DFX Intelligence
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Borrower
E•••••••• C•• 2•••••• L••
Structured finance (CLO)group grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2023, Consensus mark 7¢ on cost, down from 10¢ a year ago, 7¢ last quarter.
Mark path, consensus per quarter end
10¢ · 9¢ · 7¢ · 7¢ · 7¢Q3 2022 to Q3 2023
Principal held
at least $5.4M
sum of BDC pieces, a lower bound
Fair value
$97,000
7c 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
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2023
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| O•• C•••••• C••• | $5.44M | 7¢ | 0 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| O•• C•••••• C••• | notes unsecured or subordinated S••••••••• N•••• | $5.4M | $97,000 7c | 0.00% |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| unsecured or subordinated notes unsecured or subordinated exited Sep 30, 2023 | at least $5.4M | 7c | 0.00% | unstated | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 1 | $5.4M | $97,000 | 7c | 0 |
| Jun 30, 2023 | 1 | $5.4M | $97,000 | 7c | 0 |
| Mar 31, 2023 | 1 | $5.4M | $97,000 | 7c | 0 |
| Dec 31, 2022 | 1 | $5.4M | $118,000 | 9c | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2022 | 1 | $5.4M | $126,000 | 10c | 0 |
| Dec 31, 2021 | 1 | $20.0M | $10.7M | 87c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- Marked down across lendersSep 30, 2022
- Marked down (one lender)Sep 30, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- ELEVATION CLO 2017 7derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Structured finance (CLO)reportedas one filer wrote it