DFX Intelligence
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Borrower
T•••••• C•••••••• • D••••••••• M•••••• G•• P••••••• M•• H••••••• I•• C•••
group grade Aoff every schedule since Mar 31, 2025sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Principal held
at least $15.5M
sum of BDC pieces, a lower bound
Fair value
$15.2M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Mar 1, 2030
no dated debt inside 24 months
On the tape since
Mar 31, 2025
latest Mar 31, 2025
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | $15.5M | 100¢ | new this quarter |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | term loan first lien F•••• L••• S•••••• D••• - T••• L••• S•••+525, 1.00% F•••• M••••••• D••• 03/01/30 | $14.2M | $14.0M 100c | SOFR+525 bp |
| M••••• F•••••••• I••••••••• C••• | delayed draw term loan first lien F•••• L••• S•••••• D••• - D•••••• D••• S•••+525, 1.00% F•••• M••••••• D••• 03/01/30 | $961,000 | $921,000 99c | SOFR+525 bp |
| M••••• F•••••••• I••••••••• C••• | revolver first lien F•••• L••• S•••••• D••• - R••••••• S•••+525, 1.00% F•••• M••••••• D••• 03/01/30 | $340,000 | $329,000 101c | SOFR+525 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2025 | at least $14.2M | 100c | SOFR+525 bp | Mar 1, 2030 | 1 |
| first lien delayed draw term loan first lien exited Mar 31, 2025 | at least $961,000 | 99c | SOFR+525 bp | Mar 1, 2030 | 1 |
| first lien revolver first lien exited Mar 31, 2025 | at least $340,000 | 101c | SOFR+525 bp | Mar 1, 2030 | 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, 2025 | 1 | $15.5M | $15.2M | 100c | 0 |
What changed
- New borrower on a BDC scheduleMar 31, 2025
- Facility left every BDC scheduleMar 31, 2025
- Facility left every BDC scheduleMar 31, 2025
- Facility left every BDC scheduleMar 31, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- TRADING COMPANIES AND DISTRIBUTOR MERITUS GAS PARTNERS MGPderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived