DFX Intelligence
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Borrower
W•••••••• C•• 2•••••
Structured finance (CLO)group grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2024, Consensus mark 42¢ on cost, down from 65¢ a year ago, 43¢ last quarter.
Mark path, consensus per quarter end
65¢ · 55¢ · 55¢ · 43¢ · 42¢Q1 2023 to Q1 2024
Principal held
at least $1.0M
sum of BDC pieces, a lower bound
Fair value
$257,000
42c 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
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2024
Events
7
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| O•• C•••••• C••• | $1M | 42¢ | -1 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| O•• C•••••• C••• | notes unsecured or subordinated S••••••••• N•••• | $1.0M | $257,000 42c | 7.33% |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| unsecured or subordinated notes unsecured or subordinated exited Mar 31, 2024 | at least $1.0M | 42c | 7.33% | unstated | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2024 | 1 | $1.0M | $257,000 | 42c | 0 |
| Dec 31, 2023 | 1 | $3.0M | $810,000 | 43c | 0 |
| Sep 30, 2023 | 1 | $1.0M | $359,000 | 55c | 0 |
| Jun 30, 2023 | 1 | $1.0M | $368,000 | 55c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 1 | $1.0M | $439,000 | 65c | 0 |
| Dec 31, 2022 | 1 | $1.0M | $471,000 | 70c | 0 |
| Sep 30, 2022 | 1 | $1.0M | $508,000 | 78c | 0 |
| Dec 31, 2021 | 1 | $2.0M | $1.4M | 106c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- Marked down across lendersDec 31, 2023
- Marked down (one lender)Dec 31, 2023
- Marked down across lendersJun 30, 2023
- Marked down (one lender)Jun 30, 2023
Full timeline · 12 eventsShow fewer
- Marked down across lendersMar 31, 2023
- Marked down (one lender)Mar 31, 2023
- Marked down across lendersDec 31, 2022
- Marked down (one lender)Dec 31, 2022
- Marked down across lendersSep 30, 2022
- Marked down (one lender)Sep 30, 2022
- New borrower on a BDC scheduleDec 31, 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
- WELLFLEET CLO 2018 2derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Structured finance (CLO)reportedas one filer wrote it