DFX Intelligence
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Borrower
H•••••• S••••••
Construction and Engineeringgroup grade Aon a schedule nowsponsor unattributed
Also written as: Emerald JV LP; S•••••• US Holding Inc
Principal held
at least $5.3M
sum of BDC pieces, a lower bound
Fair value
$5.3M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
3
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jun 2, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2024
latest Jun 30, 2026
Events
4
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 $3.9M | 100c | SOFR+275 bp | Jun 2, 2031 | 2 |
| other lien unstated | at least $1.4M | 100c | S+275 bp | Jun 2, 2031 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $1.4M | $1.4M 100c | S+275 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien Investment F•••• L••• S••••• S•••••• L••• I••••••• R••• 6.37% (S + 2.75%) M••••••• D••• 6/ | $3.9M | $3.9M 100c | SOFR+275 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 | 2 | $5.3M | $5.3M | 100c | 0 |
| Mar 31, 2026 | 2 | $5.3M | $5.3M | 100c | 0 |
| Dec 31, 2025 | 2 | $9.3M | $9.4M | 101c | 0 |
| Sep 30, 2025 | 3 | $11.2M | $11.3M | 101c | 0 |
| Jun 30, 2025 | 2 | $5.3M | $5.4M | 101c | 0 |
| Mar 31, 2025 | 2 | $6.5M | $6.5M | 100c | 0 |
| Dec 31, 2024 | 2 | $6.8M | $6.8M | 101c | 0 |
What changed
- Spread changed (observed)Mar 31, 2026
- nport default reportedDec 31, 2025••• Locked
- Maturity extended (observed)Sep 30, 2025
- New lender joined a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Spread increasedJun 30, 2025
- Maturity shortened (observed)Jun 30, 2025
- Maturity extended (observed)Mar 31, 2025
- New borrower on a BDC scheduleDec 31, 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
- SOCOTECderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 3 BDCsderived
- Industry
- Construction and Engineeringreportedas one filer wrote it