DFX Intelligence
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Facility
M•••••••• L•••••••• L•• second lien term loan
second lienoff every schedule since Dec 31, 2024
Principal held
at least $136M
sum of BDC pieces, a lower bound
Fair value
$135M
99c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
S+750 bp
modal across pieces
PIK
none stated
Maturity
Dec 1, 2029
html_schedule
Lenders
0 holding
1 exited · 0 named on a deal
On the tape
11 quarters
Dec 31, 2021 to Dec 31, 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 |
|---|---|---|---|---|---|
| A••• C•••••• C••• A••• C•••••• M••••••••• L•• | exited · 2 pieces | $136M | $135M 99c | 750 bp | Dec 31, 2021 to Dec 31, 2024 |
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, 2024 | 1 | $136M | 99c | 750 bp | Dec 1, 2029 | |
| Sep 30, 2024 | 1 | $189M | 100c | 900 bp | Jul 1, 2025 | |
| Jun 30, 2024 | 1 | $189M | 100c | 900 bp | Jul 1, 2025 | |
| Mar 31, 2024 | 1 | $189M | 100c | 900 bp | Jul 1, 2025 | |
| Dec 31, 2023 | 1 | $177M | 100c | 900 bp | Jul 1, 2025 | |
| Sep 30, 2023 | 1 | $177M | 100c | 900 bp | Jul 1, 2025 | |
| Jun 30, 2023 | 1 | $168M | 100c | 1100 bp | 11.20% | Jul 1, 2025 |
| Mar 31, 2023 | 1 | $164M | 100c | 1100 bp | 11.20% | Jul 1, 2025 |
| Dec 31, 2022 | 1 | $159M | 100c | 1100 bp | 11.00% | Jul 1, 2025 |
| Sep 30, 2022 | 1 | $154M | 100c | 900 bp | 12.67% | Jul 1, 2023 |
| Dec 31, 2021 | 1 | $154M | 98c | 900 bp | 10.00% | Jul 1, 2023 |
What changed on this facility
position and facility grain, including routine
Order
- Effective31 Dec 2024Facility left every BDC schedule$136M
- Effective31 Dec 2024Spread changed (observed)$136M
- Effective31 Dec 2024Maturity extended (observed)$136M
- Effective30 Sep 2023Spread changed (observed)$177M
- Effective31 Dec 2022Spread changed (observed)$159M
- Effective31 Dec 2022Maturity extended (observed)$159M
Other pieces of this borrower's structure
- at least $134M
- preferred equityexited Mar 31, 2025$19.6M
- equityexited Mar 31, 2025$9.8M
How this facility is known
- Grain
- M•••••••• L•••••••• L•• 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