DFX Intelligence
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Borrower
O••• I•••••••••
Transportation: Cargogroup grade Coff every schedule since Dec 31, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2023, $11M principal held by 1 lender; matures Nov 2026.
Mark path, consensus per quarter end
101¢ · 101¢ · 100¢ · 101¢ · 100¢Q4 2022 to Q4 2023
Principal held
at least $11.0M
sum of BDC pieces, a lower bound
Fair value
$11.0M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Nov 23, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2023
Events
5
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••• C•••••• S•••••••• F••••••• I••• | $11M | 100¢ | -1 pts |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | term loan second lien S••••• L••• S••••• S•••••• L••• S••• S••••• 9.15% I••••••• R••• 14.54% M••••••• D••• 12/30 | $8.8M | $8.8M 100c | S+915 bp |
| B••• C•••••• S•••••••• F••••••• I••• | term loan first lien F•••• L••• S••••• S•••••• L••• S••• S••••• 5.15% I••••••• R••• 10.54% M••••••• D••• 11/23/ | $1.7M | $1.7M 100c | S+515 bp |
| B••• C•••••• S•••••••• F••••••• I••• | revolver first lien F•••• L••• S••••• S•••••• L••• - R••••••• P S••••• 4.00% I••••••• R••• 12.50% M••••••• D•• | $572,000 | $572,000 100c | S+400 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Dec 31, 2023 | at least $8.8M | 100c | S+915 bp | Dec 30, 2027 | 1 |
| first lien term loan first lien exited Dec 31, 2023 | at least $1.7M | 100c | S+515 bp | Nov 23, 2026 | 1 |
| first lien revolver first lien exited Dec 31, 2023 | at least $572,000 | 100c | S+400 bp | Nov 30, 2026 | 1 |
| first lien delayed draw term loan first lien exited Sep 30, 2023 | at least $504,000 | 100c | S+500 bp | Nov 23, 2026 | 1 |
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 | 1 | $11.0M | $11.0M | 100c | 0 |
| Sep 30, 2023 | 1 | $10.6M | $10.7M | 101c | 0 |
| Jun 30, 2023 | 1 | $1.7M | $1.7M | 100c | 0 |
| Mar 31, 2023 | 1 | $1.7M | $1.7M | 143c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $2.4M | $2.4M | 101c | 0 |
| Sep 30, 2022 | 1 | $1.2M | $1.2M | 100c | 0 |
| Dec 31, 2021 | 1 | $1.0M | $981,000 | 99c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleSep 30, 2023
- Maturity extended (observed)Sep 30, 2022
Full timeline · 6 eventsShow fewer
- Maturity extended (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
- O••• I•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Transportation: Cargoreportedas one filer wrote it