DFX Intelligence
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Borrower
P••• I••••••••• H•••••••• L••
group grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Also written as: LLC Emerald JV LP
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
99¢ · 101¢ · 102¢ · 102¢Q3 2023 to Q2 2024
Principal held
unknown
sum of BDC pieces, a lower bound
Fair value
Not disclosed
n/a on cost, debt pieces
Unfunded
$21.1M
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2024
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | no principal filed | no cost filed | no comparable mark |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | |
| B••••••••• P•••••• C••••• F••• | revolver lien unstated R••••••• | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Jun 30, 2024 | at least $101M | 102c | S+575 bp | Oct 16, 2028 | 2 |
| revolver lien unstated exited Sep 30, 2024 | unknown | n/a | unstated | 1 | |
| delayed draw term loan lien unstated exited Sep 30, 2024 | unknown | n/a | unstated | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2024 | 1 | $0 | $0 | n/a | 0 |
| Jun 30, 2024 | 2 | $101M | $100M | 102c | 0 |
| Mar 31, 2024 | 2 | $96.5M | $96.1M | 102c | 0 |
| Dec 31, 2023 | 2 | $157M | $154M | 101c | 0 |
All 10 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 2 | $92.1M | $89.0M | 99c | 0 |
| Jun 30, 2023 | 2 | $92.4M | $89.3M | 99c | 0 |
| Mar 31, 2023 | 2 | $29.1M | $28.0M | 98c | 0 |
| Dec 31, 2022 | 2 | $92.7M | $89.6M | 99c | 0 |
| Sep 30, 2022 | 2 | $36.2M | $34.8M | 98c | 0 |
| Dec 31, 2021 | 2 | $67.5M | $65.8M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- Facility left every BDC scheduleSep 30, 2024
- Facility left every BDC scheduleJun 30, 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
- P••• INTERMEDIATE HOLDINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived