DFX Intelligence
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Borrower
C••••••••• C•••••• A• S••• L•
group grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2023, Consensus mark 100¢ on cost, down from 102¢ in Q3 2023.
Mark path, consensus per quarter end
102¢ · 100¢Q3 2023 to Q4 2023
Where each lender marks it on the first lien term loan, 3 points apart
99¢102¢
Principal held
at least $57.7M
sum of BDC pieces, a lower bound
Fair value
$66.2M
100c on cost, debt pieces
Unfunded
$5.6M
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
2 equity pieces beside them
Next maturity
Jul 1, 2029
no dated debt inside 24 months
On the tape since
Sep 30, 2023
latest Dec 31, 2023
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••• C•••••• C••• | $43.6M | 99¢ | new this quarter |
| A••• S•••••••• I••••• F••• | $14.1M | 102¢ | 0 pts |
Every BDC piece · 8 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $42.9M | $42.5M 99c | S+675 bp |
| A••• S•••••••• I••••• F••• | term loan first lien F•••• lien senior secured loan | $13.9M | $13.8M 102c | S+675 bp |
| A••• C•••••• C••• | revolver first lien F•••• lien senior secured revolving loan | $700,000 | $700,000 100c | S+675 bp |
| A••• S•••••••• I••••• F••• | revolver first lien F•••• lien senior secured revolving loan | $211,300 | $182,200 99c | S+675 bp |
| A••• C•••••• C••• | equity equity L•••••• partnership interest | Not disclosed | $9.0M 95c | PIK 8.00% |
View all 8 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | unstated lien unstated | Not disclosed | Not disclosed | |
| A••• S•••••••• I••••• F••• | equity equity L•••••• partnership interest | Not disclosed | $96,700 94c | PIK 8.00% |
| A••• S•••••••• I••••• F••• | unstated lien unstated | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2023 | at least $56.8M | 100c | S+675 bp | Jul 1, 2030 | 2 |
| first lien revolver first lien exited Dec 31, 2023 | at least $911,300 | 100c | S+675 bp | Jul 1, 2029 | 2 |
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, 2023 | 2 | $57.7M | $57.2M | 100c | 0 |
| Sep 30, 2023 | 1 | $13.9M | $13.8M | 102c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- New lender joined a facilityDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- New borrower on a BDC scheduleSep 30, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- CROSSPOINT CAPITALderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived