DFX Intelligence
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Borrower
A•••• C••••••• C•••••• 1••• E• L••• C••• R• B•••••• G•••• I• 6••••
C•••••••s Security 2nd Lien Secured Loangroup grade Aoff every schedule since Mar 31, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2023, Consensus mark 102¢ on cost, up from 100¢ in Q4 2022.
Mark path, consensus per quarter end
100¢ · 102¢Q4 2022 to Q1 2023
Principal held
at least $1.6M
sum of BDC pieces, a lower bound
Fair value
$1.5M
102c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Nov 24, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Mar 31, 2023
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| G•••• E•• C•••••• C•••• | $1.63M | 102¢ | +2 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 second lien I••••••• C•••••••• S••••••• 2nd L••• S•••••• L••• I••••••• R••• 1M L + 7.75% 8.50% F•••• ( | $1.6M | $1.5M 102c | S+775 bp |
| G•••• E•• C•••••• C•••• | term loan second lien I••••••• C•••••••• S••••••• 2nd L••• S•••••• L••• I••••••• R••• 1 M•••• L•••• | Not disclosed | Not disclosed | S+775 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2022 | at least $3.0M | 101c | S+475 bp | Nov 24, 2027 | 1 |
| second lien term loan second lien exited Mar 31, 2023 | at least $1.6M | 102c | S+775 bp | Nov 24, 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, 2023 | 1 | $1.6M | $1.5M | 102c | 0 |
| Dec 31, 2022 | 1 | $4.6M | $4.3M | 100c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2023
- Facility left every BDC scheduleDec 31, 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
- A•••• CHEMICAL COMPANY E LAKE COOK RD BUFFALO GROVE ILderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- C•••••••s Security 2nd Lien Secured Loanreportedas one filer wrote it