DFX Intelligence
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Borrower
E•••••• W••• 3• L••
Diversified Telecommunication Servicesgroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $45.7M
sum of BDC pieces, a lower bound
Fair value
$46.6M
105c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Sep 23, 2030
no dated debt inside 24 months
On the tape since
Sep 30, 2025
latest Jun 30, 2026
Events
2
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $36.6M | 105c | 12.00% | Sep 23, 2030 | 1 |
| first lien delayed draw term loan first lien | at least $9.1M | 106c | 12.00% | Sep 23, 2030 | 1 |
| delayed draw term loan lien unstated exited Sep 30, 2025 | unknown | n/a | unstated | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| D••••••• C••••• C• | term loan first lien F•••• L••• D••• T••• L••• I••••••• R••• 12.00% A••••••••• D••• 9/25/2025 M••••••• D••• 9/2 | $36.6M | $37.3M 105c | 12.00% |
| D••••••• C••••• C• | delayed draw term loan first lien F•••• L••• D••• D•••••• D••• T••• L••• I••••••• R••• 12.00% A••••••••• D••• 9/25/2025 M••• | $9.1M | $9.3M 106c | 12.00% |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 1 | $45.7M | $46.6M | 105c | 0 |
| Mar 31, 2026 | 1 | $52.0M | $52.3M | 104c | 0 |
| Dec 31, 2025 | 1 | $41.6M | $41.9M | 104c | 0 |
| Sep 30, 2025 | 1 | $41.6M | $41.6M | 104c | 0 |
What changed
- New borrower on a BDC scheduleSep 30, 2025
- Facility left every BDC scheduleSep 30, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- EMERALD WAVEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Diversified Telecommunication Servicesreportedas one filer wrote it