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Borrower

M••• M••••• S••••••• L••

group grade Aon a schedule nowsponsor not established · possible relationship

What matters now

  1. 1 of 1 lender
    on non-accrual

    Non-accrual at 1 of 1 lender on the latest schedules, first placed in Q1 2025.

    since Q1 2025 · Interest has stopped accruing; the lenders no longer expect to be paid in full.

    FactBDC schedules of investments, 30 Jun 2026For restructuring advisers, special situations funds, the lenders' LPsSee every lender →
  2. 63¢ → 30¢
    consensus mark

    Consensus mark 30¢ on cost, down from 63¢ a year ago, 31¢ last quarter.

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

    Derived1 of 1 lender' own marks, weighted by principal
  3. $16.5M
    principal outstanding

    $16.5M principal held by 1 lender; matures Mar 2027.

    Q2 2026 · Refinancing is due in 6 months at a 30¢ mark.

    FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
Q2 2025: 63¢Q3 2025: 63¢Q4 2025: 53¢Q1 2026: 31¢Q2 2026: 30¢63¢ · 63¢ · 53¢ · 31¢ · 30¢Q2 2025 to Q2 2026
Principal held
at least $16.5M
sum of BDC pieces, a lower bound
Fair value
$4.5M
30c on cost, debt pieces
Unfunded
$390,000
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Mar 31, 2027
$16.5M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
6
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
LenderExposureCurrent markQoQ change
F••••••• B•• C•••••• C•••$16.5M30¢-1 pts
Every BDC piece · 5 positions across 1 lenderlargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
F••••••• B•• C•••••• C•••term loan first lien$15.6M$4.5M
32c
11.00%
PIK 4.00%
F••••••• B•• C•••••• C•••term loan first lien$909,000$-11,000
-1c
11.00%
PIK 4.00%
F••••••• B•• C•••••• C•••unstated lien unstatedNot disclosed$0
F••••••• B•• C•••••• C•••unstated lien unstatedNot disclosed$0
F••••••• B•• C•••••• C•••term loan first lien
S••••• S•••••• F•••• L••• D•••
Not disclosedNot disclosed
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $16.5M30c11.00%
PIK 4.00%
Mar 31, 20271
other lien unstatedunknownn/aunstated2
first lien revolver first lien
exited Sep 30, 2023
at least $15.9M92cS+675 bpApr 23, 20251
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20261$16.5M$4.5M30c2
Mar 31, 20261$16.4M$4.6M31c2
Dec 31, 20251$16.3M$8.0M53c2
Sep 30, 20251$16.4M$9.8M63c2
All 15 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20251$16.3M$9.8M63c2
Mar 31, 20251$16.2M$9.7M62c2
Dec 31, 20241$32.3M$25.8M82c4
Sep 30, 20241$16.1M$14.5M94c2
Jun 30, 20241$16.0M$14.4M95c2
Mar 31, 20241$15.9M$14.3M97c2
Sep 30, 20231$15.9M$14.6M92c0
Jun 30, 20231$16.0M$14.7M92c0
Mar 31, 20231$16.0M$14.7M92c0
Dec 31, 20221$15.5M$14.2M93c0
Dec 31, 20211$15.1M$14.0M94c0
What changed
Full timeline · 13 events
Every change including routine ones
Identity
Group key
M••• M••••• S••••••derivedthe codename stem after legal suffixes and deal words
Spellings
1 across 2 BDCsderived