DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
M•••••••••
group grade Aoff every schedule since Dec 31, 2024sponsor unattributed
Also written as: and M•••••••••; Avalara, Inc; Capital Equipment AVAD; Capital Equipment Carlisle Fluid Technologies LSF12 Donnelly Bidco, LLC; Capital Equipment Circor Cube Industrials Buyer, Inc; Capital Equipment International Wire Group; Capital Equipment International Wire Group IW Buyer LLC; Capital Equipment JPW Industries Holding Corporation
Nothing material in the last 200 days. Last change: 31 Dec 2024, Consensus mark 91¢ on cost, down from 98¢ a year ago, 88¢ last quarter.
Mark path, consensus per quarter end
98¢ · 100¢ · 99¢ · 88¢ · 91¢Q4 2023 to Q4 2024
Principal held
at least $25.3M
sum of BDC pieces, a lower bound
Fair value
$62.1M
84c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
2
3 equity pieces beside them
Next maturity
Sep 10, 2026
$25.3M inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2024
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | $25.3M | 91¢ | +3 pts |
Every BDC piece · 7 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | revolver first lien F•••• L••• S•••••• D••• - R••••••• S•••+411, 1.00% F•••• M••••••• D••• 09/10/26 | $15.7M | $15.7M 100c | SOFR+411 bp |
| M••••• F•••••••• I••••••••• C••• | term loan first lien F•••• L••• S•••••• D••• - T••• L••• S•••+411, 1.00% F•••• M••••••• D••• 09/10/26 | $9.6M | $9.6M 66c | SOFR+411 bp |
| M••••• F•••••••• I••••••••• C••• | unstated lien unstated | Not disclosed | $17.1M 94c | |
| M••••• F•••••••• I••••••••• C••• | preferred equity equity P•••••••• Equity - C•••• P-1 P•••••••• | Not disclosed | $3.4M 199c | |
| M••••• F•••••••• I••••••••• C••• | equity equity C••••• Equity - C•••• A-1 C••••• | Not disclosed | $375,000 |
View all 7 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | unstated lien unstated | Not disclosed | $2.5M 101c | |
| M••••• F•••••••• I••••••••• C••• | unstated lien unstated | Not disclosed | $13.4M 100c |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien revolver first lien exited Dec 31, 2024 | at least $15.7M | 100c | SOFR+411 bp | Sep 10, 2026 | 1 |
| first lien term loan first lien exited Dec 31, 2024 | at least $9.6M | 66c | SOFR+411 bp | Sep 10, 2026 | 1 |
Equity pieces beside the debt: equity ($375,000 fair value, 1 BDC), preferred equity ($3.4M fair value, 1 BDC), other ($33.0M fair value, 1 BDC)
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, 2024 | 1 | $25.3M | $25.3M | 84c | 0 |
| Sep 30, 2024 | 1 | $24.6M | $24.6M | 82c | 0 |
| Jun 30, 2024 | 1 | $14.0M | $13.9M | 100c | 0 |
| Mar 31, 2024 | 1 | $20.0M | $13.5M | 100c | 0 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1 | $20.0M | $15.8M | 100c | 0 |
| Sep 30, 2023 | 1 | $20.0M | $13.6M | 99c | 0 |
| Jun 30, 2023 | 1 | $20.0M | $13.8M | 99c | 0 |
| Mar 31, 2023 | 1 | $16.7M | $13.3M | n/a | 0 |
| Dec 31, 2022 | 1 | $33.3M | $25.8M | 197c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- Maturity extended (observed)Sep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- New borrower on a 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
- MANUFACTURINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived