DFX Intelligence
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Borrower
P••••• M••••••••• a•• C•••••••• L••
Commercial Services & Suppliesgroup grade Aoff every schedule since Jun 30, 2023sponsor unattributed
Also written as: LLC Sr Secured; OMERS PMC Investment Holdings LLC
Nothing material in the last 200 days. Last change: 30 Jun 2023, Non-accrual at 1 of 4 lenders on the latest schedules, first placed in Q1 2023.
Mark path, consensus per quarter end
98¢ · 100¢ · 100¢ · 100¢Q3 2022 to Q2 2023
Principal held
at least $7.7M
sum of BDC pieces, a lower bound
Fair value
$7.6M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
5
4 on the latest quarter
Facilities
4
2 equity pieces beside them
Next maturity
Aug 23, 2027
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Jun 30, 2023
Events
8
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B•••••••• D••••• L•••••• C•••• | $2.62M | no cost filed | no comparable mark |
| B•••••••• P•••••• C••••• F••• | $2.34M | 100¢ | 0 pts |
| B•••••••• C•••••• I••••••••• C••• | $2.19M | 101¢ | 0 pts |
| B•••••••• T•• C•••••• C•••• | $580K | 101¢ | 0 pts |
Every BDC piece · 12 positions across 4 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• D••••• L•••••• C•••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref S•••(Q) F•••• 0.75% S••••• 6.00% T•••• C••••• 11.16% M | $1.6M | $1.6M | S+600 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref S•••(Q) F•••• 0.75% S••••• 6.00% T•••• C••••• 11.16% | $1.5M | $1.4M 100c | S+600 bp |
| B•••••••• C•••••• I••••••••• C••• | term loan first lien D••• Investments | F•••• L••• T••• L••• | S••••• 6.00% | M••••••• 8/23/2028 | $1.4M | $1.3M 100c | S+600 bp |
| B•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien I••••••••• F•••• L••• D•••••• D••• T••• L••• Ref S•••(Q) F•••• 0.75% S••••• 6.00% T•••• C• | $889,302 | $870,275 | S+600 bp |
| B•••••••• P•••••• C••••• F••• | delayed draw term loan first lien I••••••••• F•••• L••• D•••••• D••• T••• L••• Ref S•••(Q) F•••• 0.75% S••••• 6.00% T•••• C• | $794,785 | $777,780 100c | S+600 bp |
View all 12 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• C•••••• I••••••••• C••• | delayed draw term loan first lien D••• Investments | F•••• L••• D•••••• D••• T••• L••• | S••••• 6.00% | M••••••• 8/23/2028 | $743,919 | $728,003 100c | S+600 bp |
| B•••••••• T•• C•••••• C•••• | term loan first lien F•••• L••• T••• L••• Ref S••• F•••• 0.75% S••••• 6.00% T•••• C••••• 11.16% M••••••• 8/23/2 | $359,781 | $353,701 100c | S+600 bp |
| B•••••••• T•• C•••••• C•••• | delayed draw term loan first lien F•••• L••• D•••••• D••• T••• L••• Ref S••• F•••• 0.75% S••••• 6.00% T•••• C••••• 11.15% M• | $196,894 | $192,681 101c | S+600 bp |
| B•••••••• D••••• L•••••• C•••• | revolver lien unstated I••••••••• Sr S•••••• R••••••• Ref P•••• F•••• 0.75% S••••• 5.00% T•••• C••••• 13.25% M••• | $106,141 | $101,683 | S+500 bp |
| B•••••••• P•••••• C••••• F••• | revolver first lien I••••••••• F•••• L••• R••••••• Ref P•••• F•••• 0.75% S••••• 5.00% T•••• C••••• 13.25% | $94,860 | $90,876 101c | S+500 bp |
| B•••••••• C•••••• I••••••••• C••• | revolver first lien D••• Investments | F•••• L••• R••••••• | P•••• | S••••• 5.00% | M••••••• 8/23/2027 | $88,789 | $85,060 101c | S+500 bp |
| B•••••••• T•• C•••••• C•••• | revolver lien unstated R••••••• Ref P•••• F•••• 0.75% S••••• 5.00% T•••• C••••• 13.25% M••••••• 8/23/2027 | $23,500 | $22,513 101c | S+500 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Jun 30, 2023 | at least $4.8M | 100c | S+600 bp | Aug 23, 2028 | 4 |
| first lien delayed draw term loan first lien exited Jun 30, 2023 | at least $2.6M | 100c | S+600 bp | Aug 23, 2028 | 4 |
| first lien revolver first lien exited Jun 30, 2023 | at least $183,649 | 101c | S+500 bp | Aug 23, 2027 | 2 |
| revolver lien unstated exited Jun 30, 2023 | at least $129,641 | n/a | S+500 bp | Aug 23, 2027 | 2 |
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, 2023 | 4 | $7.7M | $7.6M | 152c | 0 |
| Mar 31, 2023 | 5 | $10.8M | $10.7M | 132c | 0 |
| Dec 31, 2022 | 5 | $11.0M | $10.7M | 104c | 0 |
| Sep 30, 2022 | 1 | $4.9M | $4.8M | 98c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2023
- Facility left every BDC scheduleJun 30, 2023
- Facility left every BDC scheduleJun 30, 2023
- Facility left every BDC scheduleJun 30, 2023
- Placed on non-accrualMar 31, 2023
Full timeline · 11 eventsShow fewer
- Spread changed (observed)Mar 31, 2023
- New lender joined a facilityMar 31, 2023
- Spread changed (observed)Mar 31, 2023
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New borrower on a BDC scheduleSep 30, 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
- P••••• M••••••••• A•• C•••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 5 BDCsderived
- Industry
- Commercial Services & Suppliesreportedas one filer wrote it