DFX Intelligence
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Borrower
T•• C••••••••• C••••••• I••
Also written as: Industrial Equipment
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 101¢Q4 2023 to Q1 2024
Principal held
unknown
sum of BDC pieces, a lower bound
Fair value
Not disclosed
n/a on cost, debt pieces
Unfunded
$0
commitments not yet drawn
BDC lenders
4
4 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Jul 18, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2024
Events
6
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A•••• C••••• B•• I••• | no principal filed | no cost filed | no comparable mark |
| B•••••• B••• I••• | no principal filed | no cost filed | no comparable mark |
| B•••••• C•••••• I••••••••• C••• | no principal filed | no cost filed | no comparable mark |
| B•••••• P•••••• C••••• C••• | no principal filed | no cost filed | no comparable mark |
Every BDC piece · 4 positions across 4 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••• C••••• B•• I••• | revolver first lien S••••• S•••••• R•••••••• L•••, M••••••• 7/18/2028 | Not disclosed | Not disclosed | SOFR+550 bp |
| B•••••• B••• I••• | revolver lien unstated R••••••• | Not disclosed | Not disclosed | |
| B•••••• C•••••• I••••••••• C••• | revolver lien unstated R••••••• | Not disclosed | Not disclosed | |
| B•••••• P•••••• C••••• C••• | revolver lien unstated R••••••• | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2024 | at least $39.8M | 102c | SOFR+550 bp | Jul 18, 2028 | 4 |
| unsecured or subordinated term loan unsecured or subordinated exited Mar 31, 2024 | at least $12.0M | 101c | PIK 12.50% | unstated | 3 |
| revolver lien unstated exited Dec 31, 2024 | unknown | n/a | unstated | 3 | |
| first lien revolver first lien exited Dec 31, 2024 | unknown | n/a | SOFR+550 bp | Jul 18, 2028 | 1 |
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, 2024 | 4 | $0 | $0 | n/a | 0 |
| Sep 30, 2024 | 4 | $0 | $0 | n/a | 0 |
| Jun 30, 2024 | 4 | $0 | $0 | n/a | 0 |
| Mar 31, 2024 | 4 | $51.8M | $51.8M | 102c | 3 |
All 11 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2023 | 4 | $85.3M | $85.1M | 102c | 5 |
| Sep 30, 2023 | 4 | $55.1M | $54.8M | 101c | 3 |
| Jun 30, 2023 | 4 | $61.2M | $60.3M | 100c | 3 |
| Mar 31, 2023 | 3 | $75.2M | $73.9M | 100c | 3 |
| Dec 31, 2022 | 4 | $76.7M | $75.3M | 100c | 3 |
| Sep 30, 2022 | 1 | $32.5M | $31.8M | 100c | 1 |
| Dec 31, 2021 | 1 | $0 | $0 | n/a | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- Facility left every BDC scheduleMar 31, 2024
- Facility left every BDC scheduleMar 31, 2024
- PIK interest increasedSep 30, 2023
Full timeline · 15 eventsShow fewer
- PIK interest increasedSep 30, 2023
- PIK interest increasedSep 30, 2023
- PIK interest increasedSep 30, 2023
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
Possible relationship, not established: G•••••• A••••••• I• L•••••, because a company of this name is on the sponsor's portfolio page (confidence 0.65). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- G•••••• A••••••• I• L•••••
- the sponsor's own portfolio page lists a company of this nameestimatedgarmark.com"••• Locked"
Identity
- Group key
- CLEAVER BROOKSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived