DFX Intelligence
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Borrower
C•••••••••
Capital Equipmentgroup grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2023, Consensus mark 103¢ on cost, up from 100¢ a year ago, 101¢ last quarter.
Mark path, consensus per quarter end
100¢ · 101¢ · 101¢ · 101¢ · 103¢Q3 2022 to Q3 2023
Principal held
at least $5.5M
sum of BDC pieces, a lower bound
Fair value
$5.6M
103c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Aug 1, 2025
$5.5M inside 24 months
On the tape since
Sep 30, 2022
latest Sep 30, 2023
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | $5.48M | 103¢ | +2 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | term loan second lien S••••• L••• S••••• S•••••• L••• S••• S••••• 6.50% (1.00% PIK) I••••••• R••• 14.89% M•••••• | $5.5M | $5.6M 103c | S+650 bp PIK 1.00% |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Sep 30, 2023 | at least $5.5M | 103c | S+650 bp PIK 1.00% | Aug 1, 2025 | 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, 2023 | 1 | $5.5M | $5.6M | 103c | 1 |
| Jun 30, 2023 | 1 | $5.4M | $5.4M | 101c | 1 |
| Mar 31, 2023 | 1 | $5.4M | $5.4M | 101c | 1 |
| Dec 31, 2022 | 1 | $10.6M | $10.5M | 101c | 2 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2022 | 1 | $5.2M | $5.1M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- PIK interest appearsDec 31, 2022
- PIK interest appearsDec 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
- CLOCKSPRINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Capital Equipmentreportedas one filer wrote it