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
G••••• A••••••••• I••
group grade Aoff every schedule since Mar 31, 2023sponsor unattributed
Also written as: Inc. Emerald JV LP
Nothing material in the last 200 days. Last change: 31 Mar 2023, Consensus mark 94¢ on cost, down from 100¢ a year ago, 100¢ last quarter.
Mark path, consensus per quarter end
100¢ · 100¢ · 101¢ · 100¢ · 94¢Q3 2021 to Q1 2023
Principal held
at least $17.3M
sum of BDC pieces, a lower bound
Fair value
$15.8M
95c on cost, debt pieces
Unfunded
$20.2M
commitments not yet drawn
BDC lenders
3
2 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Jul 1, 2028
no dated debt inside 24 months
On the tape since
Sep 30, 2021
latest Mar 31, 2023
Events
5
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• S•••••• L•••••• F••• | $16.5M | 97¢ | -4 pts |
| B••••••••• P•••••• C••••• F••• | $806K | 51¢ | -49 pts |
Every BDC piece · 6 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated | $16.5M | $15.6M 97c | S+525 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $806,000 | $289,000 51c | S+525 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | S+525 bp |
| B••••••••• P•••••• C••••• F••• | revolver lien unstated R••••••• | Not disclosed | Not disclosed | S+525 bp |
| B••••••••• S•••••• L•••••• F••• | revolver lien unstated R••••••• | Not disclosed | Not disclosed | S+525 bp |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• S•••••• L•••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | S+525 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Mar 31, 2023 | at least $17.3M | 95c | S+525 bp | Jul 1, 2028 | 2 |
| first lien term loan first lien exited Sep 30, 2021 | at least $4.3M | 100c | S+550 bp | Jul 1, 2028 | 1 |
| delayed draw term loan lien unstated exited Mar 31, 2023 | unknown | n/a | S+525 bp | unstated | 2 |
| revolver lien unstated exited Mar 31, 2023 | unknown | n/a | S+525 bp | unstated | 2 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 2 | $17.3M | $15.8M | 95c | 0 |
| Dec 31, 2022 | 2 | $98.2M | $96.7M | 100c | 0 |
| Sep 30, 2022 | 2 | $37.0M | $36.3M | 101c | 0 |
| Dec 31, 2021 | 2 | $105M | $102M | 100c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2021 | 1 | $4.3M | $4.1M | 100c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2023
- Marked down (one lender)Mar 31, 2023
- Facility left every BDC scheduleMar 31, 2023
- Facility left every BDC scheduleMar 31, 2023
- New borrower on a BDC scheduleSep 30, 2021
Full timeline · 6 eventsShow fewer
- Facility left every BDC scheduleSep 30, 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
- GRUDENderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived