DFX Intelligence
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Borrower
C•• H•••••••• I••
Commercial and Professional Servicesgroup grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Also written as: CHA Holding, Inc; Inc..Maturity 4/10/2025; irst lien; irst lien - Funded1
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
98¢ · 99¢ · 99¢ · 100¢ · 100¢Q4 2022 to Q4 2023
Where each lender marks it on the first lien term loan, 3 points apart
98¢101¢
Principal held
at least $40.5M
sum of BDC pieces, a lower bound
Fair value
$40.2M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
8
5 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Apr 1, 2025
$14.5M inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2023
Events
5
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 |
|---|---|---|---|
| N•• M••••••• F•••••• C••• | $22.9M | 100¢ | 0 pts |
| P••••••••• F••••••• R••• C•••••• L••• | $7.04M | 101¢ | 0 pts |
| C••••••• C•••••• B••• I••• | $5.64M | 98¢ | 0 pts |
| G•••••••• C•••••• C••• | $3M | 95¢ | 0 pts |
| C••••••• P•••••• C••••• I••••• C••• | $1.87M | 99¢ | -1 pts |
Every BDC piece · 11 positions across 5 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N•• M••••••• F•••••• C••• | term loan second lien S••••• L••• 1 | $7.0M | $7.0M 100c | S+875 bp |
| N•• M••••••• F•••••• C••• | term loan second lien S••••• lien 1 | $7.0M | $7.0M 100c | S+875 bp |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien F•••• L••• S•••••• D••• M••••••• 04/10/2025 I••••••• C••••••••• and E••••••••• C•••••• C•• | $5.5M | $5.5M 101c | S+461 bp |
| C••••••• C•••••• B••• I••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• T••• L••• I••••••• T••• S + 450 (100 F••••) I••• | $4.7M | $4.6M 98c | S+450 bp |
| N•• M••••••• F•••••• C••• | term loan second lien S••••• L••• 2 | $4.5M | $4.5M 100c | S+875 bp |
View all 11 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N•• M••••••• F•••••• C••• | term loan second lien S••••• lien 2 | $4.5M | $4.5M 100c | S+875 bp |
| G•••••••• C•••••• C••• | unstated lien unstated T••• D••• | $3.0M | $2.8M 95c | S+890 bp |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien F•••• L••• S••••• S•••••• D••• M••••••• 04/10/2025 I••••••• E••••••••• I••••••••• C•••••• | $1.6M | $1.6M 100c | S+461 bp |
| C••••••• P•••••• C••••• I••••• C••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• T••• L••• I••••••• T••• S + 450 (100 F••••) I••• | $1.3M | $1.3M 99c | S+450 bp |
| C••••••• C•••••• B••• I••• | delayed draw term loan first lien Investment T••• S••••• S•••••• F•••• L••• D•••••• D••• T••• L••• I••••••• T••• S + 450 (10 | $982,000 | $966,000 98c | S+450 bp |
| C••••••• P•••••• C••••• I••••• C••• | delayed draw term loan first lien Investment T••• S••••• S•••••• F•••• L••• D•••••• D••• T••• L••• I••••••• T••• S + 450 (10 | $573,000 | $563,000 99c | S+450 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Dec 31, 2023 | at least $22.9M | 100c | S+875 bp | Apr 1, 2026 | 1 |
| first lien term loan first lien exited Dec 31, 2023 | at least $13.0M | 100c | S+450 bp | Apr 10, 2025 | 3 |
| other lien unstated exited Dec 31, 2023 | at least $3.0M | 95c | S+890 bp | unstated | 1 |
| first lien delayed draw term loan first lien exited Dec 31, 2023 | at least $1.6M | 99c | S+450 bp | Apr 1, 2025 | 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 | 5 | $40.5M | $40.2M | 100c | 0 |
| Sep 30, 2023 | 6 | $35.1M | $34.8M | 100c | 0 |
| Jun 30, 2023 | 5 | $27.7M | $27.3M | 99c | 0 |
| Mar 31, 2023 | 5 | $27.8M | $27.3M | 99c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 4 | $20.7M | $20.1M | 98c | 0 |
| Sep 30, 2022 | 3 | $28.7M | $28.3M | 99c | 0 |
| Dec 31, 2021 | 2 | $12.0M | $12.0M | 101c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- New lender joined a facilityDec 31, 2022
Full timeline · 6 eventsShow fewer
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- CHA HOLDINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 8 BDCsderived
- Industry
- Commercial and Professional Servicesreportedas one filer wrote it