DFX Intelligence
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Borrower
F••••••• E••••••••• L••
Hotels, Restaurants and Leisuregroup grade Aon a schedule nowsponsor unattributed
Also written as: Emerald JV LP; LLC First and; NV; Verdelite JV LP
Principal held
at least $56.0M
sum of BDC pieces, a lower bound
Fair value
$56.0M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
12
7 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Jan 1, 2029
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Jun 30, 2026
Events
2
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated | at least $32.3M | 101c | S+325 bp | Jan 27, 2029 | 3 |
| first lien term loan first lien | at least $23.7M | 100c | SOFR+325 bp | Jan 27, 2029 | 7 |
| second lien term loan second lien exited Dec 31, 2023 | at least $2.0M | 102c | S+400 bp | Jan 27, 2029 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• S•••••••• I••••• F••• | term loan first lien F•••• lien senior secured loan | $8.9M | $8.9M 100c | S+325 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref S•••(M) F•••• 0.50% S••••• 3.25% T•••• C••••• 7.72% M• | $3.8M | $3.8M 100c | SOFR+325 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $15.0M | $15.0M 100c | S+325 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $2.7M | $2.7M 101c | S+325 bp |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• H•••••, R••••••••• & L•••••• I••••••• R••• 6.89% R•• | $5.6M | $5.6M 100c | SOFR+325 bp |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien S••••• secured | $5.5M | $5.5M 100c | S+325 bp |
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated N••••••••• I••••• | $4.9M | $4.9M 100c | S+325 bp |
| H•• C•••••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $9.7M | $9.7M 102c | S+325 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 | 7 | $56.0M | $56.0M | 100c | 0 |
| Mar 31, 2026 | 8 | $92.3M | $90.6M | 98c | 0 |
| Dec 31, 2025 | 8 | $134M | $134M | 100c | 0 |
| Sep 30, 2025 | 9 | $159M | $159M | 100c | 0 |
| Jun 30, 2025 | 7 | $101M | $101M | 101c | 0 |
| Mar 31, 2025 | 7 | $89.3M | $87.9M | 99c | 0 |
| Dec 31, 2024 | 7 | $117M | $118M | 101c | 0 |
| Sep 30, 2024 | 8 | $83.7M | $83.5M | 100c | 0 |
| Jun 30, 2024 | 7 | $77.5M | $77.6M | 101c | 0 |
| Mar 31, 2024 | 5 | $53.3M | $53.5M | 102c | 0 |
| Dec 31, 2023 | 7 | $69.8M | $69.9M | 102c | 0 |
| Sep 30, 2023 | 7 | $58.7M | $58.2M | 101c | 0 |
| Jun 30, 2023 | 5 | $49.2M | $48.7M | 101c | 0 |
| Mar 31, 2023 | 5 | $31.7M | $31.3M | 146c | 0 |
| Dec 31, 2022 | 3 | $59.9M | $57.1M | 96c | 0 |
| Sep 30, 2022 | 1 | $38.0M | $35.3M | 94c | 0 |
What changed
- Lender left a facilityMar 31, 2026
- Lender left a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- Lender left a facilitySep 30, 2024
- New lender joined a facilitySep 30, 2024
- Facility left every BDC scheduleDec 31, 2023
- New lender joined a facilitySep 30, 2023
- New lender joined a facilityMar 31, 2023
- New lender joined a facilityMar 31, 2023
- New borrower on a BDC scheduleSep 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
- F••••••• E•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 12 BDCsderived
- Industry
- Hotels, Restaurants and Leisurereportedas one filer wrote it