DFX Intelligence
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Facility
Z•• I•• second lien term loan
second lienoff every schedule since Jun 30, 2023Specialty Chemicals
Principal held
at least $123M
sum of BDC pieces, a lower bound
Fair value
$13.7M
70c on cost
Unfunded
Not disclosed
pieces' unfunded commitments
Pricing
S+825 bp
modal across pieces
PIK
none stated
Maturity
Aug 11, 2025
read from the schedule's HTML table
Lenders
0 holding
4 exited · 0 named on a deal
On the tape
4 quarters
Sep 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 |
|---|---|---|---|---|---|
| G•••••• S•••• B••• I••• G•••••• S•••• A•••• M••••••••• L•• | exited | $53.0M | Not disclosed | 825 bp | Dec 31, 2022 to Jun 30, 2023 |
| S••••• C•••••• H••••••• L•• G•••••• S•••• A•••• M••••••••• L•• | exited | $34.9M | Not disclosed | 825 bp | Dec 31, 2022 to Jun 30, 2023 |
| O•••••• S•••••••• L•••••• C••• O•••••• F••• A•••••••• L•• | exited | $19.6M | $13.7M 70c | 825 bp | Sep 30, 2022 to Jun 30, 2023 |
| G•••••• S•••• P•••••• M••••• M••••• C••••• I• L•• G•••••• S•••• A•••• M••••••••• L•• | exited | $15.4M | Not disclosed | 825 bp | Dec 31, 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 | 4 | $123M | 70c | 825 bp | Aug 11, 2025 | |
| Mar 31, 2023 | 3 | $72.6M | 70c | 825 bp | Aug 11, 2025 | |
| Dec 31, 2022 | 4 | $123M | 64c | 825 bp | Aug 11, 2025 | |
| Sep 30, 2022 | 1 | $39.2M | 83c | 825 bp | Aug 11, 2025 |
What changed on this facility
position and facility grain, including routine
Order
- Effective30 Jun 2023Facility left every BDC schedule$123M
- Effective31 Mar 2023Mark recovered$72.6M
- Effective31 Dec 2022Marked down across lenders$123M
- Effective31 Dec 2022New lender joined a facility2 eventsG•••••• S•••• B••• I•••: new lender joined a facility, 2 lenders, at the 31 Dec 2022 quarter end$34.9M to $53.0M
- ••• Locked (Z•• I••)$53.0M
- ••• Locked (Z•• I••)$34.9M
Other pieces of this borrower's structure
- first lien term loanexited Sep 30, 2024at least $19.4M
How this facility is known
- Grain
- Z•• I•• x second 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