DFX Intelligence
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Borrower
T••••••• S••••••• C••• H•••••••• L••
group grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Principal held
at least $75.4M
sum of BDC pieces, a lower bound
Fair value
$75.4M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
3
2 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
Sep 1, 2026
no dated debt inside 24 months
On the tape since
Sep 30, 2021
latest Jun 30, 2024
Events
3
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Jun 30, 2024 | at least $75.4M | 100c | S+550 bp | Sep 1, 2026 | 3 |
Equity pieces beside the debt: equity ($1.5M fair value, 2 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• C•••••• B••• I••• | term loan first lien One stop 4 | $5.5M | $5.5M 98c | S+550 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 5 | $0 | $0 0c | S+500 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 3 | $7.2M | $7.2M 100c | S+500 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 2 | $16.4M | $16.4M 100c | S+500 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 1 | $27.6M | $27.6M 100c | S+500 bp |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien One stop | $18.7M | $18.7M 100c | S+500 bp |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2024 | 2 | $75.4M | $75.4M | 100c | 0 |
| Mar 31, 2024 | 3 | $77.6M | $77.6M | 100c | 0 |
| Dec 31, 2023 | 3 | $77.6M | $76.8M | 100c | 0 |
| Sep 30, 2023 | 3 | $72.7M | $72.7M | 101c | 0 |
| Jun 30, 2023 | 2 | $54.1M | $54.1M | 101c | 0 |
| Mar 31, 2023 | 2 | $54.2M | $54.2M | 101c | 0 |
| Dec 31, 2022 | 1 | $39.1M | $38.7M | 100c | 0 |
| Sep 30, 2022 | 2 | $56.7M | $56.7M | 101c | 0 |
| Sep 30, 2021 | 1 | $21.3M | $21.3M | 101c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- Lender left a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
- Spread changed (observed)Dec 31, 2023
- Spread increasedDec 31, 2023
- Spread increasedDec 31, 2023
- Spread increasedDec 31, 2023
- New lender joined a facilitySep 30, 2023
- New borrower on a BDC scheduleSep 30, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- TROPICAL SMOOTHIE CAFEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived