DFX Intelligence
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Borrower
L•• H•••••• L••
group grade Coff every schedule since Dec 31, 2022sponsor unattributed
Also written as: ZBS Mechanical Group Co-Invest Fund 2, LLC
Nothing material in the last 200 days. Last change: 31 Dec 2022, Consensus mark 102¢ on cost, up from 99¢ in Q4 2021, 98¢ last quarter.
Mark path, consensus per quarter end
99¢ · 98¢ · 102¢Q4 2021 to Q4 2022
Principal held
at least $55.2M
sum of BDC pieces, a lower bound
Fair value
$71.7M
102c on cost, debt pieces
Unfunded
$3.9M
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
Oct 1, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2022
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2022, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••• C•••••• C••• | $55.2M | 102¢ | +4 pts |
Every BDC piece · 6 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 1 | $21.2M | $21.6M 102c | S+638 bp |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $21.2M | $21.6M 102c | S+638 bp |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 2 | $6.7M | $6.8M 101c | S+638 bp |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 3 | $6.1M | $6.2M 102c | S+638 bp |
| A••• C•••••• C••• | equity equity M••••••••• interest | Not disclosed | $15.5M 554c |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | unstated lien unstated | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2022
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2022 | at least $55.2M | 102c | S+638 bp | Oct 1, 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 |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $55.2M | $56.2M | 102c | 0 |
| Sep 30, 2022 | 1 | $24.0M | $23.6M | 98c | 0 |
| Dec 31, 2021 | 1 | $6.9M | $6.8M | 99c | 0 |
What changed
- 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
- L•• H•••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived