DFX Intelligence
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Borrower
I••••••••• •••••• N••••••••• I••••••••• R••• S••••• S•••••••• I••
Business Services Rate Cash/PIK 11.25%/2.00% Investment date 09/08/2018group grade Aoff every schedule since Dec 31, 2022sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Principal held
at least $15.8M
sum of BDC pieces, a lower bound
Fair value
$34.8M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
Sep 18, 2025
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2022
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2022, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| F•••• I••••••••• C••• | $15.8M | 102¢ | new this quarter |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F•••• I••••••••• C••• | term loan second lien S••••• L••• D••• I••••••• B••••••• Services R••• C•••/PIK 11.25%/2.00% Investment date 09/ | $15.8M | $15.8M 100c | PIK 2.00% |
| F•••• I••••••••• C••• | unstated lien unstated | Not disclosed | $17.4M 103c | |
| F•••• I••••••••• C••• | equity equity C••••• Equity (779 units) I••••••• B••••••• Services Investment date 9/18/2018 | Not disclosed | $1.6M 139c |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2022
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Dec 31, 2022 | at least $15.8M | 100c | PIK 2.00% | Sep 18, 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, 2022 | 1 | $15.8M | $15.8M | 100c | 1 |
What changed
- Facility left every 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
- IDENTIFIER AXIS NON CONTROL NON AFFILIATE ROAD SAFETY SERVICESderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Business Services Rate Cash/PIK 11.25%/2.00% Investment date 09/08/2018reportedas one filer wrote it