DFX Intelligence
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Borrower
U• A••• U••• A••• F••••••• I••
Consumer Servicesgroup grade Aoff every schedule since Mar 31, 2023sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Principal held
at least $36.9M
sum of BDC pieces, a lower bound
Fair value
$24.5M
n/a 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
Apr 17, 2024
$33.3M inside 24 months
On the tape since
Dec 31, 2022
latest Mar 31, 2023
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | $36.9M | no cost filed | no comparable mark |
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | term loan first lien Investment T••• F•••• L••• S•••••• D••• I••••••• R••• S•••+525, 1.00% F•••• M••••••• D••• | $20.0M | $8.7M | S+525 bp |
| M••••• F•••••••• I••••••••• C••• | revolver first lien Investment T••• F•••• L••• S•••••• D••• - R••••••• I••••••• R••• S•••+600, 1.00% F•••• M•• | $13.3M | $12.3M | S+600 bp |
| M••••• F•••••••• I••••••••• C••• | term loan first lien Investment T••• F•••• L••• S•••••• D••• I••••••• R••• S•••+900, 1.00% F•••• M••••••• D••• | $3.5M | $3.5M | S+900 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2023 | at least $23.6M | n/a | S+900 bp | Apr 17, 2025 | 1 |
| first lien revolver first lien exited Mar 31, 2023 | at least $13.3M | n/a | S+600 bp | Apr 17, 2024 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 1 | $36.9M | $24.5M | n/a | 0 |
| Dec 31, 2022 | 1 | $37.0M | $15.0M | 93c | 0 |
What changed
- Spread changed (observed)Mar 31, 2023
- Facility left every BDC scheduleMar 31, 2023
- Facility left every BDC scheduleMar 31, 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
- AUTO U S AUTO FINANCEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Consumer Servicesreportedas one filer wrote it