DFX Intelligence
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Borrower
C•••••
Media & Entertainmentgroup grade Aoff every schedule since Jun 30, 2023sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 99¢ · 99¢ · 99¢ · 99¢Q4 2021 to Q2 2023
Principal held
at least $22.5M
sum of BDC pieces, a lower bound
Fair value
$22.1M
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Sep 11, 2025
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2023
Events
4
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 |
|---|---|---|---|
| B•••••• B••• I••• | $18.1M | 99¢ | 0 pts |
| M••••• C•••••• C••• | $4.4M | no cost filed | new this quarter |
Every BDC piece · 4 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• B••• I••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• 2 | $11.3M | $11.1M 98c | S+625 bp |
| B•••••• B••• I••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• 1 | $6.8M | $6.7M 99c | S+625 bp |
| M••••• C•••••• C••• | term loan first lien S••••• S•••••• L••••, due 9/11/2025 | $4.2M | $4.2M | SOFR+635 bp |
| M••••• C•••••• C••• | revolver first lien R•••••••), S••••• S•••••• L••••, due 9/11/2025 | $167,000 | $92,000 | SOFR+625 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 $22.3M | 99c | SOFR+635 bp | Sep 11, 2025 | 2 |
| first lien revolver first lien exited Jun 30, 2023 | at least $167,000 | n/a | SOFR+625 bp | Sep 11, 2025 | 1 |
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 | $22.5M | $22.1M | 123c | 0 |
| Mar 31, 2023 | 1 | $18.1M | $17.8M | 99c | 0 |
| Dec 31, 2022 | 2 | $22.4M | $21.8M | 122c | 0 |
| Sep 30, 2022 | 1 | $18.2M | $17.6M | 99c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2021 | 1 | $6.9M | $6.9M | 100c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2023
- Facility left every BDC scheduleJun 30, 2023
- Spread changed (observed)Sep 30, 2022
- Spread increasedSep 30, 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
- CADENTderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Media & Entertainmentreportedas one filer wrote it