DFX Intelligence
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Borrower
V••• C•••
Hotel, Gaming & Leisuregroup grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2024, $7.57M principal held by 2 lenders; matures Jul 2028.
Mark path, consensus per quarter end
97¢ · 98¢ · 99¢ · 101¢ · 101¢Q1 2023 to Q1 2024
Where each lender marks it on the first lien term loan, 2 points apart
100¢102¢
Principal held
at least $7.6M
sum of BDC pieces, a lower bound
Fair value
$7.6M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jul 28, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Mar 31, 2024
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M••••• C•••••• I••••• P••• C••• | $4.03M | 102¢ | 0 pts |
| M•• I••••••••• C•••• | $3.54M | 100¢ | 0 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $4.0M | $4.0M 102c | S+511 bp |
| M•• I••••••••• C•••• | term loan first lien F•••• L••• D••• R•••••••• R••• and S••••• S + 5.11% I••••••• R••• F•••• 0.50% I••••••• R•• | $3.5M | $3.5M 100c | S+511 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2024 | at least $7.6M | 101c | S+511 bp | Jul 30, 2028 | 2 |
| term loan lien unstated exited Dec 31, 2022 | at least $5.0M | 97c | //www.monroebdc.com/20230930#London Interbank Offered Rate+500 bp | Jul 30, 2028 | 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, 2024 | 2 | $7.6M | $7.6M | 101c | 0 |
| Dec 31, 2023 | 2 | $15.7M | $15.6M | 101c | 0 |
| Sep 30, 2023 | 2 | $9.3M | $9.1M | 99c | 0 |
| Jun 30, 2023 | 2 | $9.3M | $9.0M | 98c | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 2 | $9.3M | $8.9M | 97c | 0 |
| Dec 31, 2022 | 2 | $14.3M | $13.5M | 96c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- New borrower on a 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
- VIADderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Hotel, Gaming & Leisurereportedas one filer wrote it