DFX Intelligence
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Borrower
M••••••• G••••• L•• 1•••• N• 1•••• S••••• K••••••• W• 9••••
Casinos & G••••• Security 1st Lien Secured Loangroup grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2024, Consensus mark 68¢ on cost, down from 69¢ a year ago, 74¢ last quarter.
Mark path, consensus per quarter end
69¢ · 81¢ · 76¢ · 74¢ · 68¢Q1 2023 to Q1 2024
Principal held
at least $5.8M
sum of BDC pieces, a lower bound
Fair value
$3.9M
68c 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
Sep 3, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Mar 31, 2024
Events
5
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| G•••• E•• C•••••• C•••• | $5.83M | 68¢ | -6 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• C•••••• & G••••• S••••••• 1st L••• S•••••• L••• I••••••• R••• 3M S••• + 7.50%, 8. | $5.8M | $3.9M 68c | S+750 bp |
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• C•••••• & G••••• S••••••• 1st L••• S•••••• L••• I••••••• R••• 3M S••• | Not disclosed | Not disclosed | S+750 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2024 | at least $5.8M | 68c | S+750 bp | Sep 3, 2026 | 1 |
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, 2024 | 1 | $5.8M | $3.9M | 68c | 0 |
| Dec 31, 2023 | 1 | $5.8M | $4.3M | 74c | 0 |
| Sep 30, 2023 | 1 | $5.9M | $4.3M | 76c | 0 |
| Jun 30, 2023 | 1 | $5.9M | $4.7M | 81c | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 1 | $5.9M | $4.0M | 69c | 0 |
| Dec 31, 2022 | 1 | $5.9M | $4.9M | 85c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- Marked down across lendersMar 31, 2024
- Marked down (one lender)Mar 31, 2024
- Marked down across lendersSep 30, 2023
- Marked down (one lender)Sep 30, 2023
Full timeline · 8 eventsShow fewer
- Mark recoveredJun 30, 2023
- Marked down across lendersMar 31, 2023
- Marked down (one lender)Mar 31, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- MAVERICK GAMING NE 144TH STREET KIRKLAND WAderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Casinos & G••••• Security 1st Lien Secured Loanreportedas one filer wrote it