DFX Intelligence
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Borrower
S•••••••• P•• C•••••• B•••• L••••••
Beverage, Food & Tobaccogroup grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Also written as: Beverage & Food
Nothing material in the last 200 days. Last change: 30 Jun 2024, Consensus mark 85¢ on cost, down from 96¢ a year ago, 91¢ last quarter.
Mark path, consensus per quarter end
96¢ · 86¢ · 89¢ · 91¢ · 85¢Q2 2023 to Q2 2024
Where each lender marks it on the second lien term loan, 0 points apart
85¢85¢
Principal held
at least $40.0M
sum of BDC pieces, a lower bound
Fair value
$42.5M
85c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Mar 12, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2024
Events
6
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 |
|---|---|---|---|
| C•••••• S•••••• L••••••• I••• | $20M | 85¢ | -6 pts |
| C•••••• C••••• S••••••••• I••• | $20M | 85¢ | -6 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C•••••• C••••• S••••••••• I••• | term loan second lien S••••• L••• | $20.0M | $21.2M 85c | S+850 bp |
| C•••••• S•••••• L••••••• I••• | term loan second lien S••••• L••• | $20.0M | $21.2M 85c | S+850 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Jun 30, 2024 | at least $40.0M | 85c | S+850 bp | Mar 12, 2028 | 2 |
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 | 2 | $40.0M | $42.5M | 85c | 0 |
| Mar 31, 2024 | 2 | $40.0M | $45.1M | 91c | 0 |
| Dec 31, 2023 | 2 | $60.0M | $66.6M | 89c | 0 |
| Sep 30, 2023 | 2 | $40.0M | $42.9M | 86c | 0 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 2 | $40.0M | $47.9M | 96c | 0 |
| Mar 31, 2023 | 2 | $40.0M | $46.1M | 93c | 0 |
| Dec 31, 2022 | 2 | $60.0M | $66.8M | 90c | 0 |
| Sep 30, 2022 | 1 | $20.0M | $20.4M | 82c | 0 |
| Dec 31, 2021 | 1 | $20.0M | $22.3M | 90c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- Marked down across lendersJun 30, 2024
- Marked down (one lender)Jun 30, 2024
- Marked down (one lender)Jun 30, 2024
- Marked down across lendersSep 30, 2023
Full timeline · 11 eventsShow fewer
- Marked down (one lender)Sep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Mark recoveredDec 31, 2022
- Marked down across lendersSep 30, 2022
- Marked down (one lender)Sep 30, 2022
- New borrower on a BDC scheduleDec 31, 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
- STONEGATE PUBderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Beverage, Food & Tobaccoreportedas one filer wrote it