DFX Intelligence
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Borrower
i••••• I••
group grade Boff every schedule since Sep 30, 2022sponsor unattributed
Also written as: Inc. dba Steak N Shake; Steak N Shake
Nothing material in the last 200 days. Last change: 30 Sep 2022, Non-accrual at 1 of 1 lender on the latest schedules.
Mark path, consensus per quarter end
95¢ · 91¢Q4 2021 to Q3 2022
Principal held
at least $690,400
sum of BDC pieces, a lower bound
Fair value
$628,500
91c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2022
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2022, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| N••••••••• I••• | $690K | 91¢ | -4 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••••••• I••• | term loan lien unstated T••• L••• 1, U••••••••• N••••••••• | $541,900 | $493,300 91c | S+600 bp |
| N••••••••• I••• | term loan lien unstated T••• L••• 2, U••••••••• N••••••••• | $148,500 | $135,200 91c | S+600 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2022
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| term loan lien unstated exited Sep 30, 2022 | at least $690,400 | 91c | S+600 bp | unstated | 1 |
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, 2022 | 1 | $690,400 | $628,500 | 91c | 0 |
| Dec 31, 2021 | 1 | $690,400 | $657,900 | 95c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2022
- Spread changed (observed)Sep 30, 2022
- Spread increasedSep 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
- IFOODderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived