DFX Intelligence
Private Credit 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
R•• A••••••••• I••
Financialsgroup grade Aoff every schedule since Jun 30, 2025sponsor unattributed
Also written as: 2023; 2024; Emerald JV LP; Inc. First and; RSC Insurance Brokerage, Inc
Principal held
at least $305M
sum of BDC pieces, a lower bound
Fair value
$285M
100c on cost, debt pieces
Unfunded
$27.0M
commitments not yet drawn
BDC lenders
28
12 on the latest quarter
Facilities
9
0 equity pieces beside them
Next maturity
Oct 30, 2029
no dated debt inside 24 months
On the tape since
Sep 30, 2021
latest Jun 30, 2025
Events
18
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Jun 30, 2025 | at least $160M | 101c | S+475 bp | Nov 1, 2029 | 16 |
| first lien term loan first lien exited Jun 30, 2025 | at least $97.4M | 100c | SOFR+475 bp | Nov 1, 2029 | 18 |
| first lien delayed draw term loan first lien exited Jun 30, 2025 | at least $45.3M | 100c | SOFR+475 bp | Nov 1, 2029 | 8 |
| second lien term loan second lien exited Jun 30, 2025 | at least $2.0M | 101c | SOFR+475 bp | Nov 1, 2029 | 1 |
| delayed draw term loan lien unstated exited Jun 30, 2025 | unknown | n/a | unstated | 7 | |
| first lien revolver first lien exited Dec 31, 2024 | unknown | n/a | unstated | 3 | |
| second lien revolver second lien exited Jun 30, 2024 | unknown | n/a | unstated | 2 | |
| second lien delayed draw term loan second lien exited Jun 30, 2023 | unknown | n/a | unstated | 2 | |
| revolver lien unstated exited Jun 30, 2025 | unknown | n/a | unstated | 3 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• P•••••• C••••• F••• | term loan first lien Instrument First Lien Initial Term Loan One Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Cou | $760,729 | $759,504 100c | SOFR+475 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien Instrument First Lien Initial Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.75% Total Coupon | $1.1M | $1.1M 100c | SOFR+475 bp |
| B•••••••• P•••••• C••••• F••• | delayed draw term loan first lien Instrument First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Co | $652,877 | $651,826 100c | SOFR+475 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien Instrument First Lien Initial Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon | $1.6M | $1.6M 100c | SOFR+475 bp |
| B•••••••• P•••••• C••••• F••• | delayed draw term loan first lien Instrument First Lien Delayed Draw Term Loan One Ref SOFR(Q) Floor 0.75% Spread 4.75% Tota | $181,721 | $181,428 100c | SOFR+475 bp |
| F••••••• B•• C•••••• C••• | term loan first lien | $664,000 | $664,000 104c | S+475 bp |
| F••••••• B•• C•••••• C••• | term loan first lien S••••• S•••••• First Lien D••• 1 | n/a | n/a | |
| F••••••• B•• C•••••• C••• | term loan first lien | $4.7M | $4.7M 100c | S+475 bp |
| F••••••• B•• C•••••• C••• | term loan first lien | $0 | $0 0c | S+475 bp |
| F••••••• B•• C•••••• C••• | term loan first lien | $9.0M | $9.0M 100c | S+475 bp |
| F••••••• B•• C•••••• C••• | term loan first lien | $7.1M | $7.1M 100c | S+475 bp |
| F••••••• B•• C•••••• C••• | term loan first lien | $21.5M | $21.5M 100c | S+475 bp |
| F••••••• B•• C•••••• C••• | term loan first lien S••••• S•••••• First Lien D••• 2 | n/a | n/a | |
| K•••••• L•••• C•••••• C• | term loan second lien Second Lien D••• Original Purchase Date 10/18/2023 S+4.75% Interest Rate 9.05% Due 11/1/20 | $2.0M | $2.0M 101c | SOFR+475 bp |
| L••• P•••••• C••••• L•• | term loan first lien First Lien D••• 1 | $122,000 | $122,000 100c | S+475 bp |
| L••• P•••••• C••••• L•• | term loan first lien First Lien D••• 2 | $294,000 | $294,000 100c | S+475 bp |
| M••••• S•••••• D••••• L•••••• F••• | term loan first lien First Lien D••• 1 | $32.0M | $32.0M 101c | S+475 bp |
| M••••• S•••••• D••••• L•••••• F••• | term loan first lien First Lien D••• 2 | $3.8M | $3.8M 101c | S+475 bp |
| N•••• H•••• P•••••• I••••• F••• A• L•• | unstated lien unstated | $413,000 | $413,000 100c | S+475 bp |
| N•••• H•••• P•••••• I••••• F••• A• L•• | unstated lien unstated | $171,000 | $171,000 101c | S+475 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | unstated lien unstated | $18.4M | $18.4M 100c | S+475 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | unstated lien unstated | $54.0M | $54.0M 101c | S+475 bp |
