DFX Intelligence
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Borrower
S••••••••• L••
Softwaregroup grade Aoff every schedule since Dec 31, 2023sponsor not established · possible relationship
Nothing material in the last 200 days. Last change: 31 Dec 2023, $44.4M principal held by 1 lender; matures Sep 2027.
Mark path, consensus per quarter end
100¢ · 102¢ · 100¢ · 101¢ · 101¢Q4 2022 to Q4 2023
Principal held
at least $44.4M
sum of BDC pieces, a lower bound
Fair value
$44.1M
101c 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 1, 2027
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2023
Events
1
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 |
|---|---|---|---|
| H••••••• C••••••• I••• | $44.4M | 101¢ | 0 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H••••••• C••••••• I••• | term loan first lien S••••• S••••••, M••••••• D••• S•••••••• 2027, 3-month S••• + 8.00%, F•••• rate 9.00% | $22.2M | $22.0M 101c | S+800 bp |
| H••••••• C••••••• I••• | term loan first lien S••••• S••••••, S•••••••• 2027, 3-month S••• + 8.00%, F•••• rate 9.00% | $22.2M | $22.0M 101c | S+800 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2023 | at least $44.4M | 101c | S+800 bp | Sep 1, 2027 | 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 | $44.4M | $44.1M | 101c | 0 |
| Sep 30, 2023 | 1 | $17.9M | $17.7M | 101c | 0 |
| Jun 30, 2023 | 1 | $17.9M | $17.6M | 100c | 0 |
| Mar 31, 2023 | 1 | $18.0M | $18.0M | 102c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $18.0M | $17.7M | 100c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
Sponsor
Possible relationship, not established: A••••••••, because a company of this name is on the sponsor's portfolio page (confidence 0.65). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- A••••••••
- the sponsor's own portfolio page lists a company of this nameestimatedaccel-kkr.com"••• Locked"
Identity
- Group key
- SALARY COMderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Softwarereportedas one filer wrote it