DFX Intelligence
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Borrower
I••••••• B••••• L••
Electronic Equipment, Instruments & Componentsgroup grade Aon a schedule nowsponsor P••••• C•••••• carried
Also written as: Emerald JV LP; Verdelite JV LP
Principal held
at least $108M
sum of BDC pieces, a lower bound
Fair value
$107M
102c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
14
8 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Mar 2, 2028
$62.4M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
10
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 $50.1M | 101c | SOFR+625 bp | Mar 2, 2028 | 8 |
| second lien term loan second lien | at least $45.6M | 103c | SOFR+700 bp | Mar 2, 2029 | 5 |
| other lien unstated | at least $12.4M | 100c | S+375 bp | Mar 2, 2028 | 9 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••••• P•••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 6.25% I••••••• R••• 10.00% M | $98,000 | $99,000 101c | SOFR+625 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 6.25% I••••••• R••• 10.00% M | $244,000 | $245,000 101c | SOFR+625 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $2.1M | $2.1M 101c | S+375 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $2.3M | $2.3M 99c | S+375 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $7.9M | $7.9M 100c | S+375 bp |
| M••••• S•••••• D••••• L•••••• F••• | term loan second lien Investment S••••• L••• D••• R•••••••• R••• and S••••• S + 7.00% I••••••• R••• 10.93% M•••• | $20.1M | $19.7M 98c | SOFR+700 bp |
| M••••• S•••••• D••••• L•••••• F••• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• and S••••• S + 6.25% I••••••• R••• 9.89% M•••••• | $12.0M | $12.0M 101c | SOFR+625 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan second lien Investment S••••• L••• D••• R•••••••• R••• & S••••• S + 7.00% I••••••• R••• 10.93% M•••••• | $13.3M | $13.0M 108c | SOFR+700 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• & S••••• S + 6.25% I••••••• R••• 9.89% M••••••• | $9.0M | $9.0M 101c | SOFR+625 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien Investment F•••• L••• S••••• S•••••• L••• I••••••• R••• 7.68% (S +CSA + 3.75%) M••••••• D• | $6.2M | $6.2M 100c | SOFR+375 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien Investment F•••• L••• S••••• S•••••• L••• I••••••• R••• 9.89% (S + 6.25%) M••••••• D••• 3/ | $2.9M | $2.9M 101c | SOFR+625 bp |
| P••••• S••••• C•••••• B•• I••• | term loan second lien Investment S••••• L••• S••••• S•••••• L••• I••••••• R••• 10.93% (S +CSA + 7.00%) M••••••• | $2.7M | $2.7M 99c | SOFR+700 bp |
| T• S••••• B•• L•• | term loan first lien F•••• L••• D••• R•••••••• R••• and S••••• S+ 6.25% I••••••• R••• 9.89% M••••••• D••• 03/02 | $2.4M | $2.4M 101c | SOFR+625 bp |
| T• S••••• B•• L•• | term loan second lien S••••• L••• D••• R•••••••• R••• and S••••• S+ 7.00% I••••••• R••• 10.93% M••••••• D••• 03/ | $3.4M | $3.3M 107c | SOFR+700 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan second lien S••••• L••• D••• | $6.1M | $6.1M 108c | S+700 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien F•••• L••• D••• | $5.9M | $5.9M 106c | S+375 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien F•••• L••• D••• | $11.2M | $11.3M 102c | S+625 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 | 8 | $108M | $107M | 102c | 0 |
| Mar 31, 2026 | 8 | $116M | $109M | 97c | 0 |
| Dec 31, 2025 | 8 | $166M | $162M | 101c | 0 |
| Sep 30, 2025 | 8 | $129M | $121M | 97c | 0 |
| Jun 30, 2025 | 8 | $123M | $114M | 96c | 0 |
| Mar 31, 2025 | 8 | $114M | $105M | 95c | 0 |
| Dec 31, 2024 | 7 | $235M | $217M | 96c | 0 |
| Sep 30, 2024 | 8 | $109M | $99.2M | 95c | 0 |
| Jun 30, 2024 | 7 | $88.0M | $79.6M | 94c | 0 |
| Mar 31, 2024 | 8 | $93.5M | $85.5M | 95c | 0 |
| Dec 31, 2023 | 8 | $110M | $101M | 95c | 0 |
| Sep 30, 2023 | 9 | $100M | $93.4M | 96c | 0 |
| Jun 30, 2023 | 9 | $145M | $135M | 96c | 0 |
| Mar 31, 2023 | 7 | $102M | $98.4M | 98c | 0 |
| Dec 31, 2022 | 3 | $62.2M | $59.7M | 96c | 0 |
| Sep 30, 2022 | 1 | $42.0M | $40.0M | 96c | 0 |
| Dec 31, 2021 | 1 | $21.8M | $21.8M | 100c | 0 |
What changed
- Maturity approachingMar 2, 2028
- Maturity approachingMar 2, 2028
- Mark recoveredJun 30, 2026
- Lender left a facilityMar 31, 2026
- Mark recoveredDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Mark recoveredSep 30, 2025
- Lender left a facilityJun 30, 2025
- Lender left a facilityJun 30, 2025
- New lender joined a facilityMar 31, 2025
- Maturity shortened (observed)Mar 31, 2025
- Mark recoveredDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Lender left a facilitySep 30, 2024
- Maturity shortened (observed)Sep 30, 2024
- New lender joined a facilityJun 30, 2024
- New lender joined a facilityJun 30, 2024
- Spread increasedJun 30, 2024
- Lender left a facilityMar 31, 2024
- Spread changed (observed)Mar 31, 2024
- Spread changed (observed)Dec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Lender left a facilitySep 30, 2023
Sponsor
- P••••• C••••••
- the sponsor's own portfolio page lists a company of this nameestimatedplexuscap.com"••• Locked"
Identity
- Group key
- INFINITEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 14 BDCsderived
- Industry
- Electronic Equipment, Instruments & Componentsreportedas one filer wrote it