T••• S••••••••• F•••••• S••••••••• C•••• 2•••••• L••

group grade Aon a schedule nowsponsor unattributed

What matters now

74¢
consensus mark
Consensus mark 74¢ on cost.
Q1 2026 · The lenders' own valuations moved back up.
Derived1 of 1 lender' own marks, weighted by principal
$5.1M
principal outstanding
$5.1M principal held by 1 lender; matures Jan 2038.
Q1 2026 · Refinancing is due in 136 months at a 74¢ mark.
FactBDC schedules of investments, 31 Mar 2026; a sum of the BDCs' pieces, a lower bound

Principal held

at least $5.1M

sum of BDC pieces, a lower bound

Fair value

$1.4M

74c on cost, debt pieces

Unfunded

Not disclosed

commitments not yet drawn

BDC lenders

1 on the latest quarter

Facilities

0 equity pieces beside them

Next maturity

Jan 20, 2038

no dated debt inside 24 months

On the tape since

Mar 31, 2026

latest Mar 31, 2026

Events

dated, non-routine

Lender marks

each lender's own fair value over cost at Mar 31, 2026, folded to one row per lender

Lender	Exposure	Current mark	QoQ change
O•• C•••••• C•••	$5.1M	74¢	new this quarter

Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate

BDC	Instrument	Principal	Fair value	Rate
O•• C•••••• C•••	notes unsecured or subordinated S••••••••• N•••• I••••••• R••• 20.26% I•••••• A••••••••• D••• 8/12/2025 M••••••• 1/20/2038	$5.1M	$1.4M 74c	20.26%

Capital structure as the BDCs see it

latest quarter end Mar 31, 2026

Facility	Held	On cost	Pricing	Maturity	BDCs
unsecured or subordinated notes unsecured or subordinated exited Mar 31, 2026	at least $5.1M	74c	20.26%	Jan 20, 2038	1

Through time

the borrower's pieces summed across BDCs, every quarter end

Quarter end	BDCs	Principal held	Fair value	On cost	PIK pieces
Mar 31, 2026	1	$5.1M	$1.4M	74c	0

What changed

Identity

Group key: TYPE STRUCTURED FINANCE SECURITIES C••••derivedthe codename stem after legal suffixes and deal words
Spellings: 1 across 1 BDCderived