DFX Intelligence
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Borrower
A•••••••• 1••• E• L••• C••• R• B•••••• G•••• I• 6•••• C•••••••• S•••••••
group grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2024, Consensus mark 103¢ on cost, up from 95¢ in Q2 2023, 100¢ last quarter.
Mark path, consensus per quarter end
95¢ · 100¢ · 100¢ · 103¢Q2 2023 to Q1 2024
Principal held
at least $1.6M
sum of BDC pieces, a lower bound
Fair value
$1.6M
103c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Nov 24, 2028
no dated debt inside 24 months
On the tape since
Jun 30, 2023
latest Mar 31, 2024
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| G•••• E•• C•••••• C•••• | $1.63M | 103¢ | +3 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• E•• C•••••• C•••• | term loan second lien 2nd L••• S•••••• L••• I••••••• R••• 1M S••• + 7.75% 8.50% F•••• (13.18%) I•••••• A•••••••• | $1.6M | $1.6M 103c | S+775 bp |
| G•••• E•• C•••••• C•••• | term loan second lien 2nd L••• S•••••• L••• I••••••• R••• 1M S••• | Not disclosed | Not disclosed | S+775 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Mar 31, 2024 | at least $1.6M | 103c | S+775 bp | Nov 24, 2028 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2024 | 1 | $1.6M | $1.6M | 103c | 0 |
| Dec 31, 2023 | 1 | $1.6M | $1.5M | 100c | 0 |
| Sep 30, 2023 | 1 | $1.6M | $1.5M | 100c | 0 |
| Jun 30, 2023 | 1 | $1.6M | $1.4M | 95c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- Mark recoveredSep 30, 2023
- New borrower on a BDC scheduleJun 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
- ADVANCION E LAKE COOK RD BUFFALO GROVE IL CHEMICALS SECURITYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived