DFX Intelligence
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Borrower
R•••••• H•••••• L••
Also written as: Astound Broadband; LLC Emerald JV LP; LLC Verdelite JV LP
Principal held
at least $51.2M
sum of BDC pieces, a lower bound
Fair value
$48.5M
107c on cost, debt pieces
Unfunded
$14.3M
commitments not yet drawn
BDC lenders
7
3 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Jun 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
7
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 $46.0M | 108c | SOFR+400 bp PIK 1.50% | Sep 25, 2029 | 5 |
| first lien delayed draw term loan first lien | at least $5.2M | 100c | SOFR+400 bp | Jun 26, 2029 | 2 |
| other lien unstated | unknown | n/a | unstated | 3 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••••• D••• S•••••••• B•• | delayed draw term loan first lien Investment Type First Lien Secured D••• - Delayed Draw Interest Rate S+400, 1.00% Floor Ma | $204,000 | $205,000 100c | SOFR+400 bp |
| A••••• D••• S•••••••• B•• | term loan first lien Investment Type First Lien Secured D••• - Term Loan Interest Rate S+400 Cash plus 1.50% PI | $27.5M | $24.8M 113c | SOFR+400 bp PIK 1.50% |
| A••••• D••• S•••••••• B•• | term loan first lien Investment Type First Lien Secured D••• - Term Loan Interest Rate S+400, 1.00% Floor Matur | $204,000 | $205,000 102c | SOFR+400 bp |
| A••• S•••••••• I••••• F••• | term loan first lien First lien senior secured loan | $13.3M | $13.3M 101c | S+400 bp |
| A••• S•••••••• I••••• F••• | unstated lien unstated | n/a | n/a | |
| S••••• P•••• S•••••••• L•••••• F••• | term loan first lien 1st Lien/Secured Loans Instrument 1st Lien Term Loan Industry Telecommunications Rate S+4. | $5.0M | $5.0M 101c | SOFR+400 bp |
| S••••• P•••• S•••••••• L•••••• F••• | delayed draw term loan first lien 1st Lien/Secured Loans Instrument 1st Lien Delayed Draw Term Loan Industry Telecommunicati | $5.0M | $5.0M 100c | SOFR+400 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 | $51.2M | $48.5M | 107c | 1 |
| Mar 31, 2026 | 4 | $78.2M | $63.3M | 102c | 3 |
| Dec 31, 2025 | 5 | $85.7M | $63.5M | 91c | 4 |
| Sep 30, 2025 | 2 | $36.4M | $29.4M | 83c | 3 |
| Jun 30, 2025 | 2 | $38.3M | $33.4M | 89c | 2 |
| Mar 31, 2025 | 2 | $41.3M | $35.5M | 89c | 0 |
| Dec 31, 2024 | 2 | $86.1M | $75.5M | 91c | 0 |
| Sep 30, 2024 | 1 | $30.6M | $26.4M | 86c | 0 |
| Jun 30, 2024 | 1 | $30.7M | $24.9M | 81c | 0 |
| Mar 31, 2024 | 2 | $55.1M | $46.3M | 84c | 0 |
| Dec 31, 2023 | 3 | $76.9M | $61.9M | 81c | 0 |
| Sep 30, 2023 | 3 | $70.1M | $57.6M | 83c | 0 |
| Jun 30, 2023 | 3 | $70.3M | $58.9M | 84c | 0 |
| Mar 31, 2023 | 3 | $63.6M | $52.3M | 82c | 0 |
| Dec 31, 2022 | 3 | $67.7M | $55.3M | 82c | 0 |
| Sep 30, 2022 | 1 | $50.6M | $46.9M | 93c | 0 |
| Dec 31, 2021 | 1 | $27.0M | $26.9M | 100c | 0 |
What changed
- Lender left a facilityMar 31, 2026
- Spread increasedMar 31, 2026
- Mark recoveredDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Spread changed (observed)Dec 31, 2025
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- New lender joined a facilityDec 31, 2025
- Maturity extended (observed)Sep 30, 2025
- Marked down across lendersSep 30, 2025
- Spread changed (observed)Sep 30, 2025
- PIK interest appearsSep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Spread increasedSep 30, 2025
- Spread increasedSep 30, 2025
- PIK interest appearsSep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- PIK interest appearsJun 30, 2025
- Mark recoveredDec 31, 2024
- Lender left a facilityMar 31, 2024
- Lender left a facilityDec 31, 2023
- Marked down (one lender)Dec 31, 2022
- Marked down (one lender)Sep 30, 2022
Sponsor
- S••••••••
- the sponsor's own portfolio page lists a company of this nameestimatedstonepeak.com"••• Locked"
Identity
- Group key
- RADIATEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 7 BDCsderived
- Industry
- Mediareportedas one filer wrote it