DFX Intelligence
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Borrower
O••••• S••••• D••••••••• H•••••••• L••
group grade Aoff 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.
Mark path, consensus per quarter end
93¢ · 89¢ · 87¢ · 104¢ · 96¢Q4 2022 to Q4 2023
Principal held
at least $43.8M
sum of BDC pieces, a lower bound
Fair value
$31.3M
96c 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
Jan 1, 2024
$43.8M inside 24 months
On the tape since
Sep 30, 2021
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 |
|---|---|---|---|
| G•••• C•••••• B••• I••• | $43.8M | 96¢ | -8 pts |
Every BDC piece · 4 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• C•••••• B••• I••• | term loan first lien One stop 1 | $27.9M | $15.3M 91c | S+1131 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 2 | $15.5M | $15.5M 100c | S+625 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 3 | $400,000 | $400,000 100c | S+625 bp |
| G•••• C•••••• B••• I••• | unstated lien unstated LLC interest | Not disclosed | $0 0c |
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 $43.8M | 96c | S+1131 bp | Jan 1, 2024 | 1 |
| other lien unstated exited Dec 31, 2023 | unknown | 0c | 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 | $43.8M | $31.3M | 96c | 0 |
| Sep 30, 2023 | 1 | $42.2M | $33.6M | 104c | 0 |
| Jun 30, 2023 | 1 | $40.7M | $33.3M | 105c | 0 |
| Mar 31, 2023 | 1 | $39.2M | $32.7M | 104c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $38.3M | $32.1M | 103c | 0 |
| Sep 30, 2022 | 1 | $36.7M | $30.3M | 102c | 0 |
| Sep 30, 2021 | 1 | $31.1M | $22.0M | 80c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- Marked down (one lender)Dec 31, 2023
- Facility left every BDC scheduleDec 31, 2023
- Maturity extended (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
Full timeline · 12 eventsShow fewer
- Maturity extended (observed)Mar 31, 2023
- Maturity extended (observed)Mar 31, 2023
- Mark recoveredSep 30, 2022
- Maturity extended (observed)Sep 30, 2022
- Spread increasedSep 30, 2022
- Maturity extended (observed)Sep 30, 2022
- New borrower on a BDC scheduleSep 30, 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
- OLIVER STREET DERMATOLOGYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived