DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
G•••••• A••••••••• C•
Software)group grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Also written as: G•••••• A••••••••• C•. (dba Procare; G•••••• Ultimate Holding Co; Procare; ProCare Software
Nothing material in the last 200 days. Last change: 31 Dec 2023, Consensus mark 99¢ on cost, up from 99¢ a year ago, 101¢ last quarter.
Mark path, consensus per quarter end
99¢ · 98¢ · 100¢ · 101¢ · 99¢Q4 2022 to Q4 2023
Where each lender marks it on the first lien term loan, 47 points apart
53¢100¢
Principal held
at least $227M
sum of BDC pieces, a lower bound
Fair value
$232M
102c on cost, debt pieces
Unfunded
$0
commitments not yet drawn
BDC lenders
6
6 on the latest quarter
Facilities
3
2 equity pieces beside them
Next maturity
Jul 1, 2025
$36.1M inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2023
Events
10
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| G•••••• S•••• B••• I••• | $80.3M | 102¢ | 0 pts |
| A••• C•••••• C••• | $62.8M | 100¢ | 0 pts |
| S••••• C•••••• H••••••• L•• | $49.7M | 101¢ | +1 pts |
| B••• O•• C•••••• C••• | $23M | 100¢ | new this quarter |
| A• P•••••• C••••• I•••••••• C••• | $8.69M | 58¢ | -43 pts |
View all 6 lendersShow fewerlargest exposure first
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••• O•• C•••••• C••• I• | $2.56M | 100¢ | 0 pts |
Every BDC piece · 35 positions across 6 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan second lien S••••• lien senior secured loan 1 | $32.4M | $32.4M 100c | S+900 bp |
| A••• C•••••• C••• | term loan second lien S••••• lien senior secured loan 3 | $21.1M | $21.1M 100c | S+900 bp |
| B••• O•• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $20.4M | $20.4M 100c | S+500 bp |
| G•••••• S•••• B••• I••• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• Financial Services I••••••• R••• 14.47% R•••••••• R• | $17.0M | $16.9M 104c | S+900 bp |
| G•••••• S•••• B••• I••• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• Financial Services I••••••• R••• 14.47% R•••••••• R• | $17.0M | $16.9M 104c | S+900 bp |
View all 35 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••••• S•••• B••• I••• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• Financial Services I••••••• R••• 14.47% R•••••••• R• | $13.9M | $13.8M 101c | S+900 bp |
| G•••••• S•••• B••• I••• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• Financial Services I••••••• R••• 14.47% R•••••••• R• | $13.9M | $13.8M 101c | S+900 bp |
| S••••• C•••••• H••••••• L•• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• R••• 14.47% R•••••••• R••• and S••••• S + 9.00% M••• | $10.5M | $10.4M 101c | S+900 bp |
| S••••• C•••••• H••••••• L•• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• R••• 14.47% R•••••••• R••• and S••••• S + 9.00% M••• | $10.5M | $10.4M 101c | S+900 bp |
| S••••• C•••••• H••••••• L•• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• R••• 14.47% R•••••••• R••• and S••••• S + 9.00% M••• | $8.6M | $8.6M 101c | S+900 bp |
| S••••• C•••••• H••••••• L•• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• R••• 14.47% R•••••••• R••• and S••••• S + 9.00% M••• | $8.6M | $8.6M 101c | S+900 bp |
| A••• C•••••• C••• | term loan second lien S••••• lien senior secured loan 2 | $7.5M | $7.5M 100c | S+900 bp |
| G•••••• S•••• B••• I••• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• Financial Services I••••••• R••• 14.47% R•••••••• R• | $4.9M | $4.9M 101c | S+900 bp |
| G•••••• S•••• B••• I••• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• Financial Services I••••••• R••• 14.47% R•••••••• R• | $4.9M | $4.9M 101c | S+900 bp |
| G•••••• S•••• B••• I••• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• Financial Services I••••••• R••• 14.47% R•••••••• R• | $4.3M | $4.3M 104c | S+900 bp |
| G•••••• S•••• B••• I••• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• Financial Services I••••••• R••• 14.47% R•••••••• R• | $4.3M | $4.3M 104c | S+900 bp |
| A• P•••••• C••••• I•••••••• C••• | term loan first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 10.35% (S + 5.00%; 1.00% | $3.6M | $202,400 6c | S+500 bp |
