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Borrower

e•••••• I••

Drug Discovery & Developmentgroup grade Bon a schedule nowsponsor unattributed
Also written as: and enGene Inc; Inc. and

What matters now

  1. 100¢ → 103¢
    consensus mark

    Consensus mark 103¢ on cost, up from 100¢ a year ago, 101¢ last quarter.

    Q1 2026 · The lenders' own valuations moved back up.

    Derived1 of 1 lender' own marks, weighted by principal
Mark path, consensus per quarter end
Q1 2025: 100¢Q2 2025: 100¢Q3 2025: 101¢Q4 2025: 101¢Q1 2026: 103¢100¢ · 100¢ · 101¢ · 101¢ · 103¢Q1 2025 to Q1 2026
Principal held
at least $17.5M
sum of BDC pieces, a lower bound
Fair value
$18.4M
103c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
Jan 1, 2030
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Mar 31, 2026
Events
6
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
H••••••• C••••••• I•••$17.5M103¢+2 pts
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
H••••••• C••••••• I•••term loan first lien
S••••• S••••••, J•••••• 2030, P•••• + 2.25%, F•••• rate 9.25%, Cap rate 10.25%, 5.95% E•••
$17.5M$18.3M
103c
S+225 bp
H••••••• C••••••• I•••warrants equity
W••••••, 12/22/2023, C••••• S••••
Not disclosed$151,000
69c
H••••••• C••••••• I•••warrants equity
W••••••, A••••••••• D••• 12/22/2023, Series C••••• S••••
Not disclosedNot disclosed
Capital structure as the BDCs see it
latest quarter end Mar 31, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lien
exited Mar 31, 2026
at least $17.5M103cS+225 bpJan 1, 20301
Equity pieces beside the debt: preferred equity ($0 fair value, 1 BDC), warrants ($151,000 fair value, 1 BDC)
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Mar 31, 20261$17.5M$18.3M103c0
Dec 31, 20251$32.2M$33.3M101c2
Sep 30, 20251$16.1M$16.6M101c1
Jun 30, 20251$16.0M$16.3M100c1
All 14 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Mar 31, 20251$16.0M$16.2M100c1
Dec 31, 20241$31.8M$32.3M101c2
Sep 30, 20241$15.9M$16.3M103c1
Jun 30, 20241$15.8M$15.9M101c1
Mar 31, 20241$15.8M$16.0M102c1
Dec 31, 20231$47.3M$46.6M100c3
Sep 30, 20231$9.8M$10.2M101c0
Jun 30, 20231$11.0M$11.3M100c0
Mar 31, 20231$11.0M$11.1M100c0
Dec 31, 20221$11.0M$11.1M100c0
What changed
Full timeline · 10 events
Every change including routine ones
Identity
Group key
ENGENEderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 1 BDCderived
Industry
Drug Discovery & Developmentreportedas one filer wrote it