DFX Intelligence
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Borrower
R•••• M••••• L••
group grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2024, $174M principal held by 2 lenders; matures Apr 2028.
Mark path, consensus per quarter end
102¢ · 101¢ · 101¢ · 101¢ · 101¢Q1 2023 to Q1 2024
Principal held
at least $174M
sum of BDC pieces, a lower bound
Fair value
$174M
101c 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
Apr 1, 2028
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Mar 31, 2024
Events
3
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••• | $165M | 101¢ | 0 pts |
| B••••••••• S•••••• L•••••• F••• | $9.32M | 101¢ | 0 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $165M | $165M 101c | S+575 bp |
| B••••••••• S•••••• L•••••• F••• | delayed draw term loan lien unstated | $9.3M | $9.3M 101c | S+575 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 $165M | 101c | S+575 bp | Apr 1, 2028 | 1 |
| delayed draw term loan lien unstated exited Mar 31, 2024 | at least $9.3M | 101c | S+575 bp | Apr 1, 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 | 2 | $174M | $174M | 101c | 0 |
| Dec 31, 2023 | 2 | $175M | $175M | 101c | 0 |
| Sep 30, 2023 | 2 | $175M | $175M | 101c | 0 |
| Jun 30, 2023 | 2 | $175M | $175M | 101c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 2 | $176M | $176M | 102c | 0 |
| Dec 31, 2022 | 2 | $176M | $175M | 101c | 0 |
| Sep 30, 2022 | 2 | $177M | $175M | 101c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- Facility left every BDC scheduleMar 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
- R••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived