DFX Intelligence
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Facility
G•••••• A••••••••• C• second lien term loan
second lienoff every schedule since Dec 31, 2023Software)
Principal held
at least $191M
sum of BDC pieces, a lower bound
Fair value
$190M
101c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
S+900 bp
modal across pieces
PIK
none stated
Maturity
Jul 31, 2026
tagged by the filer
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 |
|---|---|---|---|---|---|
| G•••••• S•••• B••• I••• G•••••• S•••• A•••• M••••••••• L•• | exited · 8 pieces | $80.3M | $79.9M 102c | 900 bp | Dec 31, 2022 to Dec 31, 2023 |
| A••• C•••••• C••• A••• C•••••• M••••••••• L•• | exited · 3 pieces | $61.0M | $61.0M 100c | 900 bp | Dec 31, 2021 to Dec 31, 2023 |
| S••••• C•••••• H••••••• L•• G•••••• S•••• A•••• M••••••••• L•• | exited · 8 pieces | $49.7M | $49.5M 101c | 900 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 | $191M | 101c | 900 bp | Jul 31, 2026 | |
| Sep 30, 2023 | 3 | $126M | 101c | 900 bp | Jul 31, 2026 | |
| Jun 30, 2023 | 3 | $126M | 100c | 900 bp | Jul 31, 2026 | |
| Mar 31, 2023 | 3 | $126M | 98c | 750 bp | Jul 31, 2025 | |
| Dec 31, 2022 | 3 | $191M | 99c | 750 bp | Jul 31, 2025 | |
| Sep 30, 2022 | 1 | $61.0M | 99c | 750 bp | Jul 1, 2025 | |
| Dec 31, 2021 | 1 | $61.0M | 97c | 750 bp | Jul 1, 2025 |
What changed on this facility
position and facility grain, including routine
Order
- Effective31 Dec 2023Facility left every BDC schedule$191M
- Effective30 Jun 2023Spread changed (observed)$126M
- Effective30 Jun 2023Maturity extended (observed)$126M
- Effective31 Dec 2022New lender joined a facility2 eventsG•••••• S•••• B••• I•••: new lender joined a facility, 2 lenders, at the 31 Dec 2022 quarter end$49.7M to $80.3M
Other pieces of this borrower's structure
- first lien term loanexited Dec 31, 2023at least $31.2M
- first lien revolverexited Dec 31, 2023at least $4.8M
- equityexited Dec 31, 2023$2.4M
- otherexited Dec 31, 2023Not disclosed
How this facility is known
- Grain
- G•••••• A••••••••• C• x second 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