DFX Intelligence
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Borrower
R•••• D•••••••• I••
Commercial & Professional Servicesgroup grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Jun 2024, Consensus mark 69¢ on cost, down from 94¢ a year ago, 75¢ last quarter.
Mark path, consensus per quarter end
94¢ · 94¢ · 91¢ · 75¢ · 69¢Q2 2023 to Q2 2024
Principal held
at least $26.8M
sum of BDC pieces, a lower bound
Fair value
$18.5M
69c 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 13, 2026
$13.4M inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2024
Events
8
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| T•• D••••• L•••••• V•• L•• | $26.8M | 69¢ | -6 pts |
Every BDC piece · 4 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| T•• D••••• L•••••• V•• L•• | unstated lien unstated | $13.4M | $9.3M 69c | |
| T•• D••••• L•••••• V•• L•• | term loan lien unstated A••••••••• D••• 04/16/21 T••• L••• - 12.45% (S••• + 7.00%, 1.00% F••••) % of Net Assets 1. | $12.4M | $8.6M 69c | S+700 bp |
| T•• D••••• L•••••• V•• L•• | revolver lien unstated A••••••••• D••• 04/16/21 R••••••• - 12.43% (S••• + 7.00%, 1.00% F••••) % of Net Assets 0.1 | $786,667 | $543,587 69c | S+700 bp |
| T•• D••••• L•••••• V•• L•• | term loan lien unstated A••••••••• D••• 09/29/22 I••••••••• T••• L••• - 12.45% (S••• + 7.00%, 1.00% F••••) % of Ne | $219,347 | $151,569 70c | S+700 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2024
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2024 | 1 | $26.8M | $18.5M | 69c | 0 |
| Mar 31, 2024 | 1 | $26.8M | $19.9M | 75c | 0 |
| Dec 31, 2023 | 1 | $26.2M | $23.6M | 91c | 0 |
| Sep 30, 2023 | 1 | $13.3M | $12.4M | 94c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 1 | $14.1M | $13.2M | 94c | 0 |
| Mar 31, 2023 | 1 | $14.2M | $13.7M | 97c | 0 |
| Dec 31, 2022 | 1 | $14.2M | $14.0M | 99c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- Marked down across lendersJun 30, 2024
- Marked down across lendersJun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
Full timeline · 13 eventsShow fewer
- Marked down (one lender)Jun 30, 2024
- Marked down (one lender)Jun 30, 2024
- Marked down (one lender)Jun 30, 2024
- Marked down across lendersMar 31, 2024
- Marked down across lendersMar 31, 2024
- Marked down (one lender)Mar 31, 2024
- Marked down (one lender)Mar 31, 2024
- 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
- R•••• D•••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Commercial & Professional Servicesreportedas one filer wrote it