DFX Intelligence
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Borrower
B• T••••• B••••• L••
Retailgroup grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Also written as: LLC Real; myUnique and Ecothrift
Nothing material in the last 200 days. Last change: 30 Jun 2024, $21.9M principal held by 1 lender; matures Sep 2027.
Mark path, consensus per quarter end
102¢ · 103¢ · 102¢ · 102¢ · 102¢Q2 2023 to Q2 2024
Principal held
at least $21.9M
sum of BDC pieces, a lower bound
Fair value
$46.2M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
Sep 13, 2027
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2024
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| F•••• I••••••••• C••• | $21.9M | 102¢ | 0 pts |
Every BDC piece · 4 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F•••• I••••••••• C••• | term loan first lien F•••• L••• D••• V••••••• I•••• S••••• (S + 5.75%) V••••••• I•••• F•••• (1.50%) R••• C••• 1 | $20.0M | $20.0M 102c | S+575 bp |
| F•••• I••••••••• C••• | term loan first lien F•••• L••• D••• V••••••• I•••• S••••• (S + 5.75%) V••••••• I•••• F•••• (1.50%) R••• C••• 8 | $1.9M | $1.9M 100c | S+575 bp |
| F•••• I••••••••• C••• | equity equity C••••• Equity (1,000 units) Investment date 9/13/2022 | Not disclosed | $1.2M 127c | |
| F•••• I••••••••• C••• | unstated lien unstated | Not disclosed | $23.1M 102c |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Jun 30, 2024 | at least $21.9M | 101c | S+575 bp | Sep 13, 2027 | 1 |
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, 2024 | 1 | $21.9M | $21.9M | 101c | 0 |
| Mar 31, 2024 | 1 | $21.9M | $21.9M | 101c | 1 |
| Dec 31, 2023 | 1 | $43.8M | $43.8M | 102c | 0 |
| Sep 30, 2023 | 1 | $21.9M | $21.9M | 102c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 1 | $21.9M | $21.9M | 102c | 0 |
| Mar 31, 2023 | 1 | $20.0M | $20.0M | 102c | 0 |
| Dec 31, 2022 | 1 | $20.0M | $19.6M | 100c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- PIK interest appearsMar 31, 2024
- PIK interest appearsMar 31, 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
- BP THRIFTderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Retailreportedas one filer wrote it