DFX Intelligence
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Borrower
W•••••••• E••••••••• I••
Media: Advertising, Printing & Publishinggroup grade Aoff every schedule since Dec 31, 2021sponsor not established · possible relationship
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 100¢Q3 2021 to Q4 2021
Principal held
at least $7.0M
sum of BDC pieces, a lower bound
Fair value
$7.0M
100c on cost, debt pieces
Unfunded
$2.0M
commitments not yet drawn
BDC lenders
4
2 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Oct 2, 2024
no dated debt inside 24 months
On the tape since
Sep 30, 2021
latest Dec 31, 2021
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2021, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| C•••••• S•••••• L••••••• I••• | $7M | 100¢ | new this quarter |
| A••• C•••••• C••• | no principal filed | no cost filed | new this quarter |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C•••••• S•••••• L••••••• I••• | term loan second lien S••••• L••• | $7.0M | $7.0M 100c | S+825 bp |
| A••• C•••••• C••• | unstated lien unstated | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2021
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Dec 31, 2021 | at least $7.0M | 100c | S+825 bp | Oct 2, 2024 | 1 |
| term loan lien unstated exited Sep 30, 2021 | at least $2.2M | 101c | S+450 bp | Jul 1, 2024 | 1 |
Equity pieces beside the debt: other (Not disclosed fair value, 1 BDC)
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, 2021 | 2 | $7.0M | $7.0M | 100c | 0 |
| Sep 30, 2021 | 1 | $11.6M | $11.6M | 101c | 0 |
What changed
- New lender joined a facilityDec 31, 2021
- Facility left every BDC scheduleDec 31, 2021
- New borrower on a BDC scheduleSep 30, 2021
- Facility left every BDC scheduleSep 30, 2021
Sponsor
Possible relationship, not established: H••••• C••••••• L••, because a company of this name is on the sponsor's portfolio page (confidence 0.6). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- H••••• C••••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedhig.com"••• Locked"
Identity
- Group key
- WATCHFIREderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived
- Industry
- Media: Advertising, Printing & Publishingreportedas one filer wrote it