DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Facility
I••••••••• P•• P••••••• I••••••••• H•••••••• L•• term loan
lien unstatedoff every schedule since Mar 31, 2023
Principal held
at least $44.4M
sum of BDC pieces, a lower bound
Fair value
$24.4M
57c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
S+1000 bp
pieces from 750 bp to 1000 bp
PIK
15.25%
paid in kind, the highest piece
Maturity
Nov 20, 2023
read from the schedule's HTML table
Lenders
0 holding
2 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 |
|---|---|---|---|---|---|
| M••• S••••• C•••••• C••• M••• S••••• C•••••• C••• | exited · 4 pieces | $30.6M | $18.0M 61c | 1000 bp | Dec 31, 2021 to Mar 31, 2023 |
| M•• I••••• F•••• I••• M•• A•••••• I• L•• | exited · 3 pieces | $13.8M | $6.4M 48c | 1000 bp | Dec 31, 2022 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 | 2 | $44.4M | 57c | 1000 bp | 15.25% | Nov 20, 2023 |
| Dec 31, 2022 | 2 | $37.6M | 56c | 1000 bp | 14.42% | Nov 20, 2023 |
| Sep 30, 2022 | 1 | $25.3M | 83c | 11.26% | Nov 20, 2023 | |
| Dec 31, 2021 | 1 | $48.9M | 100c | 6.00% | Nov 20, 2023 |
What changed on this facility
position and facility grain, including routine
Order
- Effective31 Mar 2023Facility left every BDC schedule$44.4M
- Effective31 Mar 2023PIK interest increased$44.4M
- Effective31 Dec 2022PIK interest increased$37.6M
- Effective31 Dec 2022$13.8M
- Effective31 Dec 2022Marked down across lenders$37.6M
Other pieces of this borrower's structure
- first lien term loanexited Mar 31, 2023at least $16.4M
- $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 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