DFX Intelligence
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Borrower
M••• L••• L••
Food, Beverage & Tobaccogroup grade Aoff every schedule since Dec 31, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2024, Non-accrual at 1 of 1 lender on the latest schedules.
Mark path, consensus per quarter end
97¢ · 97¢ · 94¢ · 90¢ · 60¢Q4 2023 to Q4 2024
Principal held
at least $7.6M
sum of BDC pieces, a lower bound
Fair value
$3.6M
60c 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
Jan 31, 2025
$7.6M inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2024
Events
14
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| C••••••• C•••••• B••• I••• | $7.61M | 60¢ | -30 pts |
Every BDC piece · 7 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C••••••• C•••••• B••• I••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• T••• L••• M••••••• / D••••••••• D••• 01/2025 | $1.7M | Not disclosed n/a | |
| C••••••• C•••••• B••• I••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• T••• L••• M•••••••/ D••••••••• D••• 01/2025 | $1.7M | $1.0M 61c | |
| C••••••• C•••••• B••• I••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• T••• L••• M••••••• / D••••••••• D••• 10/2025 | $1.7M | $1.0M 61c | |
| C••••••• C•••••• B••• I••• | revolver first lien Investment T••• S••••• S•••••• F•••• L••• R••••••• M••••••• / D••••••••• D••• 10/2025 | $850,000 | $498,000 59c | |
| C••••••• C•••••• B••• I••• | revolver first lien Investment T••• S••••• S•••••• F•••• L••• R••••••• M•••••••/ D••••••••• D••• 01/2025 | $850,000 | $498,000 59c |
View all 7 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C••••••• C•••••• B••• I••• | revolver first lien Investment T••• S••••• S•••••• F•••• L••• R••••••• M••••••• / D••••••••• D••• 01/2025 | $850,000 | $498,000 59c | |
| C••••••• C•••••• B••• I••• | revolver first lien Investment T••• R••••••• C••••••••• E••••••••• D••• 1/31/2025 | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2024 | at least $5.1M | 61c | Jan 31, 2025 | 1 | |
| first lien revolver first lien exited Dec 31, 2024 | at least $2.5M | 59c | Jan 31, 2025 | 1 |
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, 2024 | 1 | $7.6M | $3.6M | 47c | 0 |
| Sep 30, 2024 | 1 | $2.5M | $2.3M | 90c | 0 |
| Jun 30, 2024 | 1 | $2.5M | $2.4M | 94c | 0 |
| Mar 31, 2024 | 1 | $2.5M | $2.5M | 97c | 0 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1 | $2.6M | $2.5M | 97c | 0 |
| Sep 30, 2023 | 1 | $2.4M | $2.3M | 98c | 0 |
| Jun 30, 2023 | 1 | $2.4M | $2.3M | 97c | 0 |
| Mar 31, 2023 | 1 | $2.4M | $2.3M | 97c | 0 |
| Dec 31, 2022 | 1 | $2.7M | $2.6M | 98c | 0 |
What changed
- Placed on non-accrualDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- Marked down across lendersDec 31, 2024
- Marked down across lendersDec 31, 2024
Full timeline · 20 eventsShow fewer
- Facility left every BDC scheduleDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Spread changed (observed)Jun 30, 2024
- Spread changed (observed)Jun 30, 2024
- Spread changed (observed)Mar 31, 2024
- Spread changed (observed)Mar 31, 2024
- Spread increasedMar 31, 2024
- Spread increasedMar 31, 2024
- Spread changed (observed)Jun 30, 2023
- Spread changed (observed)Jun 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
- M••• L•••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Food, Beverage & Tobaccoreportedas one filer wrote it