DFX Intelligence
Private Credit Intelligence
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Borrower
O•••••••• S••••••• I••
Softwaregroup grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Principal held
at least $7.2M
sum of BDC pieces, a lower bound
Fair value
$7.1M
101c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
3
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Sep 24, 2026
$7.2M inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2024
Events
6
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2024 | at least $6.9M | 101c | S+585 bp | Sep 24, 2026 | 3 |
| first lien delayed draw term loan first lien exited Sep 30, 2024 | at least $313,573 | 100c | S+585 bp | Sep 24, 2026 | 3 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien First Lien Incremental Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 5.85% Total C | $28,895 | $28,653 100c | S+585 bp |
| B•••••••• D••••• L•••••• C•••• | term loan first lien First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.85% Total Coupon 10.70% Maturity 9/2 | $632,514 | $627,223 100c | S+585 bp |
| B•••••••• T•• C•••••• C•••• | term loan first lien First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.85% Total Coupon 10.70% Maturity 9/2 | $6.2M | $6.2M 101c | S+585 bp |
| B•••••••• T•• C•••••• C•••• | delayed draw term loan first lien First Lien Incremental Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 5.85% Total C | $284,678 | $282,297 100c | S+585 bp |
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, 2024 | 2 | $7.2M | $7.1M | 101c | 0 |
| Jun 30, 2024 | 2 | $6.9M | $6.8M | 101c | 0 |
| Mar 31, 2024 | 2 | $6.9M | $6.8M | 101c | 0 |
| Dec 31, 2023 | 3 | $12.2M | $12.1M | 100c | 0 |
| Sep 30, 2023 | 3 | $7.0M | $6.8M | 100c | 0 |
| Jun 30, 2023 | 3 | $7.0M | $6.8M | 109c | 0 |
| Mar 31, 2023 | 3 | $6.7M | $6.4M | 108c | 0 |
| Dec 31, 2022 | 3 | $10.4M | $10.0M | 104c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Lender left a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- Facility left every BDC scheduleSep 30, 2024
- Lender left a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- Spread changed (observed)Dec 31, 2023
- Spread changed (observed)Dec 31, 2023
- Spread changed (observed)Jun 30, 2023
- Spread increasedJun 30, 2023
- Spread increasedJun 30, 2023
- Spread increasedJun 30, 2023
- New borrower on a 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
- O•••••••• S••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Softwarereportedas one filer wrote it