DFX Intelligence
Private Credit Intelligence
The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.
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Borrower
M• S•• I• L••
Mediagroup grade Aon a schedule nowsponsor unattributed
Also written as: Indigo; LLC - Funded; LLC 1; LLC 1 Emerald JV LP; LLC 1 Verdelite JV LP; LLC 2; LLC 2 Emerald JV LP; LLC 2 Verdelite JV LP
Principal held
at least $25.7M
sum of BDC pieces, a lower bound
Fair value
$23.4M
93c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
18
6 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
May 3, 2028
$10.8M inside 24 months
On the tape since
Dec 31, 2021
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 |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $20.3M | 91c | SOFR+425 bp | Dec 31, 2031 | 11 |
| other lien unstated | at least $5.3M | 99c | S+425 bp | May 3, 2028 | 5 |
| term loan lien unstated exited Dec 31, 2024 | at least $4.0M | 100c | SOFR+425 bp | Dec 31, 2031 | 1 |
| second lien term loan second lien exited Sep 30, 2025 | at least $1.9M | 87c | S+625 bp | Feb 1, 2029 | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••••• P•••••• C••••• F••• | term loan first lien Asset Type F•••• Lien Term Loan Reference Rate and Spread S + 4.25% Interest Rate 7.91% Ma | $2.5M | $2.1M 88c | SOFR+425 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset Type F•••• Lien Term Loan Reference Rate and Spread S + 4.25% Interest Rate 7.91% Ma | $2.9M | $2.8M 98c | SOFR+425 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset Type F•••• Lien Term Loan Reference Rate and Spread S + 4.25% Interest Rate 7.91% Ma | $2.0M | $1.7M 88c | SOFR+425 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien Instrument F•••• Lien 2023 Incremental Term Loan Ref SOFR(M) Floor 1.00% Spread 4.25% Tota | $1.1M | $1.0M 97c | SOFR+425 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien Instrument F•••• Lien Term Loan Ref SOFR(M) Spread 4.25% Total Coupon 7.89% Maturity 12/11 | $2.4M | $2.1M 87c | SOFR+425 bp |
| F••••••• B•• C•••••• C••• | unstated lien unstated | $5.3M | $5.2M 99c | S+425 bp |
| P•••• C•••••• S•••••••• B•• C•••• | term loan first lien Term Loan | Debt Investments | SOFR + 4.250 % | 7.918 % | 05/03/2028 | $1.5M | $1.4M 100c | 7.89% |
| P•••• C•••••• S•••••••• B•• C•••• | term loan first lien Term Loan | Debt Investments | F•••• Lien Senior Secured | SOFR + 4.250 % | 7.918 % | 12/3 | $982,000 | $854,000 89c | 7.89% |
| V•••• C••••• S•••••••• L•••••• C•••• | term loan first lien F••••-Lien Debt Reference Rate and Spread SOFR + 4.25% Interest Rate 7.89% Maturity Date 1 | $7.1M | $6.2M 88c | SOFR+425 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 | 6 | $25.7M | $23.4M | 93c | 0 |
| Mar 31, 2026 | 6 | $37.4M | $29.3M | 79c | 0 |
| Dec 31, 2025 | 8 | $41.1M | $37.2M | 92c | 0 |
| Sep 30, 2025 | 9 | $50.9M | $48.2M | 96c | 0 |
| Jun 30, 2025 | 11 | $52.3M | $47.9M | 93c | 0 |
| Mar 31, 2025 | 12 | $93.3M | $87.2M | 95c | 0 |
| Dec 31, 2024 | 12 | $158M | $157M | 101c | 0 |
| Sep 30, 2024 | 8 | $41.9M | $41.6M | 100c | 0 |
| Jun 30, 2024 | 10 | $47.2M | $47.2M | 101c | 0 |
| Mar 31, 2024 | 10 | $45.1M | $44.8M | 101c | 0 |
| Dec 31, 2023 | 8 | $41.4M | $40.7M | 100c | 0 |
| Sep 30, 2023 | 7 | $29.8M | $29.0M | 99c | 0 |
| Jun 30, 2023 | 7 | $28.9M | $27.7M | 98c | 0 |
| Mar 31, 2023 | 6 | $36.6M | $35.8M | 98c | 0 |
| Dec 31, 2022 | 6 | $51.1M | $49.5M | 97c | 0 |
| Sep 30, 2022 | 1 | $47.7M | $45.6M | 95c | 0 |
| Dec 31, 2021 | 2 | $42.7M | $42.9M | 100c | 0 |
What changed
- Maturity approachingMay 3, 2028
- Mark recoveredJun 30, 2026
- Marked down across lendersMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Facility left every BDC scheduleSep 30, 2025
- Lender left a facilitySep 30, 2025
- Lender left a facilityJun 30, 2025
- Lender left a facilityJun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Maturity shortened (observed)Jun 30, 2025
- Maturity shortened (observed)Jun 30, 2025
- Marked down across lendersMar 31, 2025
- Lender left a facilityMar 31, 2025
- Marked down across lendersMar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- MH SUB Iderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 18 BDCsderived
- Industry
- Mediareportedas one filer wrote it