DFX Intelligence
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Borrower
S•••• G••• I••
Hotel, Gaming & Leisuregroup grade Aon a schedule nowsponsor unattributed
Also written as: Inc. 1 Emerald JV LP; Inc. 2 Emerald JV LP
Principal held
at least $3.7M
sum of BDC pieces, a lower bound
Fair value
$3.3M
92c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
4
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Nov 15, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
4
dated, non-routine
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 $3.7M | 92c | S+600 bp | Nov 15, 2029 | 3 |
| other lien unstated exited Dec 31, 2022 | at least $28.8M | 93c | S+425 bp | Jun 30, 2028 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• P•••••• C••••• C••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $3.5M | $3.2M 92c | S+600 bp |
| S••••• C•••• C•••••• C••• | term loan first lien F•••• L••• - T••• L••• | $155,000 | $139,000 90c | S+610 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 | 2 | $3.7M | $3.3M | 92c | 0 |
| Mar 31, 2026 | 2 | $3.7M | $2.9M | 81c | 0 |
| Dec 31, 2025 | 2 | $3.9M | $3.4M | 91c | 0 |
| Sep 30, 2025 | 1 | $156,000 | $148,000 | 95c | 0 |
| Jun 30, 2025 | 1 | $516,000 | $508,000 | 98c | 0 |
| Dec 31, 2024 | 1 | $1.3M | $1.3M | 99c | 0 |
| Mar 31, 2023 | 1 | $688,386 | $589,141 | 100c | 0 |
| Dec 31, 2022 | 1 | $28.8M | $26.4M | 93c | 0 |
| Sep 30, 2022 | 1 | $46.4M | $41.7M | 91c | 0 |
| Dec 31, 2021 | 1 | $12.2M | $12.1M | 99c | 0 |
What changed
- Mark recoveredJun 30, 2026
- Marked down across lendersMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- New lender joined a facilityDec 31, 2025
- Maturity extended (observed)Dec 31, 2024
- Lender left a facilityMar 31, 2023
- Facility left every BDC scheduleDec 31, 2022
- Marked down (one lender)Sep 30, 2022
- Spread increasedSep 30, 2022
- Maturity extended (observed)Sep 30, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- S•••• G•••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived
- Industry
- Hotel, Gaming & Leisurereportedas one filer wrote it