DFX Intelligence
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Facility
C•••••• T•••••• I•• first lien term loan
first lienoff every schedule since Dec 31, 2023Services: Business
Principal held
at least $13.8M
sum of BDC pieces, a lower bound
Fair value
$12.5M
93c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
SOFR+660 bp
modal across pieces
PIK
none stated
Maturity
Dec 18, 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 |
|---|---|---|---|---|---|
| R•••••• E••••••• I••••• F•••• L• R•••••• C•••••• M••••••••• L•• | exited | $13.8M | $12.5M 93c | 660 bp | Sep 30, 2023 to Dec 31, 2023 |
| B•••••• B••• I••• B•••••• L•• | exited | $6.0M | $3.3M 57c | Dec 31, 2021 to Jun 30, 2023 | |
| B•••••• C•••••• I••••••••• C••• B•••••• L•• | exited | $2.9M | $1.6M 58c | Dec 31, 2022 to Jun 30, 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 | 1 | $13.8M | 93c | 660 bp | Dec 18, 2026 | |
| Sep 30, 2023 | 1 | $1.7M | 100c | 15.00% | Dec 18, 2026 | |
| Jun 30, 2023 | 2 | $8.9M | 58c | |||
| Mar 31, 2023 | 2 | $8.9M | 83c | |||
| Dec 31, 2022 | 2 | $11.8M | 90c | |||
| Sep 30, 2022 | 1 | $6.0M | 91c | |||
| Dec 31, 2021 | 1 | $6.0M | 109c |
What changed on this facility
position and facility grain, including routine
Order
- Effective31 Dec 2023Marked down across lenders$13.8M
- Effective31 Dec 2023Facility left every BDC schedule$13.8M
- Effective30 Sep 2023Mark recovered$1.7M
- Effective30 Sep 2023$13.8M
- Effective30 Jun 2023Marked down across lenders$8.9M
- Effective31 Mar 2023Marked down across lenders$8.9M
Other pieces of this borrower's structure
- notesexited Sep 30, 2023at least $11.3M
- second lien term loanexited Jun 30, 2025at least $3.0M
- equityexited Jun 30, 2025Not disclosed
- preferred equityexited Jun 30, 2025$596,000
How this facility is known
- Grain
- C•••••• T•••••• I•• x first lien 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