DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
U••••••• B•••• G•••• M•••• L••
Packaged Foods & Meatsgroup grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Also written as: Letters of Credit; Undrawn Commitment
Principal held
at least $186M
sum of BDC pieces, a lower bound
Fair value
$195M
101c on cost, debt pieces
Unfunded
$13.5M
commitments not yet drawn
BDC lenders
13
12 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Aug 1, 2027
no dated debt inside 24 months
On the tape since
Sep 30, 2021
latest Sep 30, 2024
Events
5
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2024 | at least $180M | 101c | S+625 bp | Aug 13, 2027 | 11 |
| first lien revolver first lien exited Sep 30, 2024 | at least $6.0M | 103c | S+625 bp | Aug 13, 2027 | 5 |
| other lien unstated exited Sep 30, 2024 | unknown | 100c | S+625 bp | Aug 13, 2027 | 4 |
| revolver lien unstated exited Mar 31, 2024 | unknown | n/a | unstated | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••••• S•••••••• C••••• F••• | revolver first lien Asset T••• F•••• L••• R••••••• R•••••••• R••• and S••••• S + 6.25% I••••••• R••• F•••• 1.0 | $373,000 | $127,000 98c | S+625 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 5.50% I••••••• R••• F•••• 1. | $578,000 | $573,000 99c | S+550 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 6.25% I••••••• R••• F•••• 1. | $2.6M | $2.6M 99c | S+625 bp |
| A•••••• S•••••••• C••••• F••• | revolver first lien C••••••••• T••• R••••••• C••••••••• E••••••••• D••• 8/13/2027 | n/a | $-2,000 | |
| A••••• D••• S•••••••• B•• | unstated lien unstated | n/a | n/a | |
| B••• O•• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $79.8M | $79.8M 101c | S+625 bp |
| B••• O•• C•••••• C••• | revolver first lien F•••• lien senior secured revolving loan | $3.5M | $3.5M 104c | S+625 bp |
| B••• O•• C•••••• C••• I• | revolver first lien F•••• lien senior secured revolving loan | $700,000 | $700,000 104c | S+625 bp |
| B••• O•• C•••••• C••• I• | term loan first lien F•••• lien senior secured loan | $16.0M | $16.0M 101c | S+625 bp |
| B••• O•• C•••••• C••• I•• | revolver first lien F•••• lien senior secured revolving loan | $700,000 | $700,000 104c | S+625 bp |
| B••• O•• C•••••• C••• I•• | term loan first lien F•••• lien senior secured loan | $16.0M | $16.0M 101c | S+625 bp |
| B••• O•• C••••• I••••• C•••• | revolver first lien F•••• lien senior secured revolving loan | $700,000 | $700,000 104c | S+625 bp |
| B••• O•• C••••• I••••• C•••• | term loan first lien F•••• lien senior secured loan | $16.0M | $16.0M 101c | S+625 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 2 | $48,000 | $48,000 155c | S+625 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 1 | $9.3M | $9.3M 100c | S+625 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 3 | $1.9M | $1.9M 100c | S+550 bp |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 2 | $24,000 | $24,000 109c | S+625 bp |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 3 | $574,000 | $574,000 101c | S+550 bp |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 1 | $370,000 | $370,000 101c | S+625 bp |
| M••••• F•••••••• I••••••••• C••• | unstated lien unstated | n/a | n/a | |
| M••••• F•••••••• I••••••••• C••• | unstated lien unstated | n/a | n/a | |
| M••••• F•••••••• I••••••••• C••• | unstated lien unstated | n/a | n/a | |
| S•• P•••••• C••••• I••••• B•• L•• | term loan first lien I••••••• P••••••• F•••• & M•••• S••••• above I•••• S+625 F•••• 1.00% I••••••• R••• 11.34% | $7.8M | $7.8M 101c | S+625 bp |
| S•• I••••••••• C•••• | unstated lien unstated 8/13/27 | n/a | $8.9M 100c | S+625 bp |
| S•• I••••••••• C•••• | term loan first lien | F•••• L••• B••• D•••/S••••• S•••••• L•••• | 8/12/2021 | 8/13/2027 | $27.2M | $27.2M 102c | S+625 bp |
| S•• P•••••• C••••• B•• I• L•• | term loan first lien B••• D•••/S••••• S•••••• L•••• — 257.7% | 6/13/2024 | 8/13/2027 | $1.9M | $1.9M 100c | S+550 bp |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2024 | 12 | $186M | $186M | 101c | 0 |
| Jun 30, 2024 | 12 | $183M | $183M | 101c | 0 |
| Mar 31, 2024 | 12 | $175M | $175M | 102c | 0 |
| Dec 31, 2023 | 11 | $225M | $224M | 102c | 0 |
| Sep 30, 2023 | 10 | $80.8M | $80.8M | 102c | 0 |
| Jun 30, 2023 | 9 | $139M | $138M | 101c | 0 |
| Mar 31, 2023 | 9 | $142M | $139M | 100c | 0 |
| Dec 31, 2022 | 9 | $206M | $202M | 100c | 0 |
| Sep 30, 2022 | 4 | $98.4M | $93.8M | 97c | 0 |
| Mar 31, 2022 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2021 | 1 | $87.3M | $85.0M | 100c | 0 |
| Sep 30, 2021 | 1 | $6.7M | $6.7M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Lender left a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- Facility left every BDC scheduleSep 30, 2024
- Lender left a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- Facility left every BDC scheduleSep 30, 2024
- New lender joined a facilityJun 30, 2024
- Facility left every BDC scheduleMar 31, 2024
- New lender joined a facilityDec 31, 2023
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- Marked down (one lender)Sep 30, 2022
- New lender joined a facilityDec 31, 2021
- 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
- BAKED GOODSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 13 BDCsderived
- Industry
- Packaged Foods & Meatsreportedas one filer wrote it