DFX Intelligence
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Borrower
R••••• I••
Professional Servicesgroup grade Aoff every schedule since Mar 31, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2023, Consensus mark 101¢ on cost, up from 99¢ in Q4 2022.
Mark path, consensus per quarter end
99¢ · 101¢Q4 2022 to Q1 2023
Principal held
at least $17.7M
sum of BDC pieces, a lower bound
Fair value
$17.9M
101c 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 1, 2024
$17.7M inside 24 months
On the tape since
Dec 31, 2022
latest Mar 31, 2023
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B•••••••• T•• C•••••• C•••• | $17.4M | 101¢ | +2 pts |
| B•••••••• C•••••• I••••••••• C••• | $300K | 101¢ | +2 pts |
Every BDC piece · 3 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• T•• C•••••• C•••• | delayed draw term loan first lien F•••• L••• D•••••• D••• T••• L••• (4.0% E••• Fee) Ref L•••• F•••• 1.50% S••••• 7.00% T•••• | $17.4M | $17.6M 101c | S+700 bp |
| B•••••••• C•••••• I••••••••• C••• | delayed draw term loan first lien F•••• L••• D•••••• D••• T••• L••• (4.0% E••• Fee) L••••(M) F•••• R••• 1.50% S••••• 7.00% w | $300,000 | $302,700 101c | S+700 bp |
| B•••••••• T•• C•••••• C•••• | delayed draw term loan first lien F•••• L••• D•••••• D••• T••• L••• (4.0% E••• Fee) Ref L••••(M) F•••• 1.50% S••••• 7.00% T• | Not disclosed | Not disclosed | S+700 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien delayed draw term loan first lien exited Mar 31, 2023 | at least $17.7M | 101c | S+700 bp | Mar 1, 2024 | 2 |
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, 2023 | 2 | $17.7M | $17.9M | 101c | 0 |
| Dec 31, 2022 | 2 | $30.5M | $30.0M | 99c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2023
- New borrower on a BDC scheduleDec 31, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- RIGUPderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Professional Servicesreportedas one filer wrote it