DFX Intelligence
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Borrower
T••• P•••••• I••••••••• I•• L••
Transportation: Consumergroup 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
88¢ · 74¢ · 79¢ · 63¢Q4 2022 to Q3 2023
Principal held
unknown
sum of BDC pieces, a lower bound
Fair value
Not disclosed
n/a on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2023
Events
6
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 |
|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | no principal filed | no cost filed | no comparable mark |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | equity equity Equity I••••••• | $3.1M | Not disclosed n/a | |
| B••• C•••••• S•••••••• F••••••• I••• | unstated lien unstated A••••••••• D••• 4/2/2019 | Not disclosed | Not disclosed |
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 Sep 30, 2023 | at least $7.6M | 63c | S+850 bp | May 29, 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 |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1 | $0 | $0 | n/a | 0 |
| Sep 30, 2023 | 1 | $7.6M | $4.1M | 63c | 0 |
| Jun 30, 2023 | 1 | $7.5M | $4.9M | 79c | 1 |
| Mar 31, 2023 | 1 | $7.2M | $4.3M | 74c | 2 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $13.9M | $9.7M | 88c | 3 |
| Sep 30, 2022 | 1 | $6.7M | $4.8M | 93c | 1 |
| Dec 31, 2021 | 1 | $13.8M | $11.6M | 115c | 1 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- Marked down across lendersSep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Spread changed (observed)Jun 30, 2023
- Spread increasedJun 30, 2023
Full timeline · 10 eventsShow fewer
- Marked down across lendersMar 31, 2023
- Marked down (one lender)Mar 31, 2023
- Marked down across lendersSep 30, 2022
- Spread changed (observed)Sep 30, 2022
- Marked down (one lender)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
- TORO PRIVATE IIderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Transportation: Consumerreportedas one filer wrote it