DFX Intelligence
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Borrower
V••••• G•••
group grade Boff every schedule since Dec 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2024, Consensus mark 99¢ on cost, up from 98¢ a year ago, 105¢ last quarter.
Mark path, consensus per quarter end
98¢ · 98¢ · 99¢ · 105¢ · 99¢Q4 2023 to Q4 2024
Principal held
at least $507M
sum of BDC pieces, a lower bound
Fair value
$635M
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Mar 14, 2029
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Dec 31, 2024
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $507M | 99¢ | -6 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $253M | $317M 99c | S+550 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $253M | $317M 99c | S+550 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Dec 31, 2024 | at least $507M | 99c | S+550 bp | Mar 14, 2029 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2024 | 1 | $507M | $635M | 99c | 0 |
| Sep 30, 2024 | 1 | $253M | $338M | 105c | 0 |
| Jun 30, 2024 | 1 | $253M | $318M | 99c | 0 |
| Mar 31, 2024 | 1 | $203M | $252M | 98c | 0 |
All 10 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1 | $203M | $254M | 98c | 0 |
| Sep 30, 2023 | 1 | $170M | $202M | 92c | 0 |
| Jun 30, 2023 | 1 | $170M | $208M | 95c | 0 |
| Mar 31, 2023 | 1 | $170M | $197M | 90c | 0 |
| Dec 31, 2022 | 1 | $170M | $191M | 87c | 0 |
| Sep 30, 2022 | 1 | $170M | $176M | 81c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2024
- Marked down (one lender)Dec 31, 2024
- New borrower on a BDC scheduleSep 30, 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
- VEONET #DEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived