DFX Intelligence
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Borrower
D••••••••• F•••••••• G• W•••• H•••••••• I•••• L••
group grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Dec 2023, $1.23M principal held by 1 lender; matures Aug 2028.
Mark path, consensus per quarter end
100¢ · 101¢Q3 2023 to Q4 2023
Principal held
at least $1.2M
sum of BDC pieces, a lower bound
Fair value
$1.2M
101c 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
Aug 11, 2028
no dated debt inside 24 months
On the tape since
Sep 30, 2023
latest Dec 31, 2023
Events
3
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 |
|---|---|---|---|
| B•••••••• D••••• L•••••• C•••• | $1.23M | 101¢ | +1 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• D••••• L•••••• C•••• | term loan first lien F•••• L••• T••• L••• Ref S•••(M) F•••• 0.75% S••••• 6.10% T•••• C••••• 11.46% M••••••• 8/1 | $1.2M | $1.2M 101c | S+610 bp |
| B•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien F•••• L••• D•••••• D••• T••• L••• Ref S•••(M) F•••• 0.75% S••••• 6.10% T•••• C••••• 11.46% | $32,216 | $32,216 101c | S+610 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 $1.2M | 101c | S+610 bp | Aug 11, 2028 | 1 |
| first lien delayed draw term loan first lien exited Dec 31, 2023 | at least $32,216 | n/a | S+610 bp | Aug 11, 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 | $1.2M | $1.2M | 101c | 0 |
| Sep 30, 2023 | 1 | $1.2M | $1.2M | 100c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- New borrower on a BDC scheduleSep 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
- DIVERSIFIED FINANCIAL GC WAVESderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived