DFX Intelligence
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Borrower
L••••••••• I••••••••• I••
group grade Aoff every schedule since Dec 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2024, $450M principal held by 2 lenders; matures Apr 2027.
Mark path, consensus per quarter end
96¢ · 96¢ · 97¢ · 98¢ · 99¢Q4 2023 to Q4 2024
Principal held
at least $450M
sum of BDC pieces, a lower bound
Fair value
$444M
99c 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
Apr 30, 2027
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2024
Events
1
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 |
|---|---|---|---|
| B••••••••• S•••••• L•••••• F••• | $248M | 100¢ | +1 pts |
| B••••••••• P•••••• C••••• F••• | $202M | 99¢ | +1 pts |
Every BDC piece · 4 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated | $124M | $123M 100c | S+550 bp |
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $124M | $123M 100c | S+550 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $101M | $99.5M 99c | S+550 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $101M | $99.5M 99c | S+550 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Dec 31, 2024 | at least $450M | 99c | S+550 bp | Apr 30, 2027 | 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, 2024 | 2 | $450M | $444M | 99c | 0 |
| Sep 30, 2024 | 2 | $225M | $220M | 98c | 0 |
| Jun 30, 2024 | 2 | $227M | $219M | 97c | 0 |
| Mar 31, 2024 | 2 | $228M | $216M | 96c | 0 |
All 11 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2023 | 2 | $231M | $219M | 96c | 0 |
| Sep 30, 2023 | 2 | $232M | $222M | 97c | 0 |
| Jun 30, 2023 | 2 | $232M | $228M | 99c | 0 |
| Mar 31, 2023 | 2 | $233M | $231M | 100c | 0 |
| Dec 31, 2022 | 2 | $233M | $231M | 100c | 0 |
| Sep 30, 2022 | 2 | $234M | $232M | 100c | 0 |
| Dec 31, 2021 | 2 | $236M | $233M | 101c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- LIVINGSTONderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived