DFX Intelligence
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Facility
K•• B•••••• L•• first lien delayed draw term loan
first lienoff every schedule since Sep 30, 2024Hotels, Restaurants & Leisure
Principal held
at least $41.5M
sum of BDC pieces, a lower bound
Fair value
$41.0M
100c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+600 bp
modal across pieces
PIK
0.50%
paid in kind, the highest piece
Maturity
May 1, 2027
html_schedule
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
8 quarters
Dec 31, 2022 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 |
|---|---|---|---|---|---|
| B••• O•• C••••• I••••• C•••• B••• O•• C••••• A••••••• L•• | exited | $41.5M | $41.0M 100c | 600 bp | Dec 31, 2022 to Sep 30, 2024 |
| B••• O•• C•••••• C••• I•• B••• O•• C••••• A••••••• | exited | $653,000 | $643,000 100c | 550 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 |
|---|---|---|---|---|---|---|
| Sep 30, 2024 | 1 | $41.5M | 100c | 600 bp | 0.50% | May 1, 2027 |
| Jun 30, 2024 | 2 | $34.3M | 100c | 550 bp | May 1, 2026 | |
| Mar 31, 2024 | 2 | $34.3M | 99c | 550 bp | May 1, 2027 | |
| Dec 31, 2023 | 2 | $34.3M | 99c | 650 bp | 1.00% | May 1, 2027 |
| Sep 30, 2023 | 2 | $34.3M | 99c | 800 bp | 1.50% | Dec 1, 2023 |
| Jun 30, 2023 | 2 | $34.2M | 99c | 700 bp | 1.50% | Dec 1, 2023 |
| Mar 31, 2023 | 2 | $34.1M | 99c | 600 bp | 1.00% | Dec 1, 2023 |
| Dec 31, 2022 | 2 | $34.0M | 99c | 600 bp | 0.50% | Dec 1, 2023 |
What changed on this facility
position and facility grain, including routine
- Facility left every BDC schedule Sep 30, 2024••• Locked
- PIK interest appears Sep 30, 2024••• Locked
- Maturity extended (observed) Sep 30, 2024••• Locked
- Spread changed (observed) Mar 31, 2024••• Locked
- Maturity extended (observed) Dec 31, 2023••• Locked
- Spread changed (observed) Dec 31, 2023••• Locked
- Spread changed (observed) Sep 30, 2023••• Locked
- Spread changed (observed) Jun 30, 2023••• Locked
Other pieces of this borrower's structure
- at least $86.4M
- at least $23.2M
- delayed draw term loanexited Dec 31, 2023at least $37.0M
How this facility is known
- Grain
- K•• B•••••• L•• x first lien delayed draw 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