DFX Intelligence
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Borrower
F•••• I•••••••• W••••
I••••••••group grade Aoff every schedule since Sep 30, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2023, $11.3M principal held by 1 lender; matures Apr 2028.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢Q4 2022 to Q3 2023
Principal held
at least $11.3M
sum of BDC pieces, a lower bound
Fair value
$11.2M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Apr 3, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2023
Events
6
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 |
|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | $11.3M | 100¢ | 0 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• C•••••• S•••••••• F••••••• I••• | term loan first lien F•••• L••• S••••• S•••••• L••• S••• S••••• 6.00% I••••••• R••• 11.39% M••••••• D••• 4/3/20 | $11.3M | $11.2M 100c | S+600 bp |
| B••• C•••••• S•••••••• F••••••• I••• | revolver first lien F•••• L••• S••••• S•••••• L••• - R••••••• M••••••• D••• 4/3/2028 | Not disclosed | Not disclosed n/a | S+600 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 Sep 30, 2023 | at least $11.3M | 100c | S+600 bp | Apr 3, 2028 | 1 |
| first lien delayed draw term loan first lien exited Jun 30, 2023 | at least $8.2M | 100c | S+575 bp | Apr 1, 2026 | 1 |
| first lien revolver first lien exited Sep 30, 2023 | unknown | n/a | S+600 bp | Apr 3, 2028 | 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 | $11.3M | $11.2M | 100c | 0 |
| Jun 30, 2023 | 1 | $11.3M | $11.2M | 100c | 0 |
| Dec 31, 2022 | 1 | $12.0M | $11.9M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2023
- Maturity extended (observed)Sep 30, 2023
- Maturity extended (observed)Sep 30, 2023
- Facility left every BDC scheduleSep 30, 2023
- Maturity extended (observed)Sep 30, 2023
Full timeline · 8 eventsShow fewer
- Maturity extended (observed)Sep 30, 2023
- Facility left every BDC scheduleJun 30, 2023
- New borrower on a BDC scheduleDec 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
- F••• INSURANCE WORLDderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- I••••••••reportedas one filer wrote it