DFX Intelligence
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Borrower
2•• I••
Diversified Consumer Servicesgroup grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Also written as: Inc. Emerald JV LP
Nothing material in the last 200 days. Last change: 30 Jun 2024, Consensus mark 96¢ on cost, down from 101¢ a year ago, 99¢ last quarter.
Mark path, consensus per quarter end
101¢ · 98¢ · 96¢ · 99¢ · 96¢Q2 2023 to Q2 2024
Principal held
at least $14.9M
sum of BDC pieces, a lower bound
Fair value
$13.8M
96c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Dec 28, 2026
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2024
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••••• D••• S•••••••• B•• | $14.9M | 96¢ | -3 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••••• D••• S•••••••• B•• | term loan first lien Investment T••• - F•••• L••• S•••••• D••• - T••• L••• I••••••• R••• S+650, 0.75% F•••• M•• | $14.9M | $13.8M 96c | S+650 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Sep 30, 2023 | at least $44.9M | 98c | S+650 bp | Dec 28, 2026 | 1 |
| first lien term loan first lien exited Jun 30, 2024 | at least $14.9M | 96c | S+650 bp | Dec 28, 2026 | 1 |
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, 2024 | 1 | $14.9M | $13.8M | 96c | 0 |
| Mar 31, 2024 | 1 | $15.0M | $14.3M | 99c | 0 |
| Dec 31, 2023 | 1 | $16.3M | $15.0M | 96c | 0 |
| Sep 30, 2023 | 3 | $66.0M | $61.6M | 98c | 0 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 3 | $71.4M | $69.0M | 101c | 0 |
| Mar 31, 2023 | 3 | $26.9M | $25.8M | 262c | 0 |
| Dec 31, 2022 | 3 | $115M | $111M | 100c | 0 |
| Sep 30, 2022 | 2 | $78.6M | $77.7M | 100c | 0 |
| Dec 31, 2021 | 2 | $131M | $131M | 101c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- Facility left every BDC scheduleSep 30, 2023
- Maturity extended (observed)Mar 31, 2023
- Spread changed (observed)Mar 31, 2023
- Spread increasedMar 31, 2023
Full timeline · 10 eventsShow fewer
- Spread increasedMar 31, 2023
- Spread increasedMar 31, 2023
- Maturity extended (observed)Mar 31, 2023
- Maturity extended (observed)Mar 31, 2023
- Maturity extended (observed)Mar 31, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- 2Uderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Diversified Consumer Servicesreportedas one filer wrote it