DFX Intelligence
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Borrower
U••••• M••••• A••••••••• H•••••••• L••
group grade Aoff every schedule since Dec 31, 2022sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2022, $17.4M principal held by 2 lenders; matures Jul 2028.
Mark path, consensus per quarter end
99¢ · 99¢Q3 2022 to Q4 2022
Principal held
at least $17.4M
sum of BDC pieces, a lower bound
Fair value
$17.0M
99c on cost, debt pieces
Unfunded
$12.4M
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Jul 15, 2028
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Dec 31, 2022
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2022, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $15.7M | 99¢ | 0 pts |
| B••••••••• S•••••• L•••••• F••• | $1.79M | 100¢ | 0 pts |
Every BDC piece · 4 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $15.7M | $15.2M 99c | S+575 bp |
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated | $1.8M | $1.7M 100c | S+575 bp |
| B••••••••• P•••••• C••••• F••• | revolver lien unstated R••••••• | Not disclosed | Not disclosed | S+575 bp |
| B••••••••• S•••••• L•••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | S+575 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2022
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Dec 31, 2022 | at least $17.4M | 99c | S+575 bp | Jul 15, 2028 | 2 |
| delayed draw term loan lien unstated exited Dec 31, 2022 | unknown | n/a | S+575 bp | unstated | 1 |
| revolver lien unstated exited Dec 31, 2022 | unknown | n/a | S+575 bp | unstated | 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, 2022 | 2 | $17.4M | $17.0M | 99c | 0 |
| Sep 30, 2022 | 2 | $17.5M | $17.0M | 99c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2022
- Facility left every BDC scheduleDec 31, 2022
- Facility left every BDC scheduleDec 31, 2022
- New borrower on a BDC scheduleSep 30, 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
- UNITED MUTUALderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived