DFX Intelligence
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Borrower
V• G••••• H••••••• L••••••• L•••
group grade Aoff every schedule since Mar 31, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2023, Consensus mark 100¢ on cost, down from 103¢ in Q4 2021, 98¢ last quarter.
Mark path, consensus per quarter end
103¢ · 100¢ · 98¢ · 100¢Q4 2021 to Q1 2023
Principal held
at least $7.3M
sum of BDC pieces, a lower bound
Fair value
$7.1M
100c 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
Dec 22, 2025
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2023
Events
3
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 |
|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | $7.33M | 100¢ | +2 pts |
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••• | term loan first lien S••••• S•••••• L••• | $5.8M | $5.8M 100c | SOFR+575 bp |
| B••• C•••••• S•••••••• F••••••• I••• | revolver first lien S••••• S•••••• L••• - R••••••• | $1.5M | $1.4M | SOFR+575 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 Mar 31, 2023 | at least $5.8M | 100c | SOFR+575 bp | Dec 22, 2027 | 1 |
| first lien revolver first lien exited Mar 31, 2023 | at least $1.5M | n/a | SOFR+575 bp | Dec 22, 2025 | 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 | $7.3M | $7.1M | 124c | 0 |
| Dec 31, 2022 | 1 | $5.9M | $5.3M | 92c | 0 |
| Sep 30, 2022 | 1 | $7.2M | $7.0M | 100c | 0 |
| Dec 31, 2021 | 1 | $26.9M | $26.9M | 103c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2023
- Facility left every BDC scheduleMar 31, 2023
- Spread changed (observed)Sep 30, 2022
- Marked down (one lender)Sep 30, 2022
- Spread increasedSep 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
- V LLCFIRST LIENderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived