DFX Intelligence
Private Credit Intelligence
The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.
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Facility
F••••• C••••••• I•• first lien term loan
first lienoff every schedule since Jun 30, 2023IT Services
Principal held
at least $22.5M
sum of BDC pieces, a lower bound
Fair value
$22.4M
102c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+850 bp
pieces from 750 bp to 850 bp
PIK
1.00%
paid in kind, the highest piece
Maturity
Jan 18, 2027
tagged by the filer
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
5 quarters
Jun 30, 2022 to Jun 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 |
|---|---|---|---|---|---|
| C••• I••••••••• C••• C••• INVESTMENT MANAGEMENT, LLC | exited · 2 pieces | $19.5M | $19.5M 102c | 850 bp | Sep 30, 2022 to Jun 30, 2023 |
| I••••••••• U• I••••••••• P•••••• C••••• F••• CM INVESTMENT PARTNERS, LLC | exited | $2.9M | $2.9M 100c | 750 bp | Jun 30, 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 |
|---|---|---|---|---|---|---|
| Jun 30, 2023 | 2 | $22.5M | 102c | 850 bp | 1.00% | Jan 18, 2027 |
| Mar 31, 2023 | 2 | $22.6M | 89c | 850 bp | 1.00% | Jan 18, 2027 |
| Dec 31, 2022 | 1 | $19.6M | 103c | 850 bp | 1.00% | Jan 18, 2027 |
| Sep 30, 2022 | 1 | $20.2M | 100c | 750 bp | Jan 18, 2027 | |
| Jun 30, 2022 | 1 | $6.0M | 50c | 750 bp | Jan 18, 2027 |
What changed on this facility
position and facility grain, including routine
- Mark recovered Jun 30, 2023F••••• C•••••• Inc term loan: marked from 89 to 102 cents on cost
- Spread changed (observed) Jun 30, 2023F••••• C•••••• Inc term loan: spread moved from 8.50% to 7.50%
- Facility left every BDC schedule Jun 30, 2023F••••• C•••••• Inc term loan (first lien) left every BDC schedule after 2023-06-30 (2 lenders, $22.5M last held)
- Marked down across lenders Mar 31, 2023F••••• C•••••• Inc term loan: marked from 103 to 89 cents on cost across 2 lender(s)
- Spread changed (observed) Dec 31, 2022F••••• C•••••• Inc term loan: spread moved from 7.50% to 8.50%
- PIK interest appears Dec 31, 2022F••••• C•••••• Inc term loan: PIK interest of 1.00% appears (was cash pay)
- Mark recovered Sep 30, 2022F••••• C•••••• Inc term loan: marked from 50 to 100 cents on cost
- New lender joined a facility Sep 30, 2022C••• I••••••••• C••• joins F••••• C•••••• Inc term loan (first lien) held by 1 other BDC
Other pieces of this borrower's structure
- n/a
- $1.5M
- $0
How this facility is known
- Grain
- F••••• C••••••• 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