DFX Intelligence
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Borrower
N••••••••• U•• L••
group grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Also written as: LLC Verdelite JV LP
Nothing material in the last 200 days. Last change: 31 Mar 2024, Consensus mark 81¢ on cost, down from 97¢ a year ago, 91¢ last quarter.
Mark path, consensus per quarter end
97¢ · 91¢ · 92¢ · 91¢ · 81¢Q1 2023 to Q1 2024
Principal held
at least $26.3M
sum of BDC pieces, a lower bound
Fair value
$21.1M
81c 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
Aug 15, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2024
Events
1
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 |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $26.3M | 81¢ | -10 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 | $22.6M | $18.1M 81c | S+550 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $3.8M | $3.0M 81c | S+550 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Mar 31, 2024 | at least $26.3M | 81c | S+550 bp | Aug 15, 2028 | 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 | $26.3M | $21.1M | 81c | 0 |
| Dec 31, 2023 | 1 | $30.2M | $27.2M | 91c | 0 |
| Sep 30, 2023 | 1 | $26.5M | $24.0M | 92c | 0 |
| Jun 30, 2023 | 1 | $27.0M | $24.2M | 91c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 1 | $22.8M | $21.7M | 97c | 0 |
| Dec 31, 2022 | 1 | $51.9M | $48.4M | 93c | 0 |
| Sep 30, 2022 | 1 | $57.3M | $52.0M | 91c | 0 |
| Dec 31, 2021 | 1 | $28.9M | $28.8M | 99c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- Marked down (one lender)Mar 31, 2024
- Marked down (one lender)Jun 30, 2023
- Spread increasedMar 31, 2023
- Maturity extended (observed)Mar 31, 2023
Full timeline · 9 eventsShow fewer
- Maturity shortened (observed)Dec 31, 2022
- Marked down (one lender)Sep 30, 2022
- Spread increasedSep 30, 2022
- Maturity extended (observed)Sep 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
- NUMERICABLEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived