DFX Intelligence
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Borrower
C••••••• M••••••
group grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Also written as: Inc. First and
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 100¢ · 101¢Q4 2021 to Q3 2023
Principal held
at least $2.2M
sum of BDC pieces, a lower bound
Fair value
$2.2M
101c 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
Aug 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
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 |
|---|---|---|---|
| K•••••• L•••• C•••••• C• | $2.24M | 101¢ | +1 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| K•••••• L•••• C•••••• C• | term loan second lien S••••• L••• D••• S••• S••••• 6.75% I••••••• R••• 12.24% Due 08/1/2029 | $2.2M | $2.2M 101c | S+675 bp |
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 Dec 31, 2021 | at least $10.9M | 101c | S+625 bp | Jun 3, 2027 | 1 |
| second lien term loan second lien exited Sep 30, 2023 | at least $2.2M | 101c | S+675 bp | Aug 1, 2029 | 1 |
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 | 1 | $2.2M | $2.2M | 101c | 0 |
| Jun 30, 2023 | 1 | $2.2M | $2.2M | 100c | 0 |
| Dec 31, 2021 | 1 | $10.9M | $11.0M | 101c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- 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
- C••••••• M••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived