DFX Intelligence
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Borrower
R••••• H•••••••• I••
Household Durablesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Consumer; Emerald JV LP; Inc. 1 Emerald JV LP; Inc. First and; Inc. Verdelite JV LP
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 101¢ · 100¢ · 100¢Q2 2025 to Q2 2026
Where each lender marks it, 1 points apart
99¢100¢
Principal held
at least $22.6M
sum of BDC pieces, a lower bound
Fair value
$22.6M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
10
4 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Feb 20, 2030
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
4
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 |
|---|---|---|---|
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | $11.9M | 100¢ | -1 pts |
| N•••• H•••• P•••••• I••••• F••• L•• | $6.39M | 99¢ | -1 pts |
| F••••••• B•• C•••••• C••• | $3.32M | 100¢ | -1 pts |
| N•••• H•••• P•••••• I••••• F••• A• L•• | $980K | 99¢ | 0 pts |
Every BDC piece · 4 positions across 4 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien F•••• L••• D••• | $11.9M | $11.9M 100c | S+375 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• & S••••• S +3.75%I••••••• R••• 7.42% M••••••• D• | $6.4M | $6.4M 99c | SOFR+375 bp |
| F••••••• B•• C•••••• C••• | unstated lien unstated | $3.3M | $3.3M 100c | S+375 bp |
| N•••• H•••• P•••••• I••••• F••• A• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• and S••••• S + 3.75% I••••••• R••• 7.42% M•••••• | $980,000 | $978,000 99c | SOFR+375 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 $19.2M | 100c | SOFR+375 bp | Feb 20, 2030 | 7 |
| other lien unstated | at least $3.3M | 100c | S+375 bp | Feb 21, 2030 | 5 |
| second lien term loan second lien exited Dec 31, 2024 | at least $3.0M | 102c | SOFR+450 bp | Feb 20, 2030 | 1 |
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 | 4 | $22.6M | $22.6M | 100c | 0 |
| Mar 31, 2026 | 5 | $26.1M | $26.2M | 100c | 0 |
| Dec 31, 2025 | 5 | $31.9M | $32.1M | 101c | 0 |
| Sep 30, 2025 | 7 | $40.5M | $40.5M | 100c | 0 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 6 | $28.3M | $28.4M | 100c | 0 |
| Mar 31, 2025 | 5 | $45.1M | $45.0M | 100c | 0 |
| Dec 31, 2024 | 6 | $58.6M | $59.1M | 101c | 0 |
| Sep 30, 2024 | 4 | $36.9M | $37.0M | 101c | 0 |
| Jun 30, 2024 | 4 | $28.5M | $28.7M | 101c | 0 |
| Mar 31, 2024 | 3 | $28.3M | $28.4M | 101c | 0 |
| Dec 31, 2023 | 2 | $5.2M | $5.2M | 102c | 0 |
| Sep 30, 2023 | 2 | $5.6M | $5.6M | 101c | 0 |
| Jun 30, 2023 | 2 | $30.1M | $30.1M | 100c | 0 |
| Mar 31, 2023 | 2 | $28.0M | $28.0M | 100c | 0 |
| Dec 31, 2022 | 2 | $42.2M | $42.1M | 100c | 0 |
| Sep 30, 2022 | 1 | $12.0M | $11.7M | 97c | 0 |
| Dec 31, 2021 | 2 | $55.8M | $55.7M | 100c | 0 |
What changed
- Lender left a facilityMar 31, 2026
- New lender joined a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
- New lender joined a facilityJun 30, 2025
Full timeline · 24 eventsShow fewer
- Spread changed (observed)Mar 31, 2025
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- Lender left a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- New lender joined a facilityJun 30, 2024
- Spread increasedJun 30, 2024
- New lender joined a facilityMar 31, 2024
- Lender left a facilityDec 31, 2023
- Maturity extended (observed)Sep 30, 2023
- Lender left a facilityJun 30, 2023
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- RECESSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 10 BDCsderived
- Industry
- Household Durablesreportedas one filer wrote it