DFX Intelligence
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Borrower
R••••• I••••••••• I••
Services: Businessgroup grade Boff every schedule since Mar 31, 2024sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 101¢ · 101¢ · 101¢Q2 2023 to Q1 2024
Principal held
at least $1.0M
sum of BDC pieces, a lower bound
Fair value
$1.0M
101c 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
Sep 3, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2024
Events
4
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 |
|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | $1.04M | 101¢ | 0 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | term loan first lien F•••• L••• S••••• S•••••• L••• S••• S••••• 4.50% I••••••• R••• 9.93% M••••••• D••• 3/3/202 | $1.0M | $1.0M 101c | S+450 bp |
| B••• C•••••• S•••••••• F••••••• I••• | revolver first lien F•••• L••• S••••• S•••••• L••• - R••••••• M••••••• D••• 9/3/2026 | Not disclosed | Not disclosed n/a | S+450 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 $1.0M | 101c | S+450 bp | Mar 3, 2027 | 1 |
| first lien revolver first lien exited Mar 31, 2024 | unknown | n/a | S+450 bp | Sep 3, 2026 | 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 | 1 | $1.0M | $1.0M | 106c | 0 |
| Dec 31, 2023 | 1 | $1.0M | $1.0M | 107c | 0 |
| Sep 30, 2023 | 1 | $1.0M | $1.0M | 108c | 0 |
| Jun 30, 2023 | 1 | $1.0M | $1.0M | 95c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 1 | $1.1M | $1.1M | n/a | 0 |
| Dec 31, 2022 | 1 | $2.2M | $2.2M | 105c | 0 |
| Sep 30, 2022 | 1 | $1.1M | $1.1M | 95c | 0 |
| Dec 31, 2021 | 1 | $43.8M | $43.8M | 102c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- Facility left every BDC scheduleMar 31, 2024
- Maturity shortened (observed)Jun 30, 2023
- Mark recoveredDec 31, 2022
- Marked down across lendersSep 30, 2022
Full timeline · 6 eventsShow fewer
- Marked down (one lender)Sep 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
- REFINEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Services: Businessreportedas one filer wrote it