DFX Intelligence
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Borrower
N••••••••• I••
Health Care Equipment & Suppliesgroup grade Aoff every schedule since Jun 30, 2024sponsor not established · possible relationship
Nothing material in the last 200 days. Last change: 30 Jun 2024, $36.1M principal held by 2 lenders; matures Mar 2028.
Mark path, consensus per quarter end
103¢ · 101¢ · 100¢ · 105¢Q4 2022 to Q1 2024
Principal held
at least $36.1M
sum of BDC pieces, a lower bound
Fair value
$40.6M
112c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Mar 29, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2024
Events
5
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| S•• I••••••••• C•••• | $30.9M | 112¢ as filed, not counted | no comparable mark |
| S•• P•••••• C••••• I••••• B•• L•• | $5.24M | 111¢ as filed, not counted | no comparable mark |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S•• I••••••••• C•••• | term loan first lien | F•••• L••• L••• S•••••• S••••• S•••••• L•••• | 3/2/2020 | 3/29/2028 | $30.9M | $34.7M 112c | S+565 bp |
| S•• P•••••• C••••• I••••• B•• L•• | term loan first lien I••••••• H••••• C••• E•••••••• & S••••••• S••••• above I•••• S+565 F•••• 3.95% I••••••• R• | $5.2M | $5.9M 111c | S+565 bp |
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 $36.1M | 112c | S+565 bp | Mar 29, 2028 | 2 |
| other lien unstated exited Dec 31, 2022 | at least $3.1M | 103c | S+765 bp | Feb 28, 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 |
|---|---|---|---|---|---|
| Jun 30, 2024 | 2 | $36.1M | $40.6M | 112c | 0 |
| Mar 31, 2024 | 2 | $36.1M | $38.1M | 105c | 0 |
| Dec 31, 2023 | 2 | $67.0M | $67.0M | 100c | 0 |
| Sep 30, 2023 | 2 | $22.6M | $22.7M | 101c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 2 | $42.1M | $44.5M | 103c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- Maturity extended (observed)Sep 30, 2023
- Spread changed (observed)Sep 30, 2023
- Maturity extended (observed)Sep 30, 2023
- Maturity extended (observed)Sep 30, 2023
Full timeline · 7 eventsShow fewer
- New borrower on a BDC scheduleDec 31, 2022
- Facility left every BDC scheduleDec 31, 2022
Sponsor
Possible relationship, not established: 1••• C••••••, because a company of this name is on the sponsor's portfolio page (confidence 0.6). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- 1••• C••••••
- the sponsor's own portfolio page lists a company of this nameestimated1315capital.com"••• Locked"
- M••••• A•••• M••••••••• L•
- the sponsor's own portfolio page lists a company of this nameestimatedmadrynlp.com"••• Locked"
Identity
- Group key
- NEURONETICSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Health Care Equipment & Suppliesreportedas one filer wrote it