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B•••••• B••• I•••

Business development companymanaged by B•••••• L••Listed: BBDC· CHARLOTTE, NC

A business development company traded as BBDC, managed by B•••••• L••, holding $2.5B across 347 borrowers at Jun 30, 2026.

Composed from this BDC's filings and its latest schedule of investments.

Fair value
$2.5B
Schedule of investments, 10-Q and 10-K
Borrowers
347
Schedule of investments, 10-Q and 10-K
Mark on cost
97.1¢
Schedule of investments, 10-Q and 10-K
First lien
68%
Schedule of investments, 10-Q and 10-K
Schedule of investments (855)Quarter by quarterSponsors
As of · the latest schedule of investments read for this BDC

What matters now

  1. $46.1M
    on non-accrual, 11 borrowers

    11 borrowers on non-accrual, $46.1M principal; the largest is R• O••••••• L•• ($17.3M).

    Q2 2026 · Loans that have stopped paying interest; they set the book's credit losses.

    FactBDC schedules of investments, 30 Jun 2026For LPs and shareholders in these BDCs, co-lenders on the same namesOpen R• O••••••• L•• →
  2. $3M
    newly on non-accrual

    2 borrowers newly placed on non-accrual in Q2 2026, $3M principal: S••••• A••••• I•• ($2.18M), T••• A•• D••••••••• L•• ($812K).

    Q2 2026 · The newest credit problems in the book.

    FactBDC schedules of investments, 30 Jun 2026Open S••••• A••••• I•• →
  3. 25 below 80¢
    $77.3M principal

    25 positions across 20 borrowers marked below 80¢ on cost, $77.3M principal.

    Q2 2026 · Marks this low usually come before non-accrual or a restructuring.

    Derivedeach position's fair value over cost, 30 Jun 2026
  4. 0 → 70
    loans paying in kind

    Loans paying in kind rose from 0 to 70 positions in the quarter to Jun 30, 2026.

    Q2 2026 · Borrowers paying interest in more debt rather than cash is an early sign of strain.

    Factthe schedule's PIK rates, quarter on quarterQuarter by quarter →
  5. 1 → 347
    borrowers

    Added a net 346 borrowers in the quarter to Jun 30, 2026, to 347.

    Q2 2026 · The book is turning over faster than usual.

