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Borrower

G• T•• I••••••••• H•••••••• I••

Financial Servicesgroup grade Aon a schedule nowsponsor T••••••••• C••••••• L•• inferred
Also written as: GC TWO HOLDINGS INC

What matters now

  1. 103¢ → 99¢
    consensus mark

    Consensus mark 99¢ on cost, down from 103¢ in Q3 2023, 101¢ last quarter.

    Q1 2026 · The lenders' own valuations, the most direct read of what they expect to recover.

    Derived1 of 1 lender' own marks, weighted by principal
Mark path, consensus per quarter end
Q3 2023: 103¢Q4 2023: 105¢Q3 2024: 101¢Q1 2026: 99¢103¢ · 105¢ · 101¢ · 99¢Q3 2023 to Q1 2026
Principal held
at least $997,500
sum of BDC pieces, a lower bound
Fair value
$983,994
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Aug 9, 2030
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Mar 31, 2026
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2026, folded to one row per lender
LenderExposureCurrent markQoQ change
A• P•••••• L•••••• F•••$998K99¢new this quarter
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
A• P•••••• L•••••• F•••term loan first lien
US C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 6.66% (S + 3.00%; 0.00% F••
$997,500$983,994
99c
SOFR+300 bp
Capital structure as the BDCs see it
latest quarter end Mar 31, 2026
FacilityHeldOn costPricingMaturityBDCs
unsecured or subordinated notes unsecured or subordinated
exited Mar 31, 2024
at least $6.1M111c7.50%Apr 1, 20291
first lien term loan first lien
exited Mar 31, 2026
at least $997,50099cSOFR+300 bpAug 9, 20301
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Mar 31, 20261$997,500$983,99499c0
Sep 30, 20241$4.5M$4.4M101c0
Mar 31, 20241$6.1M$5.8M111c0
Dec 31, 20231$11.7M$10.5M105c0
All 8 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Sep 30, 20231$11.9M$10.5M103c0
Jun 30, 20231$16.9M$14.6M100c0
Mar 31, 20231$23.5M$20.4M98c0
Dec 31, 20221$10.6M$8.8M95c0
What changed
Every change including routine ones
Identity
Group key
GC TWOderivedthe codename stem after legal suffixes and deal words
Spellings
2 across 2 BDCsderived
Industry
Financial Servicesreportedas one filer wrote it