DFX Intelligence
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Borrower
M•• R•••••• • C••••••
group grade Aoff every schedule since Jul 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Jul 2024, Consensus mark 100¢ on cost, up from 100¢ a year ago, 102¢ last quarter.
Mark path, consensus per quarter end
100¢ · 101¢ · 101¢ · 102¢ · 100¢Q3 2023 to Q3 2024
Principal held
at least $8.3M
sum of BDC pieces, a lower bound
Fair value
$7.2M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jul 31, 2024
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Jul 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| N••••• C•••••••• P•••••• C••••• F••• | $8.3M | 100¢ | new this quarter |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• P•••••• C••••• F••• | unstated lien unstated | $7.2M | $7.2M 100c | S+500 bp |
| N••••• C•••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D•••) | $1.1M | $0 | S+500 bp |
Capital structure as the BDCs see it
latest quarter end Jul 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Jul 31, 2024 | at least $7.2M | 100c | S+500 bp | unstated | 3 |
| delayed draw term loan lien unstated exited Jul 31, 2024 | at least $1.1M | n/a | S+500 bp | unstated | 3 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jul 31, 2024 | 1 | $8.3M | $7.2M | 100c | 0 |
| Jun 30, 2024 | 2 | $16.8M | $14.5M | 102c | 0 |
| Mar 31, 2024 | 2 | $16.9M | $14.4M | 101c | 0 |
| Dec 31, 2023 | 2 | $20.1M | $17.6M | 101c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 2 | $16.9M | $14.3M | 100c | 0 |
| Jun 30, 2023 | 2 | $16.9M | $14.3M | 100c | 0 |
| Dec 31, 2022 | 1 | $0 | $0 | n/a | 0 |
What changed
- Facility left every BDC scheduleJul 31, 2024
- Facility left every BDC scheduleJul 31, 2024
- Spread changed (observed)Jun 30, 2024
- Lender left a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
Full timeline · 6 eventsShow fewer
- New lender joined a facilityJun 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
- MEI RIGGING AND CRATINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived