DFX Intelligence
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Borrower
I••• T•••• L••
Information T•••nology Servicesgroup grade Aoff every schedule since Jun 30, 2023sponsor unattributed
Also written as: LLC Information; LLC Information T•••nology Services
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
104¢ · 104¢ · 104¢Q4 2022 to Q2 2023
Principal held
at least $19.6M
sum of BDC pieces, a lower bound
Fair value
$41.3M
103c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
Jul 28, 2025
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2023
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| F•••• I••••••••• C••• | $19.6M | 104¢ | 0 pts |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F•••• I••••••••• C••• | term loan first lien F•••• L••• D••• V••••••• I•••• S••••• (S+7.00%) V••••••• I•••• F•••• (1.00%) R••• C••• 12. | $19.6M | $19.6M 103c | S+700 bp PIK 1.00% |
| F•••• I••••••••• C••• | preferred equity equity P•••••••• Equity (682,075 units) Investment date 7/28/2021 | Not disclosed | $1.0M 150c | |
| F•••• I••••••••• C••• | unstated lien unstated | Not disclosed | $20.6M 105c |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Jun 30, 2023 | at least $19.6M | 103c | S+700 bp PIK 1.00% | Jul 28, 2025 | 1 |
Equity pieces beside the debt: other ($20.6M fair value, 1 BDC), preferred equity ($1.0M fair value, 1 BDC)
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, 2023 | 1 | $19.6M | $19.6M | 103c | 1 |
| Mar 31, 2023 | 1 | $19.6M | $19.6M | 103c | 1 |
| Dec 31, 2022 | 1 | $19.8M | $19.8M | 104c | 1 |
What changed
- Facility left every BDC scheduleJun 30, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- I••• T•••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Information T•••nology Servicesreportedas one filer wrote it