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Borrower

C••••• O••••••••• P••••••• J•• L••

group grade Aon a schedule nowsponsor unattributed

What matters now

  1. 87¢ → 83¢
    consensus mark

    Consensus mark 83¢ on cost, down from 87¢ a year ago, 86¢ last quarter.

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

    Derived1 of 1 lender' own marks, weighted by principal
  2. $2.05B
    principal outstanding

    $2.05B principal held by 1 lender.

    Q2 2026 · The loss if the marks hold, spread across the holders below.

    FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
Q2 2025: 87¢Q3 2025: 89¢Q4 2025: 89¢Q1 2026: 86¢Q2 2026: 83¢87¢ · 89¢ · 89¢ · 86¢ · 83¢Q2 2025 to Q2 2026
Principal held
at least $2.0B
sum of BDC pieces, a lower bound
Fair value
$3.3B
83c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2020
latest Jun 30, 2026
Events
0
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
LenderExposureCurrent markQoQ change
F• K•• C•••••• C•••$2.05B83¢-3 pts
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
F• K•• C•••••• C•••unstated lien unstated$2.0B$1.6B
83c
F• K•• C•••••• C•••unstated lien unstatedNot disclosed$1.6B
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
other lien unstatedat least $2.0B83cunstated1
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20261$2.0B$1.6B83c0
Mar 31, 20261$2.0B$1.7B86c0
Dec 31, 20251$2.3B$2.0B89c0
Sep 30, 20251$2.1B$1.8B89c0
All 17 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20251$1.9B$1.6B87c0
Mar 31, 20251$0$0n/a0
Dec 31, 20241$3.3B$2.7B87c0
Sep 30, 20241$1.6B$1.4B88c0
Jun 30, 20241$1.6B$1.4B88c0
Mar 31, 20241$1.6B$1.4B88c0
Dec 31, 20231$1.6B$1.4B89c0
Sep 30, 20231$1.6B$1.4B89c0
Jun 30, 20231$1.6B$1.4B88c0
Mar 31, 20231$1.6B$1.4B89c0
Dec 31, 20221$1.6B$1.4B91c0
Sep 30, 20221$1.6B$1.5B93c0
Dec 31, 20211$1.5B$1.4B100c0
What changed
Every change including routine ones
Identity
Group key
C••••• O••••••••• P••••••• J•derivedthe codename stem after legal suffixes and deal words
Spellings
1 across 1 BDCderived