DFX Intelligence
Private Credit Intelligence
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Facility
A••••• C••••••••• second lien term loan
second lienoff every schedule since Mar 31, 2023Biotechnology
Principal held
at least $19.9M
sum of BDC pieces, a lower bound
Fair value
$19.9M
100c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
unstated
modal across pieces
PIK
8.00%
paid in kind, the highest piece
Maturity
Jun 1, 2029
html_schedule
Lenders
0 holding
1 exited · 0 named on a deal
On the tape
4 quarters
Dec 31, 2021 to Mar 31, 2023
Lender group
every BDC that holds or held a piece; each row is that lender's own figures
| Lender | Status | Principal | Fair value | Spread | Held |
|---|---|---|---|---|---|
| A••• C•••••• C••• A••• CAPITAL MANAGEMENT LLC | exited | $19.9M | $19.9M 100c | Dec 31, 2021 to Mar 31, 2023 |
Facility through time
pieces summed per quarter end across the BDCs holding it
| Quarter end | BDCs | Principal held | On cost | Spread | PIK | Maturity |
|---|---|---|---|---|---|---|
| Mar 31, 2023 | 1 | $19.9M | 100c | 8.00% | Jun 1, 2029 | |
| Dec 31, 2022 | 1 | $19.5M | 100c | 8.00% | ||
| Sep 30, 2022 | 1 | $77.5M | 101c | 800 bp | Jul 1, 2026 | |
| Dec 31, 2021 | 1 | $77.5M | 89c | 800 bp | Jul 1, 2026 |
What changed on this facility
position and facility grain, including routine
- Facility left every BDC schedule Mar 31, 2023A••••• C••••••••• term loan (second lien) left every BDC schedule after 2023-03-31 (1 lender, $19.9M last held)
- PIK interest appears Dec 31, 2022A••••• C••••••••• term loan: PIK interest of 8.00% appears (was cash pay)
- Mark recovered Sep 30, 2022A••••• C••••••••• term loan: marked from 89 to 101 cents on cost
Other pieces of this borrower's structure
- at least $53.9M
- at least $26.0M
- at least $9.9M
- at least $2.3M
- at least $0
- at least $0
- unknown
- n/a
- equityexited Sep 30, 2022$44.9M
How this facility is known
- Grain
- A••••• C••••••••• x second lien term loanderivedborrower group x kind x lien; tranches with different maturities sit under it
- Size
- lower bound: sum of BDC piecesderived
- Status
- unknownsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported