DFX Intelligence
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Borrower
V•• H•••••••• L••
group grade Coff every schedule since Sep 30, 2024sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 100¢ · 101¢ · 102¢ · 102¢Q4 2022 to Q3 2024
Principal held
at least $4.9M
sum of BDC pieces, a lower bound
Fair value
$5.0M
102c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2024
Events
13
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M••••• C•••••• C••• | $4.89M | 102¢ | 0 pts |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L•••• 1 | $2.1M | $2.2M 102c | S+911 bp PIK 2.00% |
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L•••• 2 | $1.8M | $1.8M 102c | S+911 bp PIK 2.00% |
| M••••• C•••••• C••• | revolver first lien R•••••••), S••••• S•••••• L•••• | $1.0M | $1.0M 100c | S+911 bp PIK 2.00% |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2024 | at least $3.9M | 102c | S+911 bp PIK 2.00% | unstated | 1 |
| first lien revolver first lien exited Sep 30, 2024 | at least $1.0M | 100c | S+911 bp PIK 2.00% | unstated | 1 |
| revolver lien unstated exited Dec 31, 2023 | unknown | n/a | unstated | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2024 | 1 | $4.9M | $5.0M | 102c | 3 |
| Jun 30, 2024 | 1 | $5.0M | $5.1M | 102c | 3 |
| Mar 31, 2024 | 1 | $5.2M | $5.2M | 101c | 0 |
| Dec 31, 2023 | 1 | $6.4M | $5.6M | 100c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $6.9M | $6.0M | 101c | 3 |
What changed
- PIK interest increasedSep 30, 2024
- Facility left every BDC scheduleSep 30, 2024
- Spread changed (observed)Sep 30, 2024
- Facility left every BDC scheduleSep 30, 2024
- PIK interest increasedSep 30, 2024
Full timeline · 21 eventsShow fewer
- Spread changed (observed)Sep 30, 2024
- Spread increasedSep 30, 2024
- Spread increasedSep 30, 2024
- PIK interest increasedSep 30, 2024
- PIK interest increasedSep 30, 2024
- PIK interest appearsJun 30, 2024
- Spread changed (observed)Jun 30, 2024
- Spread changed (observed)Jun 30, 2024
- PIK interest appearsJun 30, 2024
- Spread increasedJun 30, 2024
- Spread increasedJun 30, 2024
- PIK interest appearsJun 30, 2024
- PIK interest appearsJun 30, 2024
- Spread changed (observed)Dec 31, 2023
- Spread changed (observed)Dec 31, 2023
- Facility left every BDC scheduleDec 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
- VPS HOLDINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived