DFX Intelligence
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Borrower
S••••••• T••••••••• G••••
group grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Also written as: Emerald JV LP; S••••••• T••••••••• G•••• 1; S••••••• T••••••••• G•••• 2; Verdelite JV LP
Nothing material in the last 200 days. Last change: 31 Mar 2024, Consensus mark 75¢ on cost, down from 82¢ a year ago, 71¢ last quarter.
Mark path, consensus per quarter end
82¢ · 76¢ · 72¢ · 71¢ · 75¢Q1 2023 to Q1 2024
Principal held
at least $110M
sum of BDC pieces, a lower bound
Fair value
$81.7M
75c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Jul 27, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2024
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $110M | 75¢ | +4 pts |
Every BDC piece · 6 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $65.2M | $39.1M 60c | S+500 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $29.8M | $29.8M 101c | S+375 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $5.9M | $5.9M 101c | S+375 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $3.6M | $2.1M 64c | S+500 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $3.5M | $3.5M 104c | S+375 bp |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $2.0M | $1.2M 60c | S+500 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Mar 31, 2024 | at least $110M | 75c | S+500 bp | Mar 1, 2029 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2024 | 1 | $110M | $81.7M | 75c | 0 |
| Dec 31, 2023 | 1 | $152M | $107M | 71c | 0 |
| Sep 30, 2023 | 1 | $167M | $119M | 72c | 0 |
| Jun 30, 2023 | 1 | $202M | $152M | 76c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 1 | $188M | $152M | 82c | 0 |
| Dec 31, 2022 | 1 | $188M | $158M | 85c | 0 |
| Sep 30, 2022 | 1 | $195M | $179M | 93c | 0 |
| Dec 31, 2021 | 1 | $145M | $144M | 101c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- Maturity shortened (observed)Mar 31, 2024
- Marked down (one lender)Jun 30, 2023
- Marked down (one lender)Dec 31, 2022
- Marked down (one lender)Sep 30, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- SYMPHONY TECHNOLOGYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 3 across 1 BDCderived