DFX Intelligence
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Borrower
L•• H•••••••• I••
Manufacturing Rate S+6.15%, 1.00% Floorgroup grade Coff every schedule since Jun 30, 2024sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 101¢ · 100¢ · 100¢Q2 2023 to Q2 2024
Where each lender marks it on the first lien term loan, 1 point apart
100¢101¢
Principal held
at least $25.9M
sum of BDC pieces, a lower bound
Fair value
$25.2M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Apr 30, 2026
$25.9M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2024
Events
10
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| W••••••••• F••••••• I••• | $13.3M | 101¢ | 0 pts |
| S••••• P•••• S•••••••• L•••••• F••• | $12.7M | 100¢ | 0 pts |
Every BDC piece · 4 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| W••••••••• F••••••• I••• | term loan first lien F•••• L••• S•••••• T••• L••• Due 4/30/2026 | $13.3M | $13.3M 101c | SOFR+700 bp |
| S••••• P•••• S•••••••• L•••••• F••• | term loan first lien 1st L•••/S•••••• L•••• I••••••••• 1st L••• T••• L••• I••••••• M••••••••• R••• S+6.15%, 1.0 | $12.0M | $11.9M 100c | S+615 bp |
| S••••• P•••• S•••••••• L•••••• F••• | revolver first lien 1st L•••/S•••••• L•••• I••••••••• 1st L••• R••••••• I••••••• M••••••••• R••• S+6.15%, 1.00 | $690,670 | -$4,209 204c | S+615 bp |
| W••••••••• F••••••• I••• | revolver first lien F•••• L••• S•••••• R•••••••• L••• | Not disclosed | $6,000 | SOFR+700 bp |
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 $25.3M | 100c | SOFR+700 bp | Apr 30, 2026 | 2 |
| first lien revolver first lien exited Jun 30, 2024 | at least $690,670 | n/a | SOFR+700 bp | Apr 30, 2026 | 2 |
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 | $25.9M | $25.2M | 100c | 0 |
| Mar 31, 2024 | 2 | $26.0M | $25.2M | 100c | 0 |
| Dec 31, 2023 | 2 | $39.4M | $38.6M | 101c | 0 |
| Sep 30, 2023 | 1 | $13.4M | $13.2M | 100c | 0 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 1 | $13.4M | $13.2M | 100c | 0 |
| Mar 31, 2023 | 1 | $13.4M | $13.2M | 100c | 0 |
| Dec 31, 2022 | 2 | $39.1M | $38.4M | 99c | 0 |
| Sep 30, 2022 | 1 | $13.8M | $13.5M | 99c | 0 |
| Dec 31, 2021 | 1 | $13.6M | $13.4M | 100c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- Spread changed (observed)Mar 31, 2024
- Spread increasedMar 31, 2024
- Spread increasedMar 31, 2024
Full timeline · 18 eventsShow fewer
- Spread changed (observed)Dec 31, 2023
- Spread changed (observed)Mar 31, 2023
- Spread increasedMar 31, 2023
- Spread increasedMar 31, 2023
- Spread changed (observed)Mar 31, 2023
- Spread changed (observed)Dec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- Spread changed (observed)Dec 31, 2022
- Spread changed (observed)Sep 30, 2022
- Spread changed (observed)Sep 30, 2022
- Spread increasedSep 30, 2022
- Spread increasedSep 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
- LMG HOLDINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Manufacturing Rate S+6.15%, 1.00% Floorreportedas one filer wrote it