DFX Intelligence
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Borrower
M••••••••• L••
Consumer Durables & Apparelgroup grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Also written as: Consumer Durables & Apparel
Nothing material in the last 200 days. Last change: 30 Sep 2023, Non-accrual at 1 of 1 lender on the latest schedules.
Mark path, consensus per quarter end
49¢ · 39¢ · 23¢ · 13¢ · 6¢Q3 2022 to Q3 2023
Principal held
at least $13.5M
sum of BDC pieces, a lower bound
Fair value
$700,000
6c 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
Apr 13, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2023
Events
9
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 |
|---|---|---|---|
| F• K•• C•••••• C••• | $13.5M | 6¢ | -7 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F• K•• C•••••• C••• | term loan first lien | $13.5M | $700,000 6c | S+763 bp |
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 $13.5M | 6c | S+763 bp | Apr 13, 2026 | 1 |
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 | 1 | $13.5M | $700,000 | 6c | 0 |
| Jun 30, 2023 | 1 | $13.5M | $1.5M | 13c | 1 |
| Mar 31, 2023 | 1 | $13.3M | $2.8M | 23c | 1 |
| Dec 31, 2022 | 1 | $26.6M | $9.6M | 39c | 2 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2022 | 1 | $13.1M | $6.2M | 49c | 1 |
| Dec 31, 2021 | 1 | $12.9M | $8.2M | 66c | 1 |
What changed
- Marked down across lendersSep 30, 2023
- Spread changed (observed)Sep 30, 2023
- Facility left every BDC scheduleSep 30, 2023
- Spread increasedSep 30, 2023
- Marked down (one lender)Sep 30, 2023
Full timeline · 16 eventsShow fewer
- Maturity extended (observed)Jun 30, 2023
- Marked down across lendersJun 30, 2023
- Marked down (one lender)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Marked down across lendersMar 31, 2023
- Marked down (one lender)Mar 31, 2023
- Marked down across lendersDec 31, 2022
- Marked down (one lender)Dec 31, 2022
- Marked down across lendersSep 30, 2022
- Marked down (one lender)Sep 30, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- MATCHESFASHION #UKderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Consumer Durables & Apparelreportedas one filer wrote it