DFX Intelligence
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Facility
M•• R•••••• • C•••••• delayed draw term loan
lien unstatedoff every schedule since Jul 31, 2024
Principal held
at least $1.1M
sum of BDC pieces, a lower bound
Fair value
$0
n/a on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
S+500 bp
modal across pieces
PIK
none stated
Maturity
unstated
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
6 quarters
Jun 30, 2023 to Jul 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••••• C•••••••• P•••••• C••••• F••• C•••••••• A•••• M••••••••• L•• | dormant | $1.1M | $0 | 500 bp | Jul 31, 2024 to Jul 31, 2024 |
| N••••• C•••••••• D••••• L•••••• C•••• C•••••••• D•• A•••••• L•• | exited · 2 pieces | $13.2M | $11.4M 102c | 500 bp | Jun 30, 2023 to Jun 30, 2024 |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• C•••••••• P••• A•••••• L•• | exited · 2 pieces | $3.6M | $3.1M 102c | 500 bp | Jun 30, 2023 to Jun 30, 2024 |
Facility through time
pieces summed per quarter end across the BDCs holding it
| Quarter end | BDCs | Principal held | On cost | Spread | PIK | Maturity |
|---|---|---|---|---|---|---|
| Jul 31, 2024 | 1 | $1.1M | n/a | 500 bp | ||
| Jun 30, 2024 | 2 | $16.8M | 102c | 500 bp | Jun 29, 2029 | |
| Mar 31, 2024 | 2 | $16.9M | 101c | 650 bp | Jun 29, 2029 | |
| Dec 31, 2023 | 2 | $20.1M | 101c | 650 bp | Jun 30, 2029 | |
| Sep 30, 2023 | 2 | $16.9M | 100c | 650 bp | Jun 29, 2029 | |
| Jun 30, 2023 | 2 | $2.3M | n/a | 650 bp | Jun 29, 2029 |
What changed on this facility
position and facility grain, including routine
Order
- Effective31 Jul 2024Facility left every BDC schedule$1.1M
- Effective30 Jun 2024Lender left a facility2 eventsN••••• C•••••••• P•••••• C•••••• I••••• F•••: lender left a facility, 2 lenders, at the 30 Jun 2024 quarter end$501K to $1.8M
- Effective30 Jun 2024Spread changed (observed)$2.3M
Other pieces of this borrower's structure
- otherexited Jul 31, 2024at least $7.2M
How this facility is known
- Grain
- M•• R•••••• • C•••••• x delayed draw 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