DFX Intelligence
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Facility
S•••• P••••••••• L•• delayed draw term loan
lien unstatedoff every schedule since Dec 31, 2024Commercial Services & Supplies
Principal held
at least $5.5M
sum of BDC pieces, a lower bound
Fair value
$3.6M
102c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
S+575 bp
modal across pieces
PIK
5.75%
paid in kind, the highest piece
Maturity
unstated
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
9 quarters
Dec 31, 2022 to Dec 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•••• H•••• P•••••• I••••• F••• L•• MS CAPITAL PARTNERS ADVISER INC. | exited · 5 pieces | $10.2M | $6.5M 100c | 575 bp | Dec 31, 2022 to Sep 30, 2024 |
| T• S••••• B•• L•• MS CAPITAL PARTNERS ADVISER INC. | exited · 4 pieces | $5.5M | $3.6M 102c | 575 bp | Dec 31, 2022 to Dec 31, 2024 |
Facility through time
pieces summed per quarter end across the BDCs holding it
| Quarter end | BDCs | Principal held | On cost | Spread | PIK | Maturity |
|---|---|---|---|---|---|---|
| Dec 31, 2024 | 1 | $5.5M | 102c | 575 bp | 5.75% | |
| Sep 30, 2024 | 2 | $15.6M | 100c | 575 bp | 5.75% | |
| Jun 30, 2024 | 2 | $10.3M | 100c | 575 bp | 5.75% | |
| Mar 31, 2024 | 2 | $10.2M | 100c | 575 bp | 5.75% | |
| Dec 31, 2023 | 2 | $9.6M | 78c | 575 bp | ||
| Sep 30, 2023 | 2 | $9.6M | 92c | 575 bp | ||
| Jun 30, 2023 | 2 | $9.6M | 97c | 575 bp | ||
| Mar 31, 2023 | 2 | $9.6M | 97c | 575 bp | ||
| Dec 31, 2022 | 2 | n/a | n/a |
What changed on this facility
position and facility grain, including routine
- Facility left every BDC schedule Dec 31, 2024S•••• P••••••••• L•• delayed draw (unknown) left every BDC schedule after 2024-12-31 (2 lenders, $5.5M last held)
- Mark recovered Mar 31, 2024S•••• P••••••••• L•• delayed draw: marked from 78 to 100 cents on cost
- PIK interest appears Mar 31, 2024S•••• P••••••••• L•• delayed draw: PIK interest of 5.75% appears (was cash pay)
- Marked down across lenders Dec 31, 2023S•••• P••••••••• L•• delayed draw: marked from 92 to 78 cents on cost across 2 lender(s)
Other pieces of this borrower's structure
How this facility is known
- Grain
- S•••• P••••••••• L•• 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
- unknownsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported