DFX Intelligence
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Borrower
M••••••• B••••• L••
Hotels, Restaurants and Leisuregroup grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Also written as: LLC Sr Secured
Principal held
at least $46.0M
sum of BDC pieces, a lower bound
Fair value
$44.6M
101c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
3
2 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Nov 30, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2023
latest Jun 30, 2024
Events
4
dated, non-routine
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 $46.0M | 101c | S+700 bp | Nov 30, 2029 | 3 |
| first lien revolver first lien exited Jun 30, 2024 | at least $0 | n/a | S+700 bp | Nov 30, 2029 | 2 |
| revolver lien unstated exited Jun 30, 2024 | at least $0 | n/a | S+700 bp | Nov 30, 2029 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• P•••••• C••••• F••• | term loan first lien Instrument First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.00% Total Coupon 12.45% M | $11.0M | $10.7M 100c | S+700 bp |
| B•••••••• P•••••• C••••• F••• | revolver first lien Instrument First Lien Revolver Ref SOFR(Q) Floor 1.00% Spread 7.00% Total Coupon 12.45% Ma | $0 | $-18,654 103c | S+700 bp |
| B•••••••• T•• C•••••• C•••• | term loan first lien First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.00% Total Coupon 12.45% Maturity 11/ | $35.0M | $34.0M 101c | S+700 bp |
| B•••••••• T•• C•••••• C•••• | revolver lien unstated Revolver Ref SOFR(Q) Floor 1.00% Spread 7.00% Total Coupon 12.45% Maturity 11/30/2029 | $0 | $-59,310 95c | S+700 bp |
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 | $46.0M | $44.6M | 101c | 0 |
| Mar 31, 2024 | 2 | $46.1M | $44.7M | 101c | 0 |
| Dec 31, 2023 | 3 | $46.1M | $44.6M | 100c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- Lender left a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- New borrower on a BDC scheduleDec 31, 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
- MESQUITEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Hotels, Restaurants and Leisurereportedas one filer wrote it