DFX Intelligence
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Borrower
N•• L••• H•••••• I••
group grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Also written as: Other
Nothing material in the last 200 days. Last change: 30 Sep 2023, Consensus mark 11¢ on cost, down from 100¢ in Q4 2022, 35¢ last quarter.
Mark path, consensus per quarter end
100¢ · 36¢ · 35¢ · 11¢Q4 2022 to Q3 2023
Principal held
at least $3.1M
sum of BDC pieces, a lower bound
Fair value
$329,660
11c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2023
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| V•••••• L•••••• • L•••••• I•• I••• | $1.55M | 11¢ | -24 pts |
| W•• F••• X• I••• | $1.55M | 11¢ | -24 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| V•••••• L•••••• • L•••••• I•• I••• | term loan first lien S••••• S•••••• | $1.6M | $164,830 11c | 11.50% |
| W•• F••• X• I••• | term loan first lien S••••• S•••••• | $1.6M | $164,830 11c | 11.50% |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2023 | at least $3.1M | 11c | 11.50% | unstated | 2 |
Equity pieces beside the debt: other (Not disclosed fair value, 2 BDCs)
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 2 | $3.1M | $329,660 | 11c | 0 |
| Jun 30, 2023 | 2 | $3.1M | $1.0M | 35c | 0 |
| Mar 31, 2023 | 2 | $3.0M | $1.0M | 36c | 0 |
| Dec 31, 2022 | 2 | $3.0M | $2.8M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- Marked down across lendersSep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Marked down across lendersMar 31, 2023
Full timeline · 7 eventsShow fewer
- Marked down (one lender)Mar 31, 2023
- Marked down (one lender)Mar 31, 2023
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•• L••• H•••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived