DFX Intelligence
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Facility
I•••••• P••••• I•• second lien term loan
second lienoff every schedule since Dec 31, 2024Insurance
Principal held
at least $18.9M
sum of BDC pieces, a lower bound
Fair value
$16.7M
96c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
SOFR+1225 bp
floor 1.00%
PIK
12.25%
paid in kind, the highest piece
Maturity
Jul 1, 2025
read from the schedule's HTML table
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
12 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 |
|---|---|---|---|---|---|
| N•• M••••••• F•••••• C••• N•• M••••••• F•••••• A•••••••• L••••• | exited · 2 pieces | $14.2M | $12.7M 99c | Dec 31, 2021 to Dec 31, 2024 | |
| C••••••• C•••••• B••• I••• C••••••• C•• A•••••••• L•• | exited · 2 pieces | $4.7M | $4.1M 87c | Dec 31, 2022 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 | 2 | $18.9M | 96c | 12.25% | Jul 1, 2025 | |
| Sep 30, 2024 | 2 | $20.7M | 107c | 12.25% | Jul 1, 2025 | |
| Jun 30, 2024 | 2 | $19.8M | 107c | 12.25% | Oct 1, 2024 | |
| Mar 31, 2024 | 2 | $19.0M | 108c | 12.25% | Oct 1, 2024 | |
| Dec 31, 2023 | 2 | $18.2M | 109c | 12.25% | Oct 1, 2024 | |
| Sep 30, 2023 | 1 | $13.1M | 100c | 12.25% | Oct 1, 2024 | |
| Jun 30, 2023 | 2 | $15.4M | 97c | 1225 bp | Oct 1, 2024 | |
| Mar 31, 2023 | 2 | $14.9M | 86c | 1225 bp | Oct 1, 2024 | |
| Dec 31, 2022 | 2 | $14.4M | 80c | 12.25% | Oct 1, 2023 | |
| Sep 30, 2022 | 1 | $11.1M | 66c | 1225 bp | Oct 30, 2023 | |
| Jun 30, 2022 | 1 | $4.8M | n/a | |||
| Dec 31, 2021 | 1 | $10.0M | 96c | 925 bp | Oct 30, 2023 |
What changed on this facility
position and facility grain, including routine
Order
- Effective31 Dec 2024Facility left every BDC schedule$18.9M
- Effective30 Sep 2024Maturity extended (observed)$20.7M
- Effective30 Sep 2023PIK interest appears$13.1M
- Effective30 Jun 2023Mark recovered$15.4M
- Effective31 Mar 2023Mark recovered$14.9M
- Effective31 Mar 2023Maturity extended (observed)$14.9M
Other pieces of this borrower's structure
- first lien term loanexited Sep 30, 2024at least $6.8M
- second lien delayed draw term loanexited Jun 30, 2023at least $380,000
- first lien delayed draw term loanexited Dec 31, 2024unknown
- equityexited Dec 31, 2024Not disclosed
How this facility is known
- Grain
- I•••••• P••••• I•• 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