DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
T••••••••• H•••••••• I••
Also written as: Inc. Asset Type; Inc. Emerald JV LP; T•••••••••; Verdelite JV LP
What matters now
- 101¢ → 95¢consensus mark
Consensus mark 95¢ on cost, down from 101¢ a year ago, 96¢ last quarter.
Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.
Derived7 of 7 lenders' own marks, weighted by principal - $164Mprincipal outstanding
$164M principal held by 7 lenders; matures Mar 2028.
Q2 2026 · Refinancing is due in 17 months at a 95¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
101¢ · 100¢ · 97¢ · 96¢ · 95¢Q2 2025 to Q2 2026
Where each lender marks it, 4 points apart
94¢98¢
Principal held
at least $164M
sum of BDC pieces, a lower bound
Fair value
$154M
95c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
10
7 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Mar 1, 2028
$86.7M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
2
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 |
|---|---|---|---|
| B••• O•• C••••• I••••• C•••• | $80.4M | 94¢ | -2 pts |
| B••••••••• P•••••• C••••• F••• | $46.3M | 95¢ | -1 pts |
| A••••• D••• S•••••••• B•• | $17.8M | 98¢ | -2 pts |
| B••• O•• T••••••••• I••••• C•••• | $6.29M | 94¢ | -1 pts |
| G•••••• S•••• P•••••• C••••• C•••• | $6.05M | 94¢ | -1 pts |
View all 7 lendersShow fewerlargest exposure first
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A•••••• P•••••• C••••• F••• | $5.02M | 94¢ | -2 pts |
| B•••••• P•••••• C••••• C••• | $2.5M | 94¢ | -1 pts |
Every BDC piece · 9 positions across 7 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• O•• C••••• I••••• C•••• | term loan first lien F•••• lien senior secured loan | N••••••••• I••••• | $80.4M | $75.0M 94c | S+325 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $28.0M | $26.3M 94c | S+325 bp |
| A••••• D••• S•••••••• B•• | term loan first lien Investment T••• F•••• L••• S•••••• D••• - T••• L••• I••••••• R••• S+325, 0.50% F•••• M•••• | $17.8M | $16.7M 98c | SOFR+325 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $11.9M | $11.1M 95c | S+325 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $6.4M | $6.0M 95c | S+325 bp |
View all 9 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• O•• T••••••••• I••••• C•••• | term loan first lien F•••• lien senior secured loan | $6.3M | $5.9M 94c | S+325 bp |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• C••••••••• & P•••••••• I••••••• R••• 6.89% R•••••••• | $6.1M | $5.6M 94c | SOFR+325 bp |
| A•••••• P•••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 3.25% I••••••• R••• 6.91% M• | $5.0M | $4.7M 94c | SOFR+325 bp |
| B•••••• P•••••• C••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $2.5M | $2.3M 94c | S+325 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 $118M | 95c | SOFR+325 bp | Mar 3, 2031 | 7 |
| other lien unstated | at least $46.3M | 95c | S+325 bp | Mar 3, 2031 | 1 |
Equity pieces beside the debt: preferred equity ($5.1M fair value, 1 BDC)
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 | 7 | $164M | $154M | 95c | 0 |
| Mar 31, 2026 | 7 | $165M | $157M | 96c | 0 |
| Dec 31, 2025 | 6 | $164M | $159M | 97c | 0 |
| Sep 30, 2025 | 6 | $155M | $154M | 100c | 0 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 6 | $145M | $145M | 101c | 0 |
| Mar 31, 2025 | 6 | $138M | $137M | 100c | 0 |
| Dec 31, 2024 | 6 | $240M | $239M | 101c | 0 |
| Sep 30, 2024 | 5 | $81.8M | $80.2M | 99c | 0 |
| Jun 30, 2024 | 5 | $79.5M | $79.3M | 101c | 0 |
| Mar 31, 2024 | 5 | $68.1M | $67.4M | 101c | 0 |
| Dec 31, 2023 | 5 | $64.7M | $64.3M | 101c | 0 |
| Sep 30, 2023 | 5 | $42.4M | $41.6M | 100c | 0 |
| Jun 30, 2023 | 4 | $38.0M | $36.8M | 100c | 0 |
| Mar 31, 2023 | 2 | $24.7M | $24.1M | 99c | 0 |
| Dec 31, 2022 | 3 | $54.0M | $51.6M | 97c | 0 |
| Sep 30, 2022 | 1 | $43.2M | $40.7M | 95c | 0 |
| Dec 31, 2021 | 1 | $13.1M | $13.0M | 100c | 0 |
What changed
- New lender joined a facilityMar 31, 2026
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Sep 30, 2025
- New lender joined a facilitySep 30, 2025
- Spread increasedSep 30, 2025
Full timeline · 14 eventsShow fewer
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Lender left a facilityJun 30, 2025
- Maturity shortened (observed)Mar 31, 2025
- Maturity extended (observed)Dec 31, 2024
- Spread increasedDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- New lender joined a facilitySep 30, 2023
Sponsor
Possible relationship, not established: A•• Q• A••••••• L••, because a company of this name is on the sponsor's portfolio page (confidence 0.6). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- A•• Q• A••••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedaeainvestors.com"••• Locked"
- A•• I•••••••• S•• L•
- the sponsor's own portfolio page lists a company of this nameestimatedaeainvestors.com"••• Locked"
Identity
- Group key
- TRICORBRAUNderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 10 BDCsderived
- Industry
- Containers & Packagingreportedas one filer wrote it