DFX Intelligence
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Borrower
I••••••••• S•••••••• S••••••• U•• L••
group grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2024, Consensus mark 101¢ on cost, up from 99¢ a year ago, 99¢ last quarter.
Mark path, consensus per quarter end
99¢ · 99¢ · 99¢ · 99¢ · 101¢Q3 2023 to Q3 2024
Principal held
at least $10.6M
sum of BDC pieces, a lower bound
Fair value
$10.6M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Dec 31, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2024
Events
6
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| W••••••••• F••••••• I••• | $10.6M | 101¢ | +2 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| W••••••••• F••••••• I••• | term loan first lien F•••• L••• S•••••• T••• L••• | $10.6M | $10.6M 101c | SOFR+775 bp PIK 1.00% |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2024 | at least $10.6M | 101c | SOFR+775 bp PIK 1.00% | Dec 31, 2026 | 1 |
| first lien revolver first lien exited Dec 31, 2022 | at least $674,000 | 98c | //fasb.org/us-gaap/2023#Base Rate+590 bp | Dec 31, 2026 | 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, 2024 | 1 | $10.6M | $10.6M | 101c | 1 |
| Jun 30, 2024 | 1 | $10.6M | $10.4M | 99c | 1 |
| Mar 31, 2024 | 1 | $11.7M | $11.5M | 99c | 0 |
| Dec 31, 2023 | 1 | $11.8M | $11.5M | 99c | 0 |
All 10 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 1 | $11.8M | $11.6M | 99c | 0 |
| Jun 30, 2023 | 1 | $11.8M | $11.4M | 98c | 0 |
| Mar 31, 2023 | 1 | $11.9M | $11.5M | 99c | 0 |
| Dec 31, 2022 | 1 | $12.6M | $12.2M | 99c | 0 |
| Sep 30, 2022 | 1 | $12.8M | $12.5M | 99c | 0 |
| Dec 31, 2021 | 1 | $12.0M | $11.8M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Spread changed (observed)Jun 30, 2024
- PIK interest appearsJun 30, 2024
- Spread increasedJun 30, 2024
- PIK interest appearsJun 30, 2024
Full timeline · 9 eventsShow fewer
- Spread changed (observed)Mar 31, 2023
- Spread increasedMar 31, 2023
- Facility left every BDC scheduleDec 31, 2022
- New borrower on a 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
- INDUSTRIAL SPECIALTY SERVICESderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived