DFX Intelligence
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Borrower
i••••••••• I••
group grade Aon a schedule nowsponsor unattributed
Also written as: Emerald JV LP
Principal held
at least $282,225
sum of BDC pieces, a lower bound
Fair value
$257,235
91c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
3
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
May 1, 2029
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Jun 30, 2026
Events
12
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| notes lien unstated | at least $282,225 | 91c | May 1, 2030 | 1 | |
| other lien unstated exited Mar 31, 2024 | at least $5.0M | 90c | S+300 bp | May 1, 2026 | 1 |
| first lien term loan first lien exited Mar 31, 2026 | at least $3.5M | 101c | S+578 bp | unstated | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••••• C••••••• I••• | notes lien unstated C•••••••• B•••• | 5/1/2030 | $171,258 | $149,417 87c | |
| N••••••• C••••••• I••• | notes lien unstated C•••••••• B•••• | 5/1/2029 | $110,967 | $107,818 97c |
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 | $282,225 | $257,235 | 91c | 0 |
| Mar 31, 2026 | 2 | $3.8M | $3.3M | 99c | 0 |
| Dec 31, 2025 | 1 | $282,225 | $255,106 | 94c | 0 |
| Sep 30, 2025 | 1 | $282,225 | $215,622 | 81c | 0 |
| Jun 30, 2025 | 1 | $282,225 | $175,477 | 67c | 0 |
| Mar 31, 2025 | 1 | $282,225 | $174,273 | 68c | 0 |
| Dec 31, 2024 | 1 | $282,225 | $228,324 | 91c | 0 |
| Sep 30, 2024 | 1 | $330,881 | $217,581 | 24c | 0 |
| Jun 30, 2024 | 1 | $330,881 | $170,310 | 19c | 0 |
| Mar 31, 2024 | 2 | $5.3M | $4.6M | 80c | 0 |
| Dec 31, 2023 | 2 | $10.3M | $8.9M | 84c | 0 |
| Sep 30, 2023 | 2 | $5.3M | $4.8M | 83c | 0 |
| Jun 30, 2023 | 1 | $5.0M | $4.3M | 90c | 0 |
| Dec 31, 2022 | 2 | $5.3M | $4.9M | 86c | 0 |
What changed
- Mark recoveredJun 30, 2026
- Facility left every BDC scheduleMar 31, 2026
- Marked down across lendersMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Mark recoveredDec 31, 2025
- Mark recoveredSep 30, 2025
- Marked down across lendersMar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Mark recoveredDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Mark recoveredSep 30, 2024
- Marked down across lendersJun 30, 2024
- Marked down (one lender)Jun 30, 2024
- Facility left every BDC scheduleMar 31, 2024
- 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
- IHEARTCOMMUNICATIONSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived