DFX Intelligence
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Facility
N••••• I•• first lien revolver
first lienoff every schedule since Mar 31, 2025Software
Principal held
at least $301,000
sum of BDC pieces, a lower bound
Fair value
$161,000
53c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
//fasb.org/us-gaap/2023#Base Rate+684 bp
floor 1.00%
PIK
none stated
Maturity
Jun 28, 2024
tagged by the filer
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
12 quarters
Dec 31, 2021 to Mar 31, 2025
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 |
|---|---|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• A••••• I••••••••• M••••••••• L••• | exited · 2 pieces | $1.0M | $900,000 100c | 710 bp | Dec 31, 2022 to Dec 31, 2023 |
| W••••••••• F••••••• I••• W••••••••• A•••••••• L•• | exited | $301,000 | $161,000 53c | 684 bp | Dec 31, 2021 to Mar 31, 2025 |
Facility through time
pieces summed per quarter end across the BDCs holding it
| Quarter end | BDCs | Principal held | On cost | Spread | PIK | Maturity |
|---|---|---|---|---|---|---|
| Mar 31, 2025 | 1 | $301,000 | 53c | 684 bp | Jun 28, 2024 | |
| Dec 31, 2024 | 1 | $301,000 | 56c | 684 bp | Jun 28, 2024 | |
| Sep 30, 2024 | 1 | $301,000 | 55c | 684 bp | Jun 28, 2024 | |
| Jun 30, 2024 | 1 | $301,000 | 64c | 684 bp | Jun 28, 2024 | |
| Mar 31, 2024 | 1 | $301,000 | 79c | 684 bp | Jun 28, 2024 | |
| Dec 31, 2023 | 2 | $1.3M | 100c | 710 bp | Jun 28, 2024 | |
| Sep 30, 2023 | 2 | $705,000 | 99c | 700 bp | Jun 28, 2024 | |
| Jun 30, 2023 | 2 | $767,000 | 99c | 710 bp | Jun 28, 2024 | |
| Mar 31, 2023 | 2 | $767,000 | 97c | 700 bp | Jun 28, 2024 | |
| Dec 31, 2022 | 2 | $767,000 | 99c | 700 bp | Jun 28, 2024 | |
| Sep 30, 2022 | 1 | $267,000 | 98c | 692 bp | Jun 28, 2024 | |
| Dec 31, 2021 | 1 | $169,000 | 101c | 700 bp | Jun 28, 2024 |
What changed on this facility
position and facility grain, including routine
- Facility left every BDC schedule Mar 31, 2025••• Locked
- Marked down across lenders Sep 30, 2024••• Locked
- Marked down across lenders Jun 30, 2024••• Locked
- Marked down across lenders Mar 31, 2024••• Locked
- New lender joined a facility Dec 31, 2022••• Locked
Other pieces of this borrower's structure
- at least $4.8M
- first lien delayed draw term loanexited Jun 30, 2024at least $94,000
- otherexited Dec 31, 2024$10.8M
How this facility is known
- Grain
- N••••• I•• x first lien revolverderivedborrower 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