DFX Intelligence
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Borrower
C•• A••••••••• C•••
Specialty Chemicalsgroup grade Coff every schedule since Dec 31, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2023, Non-accrual at 1 of 1 lender on the latest schedules, first placed in Q2 2023.
Mark path, consensus per quarter end
89¢ · 70¢ · 86¢ · 88¢Q1 2023 to Q4 2023
Principal held
at least $727,000
sum of BDC pieces, a lower bound
Fair value
$365,000
88c 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
Dec 29, 2028
no dated debt inside 24 months
On the tape since
Mar 31, 2023
latest Dec 31, 2023
Events
4
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 |
|---|---|---|---|
| O•••••• S•••••••• L•••••• C••• | $727K | 88¢ | +2 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| O•••••• S•••••••• L•••••• C••• | term loan second lien S••••• L••• T••• L••• | $727,000 | $365,000 88c | S+775 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| second lien term loan second lien exited Dec 31, 2023 | at least $727,000 | 88c | S+775 bp | Dec 29, 2028 | 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 | $727,000 | $365,000 | 88c | 0 |
| Sep 30, 2023 | 1 | $727,000 | $396,000 | 86c | 0 |
| Jun 30, 2023 | 1 | $727,000 | $325,000 | 70c | 0 |
| Mar 31, 2023 | 1 | $727,000 | $423,000 | 89c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- Mark recoveredSep 30, 2023
- Marked down across lendersJun 30, 2023
- Placed on non-accrualJun 30, 2023
- Marked down (one lender)Jun 30, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- C•• A•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Specialty Chemicalsreportedas one filer wrote it