DFX Intelligence
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Borrower
C••••••• G••• • N••••••••• S••••••••• B••••• G••••
group grade Aoff every schedule since Mar 31, 2023sponsor unattributed
Also written as: Inc S••••••••• B••••• Group, Inc; Inc Swisstech IP CO, LLC; Inc. Gainline Galaxy Holdings LLC; Inc. S••••••••• Avia Holdings LLC
Nothing material in the last 200 days. Last change: 31 Mar 2023, Non-accrual at 1 of 1 lender on the latest schedules.
Principal held
at least $2.8M
sum of BDC pieces, a lower bound
Fair value
$2.8M
n/a on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Feb 7, 2024
$1.6M inside 24 months
On the tape since
Mar 31, 2023
latest Mar 31, 2023
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | $2.8M | no cost filed | new this quarter |
Every BDC piece · 4 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | term loan second lien Investment T••• S••••• L••• S•••••• D••• I••••••• R••• 8.75% M••••••• D••• 02/0724 | $1.3M | $233,000 | 8.75% |
| M••••• F•••••••• I••••••••• C••• | term loan first lien Investment T••• F•••• L••• S•••••• D••• I••••••• R••• L+525,1.00% F•••• M••••••• D••• 11/1 | $1.2M | $1.2M | S+525 bp |
| M••••• F•••••••• I••••••••• C••• | term loan first lien Investment T••• F•••• L••• S•••••• D••• I••••••• R••• 6% PIK M••••••• D••• 11/29/24 | $281,000 | $276,000 | S+525 bp PIK 6.00% |
| M••••• F•••••••• I••••••••• C••• | equity equity Investment T••• C••••• Equity – C••••• S•••• | Not disclosed | $1.1M |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2023 | at least $1.5M | n/a | S+525 bp PIK 6.00% | Nov 12, 2026 | 1 |
| second lien term loan second lien exited Mar 31, 2023 | at least $1.3M | n/a | 8.75% | Feb 7, 2024 | 1 |
Equity pieces beside the debt: equity ($1.1M 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, 2023 | 1 | $2.8M | $1.7M | n/a | 1 |
What changed
- New borrower on a BDC scheduleMar 31, 2023
- Facility left every BDC scheduleMar 31, 2023
- Facility left every BDC scheduleMar 31, 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
- CONSUMER GOOD NON DURABLE SEQUENTIAL BRANDSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived