DFX Intelligence
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Borrower
W•••••••• S••••••••• L••
group grade Aoff every schedule since Dec 31, 2022sponsor unattributed
Also written as: Westerns S•••••••••, LLC
Nothing material in the last 200 days. No dated change on record yet.
Principal held
at least $20.8M
sum of BDC pieces, a lower bound
Fair value
$41.7M
101c on cost, debt pieces
Unfunded
$5.4M
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Dec 23, 2024
$20.8M inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2022
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2022, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| F•••• I••••••••• C••• | $20.8M | 101¢ | new this quarter |
Every BDC piece · 6 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••• C••••••• P••••••• V••••••• I•••• S•••••/ F••••(S + 6.50%) /(1.50%) R••• C• | $9.6M | $9.6M 101c | S+650 bp |
| F•••• I••••••••• C••• | term loan first lien F•••• L••• D••• C••••••• P••••••• V••••••• I•••• S•••••/ F••••(S + 6.50%) /(1.50%) R••• C• | $9.6M | $9.6M 101c | S+650 bp |
| F•••• I••••••••• C••• | delayed draw term loan lien unstated D•••••• D••• C••••••••• ($2,702 unfunded commitment) C••••••• P••••••• V••••••• I•••• S••• | $798,000 | $798,000 101c | S+500 bp |
| F•••• I••••••••• C••• | delayed draw term loan lien unstated D•••••• D••• C••••••••• ($2,702 unfunded commitment) C••••••• P••••••• V••••••• I•••• S••• | $798,000 | $798,000 101c | S+500 bp |
| F•••• I••••••••• C••• | unstated lien unstated | Not disclosed | $10.4M 101c |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F•••• I••••••••• C••• | unstated lien unstated | Not disclosed | $10.4M 101c |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2022
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2022 | at least $19.2M | 101c | S+650 bp | Dec 23, 2024 | 1 |
| delayed draw term loan lien unstated exited Dec 31, 2022 | at least $1.6M | 101c | S+500 bp | Dec 23, 2024 | 1 |
Equity pieces beside the debt: other ($20.8M 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 |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $20.8M | $20.8M | 101c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2022
- Facility left every BDC scheduleDec 31, 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
- WESTERNS SMOKEHOUSEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 1 BDCderived