DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
S••••• E•••••••• G••••• I••
Diversified Consumer Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Emerald JV LP; Inc. - Funded; Inc. First and; Inc. Verdelite JV LP
Principal held
at least $21.0M
sum of BDC pieces, a lower bound
Fair value
$21.0M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
14
2 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Oct 4, 2030
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
9
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated | at least $17.1M | 101c | S+325 bp | Oct 4, 2030 | 3 |
| first lien term loan first lien | at least $3.9M | 99c | SOFR+325 bp | Oct 4, 2030 | 9 |
| second lien term loan second lien exited Mar 31, 2024 | at least $6.0M | 102c | S+450 bp | Oct 4, 2030 | 5 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $3.3M | $3.3M 101c | S+325 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $313,000 | $312,000 100c | S+325 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $13.4M | $13.4M 101c | S+325 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• & S••••• S + 3.25% I••••••• R••• 6.98% M••••••• | $3.9M | $3.9M 99c | SOFR+325 bp |
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 | 2 | $21.0M | $21.0M | 100c | 0 |
| Mar 31, 2026 | 2 | $21.0M | $20.9M | 100c | 0 |
| Dec 31, 2025 | 3 | $36.1M | $36.3M | 101c | 0 |
| Sep 30, 2025 | 3 | $36.2M | $36.3M | 101c | 0 |
| Jun 30, 2025 | 3 | $36.0M | $36.1M | 101c | 0 |
| Mar 31, 2025 | 4 | $36.6M | $36.5M | 100c | 0 |
| Dec 31, 2024 | 3 | $72.4M | $72.8M | 101c | 0 |
| Sep 30, 2024 | 3 | $36.3M | $36.5M | 101c | 0 |
| Jun 30, 2024 | 3 | $36.4M | $36.5M | 101c | 0 |
| Mar 31, 2024 | 4 | $42.4M | $42.6M | 102c | 0 |
| Dec 31, 2023 | 3 | $48.0M | $48.1M | 102c | 0 |
| Sep 30, 2023 | 8 | $118M | $117M | 101c | 0 |
| Jun 30, 2023 | 4 | $76.2M | $75.4M | 101c | 0 |
| Mar 31, 2023 | 4 | $76.3M | $74.9M | 100c | 0 |
| Dec 31, 2022 | 6 | $98.9M | $96.1M | 101c | 0 |
| Sep 30, 2022 | 1 | $6.4M | $6.2M | 97c | 0 |
| Dec 31, 2021 | 2 | $34.8M | $33.1M | 96c | 0 |
What changed
- Lender left a facilityDec 31, 2025
- Spread changed (observed)Sep 30, 2025
- Lender left a facilityMar 31, 2025
- New lender joined a facilityMar 31, 2025
- Lender left a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Facility left every BDC scheduleMar 31, 2024
- New lender joined a facilityMar 31, 2024
- Spread changed (observed)Dec 31, 2023
- Maturity extended (observed)Sep 30, 2023
- Lender left a facilitySep 30, 2023
- Spread changed (observed)Sep 30, 2023
- Maturity extended (observed)Sep 30, 2023
- New lender joined a facilitySep 30, 2023
- New lender joined a facilitySep 30, 2023
- Lender left a facilitySep 30, 2023
- Lender left a facilitySep 30, 2023
- New lender joined a facilitySep 30, 2023
- Lender left a facilitySep 30, 2023
- Spread changed (observed)Mar 31, 2023
- Spread changed (observed)Dec 31, 2022
- Lender left a facilityDec 31, 2022
- New lender joined a facilityDec 31, 2022
- Lender left a facilityDec 31, 2022
- Lender left a facilityDec 31, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- SPRING EDUCATIONderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 14 BDCsderived
- Industry
- Diversified Consumer Servicesreportedas one filer wrote it