DFX Intelligence
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Borrower
M••••• F•••••••• I••••• T••••
group grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2024, Consensus mark 105¢ on cost, up from 96¢ in Q3 2023, 106¢ last quarter.
Mark path, consensus per quarter end
96¢ · 106¢ · 105¢Q3 2023 to Q1 2024
Principal held
at least $3.1M
sum of BDC pieces, a lower bound
Fair value
$2.8M
105c 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
May 1, 2028
no dated debt inside 24 months
On the tape since
Sep 30, 2023
latest Mar 31, 2024
Events
2
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 |
|---|---|---|---|
| A••• S•••••••• I••••• F••• | $3.05M | 105¢ | -1 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• S•••••••• I••••• F••• | term loan unsecured or subordinated S••••• subordinated loan | $3.1M | $2.8M 105c | 6.50% |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| unsecured or subordinated term loan unsecured or subordinated exited Mar 31, 2024 | at least $3.1M | 105c | 6.50% | May 1, 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 | $3.1M | $2.8M | 105c | 0 |
| Dec 31, 2023 | 1 | $5.0M | $4.7M | 106c | 0 |
| Sep 30, 2023 | 1 | $3.0M | $2.6M | 96c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- New borrower on a BDC scheduleSep 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
- MIDCAP FINANCIAL TRUSTderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived