DFX Intelligence
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Borrower
U•••••• D••• • H••••••• G••••• L••
group grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Also written as: Emerald JV LP; LLC 1 Emerald JV LP
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
97¢ · 98¢ · 99¢ · 100¢ · 101¢Q2 2023 to Q2 2024
Principal held
at least $203M
sum of BDC pieces, a lower bound
Fair value
$203M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Jun 30, 2025
$203M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2024
Events
1
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 |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $105M | 101¢ | +1 pts |
| B••••••••• S•••••• L•••••• F••• | $97.8M | 101¢ | +1 pts |
Every BDC piece · 5 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated | $93.3M | $93.3M 100c | S+575 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $63.4M | $63.4M 101c | S+575 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $38.7M | $38.7M 100c | S+575 bp |
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated | $4.6M | $4.6M 102c | S+575 bp |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated | $3.1M | $3.1M 102c | S+575 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 Jun 30, 2024 | at least $203M | 101c | S+575 bp | Jun 30, 2025 | 2 |
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 | 2 | $203M | $203M | 101c | 0 |
| Mar 31, 2024 | 2 | $197M | $195M | 100c | 0 |
| Dec 31, 2023 | 2 | $237M | $232M | 99c | 0 |
| Sep 30, 2023 | 2 | $198M | $192M | 98c | 0 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 2 | $199M | $191M | 97c | 0 |
| Mar 31, 2023 | 2 | $160M | $153M | 97c | 0 |
| Dec 31, 2022 | 2 | $200M | $196M | 99c | 0 |
| Sep 30, 2022 | 2 | $148M | $144M | 99c | 0 |
| Dec 31, 2021 | 2 | $202M | $201M | 101c | 0 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- Maturity shortened (observed)Mar 31, 2023
- Maturity shortened (observed)Mar 31, 2023
- Maturity extended (observed)Dec 31, 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
- UNIFIED DOOR AND HARDWAREderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived