DFX Intelligence
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Borrower
B•••• G•••• H••••••• L••
Construction & Engineeringgroup grade Aon a schedule nowsponsor unattributed
Also written as: B•••• G•••• H••••••s, LLC; Emerald JV LP; LLC - Funded; LLC Asset Type; LLC Verdelite JV LP; Other
Principal held
at least $68.4M
sum of BDC pieces, a lower bound
Fair value
$68.5M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
16
6 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jun 7, 2028
$1.2M inside 24 months
On the tape since
Sep 30, 2022
latest Jun 30, 2026
Events
6
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 $68.4M | 100c | SOFR+250 bp | Jul 1, 2031 | 9 |
| other lien unstated exited Sep 30, 2025 | at least $5.6M | 100c | S+275 bp | Jul 1, 2031 | 5 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• S•••••••• I••••• F••• | term loan first lien F•••• lien senior secured loan | $32.6M | $32.7M 100c | S+250 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref S•••(M) S••••• 2.50% T•••• C••••• 6.14% M••••••• 6/7/2 | $1.2M | $1.2M 100c | SOFR+250 bp |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• C••••••••• & E••••••••• I••••••• R••• 6.16% R••••••• | $14.6M | $14.7M 100c | SOFR+250 bp |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• C••••••••• & E••••••••• I••••••• R••• 6.14% R••••••• | $11.9M | $11.9M 100c | SOFR+250 bp |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien S••••• secured | $3.0M | $3.0M 100c | S+250 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• & S••••• S + 2.50% I••••••• R••• 6.16% M••••••• | $4.9M | $4.9M 100c | SOFR+250 bp |
| S••••• C•••• C•••••• C••• | term loan first lien F•••• L••• - T••• L••• | $102,000 | $102,000 100c | 2.50% |
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 | 6 | $68.4M | $68.5M | 100c | 0 |
| Mar 31, 2026 | 6 | $68.5M | $68.6M | 100c | 0 |
| Dec 31, 2025 | 6 | $110M | $111M | 100c | 0 |
| Sep 30, 2025 | 8 | $99.6M | $99.8M | 100c | 0 |
| Jun 30, 2025 | 8 | $79.9M | $80.0M | 100c | 0 |
| Mar 31, 2025 | 6 | $68.4M | $68.0M | 99c | 0 |
| Dec 31, 2024 | 7 | $77.9M | $78.1M | 100c | 0 |
| Sep 30, 2024 | 9 | $57.1M | $56.9M | 100c | 0 |
| Jun 30, 2024 | 9 | $57.1M | $57.0M | 100c | 0 |
| Mar 31, 2024 | 7 | $39.1M | $39.1M | 101c | 0 |
| Dec 31, 2023 | 6 | $42.7M | $42.8M | 101c | 0 |
| Sep 30, 2023 | 5 | $32.9M | $32.7M | 100c | 0 |
| Jun 30, 2023 | 4 | $18.7M | $18.1M | 101c | 0 |
| Mar 31, 2023 | 2 | $4.8M | $4.8M | 100c | 0 |
| Dec 31, 2022 | 3 | $9.0M | $8.9M | 102c | 0 |
What changed
- Maturity shortened (observed)Jun 30, 2026
- Facility left every BDC scheduleSep 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- Lender left a facilityMar 31, 2025
- New lender joined a facilityDec 31, 2024
- Lender left a facilitySep 30, 2024
- New lender joined a facilitySep 30, 2024
- Lender left a facilitySep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- Maturity extended (observed)Jun 30, 2024
- New lender joined a facilityJun 30, 2024
- Spread changed (observed)Mar 31, 2024
- New lender joined a facilityMar 31, 2024
- New lender joined a facilityDec 31, 2023
- New lender joined a facilitySep 30, 2023
- Spread changed (observed)Jun 30, 2023
- Spread increasedJun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Spread changed (observed)Mar 31, 2023
- New borrower on a BDC scheduleSep 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
- BROWNderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 16 BDCsderived
- Industry
- Construction & Engineeringreportedas one filer wrote it