DFX Intelligence
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Borrower
C•••• A••••••••• I••
Insurancegroup grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Also written as: C•••• Bidco Limited
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
99¢ · 99¢ · 100¢ · 100¢ · 101¢Q1 2023 to Q1 2024
Principal held
at least $17.4M
sum of BDC pieces, a lower bound
Fair value
$17.4M
101c 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
Oct 24, 2025
$15.6M inside 24 months
On the tape since
Sep 30, 2022
latest Mar 31, 2024
Events
5
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 |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $15.6M | 101¢ | 0 pts |
| C••••••• C•••••• B••• I••• | $1.78M | 100¢ | +7 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $15.6M | $15.7M 101c | S+425 bp |
| C••••••• C•••••• B••• I••• | term loan second lien Investment T••• S••••• S•••••• S••••• L••• T••• L••• I••••••• T••• S + 750 I••••••• R••• 1 | $1.8M | $1.8M 100c | S+750 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Mar 31, 2024 | at least $15.6M | 101c | S+425 bp | Oct 24, 2025 | 1 |
| second lien term loan second lien exited Mar 31, 2024 | at least $1.8M | 100c | S+750 bp | Oct 1, 2026 | 1 |
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 | 2 | $17.4M | $17.4M | 101c | 0 |
| Dec 31, 2023 | 2 | $17.5M | $17.3M | 100c | 0 |
| Sep 30, 2023 | 2 | $17.5M | $17.3M | 100c | 0 |
| Jun 30, 2023 | 2 | $17.5M | $17.2M | 99c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 2 | $17.6M | $17.2M | 99c | 0 |
| Dec 31, 2022 | 2 | $17.6M | $17.1M | 98c | 0 |
| Sep 30, 2022 | 1 | $15.9M | $15.3M | 98c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- Facility left every BDC scheduleMar 31, 2024
- Mark recoveredMar 31, 2024
- Marked down across lendersSep 30, 2023
- Marked down (one lender)Sep 30, 2023
Full timeline · 6 eventsShow fewer
- 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
- COMETderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Insurancereportedas one filer wrote it