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Borrower

V•••••

Aerospace & Defensegroup grade Bon a schedule nowsponsor unattributed
Also written as: V••••• Holdings Inc

What matters now

  1. 100¢ → 102¢
    consensus mark

    Consensus mark 102¢ on cost, up from 100¢ in Q1 2026.

    Q2 2026 · The lenders' own valuations moved back up.

    Derived3 of 3 lenders' own marks, weighted by principal
Mark path, consensus per quarter end
Q1 2026: 100¢Q2 2026: 102¢100¢ · 102¢Q1 2026 to Q2 2026
Where each lender marks it, 0 points apart
102¢Consensus: 102¢A••••• D••• S•••••••• B••: 102¢O••••• S••••• C•••••• C••••: 102¢A•••• P•••••• C••••• F•••• L••: 102¢102¢
Principal held
at least $39.5M
sum of BDC pieces, a lower bound
Fair value
$39.6M
102c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Mar 3, 2033
no dated debt inside 24 months
On the tape since
Mar 31, 2026
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 3 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
A••••• D••• S•••••••• B••term loan first lien
Investment T••• F•••• L••• S•••••• D••• - T••• L••• I••••••• R••• S+450, 0.00% F•••• M••••
$25.5M$25.6M
102c
SOFR+450 bp
O••••• S••••• C•••••• C••••term loan first lien
S••••• S•••••• N•••• first lien senior secured notes
$10.0M$10.0M
102c
S+450 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment T••• 1st L••• T••• L••• I•••• S+ S••••• 4.50% I••••••• R••• 8.23% A••••••••• D•
$2.0M$2.0M
102c
SOFR+450 bp
A•••• P•••••• C••••• F•••• L••term loan first lien
Investment T••• 1st L••• T••• L••• I•••• S+ S••••• 4.50% I••••••• R••• 8.23% A••••••••• D•
$2.0M$2.0M
102c
SOFR+450 bp
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $39.5M102cSOFR+450 bpMar 3, 20333
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20263$39.5M$39.6M102c0
Mar 31, 20263$39.5M$38.7M100c0
What changed
Every change including routine ones
Identity
Group key
VANTORderivedthe codename stem after legal suffixes and deal words
Spellings
2 across 3 BDCsderived
Industry
Aerospace & Defensereportedas one filer wrote it