DFX Intelligence
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Facility
N•••• U••••••••• M••••••••• L•••••• first lien term loan
first lienoff every schedule since Sep 30, 2023
Principal held
at least $9.2M
sum of BDC pieces, a lower bound
Fair value
$9.2M
93c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
S+525 bp
pieces from 500 bp to 525 bp
PIK
none stated
Maturity
unstated
Lenders
0 holding
3 exited · 0 named on a deal
On the tape
6 quarters
Dec 31, 2021 to Sep 30, 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 |
|---|---|---|---|---|---|
| B•••••• P•••••• C••••• C••• B•••••• L•• | exited · 2 pieces | $4.5M | $4.5M 93c | 525 bp | Dec 31, 2022 to Sep 30, 2023 |
| B•••••• C•••••• I••••••••• C••• B•••••• L•• | exited · 2 pieces | $2.9M | $2.9M 93c | 525 bp | Dec 31, 2022 to Sep 30, 2023 |
| B•••••• B••• I••• B•••••• L•• | exited · 2 pieces | $1.8M | $1.8M 93c | 525 bp | Dec 31, 2021 to Sep 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 |
|---|---|---|---|---|---|---|
| Sep 30, 2023 | 3 | $9.2M | 93c | 500 bp | ||
| Jun 30, 2023 | 3 | $8.8M | 96c | 525 bp | ||
| Mar 31, 2023 | 3 | $8.6M | 92c | 525 bp | ||
| Dec 31, 2022 | 3 | $9.6M | 90c | 525 bp | ||
| Sep 30, 2022 | 1 | $1.4M | 83c | 525 bp | ||
| Dec 31, 2021 | 1 | $1.8M | 101c | 525 bp |
What changed on this facility
position and facility grain, including routine
Order
- Effective30 Sep 2023Facility left every BDC schedule$9.2M
- Effective31 Dec 2022Mark recovered$9.6M
- Effective31 Dec 2022New lender joined a facility2 eventsB•••••• P•••••• C••••• C•••: new lender joined a facility, 2 lenders, at the 31 Dec 2022 quarter end$2.9M to $4.5M
- Effective30 Sep 2022Marked down across lenders$1.4M
Other pieces of this borrower's structure
- revolverexited Sep 30, 2023at least $216,000
- first lien revolverexited Dec 31, 2022at least $146,000
- otherexited Dec 31, 2023Not disclosed
How this facility is known
- Grain
- N•••• U••••••••• M••••••••• L•••••• 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
- performingsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported