DFX Intelligence
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Borrower
K•••• C••• H•••••••• L••
Pharmaceuticalsgroup grade Aoff every schedule since Dec 31, 2022sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2022, $36M principal held by 1 lender; matures Dec 2027.
Principal held
at least $36.0M
sum of BDC pieces, a lower bound
Fair value
$69.2M
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Dec 17, 2027
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2022
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2022, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••••• D••• S•••••••• B•• | $36M | 100¢ | new this quarter |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••••• D••• S•••••••• B•• | term loan first lien Investment T••• F•••• L••• S•••••• D••• I••••••• R••• S+650, 0.50% F•••• M••••••• D••• 12/ | $36.0M | $34.7M 100c | S+650 bp |
| A••••• D••• S•••••••• B•• | revolver first lien Investment T••• F•••• L••• S•••••• D••• - R••••••• I••••••• R••• S+650, 0.50% F•••• M••••• | Not disclosed | -$140,000 -101c | S+650 bp |
| A••••• D••• S•••••••• B•• | unstated lien unstated | Not disclosed | $34.6M 100c |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2022
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2022 | at least $36.0M | 100c | S+650 bp | Dec 17, 2028 | 1 |
| first lien revolver first lien exited Dec 31, 2022 | unknown | n/a | S+650 bp | Dec 17, 2027 | 1 |
Equity pieces beside the debt: other ($34.6M 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, 2022 | 1 | $36.0M | $34.6M | 99c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2022
- Facility left every BDC scheduleDec 31, 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
- K•••• C•••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Pharmaceuticalsreportedas one filer wrote it