DFX Intelligence
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Facility
E•••••• H••• H•••••• L•• first lien term loan
first lienoff every schedule since Sep 30, 2023H••• H••••• Care Services IR 18.00% PIK Initial AD 10/25/2018 Mty 10/1/2026sponsor W• G••••• P••••••• L•• carried
Principal held
at least $5.4M
sum of BDC pieces, a lower bound
Fair value
$4.3M
81c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+950 bp
modal across pieces
PIK
2.25%
paid in kind, the highest piece
Maturity
unstated
Lenders
0 holding
2 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 |
|---|---|---|---|---|---|
| O•• C•••••• C••• OFS Advisor | exited | $4.3M | $3.4M 81c | 950 bp | Dec 31, 2021 to Sep 30, 2023 |
| H•••••• P••• C•••••••• I•••••• I••• OFS Advisor | exited | $1.0M | $810,234 81c | 950 bp | Dec 31, 2022 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 | 2 | $5.4M | 81c | 950 bp | 2.25% | |
| Jun 30, 2023 | 2 | $5.3M | 91c | 950 bp | 2.25% | |
| Mar 31, 2023 | 2 | $5.3M | 99c | 950 bp | 2.25% | |
| Dec 31, 2022 | 2 | $5.3M | 95c | 950 bp | 1.25% | |
| Sep 30, 2022 | 1 | $4.3M | 97c | 950 bp | 0.75% | |
| Dec 31, 2021 | 1 | $8.5M | 102c | 950 bp |
What changed on this facility
position and facility grain, including routine
- Facility left every BDC schedule Sep 30, 2023E•••••• H••• H•••••• L•• term loan (first lien) left every BDC schedule after 2023-09-30 (2 lenders, $5.4M last held)
- Marked down across lenders Sep 30, 2023E•••••• H••• H•••••• L•• term loan: marked from 91 to 81 cents on cost across 2 lender(s)
- Marked down across lenders Jun 30, 2023E•••••• H••• H•••••• L•• term loan: marked from 99 to 91 cents on cost across 2 lender(s)
- PIK interest increased Mar 31, 2023E•••••• H••• H•••••• L•• term loan: PIK interest rose from 1.25% to 2.25%
- PIK interest appears Sep 30, 2022E•••••• H••• H•••••• L•• term loan: PIK interest of 0.75% appears (was cash pay)
Other pieces of this borrower's structure
- at least $1.8M
How this facility is known
- Grain
- E•••••• H••• H•••••• 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
- Sponsor basis
- the sponsor's own portfolio page lists a company of this namederived
- Status
- unknownsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported