DFX Intelligence
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Facility
I•••••• P••••• I•• first lien term loan
first lienoff every schedule since Sep 30, 2024Insurance
Principal held
at least $6.8M
sum of BDC pieces, a lower bound
Fair value
$6.8M
100c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
SOFR+1225 bp
floor 1.00%
PIK
12.25%
paid in kind, the highest piece
Maturity
May 8, 2025
tagged by the filer
Lenders
0 holding
4 exited · 0 named on a deal
On the tape
10 quarters
Dec 31, 2021 to Sep 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 |
|---|---|---|---|---|---|
| N•• M••••••• F•••••• C••• N•• M••••••• F•••••• A•••••••• L••••• | exited · 2 pieces | $5.4M | $5.4M 100c | Dec 31, 2021 to Sep 30, 2024 | |
| C••••••• C•••••• B••• I••• C••••••• C•• A•••••••• L•• | exited | $680,000 | $680,000 100c | Dec 31, 2022 to Sep 30, 2024 | |
| C•••••• S•••••••• C••• C•••••• S•••••••• C••• | exited | $431,000 | $431,000 100c | 1225 bp | Jun 30, 2024 to Sep 30, 2024 |
| A•••• C••••• B•• I••• | exited | $258,377 | $258,377 100c | 1225 bp | Dec 31, 2022 to Sep 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 |
|---|---|---|---|---|---|---|
| Sep 30, 2024 | 4 | $6.8M | 100c | 1225 bp | 12.25% | May 8, 2025 |
| Jun 30, 2024 | 4 | $6.5M | 100c | 1225 bp | 12.25% | May 8, 2025 |
| Mar 31, 2024 | 3 | $6.0M | 100c | 12.25% | Oct 30, 2024 | |
| Dec 31, 2023 | 3 | $6.1M | 100c | 1225 bp | 12.25% | Oct 30, 2024 |
| Sep 30, 2023 | 3 | $10.1M | 111c | -1225 bp | 12.25% | Oct 30, 2024 |
| Jun 30, 2023 | 3 | $5.6M | 100c | 1225 bp | Oct 30, 2024 | |
| Mar 31, 2023 | 2 | $5.3M | 101c | 1225 bp | 10.25% | May 1, 2023 |
| Dec 31, 2022 | 3 | $5.8M | 101c | 12.25% | Oct 30, 2024 | |
| Sep 30, 2022 | 1 | $4.8M | 100c | 10.25% | May 8, 2023 | |
| Dec 31, 2021 | 1 | $40.7M | 98c | 575 bp | Oct 31, 2022 |
What changed on this facility
position and facility grain, including routine
Order
- Effective30 Sep 2024Facility left every BDC schedule$6.8M
- Effective30 Jun 2024Maturity extended (observed)$6.5M
- Effective31 Dec 2023Spread changed (observed)$6.1M
- Effective30 Sep 2023PIK interest appears$10.1M
- Effective30 Sep 2023Spread changed (observed)$10.1M
- Effective30 Jun 2023Maturity extended (observed)$5.6M
Other pieces of this borrower's structure
- second lien term loanexited Dec 31, 2024at least $18.9M
- second lien delayed draw term loanexited Jun 30, 2023at least $380,000
- first lien delayed draw term loanexited Dec 31, 2024unknown
- equityexited Dec 31, 2024Not disclosed
How this facility is known
- Grain
- I•••••• P••••• I•• 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
- performingsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported