DFX Intelligence
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Borrower
R••• B••••• U••••••• B•••• G•••• M•••• L••
Beverage, Food & Tobaccogroup grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2024, $43.7M principal held by 1 lender; matures Aug 2027.
Mark path, consensus per quarter end
100¢ · 101¢ · 101¢ · 101¢ · 100¢Q3 2023 to Q3 2024
Principal held
at least $43.7M
sum of BDC pieces, a lower bound
Fair value
$43.4M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Aug 13, 2027
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2024
Events
5
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | $43.7M | 100¢ | -1 pts |
Every BDC piece · 4 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | term loan first lien F•••• L••• S•••••• D••• T••• L••• S•••+635, 1.00% F•••• M••••••• D••• 08/13/27 | $28.0M | $28.0M 101c | S+635 bp |
| M••••• F•••••••• I••••••••• C••• | term loan first lien F•••• L••• S•••••• D••• T••• L••• S•••+560, 1.00% F•••• M••••••• D••• 08/13/27 | $8.8M | $8.7M 99c | S+560 bp |
| M••••• F•••••••• I••••••••• C••• | delayed draw term loan first lien F•••• L••• S•••••• D••• D•••••• D••• S•••+560, 1.00% F•••• M••••••• D••• 08/13/27 | $5.6M | $5.5M 99c | S+560 bp |
| M••••• F•••••••• I••••••••• C••• | revolver first lien F•••• L••• S•••••• D••• R••••••• S•••+635, 1.00% F•••• M••••••• D••• 08/13/27 | $1.2M | $1.2M 103c | S+635 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2024 | at least $36.8M | 101c | S+635 bp | Aug 13, 2027 | 1 |
| first lien delayed draw term loan first lien exited Sep 30, 2024 | at least $5.6M | 99c | S+560 bp | Aug 13, 2027 | 1 |
| first lien revolver first lien exited Sep 30, 2024 | at least $1.2M | 103c | S+635 bp | Aug 13, 2027 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2024 | 1 | $43.7M | $43.4M | 100c | 0 |
| Jun 30, 2024 | 1 | $41.2M | $40.9M | 101c | 0 |
| Mar 31, 2024 | 1 | $35.0M | $31.7M | 101c | 0 |
| Dec 31, 2023 | 1 | $35.1M | $31.7M | 101c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 1 | $29.5M | $25.6M | 99c | 0 |
| Jun 30, 2023 | 1 | $29.6M | $25.4M | 98c | 0 |
| Mar 31, 2023 | 1 | $29.7M | $25.9M | n/a | 0 |
| Dec 31, 2022 | 1 | $59.5M | $52.7M | 197c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Facility left every BDC scheduleSep 30, 2024
- Facility left every BDC scheduleSep 30, 2024
- Spread changed (observed)Jun 30, 2024
- New borrower on a 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
- RISE BAKING BAKED GOODSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Beverage, Food & Tobaccoreportedas one filer wrote it