DFX Intelligence
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Borrower
I••••••••• •••••• N••••••••• I••••••••• S••••• C•••••••• L••
Information Technology Services Rate Cash/PIK 12.00%/0.00% Investment date 10/19/2021group grade Aoff every schedule since Dec 31, 2022sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2022, Consensus mark 67¢ on cost.
Principal held
at least $16.0M
sum of BDC pieces, a lower bound
Fair value
$21.5M
67c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
Jun 1, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2022
Events
1
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 |
|---|---|---|---|
| F•••• I••••••••• C••• | $16M | 67¢ | new this quarter |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F•••• I••••••••• C••• | term loan second lien S••••• L••• D••• I••••••• I••••••••• T••••••••• Services R••• C•••/PIK 12.00%/0.00% Invest | $16.0M | $10.7M 67c | |
| F•••• I••••••••• C••• | equity equity C••••• Equity (19,099 units) I••••••• I••••••••• T••••••••• Services Investment date 12/1/ | Not disclosed | $10.7M 64c |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2022
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Dec 31, 2022 | at least $16.0M | 67c | Jun 1, 2028 | 1 |
Equity pieces beside the debt: equity ($10.7M 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 |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $16.0M | $10.7M | 67c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 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
- IDENTIFIER AXIS NON CONTROL NON AFFILIATE SUITED CONNECTORderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Information Technology Services Rate Cash/PIK 12.00%/0.00% Investment date 10/19/2021reportedas one filer wrote it