DFX Intelligence
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Borrower
F•••• L••• P•••• C••••••••• L••
Machinerygroup grade Aoff every schedule since Sep 30, 2023sponsor not established · possible relationship
Also written as: C•••••••••; C••••••••• Machinery; Super
Nothing material in the last 200 days. Last change: 30 Sep 2023, Consensus mark 106¢ on cost, up from 101¢ in Q3 2022.
Mark path, consensus per quarter end
101¢ · 106¢Q3 2022 to Q3 2023
Principal held
at least $6.8M
sum of BDC pieces, a lower bound
Fair value
$6.7M
106c on cost, debt pieces
Unfunded
$142,000
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2023
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B•••••• B••• I••• | $4.58M | 106¢ | no comparable mark |
| B•••••• P•••••• C••••• C••• | $1.43M | 106¢ | no comparable mark |
| B•••••• C•••••• I••••••••• C••• | $801K | 106¢ | no comparable mark |
Every BDC piece · 12 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• B••• I••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $4.4M | $4.3M 106c | S+1250 bp |
| B•••••• P•••••• C••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $1.4M | $1.4M 106c | S+1250 bp |
| B•••••• C•••••• I••••••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $768,000 | $759,000 106c | S+1250 bp |
| B•••••• B••• I••• | term loan first lien S••••• S•••••• T••• L••• | $190,000 | $190,000 100c | S+1250 bp |
| B•••••• P•••••• C••••• C••• | term loan first lien S••••• S•••••• T••• L••• | $60,000 | $60,000 100c | S+1250 bp |
View all 12 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• C•••••• I••••••••• C••• | term loan first lien S••••• S•••••• T••• L••• | $33,000 | $33,000 100c | S+1250 bp |
| B•••••• B••• I••• | equity equity C••••• S•••• | Not disclosed | $3,000 1c | |
| B•••••• B••• I••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | |
| B•••••• C•••••• I••••••••• C••• | equity equity C••••• S•••• | Not disclosed | $1,000 2c | |
| B•••••• C•••••• I••••••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | |
| B•••••• P•••••• C••••• C••• | equity equity C••••• S•••• | Not disclosed | $1,000 1c | |
| B•••••• P•••••• C••••• C••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2023 | at least $6.8M | 106c | S+1250 bp | unstated | 3 |
| delayed draw term loan lien unstated exited Sep 30, 2023 | unknown | n/a | unstated | 3 |
Equity pieces beside the debt: equity ($5,000 fair value, 3 BDCs)
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, 2023 | 3 | $6.8M | $6.7M | 106c | 0 |
| Jun 30, 2023 | 3 | $6.5M | $6.9M | 113c | 0 |
| Mar 31, 2023 | 3 | $6.5M | $7.2M | 119c | 0 |
| Dec 31, 2022 | 3 | $6.5M | $7.2M | 119c | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2022 | 1 | $4.0M | $3.8M | 101c | 0 |
| Dec 31, 2021 | 1 | $4.0M | $3.9M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Facility left every BDC scheduleSep 30, 2023
Full timeline · 11 eventsShow fewer
- Marked down (one lender)Jun 30, 2023
- Marked down (one lender)Jun 30, 2023
- Marked down (one lender)Jun 30, 2023
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
Possible relationship, not established: A•••• A••••••••• L••, because a company of this name is on the sponsor's portfolio page (confidence 0.65). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- A•••• A••••••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedarielalternatives.com"••• Locked"
Identity
- Group key
- F•••• L••• P•••• C•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Machineryreportedas one filer wrote it