DFX Intelligence
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Borrower
F•••• F•••••• F•• U• F•••• L••••••
group grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2023, Consensus mark 95¢ on cost, down from 100¢ in Q4 2022, 98¢ last quarter.
Mark path, consensus per quarter end
100¢ · 98¢ · 95¢Q4 2022 to Q3 2023
Principal held
at least $81,000
sum of BDC pieces, a lower bound
Fair value
$52,000
n/a on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Sep 30, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2023
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | $81K | 95¢ | -3 pts |
Every BDC piece · 1 position 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••• L•••• S••••• 5.50% I••••••• R••• 9.37% M••••••• D••• 9/30/2 | $81,000 | $52,000 95c | S+550 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2023 | at least $81,000 | n/a | S+550 bp | Sep 30, 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 |
|---|---|---|---|---|---|
| Sep 30, 2023 | 1 | $81,000 | $52,000 | 95c | 0 |
| Jun 30, 2023 | 1 | $81,000 | $54,000 | 98c | 0 |
| Dec 31, 2022 | 1 | $81,000 | $55,000 | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- 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
- F••• FINANCE FNZderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived