DFX Intelligence
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Borrower
A••••• P••••••••• L••
Containers and P••••••••group grade Aoff every schedule since Sep 30, 2025sponsor unattributed
Also written as: Emerald JV LP; LLC Asset Type; Verdelite JV LP
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢ · 100¢Q3 2024 to Q3 2025
Where each lender marks it on the first lien term loan, 0 points apart
100¢100¢
Principal held
at least $56.4M
sum of BDC pieces, a lower bound
Fair value
$56.5M
100c on cost, debt pieces
Unfunded
$100,000
commitments not yet drawn
BDC lenders
8
4 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Apr 17, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Sep 30, 2025
Events
6
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••• O•• C••••• I••••• C•••• | $40.4M | 100¢ | 0 pts |
| B••••••••• P•••••• C••••• F••• | $10.9M | 100¢ | 0 pts |
| A••• S•••••••• I••••• F••• | $4.99M | 100¢ | new this quarter |
| A•••••• P•••••• C••••• F••• | $100K | no cost filed | no comparable mark |
Every BDC piece · 7 positions across 4 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 | $40.4M | $40.5M 100c | S+325 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $5.2M | $5.2M 100c | S+325 bp |
| A••• S•••••••• I••••• F••• | term loan first lien F•••• lien senior secured loan | $5.0M | $5.0M 100c | S+325 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $5.0M | $5.0M 100c | S+325 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $741,000 | $745,000 101c | S+325 bp |
View all 7 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••••• P•••••• C••••• F••• | revolver first lien Asset T••• F•••• L••• R••••••• R•••••••• R••• and S••••• S + 3.25% I••••••• R••• 7.23% M•• | $100,000 | $0 | SOFR+325 bp |
| A•••••• P•••••• C••••• F••• | revolver first lien C••••••••• T••• R••••••• C••••••••• E••••••••• D••• 4/17/2029 | Not disclosed | $0 |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2025 | at least $45.4M | 100c | S+325 bp | Jul 1, 2029 | 2 |
| other lien unstated exited Sep 30, 2025 | at least $10.9M | 100c | S+325 bp | Jul 18, 2029 | 1 |
| first lien revolver first lien exited Sep 30, 2025 | at least $100,000 | n/a | SOFR+325 bp | Apr 17, 2029 | 1 |
| revolver lien unstated exited Dec 31, 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, 2025 | 4 | $56.4M | $56.5M | 100c | 0 |
| Jun 30, 2025 | 3 | $58.5M | $58.7M | 100c | 0 |
| Mar 31, 2025 | 3 | $60.7M | $60.5M | 100c | 0 |
| Dec 31, 2024 | 4 | $116M | $117M | 100c | 0 |
All 13 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2024 | 3 | $53.9M | $54.0M | 100c | 0 |
| Jun 30, 2024 | 4 | $62.0M | $62.0M | 100c | 0 |
| Mar 31, 2024 | 1 | $744,000 | $745,000 | 101c | 0 |
| Dec 31, 2023 | 1 | $746,000 | $743,000 | 100c | 0 |
| Sep 30, 2023 | 1 | $748,000 | $743,000 | 100c | 0 |
| Jun 30, 2023 | 1 | $2.5M | $2.4M | 99c | 0 |
| Dec 31, 2022 | 1 | $44.4M | $42.7M | 96c | 0 |
| Sep 30, 2022 | 1 | $24.3M | $23.5M | 97c | 0 |
| Dec 31, 2021 | 1 | $48.9M | $48.4M | 99c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2025
- Facility left every BDC scheduleSep 30, 2025
- Facility left every BDC scheduleSep 30, 2025
- Facility left every BDC scheduleDec 31, 2024
- Maturity extended (observed)Jun 30, 2024
Full timeline · 9 eventsShow fewer
- New lender joined a facilityJun 30, 2024
- New lender joined a facilityJun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- 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
- A••••• P••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 8 BDCsderived
- Industry
- Containers and P••••••••reportedas one filer wrote it