DFX Intelligence
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Borrower
T•• F••• A••••••••• C•••
group grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Jun 2024, Consensus mark 100¢ on cost, up from 93¢ a year ago, 100¢ last quarter.
Mark path, consensus per quarter end
93¢ · 98¢ · 100¢ · 100¢ · 100¢Q4 2022 to Q2 2024
Principal held
at least $6.7M
sum of BDC pieces, a lower bound
Fair value
$6.7M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Dec 24, 2027
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2024
Events
7
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A• P•••••• C••••• I•••••••• C••• | $6.7M | 100¢ | 0 pts |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A• P•••••• C••••• I•••••••• C••• | term loan first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 9.71% (S + 4.25%; 0.75% F | $6.4M | $6.4M 100c | S+425 bp |
| A• P•••••• C••••• I•••••••• C••• | delayed draw term loan first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | D•••••• D••• T••• L••• | 9.71% (S + 4 | $262,706 | $261,392 100c | S+425 bp |
| A• P•••••• C••••• I•••••••• C••• | revolver first lien US C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | R••••••• | 9.71% (S + 4.25%; 0.75% F••• | $0 | -$1,320 85c | S+425 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Jun 30, 2024 | at least $6.4M | 100c | S+425 bp | Dec 24, 2027 | 1 |
| first lien delayed draw term loan first lien exited Jun 30, 2024 | at least $262,706 | 100c | S+425 bp | Dec 24, 2027 | 1 |
| first lien revolver first lien exited Jun 30, 2024 | at least $0 | n/a | S+425 bp | Dec 24, 2027 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2024 | 1 | $6.7M | $6.7M | 100c | 0 |
| Mar 31, 2024 | 1 | $6.7M | $6.7M | 100c | 0 |
| Dec 31, 2023 | 1 | $6.7M | $6.7M | 100c | 0 |
| Sep 30, 2023 | 1 | $6.5M | $6.3M | 98c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $13.1M | $11.8M | 91c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- Spread changed (observed)Dec 31, 2023
- Mark recoveredSep 30, 2023
Full timeline · 7 eventsShow fewer
- Spread changed (observed)Sep 30, 2023
- Spread changed (observed)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
- TBG FOODderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived