DFX Intelligence
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Borrower
B• S•••••••• L••
Energygroup grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2023, Consensus mark 37¢ on cost, down from 76¢ a year ago, 71¢ last quarter.
Mark path, consensus per quarter end
76¢ · 71¢ · 78¢ · 71¢ · 37¢Q4 2022 to Q4 2023
Principal held
at least $5.1M
sum of BDC pieces, a lower bound
Fair value
$1.1M
37c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2023
Events
7
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| C••••••• C•••••• B••• I••• | $5.09M | 37¢ | -34 pts |
Every BDC piece · 1 position 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••• U••••••••• F•••• L••• - L••• Out T••• L••• I••••••• T••• S + 1200 (100 F•• | $5.1M | $1.1M 37c | S+1200 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2023 | at least $5.1M | 37c | S+1200 bp | unstated | 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, 2023 | 1 | $5.1M | $1.1M | 37c | 0 |
| Sep 30, 2023 | 1 | $5.1M | $2.0M | 71c | 0 |
| Jun 30, 2023 | 1 | $5.1M | $2.2M | 78c | 0 |
| Mar 31, 2023 | 1 | $5.1M | $2.2M | 71c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $5.1M | $2.2M | 76c | 0 |
What changed
- Marked down across lendersDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- Marked down (one lender)Dec 31, 2023
- Marked down across lendersSep 30, 2023
- Spread changed (observed)Sep 30, 2023
Full timeline · 11 eventsShow fewer
- Marked down (one lender)Sep 30, 2023
- Spread increasedSep 30, 2023
- Mark recoveredJun 30, 2023
- Marked down across lendersMar 31, 2023
- Marked down (one lender)Mar 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
- B• S•••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Energyreportedas one filer wrote it