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Borrower

D•••••• F••••••••• L••

Cable & Satellitegroup grade Aon a schedule nowsponsor unattributed
Also written as: Cable & Satellite; Emerald JV LP; Entertainment; First Rate; Fixed Rate; LLC - Broadcasting & Subscription; LLC-Media: Broadcasting & Subscription; Media

Nothing material in the last 200 days. No dated change on record yet.

Mark path, consensus per quarter end
Q2 2025: 98¢Q3 2025: 100¢Q4 2025: 101¢Q1 2026: 101¢Q2 2026: 101¢98¢ · 100¢ · 101¢ · 101¢ · 101¢Q2 2025 to Q2 2026
Where each lender marks it, 2 points apart
100¢Consensus: 101¢B••• O•• C••••• I••••• C••••: 100¢O•••••• S•••••••• C••••• F•••: 102¢O•••••• S•••••••• L•••••• C•••: 102¢P••••• S••••• C•••••• B•• I•••: 101¢A• P•••••• L•••••• F•••: 101¢102¢
Principal held
at least $130M
sum of BDC pieces, a lower bound
Fair value
$131M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
14
5 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Aug 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
6
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 5 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
B••• O•• C••••• I••••• C••••term loan first lien
F•••• lien senior secured loan | N••••••••• I•••••
$62.7M$62.9M
100c
S+525 bp
O•••••• S•••••••• C••••• F•••notes lien unstated
F•••• R••• B•••
$21.4M$21.7M
102c
9.25%
O•••••• S•••••••• C••••• F•••term loan first lien
F•••• L••• T••• L••• 2
$16.7M$16.8M
102c
S+550 bp
O•••••• S•••••••• L•••••• C•••notes lien unstated
B•••
$14.3M$14.5M
102c
9.25%
O•••••• S•••••••• C••••• F•••term loan first lien
F•••• L••• T••• L••• 1
$11.9M$12.0M
102c
S+550 bp
View all 7 positionslargest principal first
BDCInstrumentPrincipalFair valueRate
P••••• S••••• C•••••• B•• I•••term loan first lien
Investment F•••• L••• S••••• S•••••• L••• I••••••• R••• 9.18% (S +CSA + 5.25%) M••••••• D•
$2.7M$2.7M
101c
SOFR+525 bp
A• P•••••• L•••••• F•••term loan first lien
US C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 8.98% (S + 5.25%; 0.75% F••
$447,977$449,939
101c
SOFR+525 bp
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $94.4M101cSOFR+525 bpFeb 17, 20319
notes lien unstatedat least $35.7M102c9.25%Jun 1, 20322
other lien unstated
exited Dec 31, 2025
at least $1.0M101cS+500 bpAug 2, 20275
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20265$130M$131M101c0
Mar 31, 20264$136M$137M101c0
Dec 31, 20257$157M$158M101c0
Sep 30, 20258$136M$136M100c0
All 17 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20256$102M$99.6M98c0
Mar 31, 20256$104M$101M98c0
Dec 31, 20246$62.3M$62.2M101c0
Sep 30, 20246$50.3M$49.9M101c0
Jun 30, 20245$37.6M$37.6M101c0
Mar 31, 20244$35.4M$35.4M102c0
Dec 31, 20235$63.8M$63.2M103c0
Sep 30, 20234$40.8M$39.7M100c0
Jun 30, 20234$41.8M$40.8M100c0
Mar 31, 20234$43.9M$42.2M98c0
Dec 31, 20223$35.3M$34.4M99c0
Sep 30, 20223$48.9M$45.6M95c0
Dec 31, 20212$13.7M$13.7M101c0
What changed
Full timeline · 30 events
Every change including routine ones
Identity
Group key
D•••••• F••••••••derivedthe codename stem after legal suffixes and deal words
Spellings
1 across 14 BDCsderived
Industry
Cable & Satellitereportedas one filer wrote it