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Borrower

S••••••••• G••••• I••

group grade Aon a schedule nowsponsor unattributed
Principal held
at least $40.5M
sum of BDC pieces, a lower bound
Fair value
$42.4M
102c on cost, debt pieces
Unfunded
$5.5M
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
3
2 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
4
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $40.5M102cS+500 bpunstated3
revolver lien unstatedat least $0n/aS+500 bpunstated3
delayed draw term loan lien unstated
exited Dec 31, 2024
unknownn/aS+500 bpunstated3
Equity pieces beside the debt: equity ($1.9M fair value, 3 BDCs), other (n/a fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
B•••••• B••• I•••term loan first lien
F•••• L••• S••••• S•••••• T••• L•••
$12.8M$12.8M
102c
S+500 bp
B•••••• B••• I•••equity equity
C••••• S••••
n/a$562,000
204c
B•••••• B••• I•••revolver lien unstated
R•••••••
$0$0
0c
S+500 bp
B•••••• C•••••• I••••••••• C•••equity equity
C••••• S••••
n/a$374,000
204c
B•••••• C•••••• I••••••••• C•••revolver lien unstated
R•••••••
$0$0
0c
S+500 bp
B•••••• C•••••• I••••••••• C•••term loan first lien
F•••• L••• S••••• S•••••• T••• L•••
$8.5M$8.5M
102c
S+500 bp
B•••••• P•••••• C••••• C•••term loan first lien
F•••• L••• S••••• S•••••• T••• L•••
$19.2M$19.2M
102c
S+500 bp
B•••••• P•••••• C••••• C•••revolver lien unstated
R•••••••
$0$0
0c
S+500 bp
B•••••• P•••••• C••••• C•••equity equity
C••••• S••••
n/a$931,000
205c
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20263$40.5M$40.5M102c0
Mar 31, 20263$40.5M$40.5M102c0
Dec 31, 20253$49.1M$49.1M102c0
Sep 30, 20253$40.7M$40.7M102c0
Jun 30, 20253$40.8M$40.8M102c0
Mar 31, 20253$40.9M$40.9M102c0
Dec 31, 20243$73.4M$73.4M102c0
Sep 30, 20243$41.1M$41.1M102c0
Jun 30, 20243$29.8M$29.8M103c0
Mar 31, 20243$29.8M$30.2M105c0
Dec 31, 20233$30.0M$28.9M100c0
Sep 30, 20233$30.0M$28.8M100c0
Dec 31, 20223$0$0n/a0
What changed
Every change including routine ones
Identity
Group key
SMARTSHIFTderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 3 BDCsderived