DFX Intelligence
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Borrower
E•••••• P••
group grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2024, Consensus mark 97¢ on cost, down from 101¢ in Q4 2023.
Mark path, consensus per quarter end
101¢ · 97¢Q4 2023 to Q1 2024
Principal held
at least $128M
sum of BDC pieces, a lower bound
Fair value
$124M
96c on cost, debt pieces
Unfunded
$50.9M
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Nov 18, 2030
no dated debt inside 24 months
On the tape since
Dec 31, 2023
latest Mar 31, 2024
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $108M | 102¢ | +2 pts |
| B••••••••• S•••••• L•••••• F••• | $20.4M | 73¢ | -33 pts |
Every BDC piece · 4 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated | $108M | $107M 102c | S+625 bp |
| B••••••••• S•••••• L•••••• F••• | delayed draw term loan lien unstated | $20.4M | $17.2M 73c | S+625 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | S+625 bp |
| B••••••••• S•••••• L•••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | S+625 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| delayed draw term loan lien unstated exited Mar 31, 2024 | at least $128M | 96c | S+625 bp | Nov 18, 2030 | 2 |
| other lien unstated exited Dec 31, 2023 | at least $128M | 101c | S+625 bp | Nov 18, 2030 | 2 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2024 | 2 | $128M | $124M | 96c | 0 |
| Dec 31, 2023 | 2 | $128M | $127M | 101c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- New borrower on a BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 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
- ERGOMED #UKderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived