DFX Intelligence
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Borrower
T••••••••• H••••••• I••
Diversified Telecommunication Servicesgroup grade Aoff every schedule since Dec 31, 2024sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 101¢ · 101¢ · 100¢Q4 2023 to Q4 2024
Where each lender marks it on the first lien term loan, 0 points apart
100¢100¢
Principal held
at least $41.0M
sum of BDC pieces, a lower bound
Fair value
$40.8M
100c 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
Mar 26, 2026
$41.0M inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2024
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A• P•••••• C••••• I•••••••• C••• | $35.5M | 100¢ | -1 pts |
| A• P•••••• L•••••• F••• | $5.5M | 100¢ | -1 pts |
Every BDC piece · 9 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A• P•••••• C••••• I•••••••• C••• | term loan first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 9.82% (S + 5.50%; 1.00% F | $8.5M | $8.5M 101c | S+550 bp |
| A• P•••••• C••••• I•••••••• C••• | term loan first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 9.82% (S + 5.50%; 1.00% F | $8.5M | $8.5M 101c | SOFR+550 bp |
| A• P•••••• C••••• I•••••••• C••• | term loan first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 10.61% (S + 5.75%; 0.50% | $4.6M | $4.6M 100c | S+575 bp |
| A• P•••••• C••••• I•••••••• C••• | term loan first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 10.58% (S + 6.25%; 0.50% | $4.6M | $4.6M 100c | S+625 bp |
| A• P•••••• C••••• I•••••••• C••• | term loan first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 10.58% (S + 6.25%; 0.50% | $4.6M | $4.6M 100c | SOFR+625 bp |
View all 9 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A• P•••••• C••••• I•••••••• C••• | term loan first lien U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 10.61% (S + 5.75%; 0.50% | $4.6M | $4.6M 100c | SOFR+575 bp |
| A• P•••••• L•••••• F••• | term loan first lien US C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 9.82% (S + 5.50%; 1.00% F•• | $2.2M | $2.2M 100c | SOFR+550 bp |
| A• P•••••• L•••••• F••• | term loan first lien US C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 10.61% (S + 5.75%; 0.50% F• | $1.8M | $1.8M 100c | SOFR+575 bp |
| A• P•••••• L•••••• F••• | term loan first lien US C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 10.61% (S + 6.25%; 0.50% F• | $1.5M | $1.5M 100c | SOFR+625 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2024 | at least $41.0M | 100c | SOFR+625 bp | Mar 26, 2026 | 2 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2024 | 2 | $41.0M | $40.8M | 100c | 0 |
| Sep 30, 2024 | 2 | $23.2M | $23.2M | 101c | 0 |
| Jun 30, 2024 | 2 | $23.2M | $23.2M | 101c | 0 |
| Mar 31, 2024 | 1 | $17.7M | $17.6M | 100c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1 | $35.7M | $35.2M | 100c | 0 |
| Sep 30, 2023 | 1 | $17.8M | $17.5M | 99c | 0 |
| Dec 31, 2022 | 1 | $18.8M | $18.2M | 97c | 0 |
What changed
- Spread changed (observed)Dec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- Spread changed (observed)Sep 30, 2024
- Spread changed (observed)Jun 30, 2024
- Spread increasedJun 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- TRANSTELCOderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Diversified Telecommunication Servicesreportedas one filer wrote it