    Factthe schedule's borrowers, quarter on quarterSchedule of investments →
Every headline figure, and the identifiersCIK 1379785 · file 814-00733Show
Fair value
$2.5B
as of Jun 30, 2026
Principal held
$2.1B
debt pieces, the filer's figure
Cost
$2.5B
97c on cost, debt pieces
Unfunded
$485M
commitments not yet drawn
Positions
855
347 borrowers
First lien
68%
81% debt by fair value
Quarters on the tape
19
since Dec 31, 2020
Facilities held
759
46 sponsors financed
Portfolio through time
Fair value by quarter end$2.5B as of Jun 30, 2026
Dec 31, 2020$104M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$2.5B34797c70535 bp
May 27, 2026$5.0M1n/a0n/a
Mar 31, 2026$2.5B33597c78538 bp
Dec 31, 2025$2.7B38097c80543 bp
All 24 quarters
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Nov 25, 2025$10.0M1n/a0n/a
Sep 30, 2025$2.8B34597c87543 bp
Jun 30, 2025$2.9B33998c81548 bp
Mar 31, 2025$2.8B33296c80556 bp
Dec 31, 2024$5.7B39795c155567 bp
Sep 30, 2024$2.9B33897c81577 bp
Jun 30, 2024$2.9B33796c84582 bp
Mar 31, 2024$3.0B34097c78588 bp
Dec 31, 2023$3.7B37696c67592 bp
Sep 30, 2023$3.0B34096c65591 bp
Jun 30, 2023$3.0B33396c49588 bp
Mar 31, 2023$3.0B33494c51591 bp
Dec 31, 2022$2.9B36593c44586 bp
Sep 30, 2022$2.7B31693c47590 bp
Aug 12, 2022$45.4M1n/a0n/a
Dec 31, 2021$2.3B28799c28576 bp
Jul 8, 2021$306M1n/a0n/a
Feb 8, 2021Not disclosed3n/a0n/a
Dec 31, 2020$104M10n/a0725 bp
May 13, 2020Not disclosed1n/a0n/a
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
Full timeline · 20 events
Every position change, including routine ones
Largest facilities held, with co-lenders
Schedule of investments at Dec 31, 2025
913 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
E•••••• B••••••• C••••••• L••equity equityNot disclosed$140M
150c
E•••••• B••••••• C••••••• L••equity equityNot disclosed$140M
R••••• H••••••• L••preferred equity equityNot disclosed$89.5M
100c
S+600 bp
PIK 9.90%
P••••• S••••••• C••••••• L••term loan first lien$53.4M$48.1M
91c
S+600 bp
PIK 4.00%
V• S•••• I••••••••• I• L••term loan first lien$46.0M$44.4M
100c
S+500 bp
PIK 4.40%
S••••••• H••••••• B••equity equityNot disclosed$40.7M
S••••••• H••••••• B•••equity equityNot disclosed$40.7M
116c
J••••••• P••••••• L••unstated lien unstatedNot disclosed$38.0M
108c
J••••••• P••••••• L••unstated lien unstatedNot disclosed$38.0M
S••••••••• L••term loan second lien$33.7M$32.5M
100c
S+850 bp
N••• H•••••• L••term loan first lien$22.1M$22.1M
101c
S+525 bp
R•• C•••••••••term loan first lien$21.7M$21.5M
100c
S+550 bp
C•••••• M••••• H•••••••• L••equity equityNot disclosed$20.0M
121c
A•• I• M•• H••••••• I•••term loan first lien$19.1M$18.9M
100c
S+525 bp
O•• H••••••• P••••••••• L••term loan first lien$18.2M$18.1M
100c
S+525 bp
U••• A••••••••• I••• ••••• U• L•••• S••••••• I••••term loan first lien$17.9M$17.9M
100c
S+550 bp
W••••••• F••••• L••term loan first lien$17.2M$17.0M
100c
S+525 bp
D•••••••• B••••• L•••term loan first lien$17.1M$16.9M
100c
S+475 bp
T••• C•••••••• B••••• I•••term loan first lien$16.8M$16.8M
101c
S+450 bp
S•••••term loan lien unstatedNot disclosed$16.4M
S•••••term loan lien unstatedNot disclosed$16.4M
59c
B•••••• A•••••••• G•••• H•••••••• L••preferred equity equityNot disclosed$16.3M
91c
PIK 7.00%
S••••••• H••••••• L••term loan first lien$16.0M$16.0M
100c
12.00%
PIK 12.00%
C•••••• M••••• H•••••••• L••term loan unsecured or subordinated$16.6M$15.9M
101c
8.00%
S••• B••••• L•••term loan first lien$15.2M$14.8M
99c
S+625 bp
H•••••••• V••••••••• P•••••••• L••term loan unsecured or subordinated$15.6M$14.7M
95c
PIK 11.00%
D••••term loan first lien$14.5M$14.5M
101c
S+475 bp
C••••••• • G•••••• L••term loan first lien$14.4M$14.3M
100c
S+475 bp
M•• A••••••••• G•••• G•••equity equityNot disclosed$14.1M
61c
B•••••• E••••••••• S••••••• H••••• L••••••term loan first lien$16.3M$13.9M
87c
S+400 bp
PIK 3.80%
W•••• 5•• I•••term loan first lien$13.8M$13.8M
102c
S+450 bp
F••• S••• H•••••• L••term loan second lien$13.7M$13.7M
101c
S+725 bp
C•• P•••••• L••term loan first lien$13.5M$13.5M
101c
S+450 bp
S••• P••••••••• I•••term loan first lien$13.6M$13.5M
100c
S+475 bp
N••• B•••• P•• L••term loan first lien$13.4M$13.4M
94c
S+500 bp
P•••••• C•••••••••term loan first lien$13.3M$13.3M
100c
S+475 bp
V•••• B••••• L••term loan first lien$13.3M$13.2M
100c
S+450 bp
A• B••••• I•••term loan first lien$13.1M$13.1M
102c
S+525 bp
K•• D••••• H•••••••• L••term loan first lien$13.0M$13.0M
100c
S+475 bp
A•••••• A•••••••• C•••••••••term loan first lien$13.1M$13.0M
100c
S+475 bp
