DFX Intelligence
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Borrower
R••••• B••••• I••
group grade Boff every schedule since Mar 31, 2023sponsor unattributed
Also written as: Inc. Emerald JV LP
Nothing material in the last 200 days. Last change: 31 Mar 2023, Consensus mark 98¢ on cost, down from 101¢ in Q4 2021, 95¢ last quarter.
Mark path, consensus per quarter end
101¢ · 97¢ · 95¢ · 98¢Q4 2021 to Q1 2023
Principal held
at least $6.0M
sum of BDC pieces, a lower bound
Fair value
$5.8M
98c 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
Nov 1, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2023
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $5.99M | 98¢ | +3 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $6.0M | $5.8M 98c | S+325 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Mar 31, 2023 | at least $6.0M | 98c | S+325 bp | Nov 1, 2028 | 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, 2023 | 1 | $6.0M | $5.8M | 98c | 0 |
| Dec 31, 2022 | 1 | $10.5M | $9.9M | 95c | 0 |
| Sep 30, 2022 | 1 | $4.9M | $4.7M | 97c | 0 |
| Dec 31, 2021 | 1 | $8.6M | $8.6M | 101c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2023
- Spread increasedDec 31, 2022
- Maturity extended (observed)Dec 31, 2022
- Maturity shortened (observed)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
- REVERBderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived