DFX Intelligence
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Borrower
I•••• N••••••••• I••
Health Care Technologygroup grade Aoff every schedule since Jun 30, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Jun 2023, Consensus mark 95¢ on cost, down from 100¢ in Q3 2022, 98¢ last quarter.
Mark path, consensus per quarter end
100¢ · 99¢ · 98¢ · 95¢Q3 2022 to Q2 2023
Where each lender marks it on the first lien term loan, 0 points apart
95¢95¢
Principal held
at least $38.7M
sum of BDC pieces, a lower bound
Fair value
$36.7M
95c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Mar 17, 2027
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Jun 30, 2023
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| O•••••• S•••••••• L•••••• C••• | $28.4M | 95¢ | -3 pts |
| O•••••• S•••••••• C••••• F••• | $10.3M | 95¢ | -4 pts |
Every BDC piece · 4 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| O•••••• S•••••••• L•••••• C••• | term loan first lien F•••• L••• T••• L••• 1 | $15.3M | $14.3M 93c | S+875 bp |
| O•••••• S•••••••• L•••••• C••• | term loan first lien F•••• L••• T••• L••• 2 | $13.1M | $12.6M 98c | S+875 bp |
| O•••••• S•••••••• C••••• F••• | term loan first lien F•••• L••• T••• L••• 1 | $5.6M | $5.2M 93c | S+875 bp |
| O•••••• S•••••••• C••••• F••• | term loan first lien F•••• L••• T••• L••• 2 | $4.8M | $4.6M 98c | S+875 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Jun 30, 2023 | at least $38.7M | 95c | S+875 bp | Feb 15, 2031 | 2 |
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, 2023 | 2 | $38.7M | $36.7M | 95c | 0 |
| Mar 31, 2023 | 2 | $38.0M | $37.2M | 98c | 0 |
| Dec 31, 2022 | 1 | $25.6M | $25.3M | 99c | 0 |
| Sep 30, 2022 | 2 | $60.4M | $59.9M | 100c | 0 |
What changed
- Facility left every BDC scheduleJun 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
- I•••• N•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Health Care Technologyreportedas one filer wrote it