DFX Intelligence
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Borrower
Z••••• E••••• U••• L•••••••• H•••••••• L••
group grade Aoff every schedule since Mar 31, 2023sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 101¢ · 101¢ · 101¢Q4 2021 to Q1 2023
Where each lender marks it on the first lien term loan, 0 points apart
101¢101¢
Principal held
at least $26.8M
sum of BDC pieces, a lower bound
Fair value
$26.8M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Dec 1, 2024
$26.8M inside 24 months
On the tape since
Dec 31, 2021
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 |
|---|---|---|---|
| B••• O•• C•••••• C••• | $20.7M | 101¢ | 0 pts |
| B••• O•• C•••••• C••• I• | $6.11M | 101¢ | 0 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• O•• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $20.7M | $20.7M 101c | S+550 bp |
| B••• O•• C•••••• C••• I• | term loan first lien F•••• lien senior secured loan | $6.1M | $6.1M 101c | S+550 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 $26.8M | 101c | S+550 bp | Dec 1, 2024 | 2 |
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 | 2 | $26.8M | $26.8M | 101c | 0 |
| Dec 31, 2022 | 2 | $75.2M | $75.2M | 101c | 0 |
| Sep 30, 2022 | 1 | $64.5M | $64.5M | 101c | 0 |
| Dec 31, 2021 | 1 | $64.5M | $64.5M | 101c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2023
- New lender joined a facilityDec 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
- ZENITH ENERGY U S LOGISTICSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived