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Borrower

B•••••• H••••• S•••••••• I••

H••••• Care Providers & Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Bay Mark H••••• Services, Inc

What matters now

  1. 93¢ → 94¢
    consensus mark

    Consensus mark 94¢ on cost, up from 93¢ a year ago, 83¢ last quarter.

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

    Derived4 of 5 lenders' own marks, weighted by principal
  2. $42M
    principal outstanding

    $42M principal held by 5 lenders; matures Jun 2027.

    Q2 2026 · Refinancing is due in 9 months at a 94¢ mark.

    FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
  3. 55¢ → 91¢
    +36 pts, one lender

    S••••• P•••• S•••••••• L•••••• F••• marked it 55¢ → 91¢, the largest move among 5 lenders this quarter.

    Q2 2026 · One holder repriced far more than the rest.

    FactS••••• P•••• S•••••••• L•••••• F••• schedule of investmentsOpen the lender
Mark path, consensus per quarter end
Q2 2025: 93¢Q3 2025: 87¢Q4 2025: 56¢Q1 2026: 83¢Q2 2026: 94¢93¢ · 87¢ · 56¢ · 83¢ · 94¢Q2 2025 to Q2 2026
Where each lender marks it, 5 points apart
91¢Consensus: 94¢S•• P•••••• C••••• I••••• B•• L••: 95¢S••••• P•••• S•••••••• L•••••• F•••: 91¢S•• I••••••••• C••••: 96¢S•• H• B•• L••: 95¢96¢
Principal held
at least $42.0M
sum of BDC pieces, a lower bound
Fair value
$36.4M
78c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
6
5 on the latest quarter
Facilities
5
0 equity pieces beside them
Next maturity
Jun 11, 2027
$42.0M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
25
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 · 10 positions across 5 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
S•• P•••••• C••••• I••••• B•• L••term loan first lien
I••••••• H••••• C••• P•••••••• & Services S••••• above I•••• S+500 F•••• 1.00% I••••••• R•
$15.5M$14.8M
95c
SOFR+500 bp
S•• I••••••••• C••••term loan first lien
| F•••• L••• B••• D•••/S••••• S•••••• L•••• | 4/2022 | 6/2027
$8.2M$7.8M
96c
SOFR+500 bp
S••••• P•••• S•••••••• L•••••• F•••term loan first lien
1st L•••/S•••••• L•••• I••••••••• 1st L••• T••• L••• I••••••• H••••••••• P•••••••• & Servi
$4.1M$3.7M
91c
SOFR+526 bp
S•• H• B•• L••term loan first lien
B••• D•••/S••••• S•••••• L•••• | 6/2021 | 6/2027
$4.0M$3.8M
95c
SOFR+500 bp
S••••• P•••• S•••••••• L•••••• F•••term loan second lien
2nd L•••/S•••••• L•••• I••••••••• 2nd L••• T••• L••• I••••••• H••••••••• P•••••••• & Servi
$3.3M$115,000
3c
SOFR+1076 bp
View all 10 positionslargest principal first
BDCInstrumentPrincipalFair valueRate
S••••• P•••• S•••••••• L•••••• F•••delayed draw term loan first lien
1st L•••/S•••••• L•••• I••••••••• 1st L••• D•••••• D••• T••• L••• I••••••• H••••••••• P•••
$2.6M$2.3M
91c
SOFR+526 bp
S••••• P•••• S•••••••• L•••••• F•••delayed draw term loan second lien
2nd L•••/S•••••• L•••• I••••••••• 2nd L••• D•••••• D••• T••• L••• I••••••• H••••••••• P•••
$2.6M$88,744
3c
SOFR+1076 bp
H•••••• P••• C•••••••• I•••••• I•••term loan second lien
S••••• L••• D••• I••••••• O••••••••• M••••• H••••• and S•••••••• A•••• C•••••• IR 14.49% S
$1.3M$7,550
1c
SOFR+1050 bp
H•••••• P••• C•••••••• I•••••• I•••term loan second lien
S••••• L••• D••• I••••••• O••••••••• M••••• H••••• and S•••••••• A•••• C•••••• IR 14.49% S
$357,657$2,037
1c
SOFR+1050 bp
S•• I••••••••• C••••unstated lien unstated
6/2027
Not disclosed$3.8M
95c
SOFR+500 bp
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $31.8M95cSOFR+500 bpJun 30, 20274
second lien term loan second lienat least $5.0M3cSOFR+1050 bpJun 11, 20282
first lien delayed draw term loan first lienat least $2.6M91cSOFR+526 bpJun 11, 20271
second lien delayed draw term loan second lienat least $2.6M3cSOFR+1076 bpJun 11, 20281
other lien unstatedunknown95cSOFR+500 bpJun 30, 20271
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20265$42.0M$32.6M78c0
Mar 31, 20266$51.0M$33.3M66c0
Dec 31, 20256$63.3M$35.4M56c0
Sep 30, 20256$50.8M$43.8M87c0
All 17 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20256$50.8M$46.8M93c0
Mar 31, 20256$48.3M$46.1M96c0
Dec 31, 20246$96.1M$93.4M98c0
Sep 30, 20246$51.1M$49.3M97c0
Jun 30, 20246$47.8M$46.8M99c0
Mar 31, 20246$51.3M$50.3M99c0
Dec 31, 20236$67.7M$67.3M101c0
Sep 30, 20235$38.7M$38.6M101c0
Jun 30, 20232$10.6M$10.5M99c0
Mar 31, 20232$10.6M$10.5M100c0
Dec 31, 20226$93.5M$87.7M101c0
Sep 30, 20221$8.2M$8.2M101c0
Dec 31, 20211$9.9M$10.5M110c0
What changed
Full timeline · 30 events
Every change including routine ones
Identity
Group key
B•••••• H••••• S•••••••derivedthe codename stem after legal suffixes and deal words
Spellings
2 across 6 BDCsderived
Industry
H••••• Care Providers & Servicesreportedas one filer wrote it