DFX Intelligence
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Borrower
C•••••• H•••••• C•••••••••
group grade Aon a schedule nowsponsor unattributed
Also written as: Verdelite JV LP
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢ · 100¢Q1 2025 to Q2 2026
Where each lender marks it, 0 points apart
100¢100¢
Principal held
at least $10.5M
sum of BDC pieces, a lower bound
Fair value
$10.4M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
6
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jan 1, 2031
no dated debt inside 24 months
On the tape since
Jun 30, 2023
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 |
|---|---|---|---|
| A••• S•••••••• I••••• F••• | $5.97M | 100¢ | 0 pts |
| A••• C••• I••••••••• F••• | $4.48M | 100¢ | 0 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• S•••••••• I••••• F••• | term loan first lien F•••• lien senior secured loan | $6.0M | $6.0M 100c | S+225 bp |
| A••• C••• I••••••••• F••• | term loan first lien F•••• lien senior secured loans | $4.5M | $4.5M 100c | S+225 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 $10.5M | 100c | S+225 bp | Jan 1, 2031 | 4 |
| other lien unstated exited Jun 30, 2024 | at least $744,000 | 100c | S+250 bp | Nov 30, 2028 | 2 |
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 | $10.5M | $10.4M | 100c | 0 |
| Mar 31, 2026 | 2 | $10.5M | $10.4M | 100c | 0 |
| Dec 31, 2025 | 2 | $10.5M | $10.5M | 100c | 0 |
| Sep 30, 2025 | 2 | $8.0M | $8.0M | 100c | 0 |
All 12 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2025 | 1 | $2.6M | $2.6M | 100c | 0 |
| Dec 31, 2024 | 1 | $2.6M | $2.6M | 100c | 0 |
| Sep 30, 2024 | 2 | $9.4M | $9.4M | 100c | 0 |
| Jun 30, 2024 | 3 | $10.2M | $10.2M | 100c | 0 |
| Mar 31, 2024 | 3 | $10.2M | $10.2M | 100c | 0 |
| Dec 31, 2023 | 3 | $6.8M | $6.8M | 100c | 0 |
| Sep 30, 2023 | 3 | $1.7M | $1.7M | 100c | 0 |
| Jun 30, 2023 | 2 | $1.2M | $1.0M | 101c | 0 |
What changed
- Maturity extended (observed)Sep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- Lender left a facilityMar 31, 2025
- Lender left a facilitySep 30, 2024
Full timeline · 9 eventsShow fewer
- Facility left every BDC scheduleJun 30, 2024
- New lender joined a facilityDec 31, 2023
- New lender joined a facilitySep 30, 2023
- New borrower on a BDC scheduleJun 30, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- COVANTAderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 6 BDCsderived