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Borrower

T•••••• H•••••• C•••

Building Productsgroup grade Aon a schedule nowsponsor unattributed

What matters now

  1. 100¢ → 94¢
    consensus mark

    Consensus mark 94¢ on cost, down from 100¢ a year ago, 97¢ last quarter.

    Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.

    Derived4 of 4 lenders' own marks, weighted by principal
  2. 10 pts
    91¢ to 101¢

    Lenders disagree by 10 points: B•••••••• P•••••• C••••• F••• 91¢ to B••••••••• C•••••• C••• I• 101¢.

    Q2 2026 · Holders value the same loan differently, so a position could trade between them.

    Derivedeach lender's own fair value over cost, funded term loans of $2M or moreFor secondary buyers, special situations fundsLender marks
Mark path, consensus per quarter end
Q2 2025: 100¢Q3 2025: 102¢Q4 2025: 99¢Q1 2026: 97¢Q2 2026: 94¢100¢ · 102¢ · 99¢ · 97¢ · 94¢Q2 2025 to Q2 2026
Where each lender marks it, 10 points apart
91¢Consensus: 94¢B•••••••• P•••••• C••••• F•••: 91¢B••••••••• C•••••• C••• I•: 101¢101¢
Principal held
at least $15.7M
sum of BDC pieces, a lower bound
Fair value
$14.5M
94c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
5
4 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Mar 1, 2030
no dated debt inside 24 months
On the tape since
Mar 31, 2024
latest Jun 30, 2026
Events
1
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 · 4 positions across 4 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
B•••••••• P•••••• C••••• F•••term loan first lien
I••••••••• F•••• L••• T••• L••• Ref S•••(Q) F•••• 1.00% S••••• 6.00% T•••• C••••• 9.68% M•
$9.8M$8.8M
91c
SOFR+600 bp
B••••••••• C•••••• C••• I•term loan first lien
S••••• S•••••• T••• L•••, Due 3/1/2030
$4.7M$4.7M
101c
SOFR+600 bp
B•••••••• T•• C•••••• C••••term loan first lien
F•••• L••• T••• L••• Ref S•••(Q) F•••• 1.00% S••••• 6.00% T•••• C••••• 9.68% M••••••• 3/1/
$1.1M$998,884
93c
SOFR+600 bp
B•••••••• D••••• L•••••• C••••term loan first lien
I••••••••• F•••• L••• T••• L••• Ref S•••(Q) F•••• 1.00% S••••• 6.00% T•••• C••••• 9.68% M•
$78,125$69,922
91c
SOFR+600 bp
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $15.7M94cSOFR+600 bpMar 1, 20304
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20264$15.7M$14.5M94c0
Mar 31, 20264$15.9M$15.1M97c0
Dec 31, 20255$17.9M$17.5M99c0
Sep 30, 20254$16.5M$16.6M102c0
All 10 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20254$16.6M$16.3M100c0
Mar 31, 20254$16.8M$16.7M101c0
Dec 31, 20245$18.9M$18.9M102c0
Sep 30, 20244$17.0M$16.6M239c0
Jun 30, 20244$17.1M$16.6M239c0
Mar 31, 20243$15.5M$15.4M285c0
What changed
Every change including routine ones
Identity
Group key
TRULITEderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 5 BDCsderived
Industry
Building Productsreportedas one filer wrote it