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Borrower

C• • R• F•••••• B•••• L••••••

group grade Aon a schedule nowsponsor unattributed
Also written as: Other

What matters now

  1. 105¢ → 100¢
    consensus mark

    Consensus mark 100¢ on cost, down from 105¢ in Q1 2025, 108¢ 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
Q1 2025: 105¢Q3 2025: 108¢Q4 2025: 108¢Q1 2026: 100¢105¢ · 108¢ · 108¢ · 100¢Q1 2025 to Q1 2026
Principal held
at least $30.8M
sum of BDC pieces, a lower bound
Fair value
$30.9M
100c 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
Sep 30, 2030
no dated debt inside 24 months
On the tape since
Mar 31, 2023
latest Mar 31, 2026
Events
11
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
O•••••• S•••••••• C••••• F•••$30.8M100¢-8 pts
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
O•••••• S•••••••• C••••• F•••term loan first lien
F•••• L••• T••• L•••
$30.8M$30.9M
100c
S+650 bp
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 $30.8M100cS+650 bpSep 30, 20301
first lien revolver first lien
exited Jun 30, 2024
at least $0n/aS+600 bpApr 12, 20301
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Mar 31, 20261$30.8M$30.9M100c0
Dec 31, 20251$23.0M$31.3M108c0
Sep 30, 20251$23.0M$31.1M108c0
Jun 30, 20251$45.0M$61.6M111c0
All 13 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Mar 31, 20251$45.0M$58.2M105c0
Dec 31, 20241$56.5M$56.4M102c0
Sep 30, 20242$74.6M$100M109c0
Jun 30, 20242$87.3M$107M102c1
Mar 31, 20242$84.6M$107M102c0
Dec 31, 20232$46.4M$58.1M103c0
Sep 30, 20231$21.1M$25.2M99c0
Jun 30, 20231$16.1M$19.9M104c0
Mar 31, 20231$16.1M$19.2M101c0
What changed
Full timeline · 25 events
Every change including routine ones
Identity
Group key
CD AND R FIREFLYderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 2 BDCsderived