DFX Intelligence
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Borrower
T•• C••••••• G•••• L••
Automotivegroup grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2023, $28.1M principal held by 3 lenders; matures Jul 2027.
Mark path, consensus per quarter end
100¢ · 101¢ · 101¢ · 102¢ · 103¢Q3 2022 to Q3 2023
Where each lender marks it on the first lien term loan, 0 points apart
103¢103¢
Principal held
at least $28.1M
sum of BDC pieces, a lower bound
Fair value
$54.7M
103c on cost, debt pieces
Unfunded
$9.1M
commitments not yet drawn
BDC lenders
4
4 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jul 1, 2027
no dated debt inside 24 months
On the tape since
Sep 30, 2022
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 |
|---|---|---|---|
| C•••••• C••••• S••••••••• I••• | $11.2M | 103¢ | +1 pts |
| C•••••• S•••••• L••••••• I••• | $11.2M | 103¢ | +1 pts |
| C•••••• S•••••• L•••••• I•• | $5.62M | 103¢ | +1 pts |
Every BDC piece · 6 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C•••••• C••••• S••••••••• I••• | term loan first lien F•••• L••• D••• | $11.2M | $11.3M 103c | S+650 bp |
| C•••••• S•••••• L••••••• I••• | term loan first lien F•••• L••• D••• | $11.2M | $11.3M 103c | S+650 bp |
| C•••••• S•••••• L•••••• I•• | term loan first lien F•••• L••• D••• | $5.6M | $5.7M 103c | S+650 bp |
| C•••••• C••••• S••••••••• I••• | revolver second lien F•••• and S••••• L••• D••• R••••••• | Not disclosed | Not disclosed | |
| C•••••• S•••••• L•••••• I•• | revolver second lien R••••••• | Not disclosed | Not disclosed |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C•••••• S•••••• L••••••• I••• | revolver second lien F•••• and S••••• L••• D••• R••••••• | 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 $28.1M | 103c | S+650 bp | Jul 8, 2027 | 3 |
| second lien revolver second lien exited Sep 30, 2023 | unknown | n/a | unstated | 3 |
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 | $28.1M | $28.3M | 103c | 0 |
| Jun 30, 2023 | 3 | $35.2M | $35.0M | 102c | 0 |
| Mar 31, 2023 | 3 | $35.7M | $35.3M | 101c | 0 |
| Dec 31, 2022 | 3 | $50.6M | $49.7M | 101c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2022 | 1 | $14.6M | $14.3M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- Facility left every BDC scheduleSep 30, 2023
- New borrower on a BDC scheduleSep 30, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- CARLSTARderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived
- Industry
- Automotivereportedas one filer wrote it