DFX Intelligence
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Borrower
I••••••••• A•••••••• P•• L••
Industrial Products & Services Rate S+14.00%, 3.50% Floorgroup grade Aoff every schedule since Mar 31, 2025sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2025, Consensus mark 103¢ on cost, down from 104¢ a year ago, 105¢ last quarter.
Mark path, consensus per quarter end
104¢ · 103¢ · 107¢ · 105¢ · 103¢Q1 2024 to Q1 2025
Principal held
at least $6.4M
sum of BDC pieces, a lower bound
Fair value
$6.4M
103c 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
May 26, 2026
$6.4M inside 24 months
On the tape since
Dec 31, 2023
latest Mar 31, 2025
Events
5
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| S••••• P•••• S•••••••• L•••••• F••• | $6.44M | 103¢ | -2 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S••••• P•••• S•••••••• L•••••• F••• | term loan first lien 1st L•••/S•••••• L•••• I••••••••• 1st L••• T••• L••• I••••••• I••••••••• P••••••• & Servic | $6.4M | $6.4M 103c | SOFR+1400 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2025 | at least $6.4M | 103c | SOFR+1400 bp | May 26, 2026 | 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, 2025 | 1 | $6.4M | $6.4M | 103c | 0 |
| Dec 31, 2024 | 1 | $12.9M | $13.1M | 105c | 0 |
| Sep 30, 2024 | 1 | $6.4M | $6.7M | 107c | 0 |
| Jun 30, 2024 | 1 | $13.3M | $13.3M | 103c | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2024 | 1 | $14.4M | $14.3M | 104c | 0 |
| Dec 31, 2023 | 1 | $14.6M | $14.3M | 103c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2025
- Spread changed (observed)Mar 31, 2025
- Spread increasedMar 31, 2025
- Spread changed (observed)Sep 30, 2024
- Spread changed (observed)Jun 30, 2024
Full timeline · 7 eventsShow fewer
- Spread increasedJun 30, 2024
- New borrower on a BDC scheduleDec 31, 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
- I••••••••• A••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Industrial Products & Services Rate S+14.00%, 3.50% Floorreportedas one filer wrote it