DFX Intelligence
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Borrower
C•••••• I••
Softwaregroup grade Boff every schedule since Sep 30, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2024, Non-accrual at 1 of 1 lender on the latest schedules, first placed in Q3 2023.
Principal held
at least $31.0M
sum of BDC pieces, a lower bound
Fair value
$0
0c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
Mar 1, 2026
$31.0M inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2024
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| H••••••• C••••••• I••• | $31M | 0¢ as filed, not counted | no comparable mark |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H••••••• C••••••• I••• | term loan first lien S••••• S••••••, M••••••• D••• M•••• 2026, P•••• + 3.20%, F•••• rate 6.45%, PIK I••••••• 1. | $31.0M | $0 0c | S+320 bp PIK 1.95% |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2024 | at least $31.0M | 0c | S+320 bp PIK 1.95% | Mar 1, 2026 | 1 |
Equity pieces beside the debt: warrants ($0 fair value, 1 BDC)
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2024 | 1 | $31.0M | $0 | 0c | 1 |
| Jun 30, 2024 | 1 | $31.0M | $0 | 0c | 1 |
| Mar 31, 2024 | 1 | $31.0M | $0 | 0c | 1 |
| Dec 31, 2023 | 1 | $62.1M | $0 | 0c | 2 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 1 | $75.1M | $24.6M | 33c | 1 |
| Jun 30, 2023 | 1 | $74.7M | $74.8M | 101c | 1 |
| Mar 31, 2023 | 1 | $74.3M | $74.3M | 101c | 1 |
| Dec 31, 2022 | 1 | $74.0M | $73.5M | 101c | 1 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Marked down across lendersDec 31, 2023
- Marked down (one lender)Dec 31, 2023
- Marked down across lendersSep 30, 2023
- Placed on non-accrualSep 30, 2023
Full timeline · 6 eventsShow fewer
- Marked down (one lender)Sep 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
- CONVOYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Softwarereportedas one filer wrote it