DFX Intelligence
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Borrower
A••••• W•••• S••••••••• I••
Commercial Services & Suppliesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Emerald JV LP; Verdelite JV LP
Principal held
at least $31.8M
sum of BDC pieces, a lower bound
Fair value
$31.8M
100c on cost, debt pieces
Unfunded
$2.2M
commitments not yet drawn
BDC lenders
6
4 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Jan 26, 2033
no dated debt inside 24 months
On the tape since
Jun 30, 2024
latest Jun 30, 2026
Events
6
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| delayed draw term loan lien unstated | at least $21.5M | 100c | S+275 bp | Apr 25, 2033 | 1 |
| first lien term loan first lien | at least $10.3M | 100c | SOFR+275 bp | Apr 25, 2033 | 5 |
| first lien delayed draw term loan first lien | at least $0 | n/a | SOFR+275 bp | Apr 25, 2033 | 2 |
| other lien unstated exited Jun 30, 2025 | at least $41.9M | 101c | S+300 bp | May 17, 2028 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••••• D••• S•••••••• B•• | delayed draw term loan first lien Investment Type First Lien Secured D••• - Delayed Draw Interest Rate S+275, 0.00% Floor Ma | n/a | n/a | SOFR+275 bp |
| A••••• D••• S•••••••• B•• | term loan first lien Investment Type First Lien Secured D••• - Term Loan Interest Rate S+275, 0.00% Floor Matur | $5.6M | $5.6M 100c | SOFR+275 bp |
| B•••••••• P•••••• C••••• F••• | delayed draw term loan first lien Instrument First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor —% Spread 2.75% Total Coupo | $0 | $-180 16c | SOFR+275 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien Instrument First Lien Term Loan Ref SOFR(Q) Floor —% Spread 2.75% Total Coupon 6.48% Matur | $1.9M | $1.9M 100c | SOFR+275 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated | $20.2M | $20.2M 100c | S+275 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated Delayed Draw Term Loan | n/a | n/a | |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated Delayed Draw Term Loan | n/a | n/a | |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated | $1.3M | $1.3M 100c | S+275 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien Investment First Lien Senior Secured Loan Interest Rate 6.42% (S + 2.75%) Maturity Date 4/ | $2.7M | $2.7M 100c | SOFR+275 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 | 4 | $31.8M | $31.8M | 100c | 0 |
| Mar 31, 2026 | 6 | $107M | $106M | 99c | 0 |
| Dec 31, 2025 | 2 | $78.2M | $78.6M | 101c | 0 |
| Sep 30, 2025 | 2 | $78.4M | $78.5M | 100c | 0 |
| Jun 30, 2025 | 2 | $78.6M | $78.9M | 100c | 0 |
| Mar 31, 2025 | 2 | $74.1M | $73.6M | 99c | 0 |
| Dec 31, 2024 | 2 | $148M | $150M | 101c | 0 |
| Sep 30, 2024 | 2 | $74.4M | $74.7M | 100c | 0 |
| Jun 30, 2024 | 2 | $84.6M | $85.0M | 100c | 0 |
What changed
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Mar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- Facility left every BDC scheduleJun 30, 2025
- Spread changed (observed)Mar 31, 2025
- Spread changed (observed)Sep 30, 2024
- New borrower on a BDC scheduleJun 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- A••••• W•••• S••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 6 BDCsderived
- Industry
- Commercial Services & Suppliesreportedas one filer wrote it