DFX Intelligence
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Borrower
B••• H•••••• C•••••••••
group grade Coff every schedule since Dec 31, 2022sponsor unattributed
Also written as: Emerald JV LP
Nothing material in the last 200 days. Last change: 31 Dec 2022, Consensus mark 99¢ on cost, up from 95¢ in Q3 2022.
Mark path, consensus per quarter end
95¢ · 99¢Q3 2022 to Q4 2022
Principal held
at least $2.0M
sum of BDC pieces, a lower bound
Fair value
$1.9M
99c 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
Apr 3, 2024
$2.0M inside 24 months
On the tape since
Sep 30, 2022
latest Dec 31, 2022
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2022, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $1.98M | 99¢ | +4 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 | $2.0M | $1.9M 99c | S+625 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2022
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Dec 31, 2022 | at least $2.0M | 99c | S+625 bp | Apr 3, 2024 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $2.0M | $1.9M | 99c | 0 |
| Sep 30, 2022 | 1 | $10.3M | $9.6M | 95c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2022
- Spread increasedDec 31, 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
- B••• H••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived