DFX Intelligence
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Borrower
C•••• H•••••• I••
group grade Aoff every schedule since Dec 31, 2023sponsor unattributed
Also written as: Emerald JV LP
Nothing material in the last 200 days. Last change: 31 Dec 2023, Consensus mark 100¢ on cost, up from 98¢ in Q4 2022.
Mark path, consensus per quarter end
98¢ · 100¢Q4 2022 to Q4 2023
Principal held
at least $997,500
sum of BDC pieces, a lower bound
Fair value
$998,900
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Oct 1, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2023
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2023, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••• S•••••••• I••••• F••• | $998K | 100¢ | new this quarter |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• S•••••••• I••••• F••• | term loan first lien F•••• lien senior secured loan | $997,500 | $998,900 100c | S+175 bp |
Capital structure as the BDCs see it
latest quarter end Dec 31, 2023
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Dec 31, 2023 | at least $997,500 | 100c | S+175 bp | Oct 1, 2028 | 1 |
| other lien unstated exited Dec 31, 2022 | at least $740,000 | 98c | S+488 bp | Jul 15, 2027 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1 | $997,500 | $998,900 | 100c | 0 |
| Dec 31, 2022 | 1 | $740,000 | $702,000 | 98c | 0 |
What changed
- Facility left every BDC scheduleDec 31, 2023
- New borrower on a BDC scheduleDec 31, 2022
- Facility left every BDC scheduleDec 31, 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
- C•••• H••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived