DFX Intelligence
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Borrower
R••••••• H•••••••• I••
group grade Aon a schedule nowsponsor unattributed
Also written as: Emerald JV LP; Inc. 1; Inc. 1 Emerald JV LP; Inc. 2; Inc. 2 Emerald JV LP
Principal held
at least $226M
sum of BDC pieces, a lower bound
Fair value
$226M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
4
3 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Oct 18, 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 |
|---|---|---|---|---|---|
| delayed draw term loan lien unstated | at least $206M | 100c | S+525 bp | Oct 18, 2030 | 2 |
| first lien delayed draw term loan first lien | at least $19.9M | 100c | S+525 bp | Oct 18, 2030 | 2 |
| other lien unstated exited Dec 31, 2022 | at least $228M | 100c | S+575 bp | Oct 19, 2027 | 4 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated | $4.9M | $4.9M 100c | S+525 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated N••••••••• I••••• | $55.4M | $55.4M 100c | S+525 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated N••••••••• I••••• | $51.9M | $51.9M 101c | S+525 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated | $8.5M | $8.5M 100c | S+525 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated N••••••••• I••••• | $39.7M | $39.7M 100c | S+525 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated N••••••••• I••••• | $3.1M | $3.1M 101c | S+475 bp |
| B••••••••• S•••••• L•••••• F••• | delayed draw term loan lien unstated N••••••••• I••••• | $24.0M | $24.0M 100c | S+525 bp |
| B••••••••• S•••••• L•••••• F••• | delayed draw term loan lien unstated N••••••••• I••••• | $3.0M | $3.0M 101c | S+525 bp |
| B••••••••• S•••••• L•••••• F••• | delayed draw term loan lien unstated N••••••••• I••••• | $896,000 | $896,000 101c | S+475 bp |
| B••••••••• S•••••• L•••••• F••• | delayed draw term loan lien unstated N••••••••• I••••• | $14.8M | $14.8M 100c | S+525 bp |
| F••••••• B•• C•••••• C••• | delayed draw term loan first lien | $5.3M | $5.3M 100c | S+525 bp |
| F••••••• B•• C•••••• C••• | delayed draw term loan first lien | $5.0M | $5.0M 100c | S+525 bp |
| F••••••• B•• C•••••• C••• | delayed draw term loan first lien | $789,000 | $789,000 101c | S+425 bp |
| F••••••• B•• C•••••• C••• | delayed draw term loan first lien | $8.8M | $8.8M 100c | S+525 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 | 3 | $226M | $226M | 100c | 0 |
| Mar 31, 2026 | 3 | $308M | $308M | 100c | 0 |
| Dec 31, 2025 | 3 | $308M | $298M | 97c | 0 |
| Sep 30, 2025 | 3 | $309M | $298M | 97c | 0 |
| Jun 30, 2025 | 3 | $310M | $297M | 96c | 0 |
| Mar 31, 2025 | 3 | $311M | $298M | 96c | 0 |
| Dec 31, 2024 | 3 | $624M | $607M | 98c | 0 |
| Sep 30, 2024 | 3 | $312M | $304M | 98c | 0 |
| Jun 30, 2024 | 3 | $306M | $298M | 98c | 0 |
| Mar 31, 2024 | 3 | $291M | $281M | 97c | 0 |
| Dec 31, 2023 | 3 | $293M | $282M | 97c | 0 |
| Sep 30, 2023 | 4 | $293M | $283M | 97c | 0 |
| Jun 30, 2023 | 4 | $294M | $283M | 97c | 0 |
| Mar 31, 2023 | 4 | $245M | $241M | 100c | 0 |
| Dec 31, 2022 | 4 | $234M | $231M | 100c | 0 |
| Sep 30, 2022 | 2 | $170M | $168M | 100c | 0 |
| Dec 31, 2021 | 4 | $149M | $147M | 101c | 0 |
What changed
- Maturity extended (observed)Jun 30, 2026
- Spread changed (observed)Jun 30, 2026
- Spread changed (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity shortened (observed)Mar 31, 2024
- Maturity shortened (observed)Mar 31, 2024
- Maturity extended (observed)Jun 30, 2023
- Spread changed (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Maturity extended (observed)Jun 30, 2023
- Spread changed (observed)Mar 31, 2023
- Facility left every BDC scheduleDec 31, 2022
- Maturity shortened (observed)Dec 31, 2022
- Maturity extended (observed)Sep 30, 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
- ROADSAFEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived