DFX Intelligence
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Borrower
S•••••• I••••••••• H•••••••• I••
group grade Aon a schedule nowsponsor unattributed
Also written as: Emerald JV LP; S•••••• I••••••••• H••••••• Inc 1; S•••••• I••••••••• H••••••• Inc 2
Principal held
at least $16.2M
sum of BDC pieces, a lower bound
Fair value
$16.2M
100c on cost, debt pieces
Unfunded
$1.9M
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Feb 26, 2032
no dated debt inside 24 months
On the tape since
Mar 31, 2025
latest Jun 30, 2026
Events
3
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| delayed draw term loan lien unstated | at least $16.2M | 100c | S+200 bp | Feb 26, 2032 | 1 |
| other lien unstated exited Mar 31, 2025 | at least $21.1M | 99c | S+275 bp | Feb 26, 2032 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated | $15.0M | $15.0M 100c | S+200 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | n/a | n/a | |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | n/a | n/a | |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated | $1.2M | $1.2M 101c | S+200 bp |
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 | 1 | $16.2M | $16.2M | 100c | 0 |
| Mar 31, 2026 | 1 | $25.1M | $25.1M | 101c | 0 |
| Dec 31, 2025 | 1 | $24.9M | $25.0M | 101c | 0 |
| Sep 30, 2025 | 1 | $23.1M | $23.1M | 101c | 0 |
| Jun 30, 2025 | 1 | $23.0M | $23.0M | 101c | 0 |
| Mar 31, 2025 | 1 | $21.1M | $20.8M | 99c | 0 |
What changed
- Spread changed (observed)Jun 30, 2026
- New borrower on a BDC scheduleMar 31, 2025
- Facility left every BDC scheduleMar 31, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- SANDERS INDUSTRIESderivedthe codename stem after legal suffixes and deal words
- Spellings
- 3 across 1 BDCderived