DFX Intelligence
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Borrower
S• R••••••••• M••••••• T•••• 2•••••
group grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Also written as: Structured
Nothing material in the last 200 days. Last change: 31 Dec 2023, Consensus mark 108¢ on cost, up from 97¢ in Q4 2022, 104¢ last quarter.
Mark path, consensus per quarter end
97¢ · 102¢ · 104¢ · 108¢Q4 2022 to Q4 2023
Principal held
at least $201,000
sum of BDC pieces, a lower bound
Fair value
$180,000
108c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Dec 31, 2023
Events
2
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 |
|---|---|---|---|
| K•• F• I••••• T•••• | $201K | 108¢ | +4 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| K•• F• I••••• T•••• | subordinated debt unsecured or subordinated M••••••••, Real Estate Management & D••••••••• | $201,000 | $180,000 108c | 5.40% |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| unsecured or subordinated subordinated debt unsecured or subordinated exited Dec 31, 2023 | at least $201,000 | 108c | 5.40% | unstated | 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 | $201,000 | $180,000 | 108c | 0 |
| Sep 30, 2023 | 1 | $201,000 | $174,000 | 104c | 0 |
| Jun 30, 2023 | 1 | $201,000 | $171,000 | 102c | 0 |
| Dec 31, 2022 | 1 | $201,000 | $162,000 | 97c | 0 |
What changed
- Facility left every BDC scheduleDec 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
- SG RESIDENTIAL MORTGAGE TRUST 2022 2derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived