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A••••••• A•• Q••••••• I••

Borrower · Professional Services
group grade Aon a schedule nowsponsor unattributed
Also written as: Inc. Sr Secured
No date on record · this record

What matters now

  1. 101¢ → 94¢
    consensus mark

    Consensus mark 94¢ on cost, down from 101¢ a year ago, 100¢ last quarter.

    Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.

    Derived3 of 3 lenders' own marks, weighted by principal
Mark path, consensus per quarter end
Q2 2025: 101¢Q3 2025: 101¢Q4 2025: 101¢Q1 2026: 100¢Q2 2026: 94¢101¢ · 101¢ · 101¢ · 100¢ · 94¢Q2 2025 to Q2 2026
Where each lender marks it on the first lien term loan, 0 points apart
95¢Consensus: 94¢B•••••••• P•••••• C••••• F•••: 95¢B•••••••• T•• C•••••• C••••: 95¢95¢
Principal held
at least $29.2M
sum of BDC pieces, a lower bound
Fair value
$27.1M
94c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Oct 24, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
10
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 · 6 positions across 3 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
B•••••••• P•••••• C••••• F•••term loan first lien
I••••••••• F•••• L••• T••• L••• Ref S•••(Q) F•••• 1.50% S••••• 6.00% T•••• C••••• 9.74% M•
$15.0M$14.0M
95c
SOFR+600 bp
B•••••••• T•• C•••••• C••••term loan first lien
F•••• L••• T••• L••• Ref S•••(Q) F•••• 1.50% S••••• 6.00% T•••• C••••• 9.74% M••••••• 10/2
$13.1M$12.2M
95c
SOFR+600 bp
B•••••••• D••••• L•••••• C••••term loan first lien
I••••••••• F•••• L••• T••• L••• Ref S•••(Q) F•••• 1.50% S••••• 6.00% T•••• C••••• 9.74% M•
$808,081$754,747
95c
SOFR+600 bp
B•••••••• P•••••• C••••• F•••revolver first lien
I••••••••• F•••• L••• R••••••• Ref S•••(Q) F•••• 1.50% S••••• 6.00% T•••• C••••• 9.68% M••
$150,070$51,024
37c
SOFR+600 bp
B•••••••• T•• C•••••• C••••revolver lien unstated
R••••••• Ref S•••(Q) F•••• 1.50% S••••• 6.00% T•••• C••••• 9.68% M••••••• 10/24/2029
$130,772$44,462
35c
SOFR+600 bp
View all 6 positionslargest principal first
BDCInstrumentPrincipalFair valueRate
B•••••••• D••••• L•••••• C••••revolver lien unstated
I••••••••• Sr S•••••• R••••••• Ref S•••(Q) F•••• 1.50% S••••• 6.00% T•••• C••••• 9.68% M••
$8,081$2,747
39c
SOFR+600 bp
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $28.9M95cSOFR+600 bpOct 24, 20293
first lien revolver first lienat least $150,07037cSOFR+600 bpOct 24, 20291
revolver lien unstatedat least $138,85335cSOFR+600 bpOct 24, 20292
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20263$29.2M$27.1M94c0
Mar 31, 20263$29.2M$28.6M100c0
Dec 31, 20253$29.5M$29.3M101c0
Sep 30, 20253$29.5M$29.3M101c0
All 15 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20253$29.5M$29.1M101c0
Mar 31, 20253$29.5M$29.1M101c0
Dec 31, 20243$29.7M$29.1M100c0
Sep 30, 20241$15.0M$15.1M101c0
Jun 30, 20241$15.0M$15.1M101c0
Mar 31, 20241$15.1M$15.1M100c0
Dec 31, 20231$15.1M$15.1M100c0
Sep 30, 20231$15.2M$15.2M100c0
Jun 30, 20231$15.2M$15.2M100c0
Mar 31, 20231$16.4M$16.4M100c0
Dec 31, 20221$15.3M$15.3M100c0
What changed
Full timeline · 26 events
Every change including routine ones
Identity
Group key
A••••••• A•• Q••••••derivedthe codename stem after legal suffixes and deal words
Spellings
1 across 3 BDCsderived
Industry
Professional Servicesreportedas one filer wrote it

Position history

26 field-level changes across filed schedules, latest first
  • Marked downB•••••••• T•• C•••••• C•••• · 95.8% of cost to 35.0% of cost
    2026-06-30
  • Marked downB•••••••• D••••• L•••••• C•••• · 95.8% of cost to 39.3% of cost
    2026-06-30
  • Marked downB•••••••• P•••••• C••••• F••• · 91.2% of cost to 37.1% of cost
    2026-06-30
  • Marked downB•••••••• P•••••• C••••• F••• · 103.6% of cost to 91.2% of cost
    2026-03-31
  • Marked downB•••••••• T•• C•••••• C•••• · 105.7% of cost to 95.8% of cost
    2026-03-31
  • Marked downB•••••••• D••••• L•••••• C•••• · 105.7% of cost to 95.8% of cost
    2026-03-31
  • Principal increasedB•••••••• T•• C•••••• C•••• · $0 to $261,544
    2025-03-31
  • Principal decreasedB•••••••• D••••• L•••••• C•••• · $1.6M to $808,081
    2025-03-31
  • Principal increasedB•••••••• P•••••• C••••• F••• · $0 to $300,140
    2025-03-31
  • Maturity extendedB•••••••• T•• C•••••• C•••• · 2027-09-20 to 2029-10-24
    2024-12-31

Each line is one position compared between two consecutive BDC schedules of investments: principal, fair value mark, spread, PIK and maturity, as filed with the SEC.