DFX Intelligence
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Borrower
I••••• S•••••••• I••
S•••••••group grade Aon a schedule nowsponsor unattributed
Also written as: Inc. - NewCo; Inc. Emerald JV LP; Junior
Principal held
at least $31.5M
sum of BDC pieces, a lower bound
Fair value
$11.4M
38c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
13
3 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Jun 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
25
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 $19.3M | 49c | SOFR+575 bp | Jun 1, 2029 | 9 |
| second lien term loan second lien | at least $12.1M | 20c | SOFR+725 bp | Jun 1, 2029 | 7 |
| other lien unstated exited Dec 31, 2024 | at least $2.4M | 68c | S+425 bp | unstated | 2 |
| unsecured or subordinated term loan unsecured or subordinated exited Mar 31, 2026 | at least $0 | n/a | S+475 bp | Jun 1, 2029 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B• P••••••• L•••••• C••• | term loan first lien Senior Secured Loan Interest Rate 9.48% Reference Rate and Spread S + 5.75% Floor 1.00% Ma | $365,000 | $354,000 101c | SOFR+575 bp |
| B• P••••••• L•••••• C••• | term loan first lien Senior Secured Loan Interest Rate 8.48% Reference Rate and Spread S + 4.75% Floor 1.00% Ma | $994,000 | $412,000 45c | SOFR+475 bp |
| B• P••••••• L•••••• C••• | term loan first lien Senior Secured Loan Interest Rate 10.98% Reference Rate and Spread S + 7.25% Floor 1.00% M | $4.0M | $726,000 18c | SOFR+725 bp |
| B•• I••••••••• C••• | term loan first lien First Lien/Senior Secured Debt Interest Rate 9.41% Reference Rate and Spread SOFR + 5.75% | $731,000 | $710,000 102c | SOFR+575 bp |
| B•• I••••••••• C••• | term loan first lien First Lien/Senior Secured Debt Interest Rate 8.41% Reference Rate and Spread SOFR + 4.75% | $989,000 | $410,000 45c | SOFR+475 bp |
| B•• I••••••••• C••• | term loan second lien Second Lien/Senior Secured Debt Interest Rate 11.18% Reference Rate and Spread SOFR + 7.25 | $9.1M | $1.6M 21c | SOFR+725 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien Investment First Lien Senior Secured Loan Interest Rate 8.41% (S + 4.75%) Maturity Date 6/ | $9.8M | $4.4M 44c | SOFR+475 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien Investment First Lien Senior Secured Loan Interest Rate 9.41% (S + 5.75%) Maturity Date 6/ | $2.4M | $2.3M 98c | SOFR+575 bp |
| P••••• S••••• C•••••• B•• I••• | term loan second lien Investment Second Lien Senior Secured Loan Interest Rate 11.17% (S +CSA + 7.25%) Maturity | $3.0M | $544,143 18c | SOFR+725 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 | 3 | $31.5M | $11.4M | 38c | 0 |
| Mar 31, 2026 | 4 | $31.5M | $17.2M | 58c | 0 |
| Dec 31, 2025 | 4 | $54.0M | $36.9M | 71c | 0 |
| Sep 30, 2025 | 5 | $41.0M | $27.2M | 69c | 0 |
| Jun 30, 2025 | 6 | $47.8M | $36.3M | 79c | 0 |
| Mar 31, 2025 | 7 | $55.1M | $34.3M | 66c | 0 |
| Dec 31, 2024 | 11 | $240M | $153M | 67c | 0 |
| Sep 30, 2024 | 10 | $105M | $75.4M | 74c | 0 |
| Jun 30, 2024 | 9 | $92.1M | $64.0M | 71c | 0 |
| Mar 31, 2024 | 8 | $85.2M | $75.7M | 91c | 0 |
| Dec 31, 2023 | 11 | $138M | $117M | 87c | 0 |
| Sep 30, 2023 | 8 | $73.3M | $53.4M | 75c | 0 |
| Jun 30, 2023 | 8 | $73.4M | $52.7M | 74c | 0 |
| Mar 31, 2023 | 8 | $68.4M | $47.3M | 71c | 0 |
| Dec 31, 2022 | 9 | $118M | $86.5M | 74c | 0 |
| Sep 30, 2022 | 4 | $71.1M | $54.8M | 78c | 0 |
| Dec 31, 2021 | 2 | $24.3M | $24.4M | 100c | 0 |
What changed
- Marked down across lendersJun 30, 2026
- Marked down across lendersJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down across lendersMar 31, 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
- Facility left every BDC scheduleMar 31, 2026
- Marked down (one lender)Dec 31, 2025
- Lender left a facilityDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down across lendersSep 30, 2025
- Lender left a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Mark recoveredJun 30, 2025
- Spread changed (observed)Jun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Mark recoveredJun 30, 2025
- Lender left a facilityJun 30, 2025
- New lender joined a facilityJun 30, 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
- I••••• S•••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 13 BDCsderived
- Industry
- S•••••••reportedas one filer wrote it