DFX Intelligence
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Borrower
M••••••••• B•••• B••
Also written as: Extended Series C; M••••••••• Holding B.V
Principal held
at least $58.5M
sum of BDC pieces, a lower bound
Fair value
$58.9M
101c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
5
5 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
May 1, 2027
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2024
Events
2
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2024 | at least $58.5M | 101c | S+675 bp | May 1, 2027 | 5 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• O•• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $19.3M | $19.3M 101c | S+675 bp |
| B••• O•• C•••••• C••• | warrants equity W••••••• | n/a | $133,000 18c | |
| B••• O•• C•••••• C••• I• | term loan first lien F•••• lien senior secured loan | $4.0M | $4.0M 101c | S+675 bp |
| B••• O•• C•••••• C••• I• | warrants equity W••••••• | n/a | $28,000 18c | |
| B••• O•• C•••••• C••• I•• | warrants equity W••••••• | n/a | $28,000 18c | |
| B••• O•• C•••••• C••• I•• | term loan first lien F•••• lien senior secured loan | $4.0M | $4.0M 101c | S+675 bp |
| B••• O•• C••••• I••••• C•••• | term loan first lien F•••• lien senior secured loan | $1.3M | $1.3M 101c | S+675 bp |
| B••• O•• C••••• I••••• C•••• | warrants equity W••••••• | n/a | $9,000 18c | |
| B••• O•• T••••••••• F•••••• C•••• | term loan first lien F•••• lien senior secured loan | $30.0M | $30.0M 101c | S+675 bp |
| B••• O•• T••••••••• F•••••• C•••• | warrants equity W••••••• | n/a | $207,000 18c |
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, 2024 | 5 | $58.5M | $58.5M | 101c | 0 |
| Jun 30, 2024 | 5 | $85.8M | $85.8M | 101c | 0 |
| Mar 31, 2024 | 5 | $85.8M | $85.8M | 101c | 0 |
| Dec 31, 2023 | 5 | $117M | $117M | 101c | 0 |
| Sep 30, 2023 | 4 | $91.6M | $90.9M | 101c | 0 |
| Jun 30, 2023 | 5 | $137M | $135M | 101c | 0 |
| Mar 31, 2023 | 5 | $234M | $230M | 100c | 0 |
| Dec 31, 2022 | 5 | $234M | $229M | 99c | 0 |
| Sep 30, 2022 | 1 | $77.0M | $75.3M | 100c | 0 |
| Dec 31, 2021 | 1 | $77.0M | $75.5M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
- G•••• C•••••• M••••••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedglynncapital.com"••• Locked"
Identity
- Group key
- MESSAGEBIRD #NLderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 5 BDCsderived