DFX Intelligence
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Borrower
R•••• B•••• C•••••• I••••••••• S•••••••
group grade Aoff every schedule since Mar 31, 2023sponsor unattributed
Also written as: Absorb Software
Nothing material in the last 200 days. Last change: 31 Mar 2023, $22.2K principal held by 1 lender; matures May 2027.
Principal held
at least $22,220
sum of BDC pieces, a lower bound
Fair value
Not disclosed
n/a 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 25, 2027
no dated debt inside 24 months
On the tape since
Mar 31, 2023
latest Mar 31, 2023
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | $22.2K | no cost filed | new this quarter |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• R••• 11.09% R•••••••• R••• and S••••• L + 6.25% M••• | $19,155 | Not disclosed | S+625 bp |
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• R••• 11.09% R•••••••• R••• and S••••• L + 6.25% M••• | $3,065 | Not disclosed | S+625 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2023 | at least $22,220 | n/a | S+625 bp | May 25, 2027 | 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, 2023 | 1 | $22,220 | $0 | n/a | 0 |
What changed
- New borrower on a BDC scheduleMar 31, 2023
- Facility left every BDC scheduleMar 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
- RODEO COMPANY INDUSTRYPROFESSIONAL SERVICESderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived