DFX Intelligence
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Borrower
R•••••• • R••••••• U•• L••
group grade Aoff every schedule since Mar 31, 2024sponsor unattributed
Also written as: LLC Emerald JV LP
Nothing material in the last 200 days. Last change: 31 Mar 2024, Consensus mark 96¢ on cost, up from 93¢ a year ago, 94¢ last quarter.
Mark path, consensus per quarter end
93¢ · 90¢ · 87¢ · 94¢ · 96¢Q1 2023 to Q1 2024
Principal held
at least $8.0M
sum of BDC pieces, a lower bound
Fair value
$7.7M
96c 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
Jul 14, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2024
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $8.03M | 96¢ | +2 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $5.1M | $4.9M 96c | S+350 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $2.9M | $2.8M 95c | S+350 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Mar 31, 2024 | at least $8.0M | 96c | S+350 bp | Jul 14, 2028 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2024 | 1 | $8.0M | $7.7M | 96c | 0 |
| Dec 31, 2023 | 1 | $8.1M | $7.6M | 94c | 0 |
| Sep 30, 2023 | 1 | $8.1M | $7.0M | 87c | 0 |
| Jun 30, 2023 | 1 | $8.1M | $7.3M | 90c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2023 | 1 | $5.2M | $4.8M | 93c | 0 |
| Dec 31, 2022 | 1 | $8.1M | $7.4M | 91c | 0 |
| Sep 30, 2022 | 1 | $5.2M | $4.7M | 91c | 0 |
| Dec 31, 2021 | 1 | $5.2M | $5.2M | 101c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2024
- 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
- RECYCLE AND RESOURCEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived