DFX Intelligence
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Borrower
B••••••• B•• A••••••••• C•••
group grade Aoff every schedule since Dec 31, 2024sponsor unattributed
Also written as: B••••••• B•• A••••••••• C•••. 1; B••••••• B•• A••••••••• C•••. 2
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 101¢ · 102¢ · 102¢ · 102¢Q4 2023 to Q4 2024
Principal held
at least $28.6M
sum of BDC pieces, a lower bound
Fair value
$28.8M
102c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Feb 12, 2026
$21.1M inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2024
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M••••• C•••••• I••••• P••• C••• | $18.6M | 102¢ | 0 pts |
| M••••• C•••••• C••• | $10M | 102¢ | +1 pts |
Every BDC piece · 12 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $6.8M | $6.9M 102c | S+665 bp |
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L••••. 2 | $6.8M | $6.9M 102c | S+665 bp |
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $2.5M | $2.5M 101c | S+665 bp |
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L••••. 1 | $2.5M | $2.5M 101c | S+665 bp |
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L•••• 1 | $1.7M | $1.7M 101c | S+665 bp |
View all 12 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L•••• | $1.7M | $1.7M 101c | S+665 bp |
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L•••• | $1.7M | $1.7M 101c | S+665 bp |
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L•••• 1, N••••••••• | $1.7M | $1.7M 101c | S+665 bp |
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L•••• 2, N••••••••• | $854,000 | $863,000 102c | S+665 bp |
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L•••• | $854,000 | $863,000 102c | S+665 bp |
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L•••• | $854,000 | $863,000 102c | S+665 bp |
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L•••• 2 | $854,000 | $863,000 102c | S+665 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2024 | at least $28.6M | 102c | S+665 bp | Feb 12, 2026 | 2 |
| first lien delayed draw term loan first lien exited Dec 31, 2022 | at least $5.0M | 94c | S+650 bp | Jun 30, 2027 | 1 |
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, 2024 | 2 | $28.6M | $28.8M | 102c | 0 |
| Sep 30, 2024 | 2 | $13.2M | $13.2M | 102c | 0 |
| Jun 30, 2024 | 2 | $13.2M | $13.2M | 102c | 0 |
| Mar 31, 2024 | 2 | $4.6M | $4.6M | 101c | 0 |
All 11 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2023 | 2 | $7.4M | $7.4M | 101c | 0 |
| Sep 30, 2023 | 2 | $4.7M | $4.7M | 101c | 0 |
| Jun 30, 2023 | 2 | $4.7M | $4.7M | 101c | 0 |
| Mar 31, 2023 | 2 | $4.7M | $4.6M | 100c | 0 |
| Dec 31, 2022 | 2 | $19.4M | $18.5M | 97c | 0 |
| Sep 30, 2022 | 1 | $2.3M | $1.8M | 100c | 0 |
| Dec 31, 2021 | 1 | $2.3M | $1.9M | 101c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2024
- Maturity shortened (observed)Mar 31, 2023
- New lender joined a facilityDec 31, 2022
- Maturity extended (observed)Dec 31, 2022
- Facility left every BDC scheduleDec 31, 2022
Full timeline · 7 eventsShow fewer
- Maturity extended (observed)Dec 31, 2022
- 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
- BRICKELL BAYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 3 across 2 BDCsderived