DFX Intelligence
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Facility
A••••••• M•••• 3• P•• unsecured or subordinated notes
unsecured or subordinatedoff every schedule since Dec 31, 2023Insurance
Principal held
at least $12.8M
sum of BDC pieces, a lower bound
Fair value
$12.7M
99c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
S+1150 bp
modal across pieces
PIK
none stated
Maturity
Jan 1, 2027
html_schedule
Lenders
0 holding
3 exited · 0 named on a deal
On the tape
7 quarters
Dec 31, 2021 to Dec 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 |
|---|---|---|---|---|---|
| B••• O•• C•••••• C••• B••• O•• C••••• A••••••• L•• | exited | $11.9M | $11.8M 99c | 1150 bp | Dec 31, 2021 to Dec 31, 2023 |
| B••• O•• C•••••• C••• I• B••• O•• C••••• A••••••• L•• | exited | $640,000 | $634,000 99c | 1150 bp | Dec 31, 2022 to Dec 31, 2023 |
| B••• O•• C•••••• C••• I•• B••• O•• C••••• A••••••• | exited | $256,000 | $254,000 100c | 1150 bp | Dec 31, 2022 to Dec 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 |
|---|---|---|---|---|---|---|
| Dec 31, 2023 | 3 | $12.8M | 99c | 1150 bp | Jan 1, 2027 | |
| Sep 30, 2023 | 2 | $896,000 | 98c | 1150 bp | Jan 1, 2027 | |
| Jun 30, 2023 | 3 | $12.8M | 93c | 1150 bp | Jan 1, 2027 | |
| Mar 31, 2023 | 3 | $12.8M | 92c | 1150 bp | Jan 1, 2027 | |
| Dec 31, 2022 | 3 | $12.0M | 95c | 1150 bp | Jan 1, 2027 | |
| Sep 30, 2022 | 1 | $11.2M | 99c | 1150 bp | Jan 15, 2027 | |
| Dec 31, 2021 | 1 | $10.5M | 111c | 12.75% | Jan 15, 2027 |
What changed on this facility
position and facility grain, including routine
Order
- Effective31 Dec 2023Facility left every BDC schedule$12.8M
- Effective30 Sep 2023Mark recovered$896K
- Effective31 Dec 2022New lender joined a facility2 eventsB••• O•• C•••••• C••• I••: new lender joined a facility, 2 lenders, at the 31 Dec 2022 quarter end$256K to $640K
Other pieces of this borrower's structure
- at least $44.6M
- otherexited Dec 31, 2024at least $15.0M
- unsecured or subordinated term loanexited Dec 31, 2023at least $1.4M
- unsecured or subordinated subordinated debtexited Sep 30, 2022at least $1.0M
- first lien delayed draw term loanexited Jun 30, 2024unknown
- second lien delayed draw term loanexited Jun 30, 2024unknown
- $23.2M
- preferred equityexited Dec 31, 2021$44.0M
How this facility is known
- Grain
- A••••••• M•••• 3• P•• x unsecured or subordinated notesderivedborrower group x kind x lien; tranches with different maturities sit under it
- Size
- lower bound: sum of BDC piecesderived
- Status
- performingsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported