DFX Intelligence
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Borrower
G••••••
High Tech Industriesgroup grade Boff every schedule since Sep 30, 2024sponsor unattributed
Also written as: G•••••• T; L
Nothing material in the last 200 days. Last change: 30 Sep 2024, Non-accrual at 1 of 1 lender on the latest schedules.
Mark path, consensus per quarter end
97¢ · 97¢ · 99¢ · 98¢ · 82¢Q3 2023 to Q3 2024
Principal held
at least $27.9M
sum of BDC pieces, a lower bound
Fair value
$21.9M
82c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
Oct 15, 2025
$27.9M inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2024
Events
7
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | $28M | 82¢ | -16 pts |
Every BDC piece · 4 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 F•••• L••• S••••• S•••••• L••• S••••• 4.50% (10.00% PIK) I••••••• R••• 14.50% M••••••• D•• | $22.0M | $17.3M 82c | S+450 bp PIK 10.00% |
| B••• C•••••• S•••••••• F••••••• I••• | term loan first lien F•••• L••• S••••• S•••••• L••• S••••• 4.50% (10.00% PIK) I••••••• R••• 14.50% M••••••• D•• | $6.0M | $4.7M 82c | S+450 bp PIK 10.00% |
| B••• C•••••• S•••••••• F••••••• I••• | warrants equity W••••••• | $4.3M | $0 0c | |
| B••• C•••••• S•••••••• F••••••• I••• | unstated lien unstated A••••••••• D••• 10/15/2021 | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2024 | at least $27.9M | 82c | S+450 bp PIK 10.00% | Oct 15, 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 |
|---|---|---|---|---|---|
| Sep 30, 2024 | 1 | $27.9M | $21.9M | 82c | 2 |
| Jun 30, 2024 | 1 | $27.2M | $26.3M | 98c | 2 |
| Mar 31, 2024 | 1 | $26.6M | $25.9M | 99c | 2 |
| Dec 31, 2023 | 1 | $26.2M | $24.9M | 97c | 2 |
All 10 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 1 | $25.8M | $24.5M | 97c | 2 |
| Jun 30, 2023 | 1 | $25.5M | $24.4M | 98c | 1 |
| Mar 31, 2023 | 1 | $25.1M | $23.8M | 98c | 1 |
| Dec 31, 2022 | 1 | $39.2M | $36.4M | 96c | 2 |
| Sep 30, 2022 | 1 | $19.4M | $18.4M | 99c | 1 |
| Dec 31, 2021 | 1 | $18.9M | $18.5M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Spread changed (observed)Sep 30, 2024
- PIK interest increasedSep 30, 2024
- Marked down across lendersSep 30, 2024
- Placed on non-accrualSep 30, 2024
Full timeline · 10 eventsShow fewer
- Marked down (one lender)Sep 30, 2024
- PIK interest increasedSep 30, 2024
- PIK interest increasedJun 30, 2023
- PIK interest increasedJun 30, 2023
- Spread changed (observed)Sep 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
- GLUWAREderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- High Tech Industriesreportedas one filer wrote it