DFX Intelligence
Private Credit Intelligence
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Facility
P•••• M•••• H•••••••• L•• revolver
Principal held
at least $185,913
sum of BDC pieces, a lower bound
Fair value
$183,124
98c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
//stelluscapital.com/20240331#Three Month Term Secured Overnight Financing Rate+625 bp
floor 1.50%
PIK
none stated
Maturity
Aug 31, 2027
tagged by the filer
Lenders
0 holding
2 exited · 0 named on a deal
On the tape
5 quarters
Sep 30, 2022 to Mar 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 |
|---|---|---|---|---|---|
| S•••••• P•••••• C••••• B•• STELLUS PRIVATE BDC ADVISOR, LLC | exited | $162,580 | $160,141 98c | 625 bp | Sep 30, 2022 to Mar 31, 2024 |
| S•••••• C•••••• I••••••••• C••• STELLUS CAPITAL MANAGEMENT, LLC | exited | $23,333 | $22,983 98c | 625 bp | Sep 30, 2022 to Mar 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 |
|---|---|---|---|---|---|---|
| Mar 31, 2024 | 2 | $185,913 | 98c | 625 bp | Aug 31, 2027 | |
| Dec 31, 2023 | 2 | $185,913 | 98c | 6 bp | Aug 31, 2027 | |
| Sep 30, 2023 | 2 | $216,693 | 98c | 625 bp | Aug 31, 2027 | |
| Dec 31, 2022 | 2 | $265,591 | 98c | 625 bp | Aug 31, 2027 | |
| Sep 30, 2022 | 2 | $92,957 | n/a | 625 bp | Aug 31, 2027 |
What changed on this facility
position and facility grain, including routine
- Spread changed (observed) Mar 31, 2024P•••• M•••• H•••••••• L•• revolver: spread moved from 0.06% to 6.25%
- Facility left every BDC schedule Mar 31, 2024P•••• M•••• H•••••••• L•• revolver (unknown) left every BDC schedule after 2024-03-31 (2 lenders, $.2M last held)
- Spread changed (observed) Dec 31, 2023P•••• M•••• H•••••••• L•• revolver: spread moved from 6.25% to 0.06%
Other pieces of this borrower's structure
- at least $10.9M
- first lien term loanexited Sep 27, 2022unknown
How this facility is known
- Grain
- P•••• M•••• H•••••••• L•• x revolverderivedborrower 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