DFX Intelligence
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Borrower
N•• W••••• E••••• P•• L•••••• 5• P••• S••••• S••••• N•• S•••• W•••• 2••• A••••••••
Metals & Mining Security SS Working Capital Facilitygroup grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2024, Consensus mark 74¢ on cost, down from 101¢ in Q2 2023, 74¢ last quarter.
Mark path, consensus per quarter end
101¢ · 101¢ · 74¢ · 74¢Q2 2023 to Q1 2024
Principal held
at least $6.0M
sum of BDC pieces, a lower bound
Fair value
$4.3M
74c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
Aug 16, 2024
$1.1M inside 24 months
On the tape since
Jun 30, 2023
latest Mar 31, 2024
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| G•••• E•• C•••••• C•••• | $6M | 74¢ | 0 pts |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• E•• C•••••• C•••• | warrants equity I••••••• M••••• & M••••• S••••••• W••••••• I•••••• A••••••••• D••• 04/06/2023 | $1.1B | Not disclosed | |
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• M••••• & M••••• S••••••• 1st L••• S•••••• L••• I•••••• A••••••••• D••• 04/06/2023 | $4.9M | $3.2M 67c | |
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• M••••• & M••••• S••••••• SS W•••••• Capital F••••••• I••••••• R••• 16.00% I•••••• | $1.1M | $1.1M 104c | 16.00% |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2024 | at least $6.0M | 74c | 16.00% | Apr 6, 2026 | 1 |
Equity pieces beside the debt: warrants (Not disclosed fair value, 1 BDC)
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2024 | 1 | $6.0M | $4.3M | 74c | 0 |
| Dec 31, 2023 | 1 | $4.9M | $3.6M | 74c | 1 |
| Sep 30, 2023 | 1 | $4.9M | $4.8M | 101c | 1 |
| Jun 30, 2023 | 1 | $5.0M | $4.9M | 101c | 1 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- Marked down across lendersDec 31, 2023
- Marked down (one lender)Dec 31, 2023
- New borrower on a BDC scheduleJun 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
- NEW WILKIE ENERGY PTY LIMITED PITT STREET SYDNEY NEW SOUTH WALES AUSTRALIAderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Metals & Mining Security SS Working Capital Facilityreportedas one filer wrote it