DFX Intelligence
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Borrower
B•••••• B•••• S••••
Consumer Goods: Non-Durablegroup grade Aoff every schedule since Jun 30, 2023sponsor unattributed
Also written as: Consumer Goods: Non-Durable
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
97¢ · 84¢ · 95¢ · 96¢ · 97¢Q4 2021 to Q2 2023
Where each lender marks it on the first lien term loan, 1 point apart
97¢98¢
Principal held
at least $10.4M
sum of BDC pieces, a lower bound
Fair value
$11.3M
97c on cost, debt pieces
Unfunded
$2.8M
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Oct 20, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2023
Events
8
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| C•••••• S•••••• L••••••• I••• | $5.19M | 97¢ | +1 pts |
| C•••••• C••••• S••••••••• I••• | $5.19M | 98¢ | +1 pts |
Every BDC piece · 8 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C•••••• C••••• S••••••••• I••• | term loan first lien F•••• L••• D••• | $5.2M | $5.7M 98c | S+900 bp PIK 100.00% |
| C•••••• S•••••• L••••••• I••• | term loan first lien F•••• L••• D••• | $5.2M | $5.7M 97c | S+900 bp PIK 100.00% |
| C•••••• C••••• S••••••••• I••• | term loan first lien F•••• L••• D••• | $0 | -$24,000 | S+625 bp |
| C•••••• S•••••• L••••••• I••• | term loan first lien F•••• L••• D••• | $0 | -$24,000 | S+625 bp |
| C•••••• C••••• S••••••••• I••• | delayed draw term loan second lien F•••• and S••••• L••• D••• D•••••• D••• | Not disclosed | Not disclosed |
View all 8 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C•••••• C••••• S••••••••• I••• | revolver second lien F•••• and S••••• L••• D••• R••••••• | Not disclosed | Not disclosed | |
| C•••••• S•••••• L••••••• I••• | revolver second lien F•••• and S••••• L••• D••• R••••••• | Not disclosed | Not disclosed | |
| C•••••• S•••••• L••••••• I••• | delayed draw term loan second lien F•••• and S••••• L••• D••• D•••••• D••• | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Jun 30, 2023 | at least $10.4M | 97c | S+900 bp PIK 100.00% | Oct 20, 2028 | 2 |
| second lien revolver second lien exited Jun 30, 2023 | unknown | n/a | unstated | 2 | |
| second lien delayed draw term loan second lien exited Jun 30, 2023 | unknown | n/a | unstated | 2 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 2 | $10.4M | $11.3M | 97c | 2 |
| Mar 31, 2023 | 2 | $10.4M | $11.2M | 96c | 2 |
| Dec 31, 2022 | 2 | $15.6M | $16.4M | 94c | 3 |
| Sep 30, 2022 | 1 | $4.7M | $4.4M | 82c | 1 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2021 | 1 | $4.7M | $5.2M | 97c | 1 |
What changed
- Facility left every BDC scheduleJun 30, 2023
- Facility left every BDC scheduleJun 30, 2023
- Facility left every BDC scheduleJun 30, 2023
- Spread changed (observed)Mar 31, 2023
- Mark recoveredDec 31, 2022
Full timeline · 9 eventsShow fewer
- Spread changed (observed)Dec 31, 2022
- Marked down across lendersSep 30, 2022
- Marked down (one lender)Sep 30, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- BUBBLESderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Consumer Goods: Non-Durablereportedas one filer wrote it