DFX Intelligence
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Borrower
R••• T•••••• O••••••••• L•• 3•• E• B••••••• A••••• M•••••••• T• 3••••
Restaurants Security 1st Lien Secured Loangroup grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
96¢ · 99¢Q4 2022 to Q1 2024
Principal held
at least $2.6M
sum of BDC pieces, a lower bound
Fair value
$3.5M
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
Feb 24, 2025
$2.6M inside 24 months
On the tape since
Dec 31, 2022
latest Mar 31, 2024
Events
1
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 |
|---|---|---|---|
| G•••• E•• C•••••• C•••• | $2.58M | 99¢ | new this quarter |
Every BDC piece · 6 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• R••••••••• S••••••• 1st L••• S•••••• L••• I••••••• R••• 1M S••• + 13.50% 14.50% F | $1.9M | $1.9M 98c | S+1350 bp PIK 6.00% |
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• R••••••••• S••••••• 1st L••• S•••••• L••• I••••••• R••• 1M S••• + 16.00% 17.25% F | $631,000 | $631,000 100c | S+1600 bp |
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• R••••••••• S••••••• 1st L••• S•••••• L••• I••••••• R••• 1M S••• | Not disclosed | Not disclosed | S+1350 bp |
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• R••••••••• S••••••• 1st L••• S•••••• L••• I••••••• R••• 3M S••• + 13.50% 14.50% F | Not disclosed | Not disclosed | S+1350 bp |
| G•••• E•• C•••••• C•••• | warrants equity I••••••• R••••••••• S••••••• W••••••• I•••••• A••••••••• D••• 02/24/2021 | Not disclosed | $922,000 |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• R••••••••• S••••••• 1st L••• S•••••• L••• I••••••• R••• 1M S••• + 16.00% | Not disclosed | Not disclosed | S+1600 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2024 | at least $2.6M | 99c | S+1600 bp PIK 6.00% | Feb 24, 2025 | 1 |
Equity pieces beside the debt: warrants ($922,000 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 |
|---|---|---|---|---|---|
| Mar 31, 2024 | 1 | $2.6M | $2.5M | 99c | 1 |
| Mar 31, 2023 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2022 | 1 | $2.3M | $2.2M | 96c | 1 |
What changed
- Facility left every BDC scheduleMar 31, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- RUBY TUESDAY OPERATIONS E BROADWAY AVENUE MARYVILLE TNderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Restaurants Security 1st Lien Secured Loanreportedas one filer wrote it