DFX Intelligence
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Borrower
S••••• C•••••••••
group grade Boff every schedule since Dec 31, 2024sponsor unattributed
Also written as: Inspire Automation
Nothing material in the last 200 days. Last change: 31 Dec 2024, Consensus mark 91¢ on cost, down from 100¢ a year ago, 100¢ last quarter.
Mark path, consensus per quarter end
100¢ · 100¢ · 98¢ · 100¢ · 91¢Q4 2023 to Q4 2024
Principal held
at least $9.9M
sum of BDC pieces, a lower bound
Fair value
$9.0M
91c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Aug 13, 2025
$9.9M inside 24 months
On the tape since
Mar 31, 2022
latest Dec 31, 2024
Events
13
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| C•••••• S•••••••• C••• | $9.94M | 91¢ | -9 pts |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C•••••• S•••••••• C••• | term loan first lien F•••• L••• 1 | $6.9M | $6.2M 90c | S+800 bp PIK 8.00% |
| C•••••• S•••••••• C••• | revolver lien unstated R•••••••• L••• | $2.0M | $1.8M 90c | S+800 bp PIK 8.00% |
| C•••••• S•••••••• C••• | term loan first lien F•••• L••• 2 | $1.0M | $1.0M 100c | S+800 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2024 | at least $7.9M | 92c | S+800 bp PIK 8.00% | Aug 13, 2025 | 1 |
| revolver lien unstated exited Dec 31, 2024 | at least $2.0M | 90c | S+800 bp PIK 8.00% | Aug 13, 2025 | 1 |
| delayed draw term loan lien unstated exited Mar 31, 2023 | unknown | n/a | S+750 bp | unstated | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2024 | 1 | $9.9M | $9.0M | 91c | 2 |
| Sep 30, 2024 | 1 | $10.4M | $10.4M | 100c | 0 |
| Jun 30, 2024 | 1 | $10.1M | $9.9M | 98c | 0 |
| Mar 31, 2024 | 1 | $10.4M | $10.4M | 100c | 0 |
All 11 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1 | $9.4M | $9.4M | 100c | 0 |
| Sep 30, 2023 | 1 | $12.0M | $12.0M | 101c | 0 |
| Jun 30, 2023 | 1 | $11.8M | $11.8M | 101c | 0 |
| Mar 31, 2023 | 1 | $21.2M | $21.2M | 101c | 0 |
| Dec 31, 2022 | 1 | $9.5M | $9.4M | 101c | 0 |
| Sep 30, 2022 | 1 | $9.2M | $9.0M | 100c | 0 |
| Mar 31, 2022 | 1 | $9.8M | $9.7M | 100c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2024
- PIK interest appearsDec 31, 2024
- Marked down across lendersDec 31, 2024
- PIK interest appearsDec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
Full timeline · 22 eventsShow fewer
- Marked down across lendersDec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Marked down (one lender)Dec 31, 2024
- PIK interest appearsDec 31, 2024
- PIK interest appearsDec 31, 2024
- Spread changed (observed)Jun 30, 2024
- Spread changed (observed)Jun 30, 2024
- Spread increasedJun 30, 2024
- Spread increasedJun 30, 2024
- Spread changed (observed)Dec 31, 2023
- Spread changed (observed)Dec 31, 2023
- Spread changed (observed)Sep 30, 2023
- Spread changed (observed)Sep 30, 2023
- Spread increasedSep 30, 2023
- Spread increasedSep 30, 2023
- Facility left every BDC scheduleMar 31, 2023
- Marked down (one lender)Dec 31, 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
- S•••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived