DFX Intelligence
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Facility
R••••• A••••••••• C••• second lien term loan
second lienoff every schedule since Jun 30, 2024Food Distributors
Principal held
at least $52.0M
sum of BDC pieces, a lower bound
Fair value
$52.1M
100c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+900 bp
modal across pieces
PIK
none stated
Maturity
Nov 15, 2024
tagged by the filer
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
9 quarters
Dec 31, 2021 to Jun 30, 2024
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 |
|---|---|---|---|---|---|
| B••• O•• C•••••• C••• B••• O•• C••••• A••••••• L•• | exited | $32.0M | $32.2M 101c | 900 bp | Dec 31, 2021 to Jun 30, 2024 |
| S••••• C•••••• H••••••• L•• G•••••• S•••• A•••• M••••••••• L•• | exited | $20.0M | $19.9M 100c | 900 bp | Dec 31, 2022 to Jun 30, 2024 |
Facility through time
pieces summed per quarter end across the BDCs holding it
| Quarter end | BDCs | Principal held | On cost | Spread | PIK | Maturity |
|---|---|---|---|---|---|---|
| Jun 30, 2024 | 2 | $52.0M | 100c | 900 bp | Nov 15, 2024 | |
| Mar 31, 2024 | 2 | $52.0M | 100c | 900 bp | Nov 15, 2024 | |
| Dec 31, 2023 | 2 | $72.0M | 100c | 900 bp | Nov 15, 2024 | |
| Sep 30, 2023 | 1 | $20.0M | 100c | 900 bp | Nov 15, 2024 | |
| Jun 30, 2023 | 2 | $52.0M | 99c | 900 bp | Dec 22, 2023 | |
| Mar 31, 2023 | 2 | $59.2M | 99c | 900 bp | 13.25% | Dec 22, 2023 |
| Dec 31, 2022 | 2 | $52.0M | 99c | 900 bp | Dec 22, 2023 | |
| Sep 30, 2022 | 1 | $32.0M | 98c | 900 bp | Dec 22, 2023 | |
| Dec 31, 2021 | 1 | $32.0M | 94c | 900 bp | Dec 1, 2022 |
What changed on this facility
position and facility grain, including routine
- Facility left every BDC schedule Jun 30, 2024R••••• A••••••••• C••• term loan (second lien) left every BDC schedule after 2024-06-30 (2 lenders, $52.0M last held)
- Maturity extended (observed) Sep 30, 2023R••••• A••••••••• C••• term loan: maturity moved from 2023-12-22 to 2024-11-15
- PIK interest appears Mar 31, 2023R••••• A••••••••• C••• term loan: PIK interest of 13.25% appears (was cash pay)
- New lender joined a facility Dec 31, 2022S••••• C•••••• H••••••• L•• joins R••••• A••••••••• C••• term loan (second lien) held by 1 other BDC
- Maturity extended (observed) Sep 30, 2022R••••• A••••••••• C••• term loan: maturity moved from 2022-12-01 to 2023-12-22
Other pieces of this borrower's structure
- at least $7.6M
- at least $308,000
- at least $218,000
- unsecured or subordinated subordinated debtexited Jun 30, 2024at least $8.2M
- preferred equityexited Jun 30, 2024$3.3M
- warrantsexited Jun 30, 2024$96,000
How this facility is known
- Grain
- R••••• 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