DFX Intelligence
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Borrower
T••••••••• S•••••• T••••••••• H•••••••• I••
group grade Aoff every schedule since Dec 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2024, Non-accrual at 1 of 1 lender on the latest schedules.
Mark path, consensus per quarter end
72¢ · 61¢Q3 2024 to Q4 2024
Principal held
at least $8.0M
sum of BDC pieces, a lower bound
Fair value
$4.7M
61c 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 1, 2025
$8.0M inside 24 months
On the tape since
Sep 30, 2024
latest Dec 31, 2024
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | $8M | 61¢ | -11 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | term loan second lien S••••• L••• S•••••• D••• - T••• L••• I••••••• R••• 1.26% M••••••• D••• 11/01/25 | $8.0M | $4.7M 61c | 1.26% |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Dec 31, 2024 | at least $8.0M | 61c | 1.26% | Nov 1, 2025 | 1 |
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, 2024 | 1 | $8.0M | $4.7M | 61c | 0 |
| Sep 30, 2024 | 1 | $7.7M | $5.6M | 72c | 1 |
What changed
- Facility left every BDC scheduleDec 31, 2024
- Marked down across lendersDec 31, 2024
- Placed on non-accrualDec 31, 2024
- Marked down (one lender)Dec 31, 2024
- New borrower on a BDC scheduleSep 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- TELECOMMUNICATION SECURUS TECHNOLOGIESderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived