DFX Intelligence
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Borrower
S••••••••• I••
Data Processing & Outsourced Servicesgroup grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Also written as: Inc.Interest Rate
Nothing material in the last 200 days. Last change: 30 Sep 2024, Consensus mark 101¢ on cost, up from 97¢ a year ago, 98¢ last quarter.
Mark path, consensus per quarter end
97¢ · 97¢ · 97¢ · 98¢ · 101¢Q3 2023 to Q3 2024
Principal held
at least $842,000
sum of BDC pieces, a lower bound
Fair value
$881,000
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
Oct 31, 2024
$842,000 inside 24 months
On the tape since
Sep 30, 2022
latest Sep 30, 2024
Events
5
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| R••••• G••••• F•••••• C•••• | $842K | 101¢ | +3 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| R••••• G••••• F•••••• C•••• | term loan first lien Investment T••• S••••• S•••••• I••••••• R••• S•••+8.25%, 10.86% floor, 4.00% ETP I•••••• A | $842,000 | $881,000 101c | S+825 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2024 | at least $842,000 | 101c | S+825 bp | Oct 31, 2024 | 1 |
Equity pieces beside the debt: preferred equity ($105,000 fair value, 1 BDC), warrants ($0 fair value, 1 BDC)
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2024 | 1 | $842,000 | $881,000 | 101c | 0 |
| Jun 30, 2024 | 1 | $19.2M | $19.4M | 98c | 0 |
| Mar 31, 2024 | 1 | $20.5M | $20.5M | 97c | 0 |
| Dec 31, 2023 | 2 | $20.9M | $20.8M | 97c | 0 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 2 | $21.2M | $21.1M | 97c | 0 |
| Jun 30, 2023 | 2 | $21.4M | $21.4M | 97c | 0 |
| Mar 31, 2023 | 2 | $21.7M | $21.9M | 98c | 0 |
| Dec 31, 2022 | 2 | $66.0M | $66.5M | 98c | 0 |
| Sep 30, 2022 | 1 | $0 | $0 | n/a | 0 |
What changed
- Spread changed (observed)Sep 30, 2024
- Facility left every BDC scheduleSep 30, 2024
- Spread changed (observed)Jun 30, 2024
- Maturity shortened (observed)Dec 31, 2023
- Spread changed (observed)Jun 30, 2023
Full timeline · 6 eventsShow fewer
- 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
- SHARETHISderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Data Processing & Outsourced Servicesreportedas one filer wrote it