| A• P•••••• C••••• I•••••••• C••• | term loan first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 10.35% (S + 5.00%; 1.00% | $3.6M | $3.6M 100c | S+500 bp |
| S••••• C•••••• H••••••• L•• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• R••• 14.47% R•••••••• R••• and S••••• S + 9.00% M••• | $3.1M | $3.0M 101c | S+900 bp |
| S••••• C•••••• H••••••• L•• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• R••• 14.47% R•••••••• R••• and S••••• S + 9.00% M••• | $3.1M | $3.0M 101c | S+900 bp |
| S••••• C•••••• H••••••• L•• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• R••• 14.47% R•••••••• R••• and S••••• S + 9.00% M••• | $2.7M | $2.7M 101c | S+900 bp |
| S••••• C•••••• H••••••• L•• | term loan second lien 2nd L•••/S••••• S•••••• D••• I••••••• R••• 14.47% R•••••••• R••• and S••••• S + 9.00% M••• | $2.7M | $2.7M 101c | S+900 bp |
| B••• O•• C•••••• C••• | revolver first lien F•••• lien senior secured revolving loan | $2.6M | $2.6M 100c | S+500 bp |
| B••• O•• C•••••• C••• I• | term loan first lien F•••• lien senior secured loan | $2.3M | $2.3M 100c | S+500 bp |
| A••• C•••••• C••• | revolver first lien F•••• lien senior secured revolving loan | $1.5M | $1.5M 100c | S+500 bp |
| A• P•••••• C••••• I•••••••• C••• | term loan first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 10.35% (S + 5.00%; 1.00% | $341,770 | $341,770 101c | S+500 bp |
| A• P•••••• C••••• I•••••••• C••• | term loan first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 10.35% (S + 5.00%; 1.00% | $341,770 | $3.6M 1072c | S+500 bp |
| A• P•••••• C••••• I•••••••• C••• | term loan first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 10.35% (S + 5.00%; 1.00% | $341,770 | $341,770 101c | S+500 bp |
| B••• O•• C•••••• C••• I• | revolver first lien F•••• lien senior secured revolving loan | $293,000 | $293,000 100c | S+500 bp |
| A• P•••••• C••••• I•••••••• C••• | revolver first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | R••••••• | 10.35% (S + 5.00%; 1.00% F | $202,400 | $202,400 100c | S+500 bp |
| A• P•••••• C••••• I•••••••• C••• | revolver first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | R••••••• | 10.35% (S + 5.00%; 1.00% F | $202,400 | $3.6M 1771c | S+500 bp |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 1 | $200,000 | $200,000 100c | S+500 bp |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 2 | $100,000 | $100,000 100c | S+500 bp |
| A••• C•••••• C••• | unstated lien unstated | Not disclosed | Not disclosed | |
| A••• C•••••• C••• | equity equity C•••• A common stock | Not disclosed | $2.4M 300c |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Dec 31, 2023 | at least $191M | 101c | S+900 bp | Jul 31, 2026 | 3 |
| first lien term loan first lien exited Dec 31, 2023 | at least $31.2M | 100c | S+500 bp | Jul 31, 2025 | 4 |
| first lien revolver first lien exited Dec 31, 2023 | at least $4.8M | 170c | S+500 bp | Jul 31, 2025 | 4 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2023 | 6 | $227M | $230M | 102c | 0 |
| Sep 30, 2023 | 5 | $134M | $134M | 101c | 0 |
| Jun 30, 2023 | 5 | $151M | $85.5M | 100c | 0 |
| Mar 31, 2023 | 5 | $151M | $84.1M | 98c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 6 | $219M | $213M | 99c | 0 |
| Sep 30, 2022 | 2 | $92.3M | $91.1M | 99c | 0 |
| Dec 31, 2021 | 2 | $92.6M | $90.3M | 98c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- Spread increasedSep 30, 2023
- Spread increasedSep 30, 2023
Full timeline · 30 eventsShow fewer
- Spread increasedSep 30, 2023
- Spread increasedSep 30, 2023
- Spread increasedSep 30, 2023
- Maturity extended (observed)Sep 30, 2023
- Maturity extended (observed)Sep 30, 2023
- Spread changed (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Spread changed (observed)Jun 30, 2023
- Spread changed (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Spread increasedJun 30, 2023
- Spread increasedJun 30, 2023
- Spread increasedJun 30, 2023
- Spread increasedJun 30, 2023
- Spread increasedJun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- GENESISderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 6 BDCsderived
- Industry
- Software)reportedas one filer wrote it