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Borrower

S•••• E•••••••• H•••••••• L••

group grade Aon a schedule nowsponsor unattributed
Also written as: S•••• E••••••••, LLC
Principal held
at least $54.0M
sum of BDC pieces, a lower bound
Fair value
$49.8M
100c on cost, debt pieces
Unfunded
$0
commitments not yet drawn
BDC lenders
6
1 on the latest quarter
Facilities
3
1 equity pieces beside them
Next maturity
Dec 15, 2028
no dated debt inside 24 months
On the tape since
Sep 30, 2021
latest Jun 30, 2026
Events
7
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 $46.7M100cS+525 bpDec 15, 20285
first lien revolver first lienat least $7.3M100cS+525 bpDec 15, 20281
other lien unstatedunknownn/aunstated2
Equity pieces beside the debt: equity ($37,000 fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
T•• T••• B•••• C•••••• I••••• F•••unstated lien unstatedn/an/a
T•• T••• B•••• C•••••• I••••• F•••term loan first lien
First lien senior secured term loan
$46.7M$46.4M
100c
S+525 bp
T•• T••• B•••• C•••••• I••••• F•••unstated lien unstatedn/an/a
T•• T••• B•••• C•••••• I••••• F•••revolver first lien
First lien senior secured revolving loan
$7.3M$3.5M
100c
S+525 bp
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20261$54.0M$49.8M100c0
Mar 31, 20261$54.1M$49.9M100c0
Dec 31, 20251$108M$100M100c0
Sep 30, 20251$54.3M$47.8M100c0
Jun 30, 20251$54.4M$47.9M100c0
Mar 31, 20251$54.6M$47.9M100c0
Dec 31, 20241$54.7M$46.9M100c0
Sep 30, 20241$54.8M$47.0M100c0
Jun 30, 20241$54.9M$46.9M100c0
Mar 31, 20243$18.9M$14.1M101c0
Dec 31, 20233$18.9M$14.1M100c0
Sep 30, 20233$18.9M$14.1M100c0
Jun 30, 20233$19.0M$14.1M100c0
Mar 31, 20233$19.0M$14.1M100c0
Dec 31, 20221$23.3M$18.2M100c0
Sep 30, 20223$41.5M$41.5M101c0
Sep 30, 20211$0$33,000471c0
What changed
Every change including routine ones
Identity
Group key
SPEAR EDUCATIONderivedthe codename stem after legal suffixes and deal words
Spellings
2 across 6 BDCsderived