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Borrower

U••••••• I••

Softwaregroup grade Bon a schedule nowsponsor unattributed
Also written as: Undrawn Commitment

What matters now

  1. 100¢ → 101¢
    consensus mark

    Consensus mark 101¢ on cost, up from 100¢ a year ago, 99¢ last quarter.

    Q2 2026 · The lenders' own valuations moved back up.

    Derived1 of 1 lender' own marks, weighted by principal
Mark path, consensus per quarter end
Q2 2025: 100¢Q3 2025: 100¢Q4 2025: 99¢Q1 2026: 99¢Q2 2026: 101¢100¢ · 100¢ · 99¢ · 99¢ · 101¢Q2 2025 to Q2 2026
Principal held
at least $10.3M
sum of BDC pieces, a lower bound
Fair value
$10.3M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
1 equity pieces beside them
Next maturity
Jun 1, 2029
no dated debt inside 24 months
On the tape since
Jun 30, 2024
latest Jun 30, 2026
Events
1
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 · 3 positions across 1 lenderlargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
M••••• F•••••••• I••••••••• C•••term loan first lien
F•••• L••• S•••••• D••• - T••• L••• S•••+600, 4.00% F•••• M••••••• D••• 06/01/29
$10.0M$10.0M
101c
SOFR+600 bp
M••••• F•••••••• I••••••••• C•••revolver first lien
F•••• L••• S•••••• D••• - R••••••• S•••+350, 4.00% F•••• M••••••• D••• 06/01/29
$300,000$300,000
100c
SOFR+350 bp
M••••• F•••••••• I••••••••• C•••delayed draw term loan first lien
F•••• L••• S•••••• D••• - D•••••• D••• S•••+600, 4.00% F•••• M••••••• D••• 06/01/29
Not disclosedNot disclosedSOFR+600 bp
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $10.0M101cSOFR+600 bpJun 1, 20291
first lien revolver first lienat least $300,000100cSOFR+350 bpJun 1, 20291
first lien delayed draw term loan first lienunknownn/aSOFR+600 bpJun 1, 20291
Equity pieces beside the debt: other ($9.8M fair value, 1 BDC)
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20261$10.3M$10.3M101c0
Mar 31, 20261$10.3M$10.0M98c0
Dec 31, 20251$10.3M$10.0M98c0
Sep 30, 20251$10.0M$9.7M98c0
All 9 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20251$10.0M$9.7M98c0
Mar 31, 20251$10.0M$9.8M99c0
Dec 31, 20241$10.1M$9.9M99c0
Sep 30, 20241$10.0M$9.8M99c0
Jun 30, 20241$10.0M$9.9M100c0
What changed
Every change including routine ones
Identity
Group key
UPLIGHTderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 1 BDCderived
Industry
Softwarereportedas one filer wrote it