DFX Intelligence
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Borrower
M••• F••••••• A•
group grade Aoff every schedule since Mar 31, 2023sponsor unattributed
Also written as: M••• Acquisition F•••••••
Nothing material in the last 200 days. Last change: 31 Mar 2023, Consensus mark 101¢ on cost, up from 99¢ in Q4 2021.
Mark path, consensus per quarter end
99¢ · 101¢Q4 2021 to Q1 2023
Principal held
at least $13.0M
sum of BDC pieces, a lower bound
Fair value
$13.9M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Feb 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2023
Events
2
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 |
|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | $13M | 101¢ | +2 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | term loan first lien F•••• L••• S••••• S•••••• L••• | $13.0M | $13.9M 101c | //baincapital.com/20230331#Sterling Overnight Interbank Average Rate+675 bp |
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 $13.0M | 101c | //baincapital.com/20230331#Sterling Overnight Interbank Average Rate+675 bp | Feb 1, 2029 | 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, 2023 | 1 | $13.0M | $13.9M | 101c | 0 |
| Dec 31, 2021 | 1 | $216,000 | $245,000 | 99c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2023
- Spread changed (observed)Mar 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
- M••• FACILITYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 1 BDCderived