DFX Intelligence
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Borrower
P•• I••••••••• I• H•••••••• L••
group grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 101¢ · 100¢ · 100¢ · 100¢Q4 2022 to Q4 2023
Where each lender marks it on the first lien term loan, 0 points apart
100¢100¢
Principal held
at least $21.5M
sum of BDC pieces, a lower bound
Fair value
$22.6M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jan 1, 2026
no dated debt inside 24 months
On the tape since
Sep 30, 2021
latest Dec 31, 2023
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| G•••• C•••••• B••• I••• | $16M | 100¢ | 0 pts |
| G•••• C•••••• B•• 3• I••• | $5.45M | 100¢ | 0 pts |
Every BDC piece · 8 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• C•••••• B••• I••• | term loan first lien One stop 1 | $14.0M | $14.0M 100c | S+525 bp |
| G•••• C•••••• B•• 3• I••• | term loan first lien One stop 1 | $4.8M | $4.8M 100c | S+525 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 2 | $2.0M | $2.0M 100c | S+525 bp |
| G•••• C•••••• B•• 3• I••• | term loan first lien One stop 2 | $696,000 | $696,000 100c | S+525 bp |
| G•••• C•••••• B•• 3• I••• | term loan first lien One stop 3 | $0 | $0 | S+525 bp |
View all 8 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• C•••••• B••• I••• | term loan first lien One stop 3 | $0 | $0 | S+525 bp |
| G•••• C•••••• B•• 3• I••• | unstated lien unstated LLC interest | Not disclosed | $273,000 217c | |
| G•••• C•••••• B••• I••• | unstated lien unstated LLC interest | Not disclosed | $793,000 216c |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2023 | at least $21.5M | 100c | S+525 bp | Jan 1, 2026 | 2 |
| other lien unstated exited Dec 31, 2023 | unknown | 216c | unstated | 2 |
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, 2023 | 2 | $21.5M | $21.5M | 100c | 0 |
| Sep 30, 2023 | 2 | $21.6M | $21.6M | 100c | 0 |
| Jun 30, 2023 | 2 | $21.7M | $21.7M | 100c | 0 |
| Mar 31, 2023 | 2 | $21.8M | $21.8M | 101c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $16.2M | $16.7M | 101c | 0 |
| Sep 30, 2022 | 2 | $21.8M | $21.8M | 101c | 0 |
| Sep 30, 2021 | 1 | $16.5M | $16.9M | 101c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 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
- PCS INTERMEDIATE II HOLDINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived