DFX Intelligence
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Borrower
N•••• H•••••• C•••••• L••
Construction & Buildinggroup grade Aoff every schedule since Dec 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2024, $15.6M principal held by 1 lender; matures Aug 2028.
Mark path, consensus per quarter end
102¢ · 104¢ · 103¢ · 101¢ · 101¢Q4 2023 to Q4 2024
Principal held
at least $15.6M
sum of BDC pieces, a lower bound
Fair value
$16.2M
102c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
1 equity pieces beside them
Next maturity
Aug 5, 2028
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Dec 31, 2024
Events
5
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| C•••••• S•••••• L••••••• I••• | $15.6M | 101¢ | 0 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C•••••• S•••••• L••••••• I••• | term loan first lien F•••• L••• D••• | $15.6M | $15.6M 102c | S+575 bp |
| C•••••• S•••••• L••••••• I••• | unstated lien unstated | Not disclosed | $608,000 100c | S+800 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2024 | at least $15.6M | 102c | S+575 bp | Aug 5, 2028 | 1 |
| second lien revolver second lien exited Mar 31, 2023 | unknown | n/a | unstated | 1 | |
| second lien delayed draw term loan second lien exited Mar 31, 2023 | unknown | n/a | unstated | 1 |
Equity pieces beside the debt: other ($608,000 fair value, 1 BDC)
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, 2024 | 1 | $15.6M | $15.6M | 102c | 0 |
| Sep 30, 2024 | 1 | $14.1M | $14.0M | 101c | 0 |
| Jun 30, 2024 | 1 | $10.4M | $10.5M | 104c | 0 |
| Mar 31, 2024 | 1 | $10.1M | $10.3M | 104c | 0 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1 | $7.3M | $7.3M | 103c | 0 |
| Sep 30, 2023 | 1 | $6.4M | $6.4M | 102c | 0 |
| Jun 30, 2023 | 1 | $6.5M | $6.4M | 101c | 0 |
| Mar 31, 2023 | 1 | $6.4M | $6.2M | 99c | 0 |
| Sep 30, 2022 | 1 | $5.5M | $5.4M | 100c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2024
- Spread changed (observed)Sep 30, 2024
- Facility left every BDC scheduleMar 31, 2023
- Facility left every BDC scheduleMar 31, 2023
- 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
- N•••• COMAPNYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Construction & Buildingreportedas one filer wrote it