DFX Intelligence
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Borrower
M••••• M••••• L••
group grade Aoff every schedule since Jun 30, 2023sponsor unattributed
Also written as: Undrawn Commitment
Nothing material in the last 200 days. Last change: 30 Jun 2023, $13.3M principal held by 2 lenders; matures Dec 2026.
Mark path, consensus per quarter end
102¢ · 101¢ · 101¢ · 101¢Q3 2022 to Q2 2023
Principal held
at least $13.3M
sum of BDC pieces, a lower bound
Fair value
$13.3M
101c on cost, debt pieces
Unfunded
$1.5M
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Dec 31, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2023
Events
5
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| W••••••••• F••••••• I••• | $13.3M | 101¢ | 0 pts |
| M••••• F•••••••• I••••••••• C••• | no principal filed | no cost filed | no comparable mark |
Every BDC piece · 4 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| W••••••••• F••••••• I••• | term loan first lien F•••• L••• S•••••• T••• L•••, F•••• 1.00%, S••••• L plus 6.00%, R••• 7.00%, Due 12/31/2026 | $13.3M | $13.3M 101c | //www.whitehorsefinance.com/20230630#London Interbank Offered Rate+600 bp |
| M••••• F•••••••• I••••••••• C••• | unstated lien unstated | Not disclosed | Not disclosed | |
| M••••• F•••••••• I••••••••• C••• | unstated lien unstated | Not disclosed | Not disclosed | |
| W••••••••• F••••••• I••• | revolver first lien F•••• L••• S•••••• R•••••••• L•••, F•••• 1.00%, S••••• L plus 6.00%, R••• 7.00%, Due 12/31 | Not disclosed | $19,000 | //www.whitehorsefinance.com/20230630#London Interbank Offered Rate+600 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Jun 30, 2023 | at least $13.3M | 101c | //www.whitehorsefinance.com/20230630#London Interbank Offered Rate+600 bp | Dec 31, 2026 | 1 |
| first lien revolver first lien exited Jun 30, 2023 | unknown | n/a | //www.whitehorsefinance.com/20230630#London Interbank Offered Rate+600 bp | Dec 31, 2026 | 1 |
Equity pieces beside the debt: other (Not disclosed fair value, 1 BDC)
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, 2023 | 2 | $13.3M | $13.3M | 101c | 0 |
| Mar 31, 2023 | 2 | $13.3M | $13.3M | 102c | 0 |
| Dec 31, 2022 | 2 | $13.4M | $13.4M | 102c | 0 |
| Sep 30, 2022 | 1 | $13.4M | $13.4M | 102c | 0 |
All 6 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2022 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2021 | 1 | $13.5M | $13.5M | 102c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2023
- Facility left every BDC scheduleJun 30, 2023
- Spread changed (observed)Mar 31, 2023
- Spread changed (observed)Dec 31, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- MEP TSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived