DFX Intelligence
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Facility
A••••••• B•••••••• a•• T••••••••• C•••••• L•• first lien delayed draw term loan
first lienoff every schedule since Mar 31, 2025
Principal held
at least $4.1M
sum of BDC pieces, a lower bound
Fair value
$4.1M
104c on cost
Unfunded
$141,000
pieces' unfunded commitments
Pricing
S+1200 bp
modal across pieces
PIK
2.00%
paid in kind, the highest piece
Maturity
Jun 10, 2025
html_schedule
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
11 quarters
Sep 30, 2022 to Mar 31, 2025
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••••• C•••••• I••••• P••• C••• M• A••••••• | exited · 2 pieces | $2.8M | $2.8M 104c | 1200 bp | Dec 31, 2022 to Mar 31, 2025 |
| M••••• C•••••• C••• M• A••••••• | exited · 2 pieces | $1.4M | $1.4M 104c | 1200 bp | Sep 30, 2022 to Mar 31, 2025 |
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, 2025 | 2 | $4.1M | 104c | 1200 bp | 2.00% | Jun 10, 2025 |
| Dec 31, 2024 | 2 | $9.6M | 104c | 1200 bp | 2.00% | Jun 10, 2025 |
| Sep 30, 2024 | 2 | $4.1M | 105c | 1200 bp | 2.00% | Jun 10, 2025 |
| Jun 30, 2024 | 2 | $4.1M | 108c | 1200 bp | 2.00% | Jun 10, 2025 |
| Mar 31, 2024 | 2 | $4.1M | 111c | 1200 bp | 2.00% | Jun 10, 2025 |
| Dec 31, 2023 | 2 | $11.0M | 113c | 1200 bp | 2.00% | Jun 10, 2025 |
| Sep 30, 2023 | 2 | $4.1M | 103c | 1200 bp | 2.00% | Jun 10, 2025 |
| Jun 30, 2023 | 2 | $4.6M | 103c | 1200 bp | 2.00% | Jun 10, 2025 |
| Mar 31, 2023 | 2 | $4.6M | 103c | 1200 bp | 2.00% | Jun 10, 2025 |
| Dec 31, 2022 | 2 | $6.8M | 101c | 1200 bp | 2.00% | Jun 10, 2025 |
| Sep 30, 2022 | 1 | $1.8M | 101c | 1000 bp | Jun 10, 2025 |
What changed on this facility
position and facility grain, including routine
- Facility left every BDC schedule Mar 31, 2025A••••••• B•••••••• a•• T••••••••• C•••••• L•• delayed draw (first lien) left every BDC schedule after 2025-03-31 (2 lenders, $4.1M last held)
- PIK interest appears Dec 31, 2022A••••••• B•••••••• a•• T••••••••• C•••••• L•• delayed draw: PIK interest of 2.00% appears (was cash pay)
- Spread changed (observed) Dec 31, 2022A••••••• B•••••••• a•• T••••••••• C•••••• L•• delayed draw: spread moved from 10.00% to 12.00%
- New lender joined a facility Dec 31, 2022M••••• C•••••• I••••• P••• C••• joins A••••••• B•••••••• a•• T••••••••• C•••••• L•• delayed draw (first lien) held by 1 other BDC
Other pieces of this borrower's structure
- at least $4.1M
- at least $1.5M
- delayed draw term loanexited Dec 31, 2022at least $3.4M
- revolverexited Dec 31, 2022at least $1.0M
- $0
- otherexited Dec 31, 2024n/a
- equityexited Sep 30, 2023$111,000
How this facility is known
- Grain
- A••••••• B•••••••• a•• T••••••••• C•••••• 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
- unknownsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported