DFX Intelligence
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Borrower
S•••• C•••••••••
High Tech Industriesgroup grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Also written as: Undrawn Commitment
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
99¢ · 100¢ · 100¢ · 100¢ · 100¢Q2 2023 to Q2 2024
Where each lender marks it on the first lien term loan, 0 points apart
100¢100¢
Principal held
at least $10.7M
sum of BDC pieces, a lower bound
Fair value
$15.3M
100c on cost, debt pieces
Unfunded
$429,000
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Mar 15, 2025
$10.7M inside 24 months
On the tape since
Mar 31, 2022
latest Jun 30, 2024
Events
7
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A• P•••••• C••••• I•••••••• C••• | $6.02M | 100¢ | 0 pts |
| M••••• F•••••••• I••••••••• C••• | $4.66M | 100¢ | no comparable mark |
Every BDC piece · 7 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A• P•••••• C••••• I•••••••• C••• | term loan first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 11.70% (S + 6.25%; 1.00% | $6.0M | $6.0M 100c | S+625 bp |
| M••••• F•••••••• I••••••••• C••• | term loan first lien F•••• L••• S•••••• D••• - T••• L••• S•••+635, 1.00% F•••• M••••••• D••• 03/15/25 | $4.7M | $4.7M 100c | S+635 bp |
| A• P•••••• C••••• I•••••••• C••• | revolver first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | R••••••• | 11.70% (S + 6.25%; 1.00% F | $0 | $0 0c | S+625 bp |
| M••••• F•••••••• I••••••••• C••• | unstated lien unstated | Not disclosed | Not disclosed | |
| M••••• F•••••••• I••••••••• C••• | unstated lien unstated | Not disclosed | Not disclosed |
View all 7 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | unstated lien unstated | Not disclosed | $4.7M 100c | |
| M••••• F•••••••• I••••••••• C••• | revolver first lien F•••• L••• S•••••• D••• - R••••••• S•••+635, 1.00% F•••• M••••••• D••• 03/15/25 | Not disclosed | Not disclosed n/a | S+635 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Jun 30, 2024 | at least $10.7M | 100c | S+625 bp | Mar 15, 2025 | 2 |
| first lien revolver first lien exited Jun 30, 2024 | at least $0 | n/a | S+625 bp | Mar 15, 2025 | 2 |
Equity pieces beside the debt: other ($4.7M 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 |
|---|---|---|---|---|---|
| Jun 30, 2024 | 2 | $10.7M | $10.7M | 100c | 0 |
| Mar 31, 2024 | 2 | $6.0M | $6.0M | 100c | 0 |
| Dec 31, 2023 | 2 | $11.1M | $10.6M | 100c | 0 |
| Sep 30, 2023 | 2 | $11.7M | $11.2M | 100c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 1 | $5.4M | $4.9M | 99c | 0 |
| Mar 31, 2023 | 1 | $5.5M | $4.9M | n/a | 0 |
| Dec 31, 2022 | 2 | $24.2M | $23.3M | 128c | 0 |
| Mar 31, 2022 | 1 | $0 | $0 | n/a | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- Maturity extended (observed)Dec 31, 2023
- Spread changed (observed)Dec 31, 2023
- Spread changed (observed)Dec 31, 2023
Full timeline · 15 eventsShow fewer
- Maturity extended (observed)Dec 31, 2023
- Spread increasedDec 31, 2023
- Spread increasedDec 31, 2023
- Spread increasedDec 31, 2023
- Spread increasedDec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- New borrower on a BDC scheduleMar 31, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- SIRSIderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- High Tech Industriesreportedas one filer wrote it