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Borrower

A•• I••••••••• H••••••• • A•• S••••••••• H••••••• L••

group grade Aon a schedule nowsponsor unattributed
Principal held
at least $46.6M
sum of BDC pieces, a lower bound
Fair value
$46.5M
99c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
4
3 on the latest quarter
Facilities
2
3 equity pieces beside them
Next maturity
Mar 1, 2027
$17.4M inside 24 months
On the tape since
Sep 30, 2021
latest Mar 31, 2026
Events
5
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Mar 31, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lien
exited Mar 31, 2026
at least $26.5M100cS+600 bpMay 1, 20284
unsecured or subordinated subordinated debt unsecured or subordinated
exited Mar 31, 2026
at least $20.1M99c
PIK 13.75%
Mar 1, 20282
Equity pieces beside the debt: equity ($134,000 fair value, 2 BDCs), other ($183,000 fair value, 1 BDC), warrants ($280,000 fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
G•••• C•••••• B•• 4• I•••term loan first lien
One stop
$1.2M$1.2M
100c
S+600 bp
G•••• C•••••• B••• I•••term loan first lien
One stop 4 | N••••••••• I•••••
$500,000$498,000
100c
S+600 bp
G•••• C•••••• B••• I•••subordinated debt unsecured or subordinated
S••••••••• debt 2 | N••••••••• I•••••
$3.4M$3.3M
100c
PIK 13.75%
G•••• C•••••• B••• I•••unstated lien unstated
LLC interest | N••••••••• I•••••
n/a$183,000
95c
G•••• C•••••• B••• I•••term loan first lien
One stop 3 | N••••••••• I•••••
$824,000$820,000
100c
S+600 bp
G•••• C•••••• B••• I•••term loan first lien
One stop 6 | N••••••••• I•••••
$0$0
G•••• C•••••• B••• I•••subordinated debt unsecured or subordinated
S••••••••• debt 1 | N••••••••• I•••••
$15.4M$15.3M
99c
PIK 13.75%
G•••• C•••••• B••• I•••subordinated debt unsecured or subordinated
S••••••••• debt 3 | N••••••••• I•••••
$1.3M$1.3M
100c
PIK 13.75%
G•••• C•••••• B••• I•••term loan first lien
One stop 2 | N••••••••• I•••••
$5.3M$5.3M
100c
S+600 bp
G•••• C•••••• B••• I•••term loan first lien
One stop 1 | N••••••••• I•••••
$6.3M$6.3M
100c
S+600 bp
G•••• C•••••• B••• I•••term loan first lien
One stop 5 | N••••••••• I•••••
$391,000$389,000
99c
S+600 bp
G•••• C•••••• P•••••• C••••• F•••term loan first lien
One stop 1
$500,000$498,000
100c
S+600 bp
G•••• C•••••• P•••••• C••••• F•••term loan first lien
One stop 2
$11.5M$11.5M
100c
S+600 bp
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Mar 31, 20263$46.6M$46.3M99c3
Dec 31, 20252$48.6M$48.6M100c3
Sep 30, 20252$84.7M$84.7M100c6
Jun 30, 20252$47.9M$47.9M100c3
Mar 31, 20252$46.4M$46.4M100c3
Dec 31, 20242$45.8M$45.8M100c3
Sep 30, 20242$45.1M$45.1M100c3
Jun 30, 20242$44.5M$44.4M99c0
Mar 31, 20243$44.6M$44.4M100c0
Dec 31, 20233$43.9M$43.5M100c0
Sep 30, 20233$43.3M$43.3M101c0
Jun 30, 20232$30.8M$30.8M101c0
Mar 31, 20232$30.0M$29.8M101c0
Dec 31, 20221$11.7M$11.6M100c0
Sep 30, 20222$24.9M$24.3M99c0
Sep 30, 20211$7.8M$7.8M102c0
What changed
Every change including routine ones
Identity
Group key
AVG AND AVG SUBSIDIARYderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 4 BDCsderived