DFX Intelligence
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Borrower
I•• C••••••••• L••
Industrial Security 1st Lien, Secured Loangroup grade Aon a schedule nowsponsor unattributed
Also written as: Emerald JV LP
Principal held
at least $10.5M
sum of BDC pieces, a lower bound
Fair value
$10.4M
102c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
3
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jul 9, 2031
no dated debt inside 24 months
On the tape since
Sep 30, 2025
latest Jun 30, 2026
Events
1
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 $9.1M | 102c | S+475 bp | Jul 9, 2031 | 1 |
| first lien term loan first lien | at least $1.5M | 100c | SOFR+475 bp | Jul 9, 2031 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $9.1M | $8.9M 102c | S+475 bp |
| G•••• E•• C•••••• C•••• | term loan first lien I••••••• I••••••••• S••••••• 1st L•••, S•••••• L••• I••••••• R••• 1M S••• + 4.75% (8.39%) | $1.5M | $1.4M 100c | SOFR+475 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 | $10.5M | $10.4M | 102c | 0 |
| Mar 31, 2026 | 2 | $11.6M | $11.1M | 99c | 0 |
| Dec 31, 2025 | 2 | $11.2M | $10.8M | 100c | 0 |
| Sep 30, 2025 | 1 | $9.2M | $9.1M | 103c | 0 |
What changed
- New borrower on a 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
- I•• C•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Industrial Security 1st Lien, Secured Loanreportedas one filer wrote it