DFX Intelligence
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Borrower
S••••• H•••••••• L••
group grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2023, $69.6M principal held by 2 lenders; matures Nov 2026.
Mark path, consensus per quarter end
102¢ · 102¢ · 102¢ · 101¢ · 101¢Q4 2022 to Q4 2023
Principal held
at least $69.6M
sum of BDC pieces, a lower bound
Fair value
$69.6M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Nov 25, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2023
Events
1
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••••••••• S•••••• L•••••• F••• | $61.4M | 101¢ | 0 pts |
| B••••••••• P•••••• C••••• F••• | $8.29M | 101¢ | 0 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated | $61.4M | $61.4M 101c | S+575 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $8.3M | $8.3M 101c | S+575 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Dec 31, 2023 | at least $69.6M | 101c | S+575 bp | Nov 25, 2026 | 2 |
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 | 2 | $69.6M | $69.6M | 101c | 0 |
| Sep 30, 2023 | 2 | $94.0M | $94.0M | 101c | 0 |
| Jun 30, 2023 | 2 | $94.3M | $94.8M | 102c | 0 |
| Mar 31, 2023 | 2 | $94.5M | $95.0M | 102c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 2 | $106M | $107M | 102c | 0 |
| Sep 30, 2022 | 2 | $95.0M | $95.5M | 102c | 0 |
| Dec 31, 2021 | 2 | $107M | $108M | 103c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- Spread increasedMar 31, 2023
- Spread increasedMar 31, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- SHOALSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived