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Borrower

M••••••• C•••••••• I••

group grade Aon a schedule nowsponsor unattributed
Also written as: Inc. First and

What matters now

  1. 99¢ → 102¢
    consensus mark

    Consensus mark 102¢ on cost, up from 99¢ a year ago, 99¢ last quarter.

    Q2 2026 · The lenders' own valuations moved back up.

    Derived2 of 2 lenders' own marks, weighted by principal
Mark path, consensus per quarter end
Q1 2023: 99¢Q2 2023: 96¢Q3 2023: 98¢Q1 2026: 99¢Q2 2026: 102¢99¢ · 96¢ · 98¢ · 99¢ · 102¢Q1 2023 to Q2 2026
Where each lender marks it, 0 points apart
102¢Consensus: 102¢H•• C•••••••• L•••••• F•••: 102¢H•• C•••••••• C•••••• S•••••••• F•••: 102¢102¢
Principal held
at least $25.2M
sum of BDC pieces, a lower bound
Fair value
$25.1M
102c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
4
2 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Mar 15, 2033
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
H•• C•••••••• L•••••• F•••unstated lien unstated
N••••••••• I•••••
$20.2M$20.1M
102c
S+500 bp
H•• C•••••••• C•••••• S•••••••• F•••unstated lien unstated
N••••••••• I•••••
$5.0M$5.0M
102c
S+500 bp
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
other lien unstatedat least $25.2M102cS+500 bpMar 15, 20332
first lien term loan first lien
exited Mar 31, 2023
at least $1.0M99cS+425 bpApr 15, 20281
second lien term loan second lien
exited Sep 30, 2023
at least $992,38698cS+425 bpApr 15, 20281
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20262$25.2M$25.1M102c0
Mar 31, 20262$5.0M$4.9M99c0
Sep 30, 20231$992,386$903,51898c0
Jun 30, 20231$994,924$878,76796c0
All 6 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Mar 31, 20231$1.0M$915,57099c0
Dec 31, 20221$2.9M$2.5M87c0
What changed
Every change including routine ones
Identity
Group key
M••••••• C••••••••derivedthe codename stem after legal suffixes and deal words
Spellings
1 across 4 BDCsderived