DFX Intelligence
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Facility
I••••••• I•• first lien term loan
first lienoff every schedule since Sep 30, 2023Software
Principal held
at least $54.4M
sum of BDC pieces, a lower bound
Fair value
$54.7M
101c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
//www.audaxcreditbdc.com/20230930#London Interbank Offered Rate+801 bp
pieces from 400 bp to 801 bp
PIK
none stated
Maturity
Jan 1, 2027
tagged by the filer
Lenders
0 holding
3 exited · 0 named on a deal
On the tape
4 quarters
Dec 31, 2022 to Sep 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 |
|---|---|---|---|---|---|
| A••••• D••• S•••••••• B•• A••••• C••••• M••••••••• L•• | exited | $33.4M | $33.5M 101c | 426 bp | Dec 31, 2022 to Sep 30, 2023 |
| H••••••• C••••••• I••• H••••••• C••••••• I••• | exited | $20.0M | $20.2M 102c | 801 bp | Dec 31, 2022 to Sep 30, 2023 |
| A•••• C••••• B•• I••• | exited | $968,396 | $968,396 100c | 400 bp | Dec 31, 2022 to Sep 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 |
|---|---|---|---|---|---|---|
| Sep 30, 2023 | 3 | $54.4M | 101c | 801 bp | Jan 1, 2027 | |
| Jun 30, 2023 | 3 | $66.2M | 95c | 400 bp | Jan 1, 2027 | |
| Mar 31, 2023 | 2 | $64.9M | 102c | 775 bp | Jan 1, 2027 | |
| Dec 31, 2022 | 3 | $164M | 86c | 400 bp | Jan 1, 2027 |
What changed on this facility
position and facility grain, including routine
Order
- Effective30 Sep 2023Spread changed (observed)$21.0M
- Effective30 Sep 2023Facility left every BDC schedule$21.0M
- Effective30 Sep 2023Mark recovered$54.4M
- Effective30 Jun 2023Marked down across lenders$66.2M
- Effective30 Jun 2023Spread changed (observed)$66.2M
- Effective31 Mar 2023Mark recovered$64.9M
Other pieces of this borrower's structure
- otherexited Sep 30, 2023at least $23.9M
How this facility is known
- Grain
- I••••••• 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
- performingsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported