DFX Intelligence
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Borrower
I••••• H••••• I••• I••
Machinerygroup grade Aon a schedule nowsponsor unattributed
Also written as: Emerald JV LP; Verdelite JV LP
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 101¢ · 101¢ · 100¢ · 100¢Q2 2025 to Q2 2026
Where each lender marks it, 1 points apart
100¢101¢
Principal held
at least $47.6M
sum of BDC pieces, a lower bound
Fair value
$47.8M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
6
4 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Dec 22, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| G•••••• S•••• P•••••• C••••• C•••• | $22.5M | 100¢ | 0 pts |
| B••••••••• P•••••• C••••• F••• | $19.3M | 101¢ | 0 pts |
| N•••• H•••• P•••••• I••••• F••• L•• | $5.35M | 100¢ | 0 pts |
| N•••• H•••• P•••••• I••••• F••• A• L•• | $491K | 99¢ | 0 pts |
Every BDC piece · 6 positions across 4 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• B••••••• P••••••• I••••••• R••• 6.98% R•••••••• R••• | $22.5M | $22.5M 100c | SOFR+325 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $9.0M | $9.1M 101c | S+325 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $6.0M | $6.0M 101c | S+325 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• & S••••• S + 4.75% I••••••• R••• 6.98% M••••••• | $5.3M | $5.4M 100c | SOFR+325 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $4.3M | $4.3M 102c | S+325 bp |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N•••• H•••• P•••••• I••••• F••• A• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• and S••••• S + 3.25% I••••••• R••• 6.98% M•••••• | $491,000 | $492,000 99c | SOFR+325 bp |
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 $28.3M | 100c | SOFR+325 bp | Dec 22, 2031 | 3 |
| other lien unstated | at least $19.3M | 101c | S+325 bp | Dec 22, 2031 | 1 |
| second lien term loan second lien exited Sep 30, 2024 | at least $20.0M | 102c | S+675 bp | Dec 1, 2029 | 1 |
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 | 4 | $47.6M | $47.8M | 100c | 0 |
| Mar 31, 2026 | 4 | $47.5M | $47.5M | 100c | 0 |
| Dec 31, 2025 | 4 | $103M | $104M | 101c | 0 |
| Sep 30, 2025 | 4 | $67.4M | $68.0M | 101c | 0 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 4 | $63.8M | $64.0M | 101c | 0 |
| Mar 31, 2025 | 4 | $56.4M | $56.6M | 101c | 0 |
| Dec 31, 2024 | 4 | $113M | $114M | 101c | 0 |
| Sep 30, 2024 | 4 | $66.3M | $66.8M | 101c | 0 |
| Jun 30, 2024 | 4 | $74.2M | $74.6M | 101c | 0 |
| Mar 31, 2024 | 4 | $74.3M | $73.5M | 99c | 0 |
| Dec 31, 2023 | 5 | $160M | $154M | 96c | 0 |
| Sep 30, 2023 | 4 | $71.0M | $68.3M | 97c | 0 |
| Jun 30, 2023 | 4 | $70.9M | $66.7M | 95c | 0 |
| Mar 31, 2023 | 3 | $62.4M | $58.0M | 93c | 0 |
| Dec 31, 2022 | 3 | $88.4M | $81.6M | 93c | 0 |
| Sep 30, 2022 | 1 | $34.0M | $31.6M | 94c | 0 |
| Dec 31, 2021 | 1 | $45.0M | $45.2M | 101c | 0 |
What changed
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- New lender joined a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
Full timeline · 14 eventsShow fewer
- Lender left a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Facility left every BDC scheduleSep 30, 2024
- Maturity extended (observed)Dec 31, 2023
- New lender joined a facilityDec 31, 2023
- Lender left a facilityDec 31, 2023
- Lender left a facilityDec 31, 2023
- Marked down (one lender)Sep 30, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- ICEBOXderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 6 BDCsderived
- Industry
- Machineryreportedas one filer wrote it