DFX Intelligence
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Borrower
W••• N•••• E••••••••• L••
group grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Also written as: LLC 1 Emerald JV LP; LLC Emerald JV LP; Verdelite JV LP
Nothing material in the last 200 days. Last change: 31 Dec 2023, Consensus mark 101¢ on cost, up from 98¢ a year ago, 99¢ last quarter.
Mark path, consensus per quarter end
98¢ · 100¢ · 99¢ · 99¢ · 101¢Q4 2022 to Q4 2023
Principal held
at least $29.2M
sum of BDC pieces, a lower bound
Fair value
$29.3M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Dec 21, 2027
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Dec 31, 2023
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $29.2M | 101¢ | +2 pts |
Every BDC piece · 5 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $15.2M | $15.2M 100c | S+375 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $5.0M | $5.1M 101c | S+375 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $5.0M | $5.1M 101c | S+375 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $2.0M | $2.0M 101c | S+375 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $2.0M | $2.0M 101c | S+375 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Dec 31, 2023 | at least $29.2M | 101c | S+375 bp | Dec 21, 2027 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1 | $29.2M | $29.3M | 101c | 0 |
| Sep 30, 2023 | 1 | $21.3M | $20.9M | 99c | 0 |
| Jun 30, 2023 | 1 | $15.3M | $15.1M | 99c | 0 |
| Mar 31, 2023 | 1 | $9.3M | $9.3M | 100c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $20.6M | $20.3M | 98c | 0 |
| Sep 30, 2022 | 1 | $32.0M | $31.0M | 97c | 0 |
| Dec 31, 2021 | 1 | $48.5M | $48.6M | 100c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 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
- W••• N•••• E••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived