DFX Intelligence
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Borrower
B••••• T••••••••• I••
Healthcare Services, Othergroup grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2024, Non-accrual at 1 of 1 lender on the latest schedules.
Mark path, consensus per quarter end
98¢ · 99¢ · 97¢ · 75¢ · 46¢Q1 2023 to Q1 2024
Principal held
at least $10.8M
sum of BDC pieces, a lower bound
Fair value
$5.2M
46c 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
Aug 1, 2025
$10.8M inside 24 months
On the tape since
Dec 31, 2022
latest Mar 31, 2024
Events
4
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 |
|---|---|---|---|
| H••••••• C••••••• I••• | $10.8M | 46¢ | -29 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H••••••• C••••••• I••• | term loan first lien S••••• S••••••, M••••••• D••• A••••• 2025, P•••• + 5.70%, F•••• rate 8.95%, 5.95% E••• Fee | $10.8M | $5.2M 46c | S+570 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2024 | at least $10.8M | 46c | S+570 bp | Aug 1, 2025 | 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 | 1 | $10.8M | $5.2M | 46c | 0 |
| Dec 31, 2023 | 1 | $21.7M | $16.9M | 75c | 0 |
| Sep 30, 2023 | 1 | $11.3M | $11.4M | 97c | 0 |
| Jun 30, 2023 | 1 | $11.3M | $11.5M | 99c | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 1 | $11.7M | $11.6M | 98c | 0 |
| Dec 31, 2022 | 1 | $12.0M | $12.1M | 99c | 0 |
What changed
- Placed on non-accrualMar 31, 2024
- Facility left every BDC scheduleMar 31, 2024
- Marked down across lendersMar 31, 2024
- Marked down (one lender)Mar 31, 2024
- Marked down across lendersDec 31, 2023
Full timeline · 6 eventsShow fewer
- Marked down (one lender)Dec 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
- B••••• T•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Healthcare Services, Otherreportedas one filer wrote it