DFX Intelligence
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Borrower
P• D••••• N•• J••••• P•••••• L••
group grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2023, Consensus mark 101¢ on cost, up from 93¢ a year ago, 101¢ last quarter.
Mark path, consensus per quarter end
93¢ · 95¢ · 95¢ · 101¢ · 101¢Q4 2022 to Q4 2023
Principal held
at least $7.1M
sum of BDC pieces, a lower bound
Fair value
$7.1M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Nov 25, 2025
$7.1M inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2023
Events
19
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| W••••••••• F••••••• I••• | $7.1M | 101¢ | 0 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| W••••••••• F••••••• I••• | term loan first lien F•••• L••• S•••••• T••• L••• | $6.4M | $6.4M 101c | SOFR+750 bp PIK 2.25% |
| W••••••••• F••••••• I••• | revolver first lien F•••• L••• S•••••• R•••••••• L••• | $704,000 | $704,000 101c | //fasb.org/us-gaap/2023#Base Rate+700 bp PIK 2.25% |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2023 | at least $6.4M | 101c | SOFR+750 bp PIK 2.25% | Nov 25, 2025 | 1 |
| first lien revolver first lien exited Dec 31, 2023 | at least $704,000 | 101c | //fasb.org/us-gaap/2023#Base Rate+700 bp PIK 2.25% | Nov 25, 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 |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1 | $7.1M | $7.1M | 101c | 2 |
| Sep 30, 2023 | 1 | $7.0M | $7.0M | 101c | 2 |
| Jun 30, 2023 | 1 | $14.0M | $13.1M | 95c | 2 |
| Mar 31, 2023 | 1 | $13.9M | $13.0M | 95c | 2 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $13.8M | $12.7M | 93c | 2 |
| Sep 30, 2022 | 1 | $15.2M | $14.1M | 94c | 2 |
| Dec 31, 2021 | 1 | $16.1M | $14.8M | 94c | 2 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- Spread changed (observed)Dec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- Spread changed (observed)Dec 31, 2023
- Spread changed (observed)Sep 30, 2023
Full timeline · 29 eventsShow fewer
- PIK interest increasedSep 30, 2023
- Spread changed (observed)Sep 30, 2023
- PIK interest increasedSep 30, 2023
- Spread increasedSep 30, 2023
- Spread increasedSep 30, 2023
- PIK interest increasedSep 30, 2023
- PIK interest increasedSep 30, 2023
- Spread changed (observed)Jun 30, 2023
- Mark recoveredJun 30, 2023
- PIK interest increasedMar 31, 2023
- Spread changed (observed)Mar 31, 2023
- PIK interest increasedMar 31, 2023
- Spread changed (observed)Mar 31, 2023
- Spread increasedMar 31, 2023
- Spread increasedMar 31, 2023
- PIK interest increasedMar 31, 2023
- PIK interest increasedMar 31, 2023
- Spread changed (observed)Dec 31, 2022
- Spread changed (observed)Dec 31, 2022
- Spread changed (observed)Sep 30, 2022
- Spread changed (observed)Sep 30, 2022
- Spread increasedSep 30, 2022
- Spread increasedSep 30, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- PG DENTAL NEW JERSEYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived