DFX Intelligence
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Borrower
T•••••
group grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2024, Consensus mark 100¢ on cost, up from 100¢ in Q4 2023, 108¢ last quarter.
Mark path, consensus per quarter end
100¢ · 103¢ · 108¢ · 100¢Q4 2023 to Q3 2024
Principal held
at least $22.6M
sum of BDC pieces, a lower bound
Fair value
$20.2M
100c on cost, debt pieces
Unfunded
$3.3M
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Sep 18, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2024
Events
2
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 |
|---|---|---|---|
| N••••• C•••••••• D••••• L•••••• C•••• | $18M | 100¢ | -8 pts |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | $4.54M | 100¢ | -8 pts |
Every BDC piece · 8 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• D••••• L•••••• C•••• | unstated lien unstated | $13.2M | $13.0M 100c | S+575 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan lien unstated D•••••• D•••) | $4.8M | $2.1M 97c | S+575 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | unstated lien unstated | $3.3M | $3.3M 100c | S+575 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan lien unstated D•••••• D•••) | $1.2M | $537,000 97c | S+575 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan lien unstated D•••••• D••• | Not disclosed | Not disclosed | S+575 bp |
View all 8 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• D••••• L•••••• C•••• | unstated lien unstated | Not disclosed | $1.0M 105c | |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan lien unstated D•••••• D••• L••• | Not disclosed | Not disclosed | S+575 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | unstated lien unstated | Not disclosed | $211,000 106c |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Sep 30, 2024 | at least $16.5M | 100c | S+575 bp | Sep 18, 2029 | 2 |
| delayed draw term loan lien unstated exited Sep 30, 2024 | at least $6.0M | 97c | S+575 bp | Sep 18, 2029 | 2 |
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 | 2 | $22.6M | $19.0M | 100c | 0 |
| Jun 30, 2024 | 2 | $0 | $0 | n/a | 0 |
| Mar 31, 2024 | 2 | $0 | $0 | n/a | 0 |
| Dec 31, 2023 | 2 | $0 | $0 | n/a | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 2 | $0 | $0 | n/a | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Facility left every BDC scheduleSep 30, 2024
- Marked down (one lender)Sep 30, 2024
- Marked down (one lender)Sep 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- TECH24derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived