DFX Intelligence
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Borrower
U••••• A••••••••• I••
Construction & Engineeringgroup grade Boff every schedule since Dec 31, 2022sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Principal held
at least $33.5M
sum of BDC pieces, a lower bound
Fair value
$32.1M
106c 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 20, 2023
$33.5M inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2022
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2022, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| T•• D••••• L•••••• V•• L•• | $33.5M | 96¢ | new this quarter |
Every BDC piece · 5 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| T•• D••••• L•••••• V•• L•• | term loan lien unstated A••••••••• D••• 08/20/18 T••• L••• B - 10.76% inc PIK (S••• + 7.50%, 1.00% F••••, 2.00% PI | $17.5M | $16.6M 95c | S+750 bp PIK 2.00% |
| T•• D••••• L•••••• V•• L•• | term loan lien unstated A••••••••• D••• 09/16/20 T••• L••• A - 9.76% inc PIK (S••• + 6.50%, 1.00% F••••, 2.00% PIK | $6.5M | $6.3M 158c | S+650 bp PIK 2.00% |
| T•• D••••• L•••••• V•• L•• | revolver lien unstated A••••••••• D••• 11/10/20 R••••••• - 12.00% (P•••• + 4.50%, 1.00% F••••) % of Net Assets 0. | $4.7M | $4.6M 98c | S+450 bp |
| T•• D••••• L•••••• V•• L•• | delayed draw term loan lien unstated A••••••••• D••• 08/20/18 D•••••• D••• T••• L••• B - 10.76% inc PIK (S••• + 7.50%, 1.00% F• | $3.5M | $3.3M 95c | S+750 bp PIK 2.00% |
| T•• D••••• L•••••• V•• L•• | delayed draw term loan lien unstated A••••••••• D••• 09/16/20 D•••••• D••• T••• L••• A - 9.76% inc PIK (S••• + 6.50%, 1.00% F•• | $1.3M | $1.3M 158c | S+650 bp PIK 2.00% |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2022
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| term loan lien unstated exited Dec 31, 2022 | at least $24.0M | 107c | S+750 bp PIK 2.00% | Aug 20, 2024 | 1 |
| delayed draw term loan lien unstated exited Dec 31, 2022 | at least $4.8M | 107c | S+750 bp PIK 2.00% | Aug 20, 2024 | 1 |
| revolver lien unstated exited Dec 31, 2022 | at least $4.7M | 98c | S+450 bp | Aug 20, 2023 | 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, 2022 | 1 | $33.5M | $32.1M | 106c | 4 |
What changed
- New borrower on a BDC scheduleDec 31, 2022
- Facility left every BDC scheduleDec 31, 2022
- Facility left every BDC scheduleDec 31, 2022
- Facility left every BDC scheduleDec 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
- UNITEKderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Construction & Engineeringreportedas one filer wrote it