DFX Intelligence
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Borrower
R••••• L•• G••••• S•••••••• L••
Communications & Networkinggroup grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
103¢ · 103¢ · 100¢ · 100¢Q4 2022 to Q3 2023
Principal held
at least $85.4M
sum of BDC pieces, a lower bound
Fair value
$87.1M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Jun 1, 2024
$85.4M inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2023
Events
1
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 |
|---|---|---|---|
| H••••••• C••••••• I••• | $85.4M | 100¢ | 0 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H••••••• C••••••• I••• | term loan first lien S••••• S••••••, M••••••• D••• J••• 2024, P•••• + 4.90%, F•••• rate 8.15%, PIK I••••••• 1.2 | $85.4M | $87.1M 100c | S+490 bp PIK 1.25% |
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 $85.4M | 100c | S+490 bp PIK 1.25% | Jun 1, 2024 | 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 | $85.4M | $87.1M | 100c | 1 |
| Jun 30, 2023 | 1 | $85.1M | $86.5M | 100c | 1 |
| Mar 31, 2023 | 1 | $84.8M | $88.5M | 103c | 1 |
| Dec 31, 2022 | 1 | $84.6M | $87.9M | 103c | 1 |
What changed
- Facility left every BDC scheduleSep 30, 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
- ROCKET LAB SERVICESderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Communications & Networkingreportedas one filer wrote it