W•••••••• H•••••••• I•••term loan first lien$13.0M$12.8M
101c
S+500 bp
N•• B•••• L••term loan first lien$12.9M$12.8M
102c
S+475 bp
S••••••••• G••••• I•••term loan first lien$12.8M$12.8M
102c
S+500 bp
T•••••• M••••••• S••••••• I•••term loan first lien$14.4M$12.6M
88c
S+100 bp
PIK 6.80%
R••••• H•••••••• I•••term loan first lien$12.7M$12.6M
101c
S+500 bp
N•••••••• R••••••••• L••term loan first lien$12.6M$12.5M
100c
S+465 bp
G••• I••••••••• I•••term loan first lien$12.5M$12.5M
102c
S+875 bp
U••••• L•••••• L••••••term loan first lien$12.6M$12.3M
103c
S+725 bp
C••••••• D•••••• C••••term loan first lien$12.3M$12.2M
100c
S+500 bp
W••• H••••••• I•• C•••term loan first lien$12.1M$12.0M
101c
S+500 bp
S•••• B•••• L••term loan lien unstated$12.1M$12.0M
100c
S+500 bp
R•• G••••• L••term loan first lien$12.2M$12.0M
100c
S+550 bp
I•• I••••••••• I•••term loan first lien$12.0M$12.0M
101c
S+650 bp
G•• C•••••••• P••••••••• L••term loan first lien$11.9M$11.7M
100c
S+575 bp
G• 3• C•••••••• P••••••••• L••term loan first lien$11.9M$11.7M
100c
S+575 bp
S••••••• H••••••• B•••term loan unsecured or subordinated$11.6M$11.6M
100c
PIK 3.10%
S••••••• H••••••• B••term loan unsecured or subordinatedNot disclosed$11.6M
S••••••• H••••••• B••term loan unsecured or subordinatedNot disclosed$11.6M
PIK 3.10%
C• A••••••••• H••••••• I•••term loan first lien$11.5M$11.5M
100c
S+550 bp
PIK 2.50%
S•••••••• H•••••••• I•••preferred equity equityNot disclosed$11.4M
99c
PIK 12.50%
B•• H••••••• I• C•••term loan first lien$14.5M$11.3M
81c
S+200 bp
PIK 5.00%
R••••••• P•••• S••••••• I•••term loan first lien$11.2M$11.2M
100c
S+575 bp
C•• F•••• H••••••• C••• L••term loan first lien$11.0M$11.0M
102c
S+786 bp
E•• P•••• H••••• L••term loan first lien$12.0M$11.0M
92c
S+575 bp
W•••••• A••••••••• L••term loan first lien$10.9M$10.9M
102c
S+500 bp
I••••••••• L••preferred equity equityNot disclosed$10.8M
100c
10.00%
PIK 7.50%
B•• G•••••• L••term loan first lien$10.6M$10.6M
109c
S+550 bp
H•• T••••••••• • I•••••••••term loan first lien$11.1M$10.4M
94c
S+850 bp
H• H•••••• L•• •••••• W••• L•••term loan first lien$10.1M$10.1M
100c
S+575 bp
P•••••• F•••••••• B•••••• L••term loan first lien$10.1M$10.0M
100c
S+575 bp
L••••••••• L••term loan first lien$10.0M$9.9M
100c
S+450 bp
E•••••• B••••••• C••••••• L••revolver lien unstated$9.9M$9.9M
101c
S+650 bp
E•••••• B••••••• C•••••• H••••••• L••revolver lien unstatedNot disclosed$9.9MS+650 bp
E•••••• B••••••• C•••••• H••••••• L••revolver lien unstatedNot disclosed$9.9MS+650 bp
P•••••• I•••••term loan first lien$9.9M$9.8M
110c
S+575 bp
R• O•••••••• L••term loan first lien$15.2M$9.8M
65c
S+675 bp
PIK 11.10%
M••••• B•••term loan first lien$10.0M$9.8M
98c
S+593 bp
T•••• B•••• L••term loan first lien$9.6M$9.5M
100c
S+450 bp
X••••••• B•••• L••••••term loan first lien$9.5M$9.5M
109c
S+550 bp
E••• G••••• L••••••••• I•••term loan second lien$9.5M$9.4M
101c
S+725 bp
S••••• P••••••• H•••••••• L••term loan first lien$9.4M$9.4M
100c
S+475 bp
F•• B•••• L••term loan first lien$9.3M$9.3M
100c
S+450 bp
P•••••••• M•••••notes lien unstated$9.3M$9.1M
98c
11.40%
R•• S•••••••• L••term loan first lien$9.2M$9.1M
100c
S+500 bp
L•• B•••••••• L••term loan first lien$9.1M$9.0M
100c
S+525 bp
C••••••••• B••••• L••equity equityNot disclosed$8.9M
73c
H•••••••• H•••••••• I•••term loan first lien$9.0M$8.9M
100c
S+525 bp
S•• H••••••• L•term loan first lien$8.6M$8.6M
102c
S+500 bp
L••• T••• C••• G••••• I•••term loan first lien$8.8M$8.5M
97c
S+600 bp
C••••••••• B••••• L••term loan first lien$8.7M$8.5M
98c
S+800 bp
PIK 11.70%
G• E•••• B••••• I•••term loan first lien$8.5M$8.4M
100c
S+450 bp
A••• G••••• P•••••••• L••term loan first lien$8.9M$8.4M
94c
S+475 bp
U•• A•••••••• I•••term loan first lien$8.3M$8.3M
101c
S+475 bp
I••••••••• F•••• F•••••••• N••• B•••term loan first lien$8.5M$8.3M
99c
10.50%
B•••••term loan first lien$8.2M$8.2M
100c
S+650 bp
T•••• B••••• I•••term loan first lien$8.1M$8.0M
99c
S+600 bp
B•• B••••• I•••term loan first lien$8.1M$8.0M
100c
S+500 bp
T•• C•••••• G••••• I••• ••• T••••• H•••••••• L•••term loan first lien$7.9M$7.8M
100c
S+475 bp
T••• H•••••• C•••term loan first lien$7.8M$7.7M
100c
S+575 bp
P••••••••• S•••••••• H•••••••• L••term loan first lien$7.7M$7.7M
101c
S+450 bp
Page 1 of 10Next
Registration
Fiscal year end
1231reported
Incorporated
NCreported
On the SEC BDC report
2012 to 2026reported
Filings listed
19reported10-Q and 10-K since 2022
Former names
Triangle Capital CORPreported
Latest schedule
0001379785-26-000030reported