DFX Intelligence
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Borrower
S•••••••• B•••••••• L••
Also written as: Verdelite JV LP
What matters now
- 100¢ → 101¢consensus mark
Consensus mark 101¢ on cost, up from 100¢ a year ago, 99¢ last quarter.
Q1 2026 · The lenders' own valuations moved back up.
Derived1 of 1 lender' own marks, weighted by principal
Mark path, consensus per quarter end
100¢ · 101¢ · 96¢ · 99¢ · 101¢Q3 2024 to Q1 2026
Principal held
at least $992,405
sum of BDC pieces, a lower bound
Fair value
$991,373
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Mar 17, 2031
no dated debt inside 24 months
On the tape since
Mar 31, 2024
latest Mar 31, 2026
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2026, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A• P•••••• L•••••• F••• | $992K | 101¢ | new this quarter |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A• P•••••• L•••••• F••• | term loan first lien US C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 7.76% (S + 4.10%; 0.00% F•• | $992,405 | $991,373 101c | SOFR+410 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Mar 31, 2026 | at least $992,405 | 101c | SOFR+410 bp | Mar 17, 2031 | 1 |
| other lien unstated exited Jun 30, 2025 | at least $241,000 | 99c | S+400 bp | Mar 25, 2031 | 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, 2026 | 1 | $992,405 | $991,373 | 101c | 0 |
| Jun 30, 2025 | 1 | $241,000 | $238,000 | 99c | 0 |
| Mar 31, 2025 | 1 | $3.6M | $3.4M | 96c | 0 |
| Dec 31, 2024 | 1 | $9.4M | $9.5M | 101c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2024 | 1 | $4.7M | $4.7M | 100c | 0 |
| Jun 30, 2024 | 1 | $4.7M | $4.8M | 100c | 0 |
| Mar 31, 2024 | 1 | $1.8M | $1.8M | 101c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2026
- Facility left every BDC scheduleJun 30, 2025
- New borrower on a BDC scheduleMar 31, 2024
Sponsor
Possible relationship, not established: C••••••• D••••••• • R•••• L••, because a company of this name is on the sponsor's portfolio page (confidence 0.55). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- C••••••• D••••••• • R•••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedcdr.com"••• Locked"
- S•••••••• C•••••• L••
- the sponsor's own portfolio page lists a company of this nameestimatedshorehillcapital.com"••• Locked"
Identity
- Group key
- SUNSOURCEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Machineryreportedas one filer wrote it