BDC Quick Recap: TCW Direct Lending VII LLC
BDC Quick Recap: TCW Direct Lending VII LLC as of December 31st, 2022
TCW Direct Lending VII LLC filed its earnings yesterday and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for TCW Direct Lending VII LLC for the three-month period ended Dec. 31st, 2022.
Portfolio Stats
| FMV | $1.14B |
| # of Investments | 59 |
| Total unused commitments to extend financing | $41.43M |
| Portfolio Companies | 34 |
Portfolio Composition
| First Lien | 95.80% |
| Equity and Other | 4.20% |
Source: SOLVE Fixed Income, TCW Direct Lending VII LLC
Portfolio Credit Quality
| Non-Accruals Cost | $0.0M |
| # of Non-Accruals | 0 |
| # of Portfolio at Cost | 0.00% |
| New Non-Accruals | N/A |
Source: SOLVE Fixed Income, TCW Direct Lending VII LLC
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
|---|---|---|---|---|---|
| Hollander Intermediate LLC | Term Loan | Textiles, Apparel & Luxury Goods | $59.1M | 9/19/2026 | S+875 |
Source: SOLVE Fixed Income, TCW Direct Lending VII LLC
Exits & Sales
| Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
|---|---|---|---|---|---|
| Keeco Holdings LLC | Term Loan | Textiles, Apparel & Luxury Goods | $59.5M | 9/19/2026 | L+875 |
| Hoover Group Inc | Term Loan | Packaging | $29.4M | 10/1/2024 | L+775 |
| Need It Now Delivers LLC | Last Out Term Loan | Air Freight & Logistics | $12.6M | 12/23/2024 | L+700 |
Source: SOLVE Fixed Income, TCW Direct Lending VII LLC
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SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
