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R•••••••• G••••• I••
What matters now
- 91¢ → 71¢consensus mark
Consensus mark 71¢ on cost, down from 91¢ a year ago, 69¢ last quarter.
Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.
Derived4 of 4 lenders' own marks, weighted by principal - 41 pts62¢ to 103¢
Lenders disagree by 41 points: F••••••• B•• C•••••• C••• 62¢ to O••• D••••• L•••••• B•• F••• 103¢.
Q2 2026 · Holders value the same loan differently, so a position could trade between them.
Derivedeach lender's own fair value over costFor secondary buyers, special situations fundsLender marks → - $46.1Mprincipal outstanding
$46.1M principal held by 4 lenders; matures Jan 2031.
Q2 2026 · Refinancing is due in 51 months at a 71¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound - 70¢ → 103¢+33 pts, one lender
O••• D••••• L•••••• B•• F••• marked it 70¢ → 103¢, the largest move among 4 lenders this quarter.
Q2 2026 · One holder repriced far more than the rest.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| F••••••• B•• C•••••• C••• | $15.7M | 62¢ | new this quarter |
| G•••• C•••••• P•••••• C••••• F••• | $12.4M | 63¢ | -6 pts |
| P••••• S••••• C•••••• B•• I••• | $10.3M | 69¢ | 0 pts |
| O••• D••••• L•••••• B•• F••• | $7.73M | 103¢ | +33 pts |
Every BDC piece · 10 positions across 4 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien S••••• secured 1 | $10.1M | $6.3M 63c | S+475 bp |
| F••••••• B•• C•••••• C••• | unstated lien unstated | $8.3M | $5.1M 62c | S+475 bp |
| O••• D••••• L•••••• B•• F••• | term loan first lien F•••• L••• T••• L••• B R•••••••• R••• and S••••• 3M S••• + 6.00% F•••• 0.75% I••••••• R••• | $6.8M | $4.3M 113c | SOFR+600 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien Investment F•••• L••• S••••• S•••••• L••• I••••••• R••• 8.65% (S +CSA + 4.75%) M••••••• D• | $6.7M | $4.2M 62c | SOFR+475 bp |
| F••••••• B•• C•••••• C••• | unstated lien unstated | $4.4M | $2.8M 63c | S+600 bp |
View all 10 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F••••••• B•• C•••••• C••• | unstated lien unstated | $2.9M | $2.9M 136c | S+575 bp |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien S••••• secured 2 | $2.3M | $2.3M 135c | S+575 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien Investment F•••• L••• S••••• S•••••• L••• I••••••• R••• 9.90% (S +CSA + 6.00%) M••••••• D• | $2.0M | $1.2M 63c | SOFR+600 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien Investment F•••• L••• S••••• S•••••• L••• I••••••• R••• 9.39% (S + 5.75%) M••••••• D••• 1/ | $1.6M | $1.6M 103c | SOFR+575 bp |
| O••• D••••• L•••••• B•• F••• | term loan first lien F•••• L••• T••• L••• R•••••••• R••• and S••••• 3M S••• + 5.75% F•••• 0.75% I••••••• R••• 9 | $939,665 | $963,321 103c | SOFR+575 bp |
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $30.4M | 78c | SOFR+600 bp | Jan 31, 2031 | 4 |
| other lien unstated | at least $15.7M | 73c | S+600 bp | Jan 31, 2031 | 2 |
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 4 | $46.1M | $31.8M | 76c | 0 |
| Mar 31, 2026 | 3 | $25.6M | $17.6M | 69c | 0 |
| Dec 31, 2025 | 3 | $34.4M | $26.8M | 78c | 0 |
| Sep 30, 2025 | 4 | $43.8M | $40.1M | 92c | 0 |
All 11 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 5 | $58.3M | $52.5M | 91c | 0 |
| Mar 31, 2025 | 5 | $58.4M | $56.1M | 97c | 0 |
| Dec 31, 2024 | 4 | $51.7M | $50.3M | 99c | 0 |
| Sep 30, 2024 | 4 | $56.1M | $55.3M | 100c | 0 |
| Jun 30, 2024 | 3 | $37.6M | $37.5M | 102c | 0 |
| Mar 31, 2024 | 2 | $32.7M | $32.5M | 102c | 0 |
| Dec 31, 2023 | 2 | $57.7M | $57.1M | 102c | 0 |
- Mark recoveredJun 30, 2026
- Spread changed (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
Full timeline · 29 eventsShow fewer
- Spread increasedJun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Spread changed (observed)Mar 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
- Spread changed (observed)Dec 31, 2025
- Marked down across lendersDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Lender left a facilitySep 30, 2025
- Marked down across lendersJun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- New lender joined a facilityMar 31, 2025
- New lender joined a facilityMar 31, 2024
- New borrower on a BDC scheduleDec 31, 2023
Possible relationship, not established: C••• G•••••• L•, because a company of this name is on the sponsor's portfolio page (confidence 0.55). No deal announcement or filing names it as a party, so it is not shown as this borrower’s sponsor.
- C••• G•••••• L•
- the sponsor's own portfolio page lists a company of this nameestimatedccmpgrowth.com"••• Locked"
- Group key
- REALTRUCKderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 6 BDCsderived
- Industry
- Auto Componentsreportedas one filer wrote it