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Borrower

M•••••• I••••••••• H•••••••• L••

group grade Aon a schedule nowsponsor unattributed

What matters now

  1. 97¢ → 99¢
    consensus mark

    Consensus mark 99¢ on cost, up from 97¢ a year ago, 101¢ last quarter.

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

    Derived3 of 3 lenders' own marks, weighted by principal
Mark path, consensus per quarter end
Q3 2023: 97¢Q4 2023: 97¢Q1 2024: 100¢Q2 2024: 101¢Q2 2026: 99¢97¢ · 97¢ · 100¢ · 101¢ · 99¢Q3 2023 to Q2 2026
Where each lender marks it, 1 points apart
99¢Consensus: 99¢A••• C•••••• C•••: 99¢A••• S•••••••• I••••• F•••: 100¢F••••••• B•• C•••••• C•••: 100¢100¢
Principal held
at least $56.7M
sum of BDC pieces, a lower bound
Fair value
$55.9M
99c on cost, debt pieces
Unfunded
$12.1M
commitments not yet drawn
BDC lenders
5
3 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jun 1, 2032
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
3
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 · 7 positions across 3 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
A••• C•••••• C•••term loan first lien
F•••• lien senior secured loan
$28.1M$27.7M
99c
S+500 bp
A••• S•••••••• I••••• F•••term loan first lien
F•••• lien senior secured loan
$14.3M$14.1M
100c
S+500 bp
F••••••• B•• C•••••• C•••unstated lien unstated$14.3M$14.1M
100c
S+500 bp
F••••••• B•• C•••••• C•••unstated lien unstated$0$-42,000
100c
S+500 bp
A••• C•••••• C•••unstated lien unstatedNot disclosedNot disclosed
View all 7 positionslargest principal first
BDCInstrumentPrincipalFair valueRate
A••• S•••••••• I••••• F•••unstated lien unstatedNot disclosedNot disclosed
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 $42.4M99cS+500 bpJun 1, 20323
other lien unstatedat least $14.3M100cS+500 bpJun 2, 20324
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20263$56.7M$55.9M99c0
Jun 30, 20241$1.7M$1.6M101c0
Mar 31, 20241$4.7M$4.6M100c0
Dec 31, 20232$12.3M$12.0M97c0
All 10 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Sep 30, 20232$12.3M$12.0M97c0
Jun 30, 20232$5.4M$5.4M100c0
Mar 31, 20232$5.5M$5.4M99c0
Dec 31, 20221$2.0M$1.9M97c0
Sep 30, 20221$2.0M$1.9M96c0
Dec 31, 20211$2.0M$2.0M99c0
What changed
Full timeline · 9 events
Every change including routine ones
Identity
Group key
MARAVAIderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 5 BDCsderived