DFX Intelligence
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Borrower
C••••• A•••• C•••••••••
Also written as: Manufacturer of Pipe Fittings & Forgings
Nothing material in the last 200 days. Last change: 31 Mar 2023, Non-accrual at 1 of 1 lender on the latest schedules.
Mark path, consensus per quarter end
74¢ · 10¢Q4 2021 to Q3 2022
Principal held
at least $61.6M
sum of BDC pieces, a lower bound
Fair value
$924,000
2c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2023
Events
6
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B•••••• B••• I••• | $61.6M | 2¢ as filed, not counted | no comparable mark |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• B••• I••• | term loan second lien S••••• L••• L••• | $56.3M | $844,000 2c | PIK 15.00% |
| B•••••• B••• I••• | revolver lien unstated R••••••• | $5.3M | $80,000 2c | PIK 15.00% |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Mar 31, 2023 | at least $56.3M | 2c | PIK 15.00% | unstated | 1 |
| revolver lien unstated exited Mar 31, 2023 | at least $5.3M | 2c | PIK 15.00% | 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 |
|---|---|---|---|---|---|
| Mar 31, 2023 | 1 | $61.6M | $924,000 | 2c | 2 |
| Dec 31, 2022 | 1 | $61.6M | $2.2M | 5c | 2 |
| Sep 30, 2022 | 1 | $61.6M | $4.5M | 10c | 2 |
| Dec 31, 2021 | 1 | $49.3M | $30.0M | 74c | 2 |
What changed
- Facility left every BDC scheduleMar 31, 2023
- Facility left every BDC scheduleMar 31, 2023
- Marked down across lendersDec 31, 2022
- Marked down (one lender)Dec 31, 2022
- Marked down across lendersSep 30, 2022
Full timeline · 9 eventsShow fewer
- Marked down across lendersSep 30, 2022
- Marked down (one lender)Sep 30, 2022
- Marked down (one lender)Sep 30, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
Identity
- Group key
- C••••• A••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived