DFX Intelligence
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Borrower
A•••••••• I••
Internet Software and Servicesgroup grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Also written as: Inc.First Lien
Nothing material in the last 200 days. Last change: 30 Jun 2024, $15.4M principal held by 3 lenders; matures Aug 2027.
Mark path, consensus per quarter end
99¢ · 99¢ · 99¢ · 101¢ · 101¢Q2 2023 to Q2 2024
Where each lender marks it, 1 points apart
100¢101¢
Principal held
at least $15.4M
sum of BDC pieces, a lower bound
Fair value
$15.3M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
4
3 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Aug 22, 2027
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2024
Events
5
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B•••••••• T•• C•••••• C•••• | $10.7M | 101¢ | 0 pts |
| B•••••••• D••••• L•••••• C•••• | $2.59M | 100¢ | 0 pts |
| B•••••••• P•••••• C••••• F••• | $2.15M | 100¢ | 0 pts |
Every BDC piece · 7 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• T•• C•••••• C•••• | term loan first lien T••• L••• Ref S•••(Q) F•••• 1.00% S••••• 7.50% T•••• C••••• 12.85% M••••••• 8/22/2028 | $7.7M | $7.6M 101c | S+750 bp |
| B•••••••• T•• C•••••• C•••• | term loan first lien T••• L••• Ref S•••(Q) F•••• 1.00% S••••• 7.50% T•••• C••••• 12.83% M••••••• 8/22/2028 | $3.0M | $3.0M 100c | S+750 bp |
| B•••••••• D••••• L•••••• C•••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref S•••(Q) F•••• 1.00% S••••• 7.50% T•••• C••••• 12.85% M | $1.6M | $1.6M 100c | S+750 bp |
| B•••••••• D••••• L•••••• C•••• | term loan first lien I••••••••• F•••• L••• I••••••••• T••• L••• Ref S•••(Q) F•••• 1.00% S••••• 7.50% T•••• C••• | $1.0M | $1.0M 100c | S+750 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien I••••••••• F•••• L••• I••••••••• T••• L••• Ref S•••(Q) F•••• 1.00% S••••• 7.50% T•••• C••• | $841,208 | $834,478 100c | S+750 bp |
View all 7 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• P•••••• C••••• F••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref S•••(Q) F•••• 1.00% S••••• 7.50% T•••• C••••• 12.85% M | $700,040 | $694,440 100c | S+750 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien I••••••••• F•••• L••• I••••••••• T••• L••• Ref S•••(Q) F•••• 1.00% S••••• 7.50% T•••• C••• | $609,489 | $604,613 100c | S+750 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Jun 30, 2024 | at least $15.4M | 101c | S+750 bp | Aug 22, 2028 | 4 |
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, 2024 | 3 | $15.4M | $15.3M | 101c | 0 |
| Mar 31, 2024 | 3 | $11.1M | $11.0M | 101c | 0 |
| Dec 31, 2023 | 4 | $12.6M | $12.4M | 99c | 0 |
| Sep 30, 2023 | 4 | $11.1M | $10.9M | 99c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 4 | $11.1M | $10.8M | 119c | 0 |
| Mar 31, 2023 | 4 | $9.2M | $9.0M | 109c | 0 |
| Dec 31, 2022 | 4 | $13.1M | $12.9M | 100c | 0 |
What changed
- Maturity extended (observed)Jun 30, 2024
- Facility left every BDC scheduleJun 30, 2024
- Lender left a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
- Maturity extended (observed)Jun 30, 2024
Full timeline · 10 eventsShow fewer
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- returned to accrualDec 31, 2023
- non accrual placedMar 31, 2023
- New borrower on a BDC scheduleDec 31, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- ANACONDAderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived
- Industry
- Internet Software and Servicesreportedas one filer wrote it