DFX Intelligence
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Borrower
D•••••••• I••••••••• L••
group grade Aoff every schedule since Mar 31, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2023, Consensus mark 36¢ on cost, down from 82¢ in Q4 2021, 46¢ last quarter.
Mark path, consensus per quarter end
82¢ · 70¢ · 46¢ · 36¢Q4 2021 to Q1 2023
Principal held
at least $8.8M
sum of BDC pieces, a lower bound
Fair value
$3.2M
36c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jun 30, 2023
$8.8M inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2023
Events
8
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| P••••••••• I••••••••• C••• | $8.76M | 36¢ | new this quarter |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| P••••••••• I••••••••• C••• | term loan first lien F•••• L••• S•••••• D••• M••••••• 06/30/2023 M••••••••• / B•••• I••••••••• C•••••• C••••• 1 | $8.8M | $3.2M 36c | S+700 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2023 | at least $8.8M | 36c | S+700 bp | Jun 30, 2023 | 1 |
| second lien revolver second lien exited Dec 31, 2021 | unknown | n/a | 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 |
|---|---|---|---|---|---|
| Mar 31, 2023 | 1 | $8.8M | $3.2M | 36c | 0 |
| Dec 31, 2022 | 1 | $41.5M | $18.5M | 46c | 0 |
| Sep 30, 2022 | 2 | $29.5M | $20.6M | 70c | 1 |
| Dec 31, 2021 | 1 | $19.6M | $16.0M | 82c | 0 |
What changed
- Marked down across lendersMar 31, 2023
- Facility left every BDC scheduleMar 31, 2023
- Marked down (one lender)Mar 31, 2023
- Marked down across lendersDec 31, 2022
- Marked down (one lender)Dec 31, 2022
Full timeline · 13 eventsShow fewer
- Maturity extended (observed)Sep 30, 2022
- Marked down across lendersSep 30, 2022
- PIK interest appearsSep 30, 2022
- PIK interest appearsSep 30, 2022
- Marked down (one lender)Sep 30, 2022
- Maturity extended (observed)Sep 30, 2022
- New borrower on a BDC scheduleDec 31, 2021
- Facility left every 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
- D•••••••• I•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived