DFX Intelligence
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Facility
I••••••••• P•• P••••••• I••••••••• H•••••••• L•• first lien term loan
first lienoff every schedule since Mar 31, 2023
Principal held
at least $16.4M
sum of BDC pieces, a lower bound
Fair value
$10.2M
62c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
S+1000 bp
pieces from 900 bp to 1000 bp
PIK
17.00%
paid in kind, the highest piece
Maturity
Nov 20, 2023
read from the schedule's HTML table
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 |
|---|---|---|---|---|---|
| C••• I••••••••• C••• C••• I••••••••• M••••••••• L•• | exited · 7 pieces | $16.4M | $10.2M 62c | 1000 bp | 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 | $16.4M | 62c | 900 bp | 17.00% | Nov 20, 2023 |
| Dec 31, 2022 | 1 | $25.3M | 94c | 1000 bp | 14.42% | Nov 20, 2023 |
| Sep 30, 2022 | 1 | $13.2M | 94c | 550 bp | Nov 20, 2023 | |
| Dec 31, 2021 | 1 | $12.6M | 91c | 50000 bp | Nov 20, 2023 |
What changed on this facility
position and facility grain, including routine
Order
- Effective31 Mar 2023Spread changed (observed)$16.4M
- Effective31 Mar 2023Facility left every BDC schedule$16.4M
- Effective31 Mar 2023PIK interest increased$16.4M
- Effective31 Mar 2023Marked down across lenders$16.4M
- Effective31 Dec 2022PIK interest appears$25.3M
- Effective31 Dec 2022Spread changed (observed)$25.3M
Other pieces of this borrower's structure
- term loanexited Mar 31, 2023at least $44.4M
- $25.7M
- warrantsexited Mar 31, 2023$0
- preferred equityexited Dec 31, 2024$117,000
- otherexited Sep 30, 2022$0
How this facility is known
- Grain
- I••••••••• P•• P••••••• I••••••••• H•••••••• L•• x first 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