DFX Intelligence
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Borrower
S••• S••••• I•• D••••• I• S•••
Diversified Capital Marketsgroup grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Also written as: Diversified
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
110¢ · 105¢ · 107¢ · 106¢Q2 2023 to Q1 2024
Where each lender marks it on the first lien term loan, 0 points apart
106¢106¢
Principal held
at least $21.9M
sum of BDC pieces, a lower bound
Fair value
$21.9M
106c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2024
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B•••••• B••• I••• | $8.22M | 106¢ | -1 pts |
| B•••••• P•••••• C••••• C••• | $8.22M | 106¢ | -1 pts |
| B•••••• C•••••• I••••••••• C••• | $5.48M | 106¢ | -1 pts |
Every BDC piece · 3 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• B••• I••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $8.2M | $8.2M 106c | PIK 9.50% |
| B•••••• P•••••• C••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $8.2M | $8.2M 106c | PIK 9.50% |
| B•••••• C•••••• I••••••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $5.5M | $5.5M 106c | PIK 9.50% |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2024 | at least $21.9M | 106c | PIK 9.50% | unstated | 3 |
| delayed draw term loan lien unstated exited Dec 31, 2023 | unknown | n/a | unstated | 3 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2024 | 3 | $21.9M | $21.9M | 106c | 3 |
| Dec 31, 2023 | 3 | $21.8M | $21.8M | 107c | 3 |
| Sep 30, 2023 | 3 | $11.5M | $11.5M | 105c | 3 |
| Jun 30, 2023 | 3 | $23.0M | $22.9M | 110c | 3 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 3 | $15.5M | $15.4M | 112c | 3 |
| Dec 31, 2022 | 3 | $15.0M | $15.0M | 108c | 3 |
| Dec 31, 2021 | 1 | $0 | $0 | n/a | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- Facility left every BDC scheduleDec 31, 2023
- Marked down (one lender)Sep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Marked down (one lender)Sep 30, 2023
Full timeline · 8 eventsShow fewer
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 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
- SOHO SQUARE DEBTCOderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Diversified Capital Marketsreportedas one filer wrote it