DFX Intelligence
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Borrower
M•••••• V••••••••• P•••••••• L••
Diversified Consumer Servicesgroup grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Also written as: LLC Asset Type
Principal held
at least $26.4M
sum of BDC pieces, a lower bound
Fair value
$29.1M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
6
4 on the latest quarter
Facilities
2
3 equity pieces beside them
Next maturity
Apr 1, 2028
no dated debt inside 24 months
On the tape since
Sep 30, 2021
latest Sep 30, 2024
Events
5
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Jun 30, 2024 | at least $35.7M | 96c | S+760 bp | Apr 26, 2029 | 1 |
| first lien term loan first lien exited Sep 30, 2024 | at least $26.4M | 100c | S+375 bp | Apr 27, 2028 | 3 |
Equity pieces beside the debt: equity ($1.7M fair value, 2 BDCs), warrants ($482,000 fair value, 2 BDCs), preferred equity ($2.2M fair value, 2 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 3.75% I••••••• R••• F•••• 0. | $2.9M | $2.9M 100c | S+375 bp |
| G•••• C•••••• B••• I••• | preferred equity equity P•••••••• stock 1 | Not disclosed | $2.1M 107c | PIK 12.00% |
| G•••• C•••••• B••• I••• | preferred equity equity P•••••••• stock 2 | Not disclosed | $68,000 119c | PIK 10.00% |
| G•••• C•••••• B••• I••• | warrants equity W•••••• | Not disclosed | $482,000 317c | |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien S••••• secured | $11.0M | $11.1M 100c | S+375 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien F•••• L••• S••••• S•••••• I••••••• H••••••••• P•••••••• and Services I••••••• R••• 8.87% ( | $12.5M | $12.5M 101c | S+375 bp |
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 | 4 | $26.4M | $26.4M | 100c | 0 |
| Jun 30, 2024 | 4 | $46.3M | $45.1M | 97c | 0 |
| Mar 31, 2024 | 4 | $58.2M | $55.2M | 95c | 0 |
| Dec 31, 2023 | 5 | $61.3M | $58.1M | 95c | 0 |
| Sep 30, 2023 | 4 | $52.5M | $52.5M | 100c | 0 |
| Jun 30, 2023 | 3 | $50.0M | $50.0M | 100c | 0 |
| Mar 31, 2023 | 3 | $50.0M | $46.9M | 94c | 0 |
| Dec 31, 2022 | 2 | $50.0M | $47.0M | 94c | 0 |
| Sep 30, 2022 | 2 | $0 | $0 | n/a | 0 |
| Sep 30, 2021 | 1 | $0 | $0 | n/a | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- New lender joined a facilityJun 30, 2024
- Marked down across lendersDec 31, 2023
- Marked down (one lender)Dec 31, 2023
- Mark recoveredJun 30, 2023
- New borrower on a BDC scheduleSep 30, 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
- M•••••• V••••••••• P•••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 6 BDCsderived
- Industry
- Diversified Consumer Servicesreportedas one filer wrote it