| O•• S••••• P•••••• L•••••• F••• •• L•• | unstated lien unstated | $6.9M | $6.9M 101c | S+475 bp |
| S•••• P•••• C••••• C••• | term loan first lien First Lien Term Loan, Due 10/30/2029 | $5.9M | $5.9M 100c | SOFR+475 bp |
| S•••• P•••• C••••• C••• | term loan first lien First Lien Term Loan, Due 10/30/2029 Two | $4.3M | $4.3M 100c | SOFR+475 bp |
| S•••• P•••• C••••• C••• | term loan first lien First Lien Term Loan, Due 10/30/2029 One | $2.2M | $2.2M 100c | SOFR+475 bp |
| S•••• P•••• C••••• C••• | delayed draw term loan first lien First Lien Delayed Draw Term Loan, Due 10/30/2029 | $21.2M | $21.2M 100c | SOFR+475 bp |
| S•••• P•••• C••••• C••• | delayed draw term loan first lien First Lien Delayed Draw Term Loan, Due 10/30/2029 One | $15.8M | $15.8M 100c | SOFR+475 bp |
| S•••• P•••• C••••• I••••• F••• | delayed draw term loan first lien First Lien Delayed Draw Term Loan 1 | $4.2M | $4.2M 100c | S+475 bp |
| S•••• P•••• C••••• I••••• F••• | term loan first lien First Lien Term Loan 2 | $855,092 | $855,092 100c | S+475 bp |
| S•••• P•••• C••••• I••••• F••• | delayed draw term loan first lien First Lien Delayed Draw Term Loan 2 | $3.2M | $3.2M 100c | S+475 bp |
| S•••• P•••• C••••• I••••• F••• | term loan first lien First Lien Term Loan 1 | $1.2M | $1.2M 100c | S+475 bp |
| S•••• P•••• C••••• I••••• F••• | term loan first lien First Lien Term Loan 3 | $446,181 | $446,181 100c | S+475 bp |
| T• S••••• B•• L•• | unstated lien unstated | $23.1M | $23.1M 101c | S+475 bp |
| T• S••••• B•• L•• | unstated lien unstated | $766,000 | $766,000 101c | S+475 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | unstated lien unstated | $3.5M | $0 0c | S+475 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | unstated lien unstated | $671,000 | $671,000 100c | S+475 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | unstated lien unstated | $10.7M | $10.7M 100c | S+475 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | unstated lien unstated | $5.9M | $5.9M 101c | S+475 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | unstated lien unstated | $4.2M | $4.2M 100c | S+475 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | delayed draw term loan lien unstated Delayed Draw Term Loan | n/a | n/a | |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | unstated lien unstated | $13.1M | $13.1M 100c | S+475 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | unstated lien unstated | $18.3M | $1.9M 104c | S+475 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | revolver lien unstated Revolver | n/a | n/a |
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, 2025 | 12 | $305M | $285M | 100c | 0 |
| Mar 31, 2025 | 12 | $285M | $281M | 100c | 0 |
| Dec 31, 2024 | 13 | $1.2B | $1.1B | 100c | 0 |
| Sep 30, 2024 | 12 | $529M | $492M | 100c | 0 |
| Jun 30, 2024 | 15 | $467M | $464M | 100c | 0 |
| Mar 31, 2024 | 16 | $470M | $463M | 100c | 0 |
| Dec 31, 2023 | 19 | $440M | $428M | 100c | 0 |
| Sep 30, 2023 | 18 | $386M | $374M | 100c | 0 |
| Jun 30, 2023 | 17 | $506M | $491M | 99c | 0 |
| Mar 31, 2023 | 17 | $396M | $365M | 98c | 0 |
| Dec 31, 2022 | 20 | $423M | $409M | 98c | 0 |
| Sep 30, 2022 | 5 | $136M | $131M | 98c | 0 |
| Dec 31, 2021 | 4 | $86.2M | $86.2M | 101c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2025
- Lender left a facilityJun 30, 2025
- Lender left a facilityJun 30, 2025
- Facility left every BDC scheduleJun 30, 2025
- Facility left every BDC scheduleJun 30, 2025
- Lender left a facilityJun 30, 2025
- Lender left a facilityJun 30, 2025
- Lender left a facilityJun 30, 2025
- Lender left a facilityJun 30, 2025
- Facility left every BDC scheduleJun 30, 2025
- Lender left a facilityJun 30, 2025
- Lender left a facilityJun 30, 2025
- Facility left every BDC scheduleJun 30, 2025
- Facility left every BDC scheduleJun 30, 2025
- New lender joined a facilityMar 31, 2025
- New lender joined a facilityMar 31, 2025
- Lender left 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
- Spread changed (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
- Lender left a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- Spread changed (observed)Sep 30, 2024
- Spread changed (observed)Sep 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- R•• A•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 28 BDCsderived
- Industry
- Financialsreportedas one filer wrote it