DFX Intelligence
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Borrower
P••••••••• P••••••• T••••••
Health Care Equipment & Servicesgroup grade Aoff every schedule since Mar 31, 2023sponsor unattributed
Nothing material in the last 200 days. Last change: 31 Mar 2023, Non-accrual at 1 of 1 lender on the latest schedules.
Mark path, consensus per quarter end
69¢ · 58¢Q4 2022 to Q1 2023
Principal held
at least $10.1M
sum of BDC pieces, a lower bound
Fair value
$5.2M
58c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
May 1, 2023
$10.1M inside 24 months
On the tape since
Dec 31, 2022
latest Mar 31, 2023
Events
4
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 |
|---|---|---|---|
| C••••••• C•••••• B••• I••• | $10.1M | 58¢ | -11 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C••••••• C•••••• B••• I••• | term loan first lien Investment T••• S••••• S•••••• F•••• L••• T••• L••• M•••••••/D••••••••• D••• 05/2023 | $10.1M | $5.2M 58c | S+1050 bp |
| C••••••• C•••••• B••• I••• | revolver first lien Investment T••• S••••• S•••••• F•••• L••• R••••••• I••••••• T••• L + 1050 (100 F••••) (inc | $41,000 | $41,000 100c | S+1050 bp PIK 4.50% |
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 $10.1M | 58c | S+1050 bp | May 1, 2023 | 1 |
| first lien revolver first lien exited Mar 31, 2023 | at least $41,000 | n/a | S+1050 bp PIK 4.50% | May 1, 2023 | 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 | $10.1M | $5.2M | 58c | 1 |
| Dec 31, 2022 | 1 | $9.7M | $6.1M | 69c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2023
- Marked down across lendersMar 31, 2023
- Facility left every BDC scheduleMar 31, 2023
- Marked down (one lender)Mar 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
- P••••••••• P••••••• T••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Health Care Equipment & Servicesreportedas one filer wrote it