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Borrower

A•••• A••••••••• L••

group grade Aon a schedule nowsponsor unattributed
Also written as: A•••• AB Merger Sub, Inc; A•••• A••••••••• L•• 2024; LLC 2024; LLC First and

What matters now

  1. 101¢ → 99¢
    consensus mark

    Consensus mark 99¢ on cost, down from 101¢ a year ago, 101¢ 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
Mark path, consensus per quarter end
Q2 2025: 101¢Q3 2025: 101¢Q4 2025: 101¢Q1 2026: 101¢Q2 2026: 99¢101¢ · 101¢ · 101¢ · 101¢ · 99¢Q2 2025 to Q2 2026
Principal held
at least $998,000
sum of BDC pieces, a lower bound
Fair value
$998,000
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
11
1 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
9
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
B•••••• P•••••• C••••• C•••$998K99¢0 pts
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
B•••••• P•••••• C••••• C•••term loan first lien
F•••• L••• S••••• S•••••• T••• L•••
$998,000$998,000
99c
S+250 bp
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $998,00099cS+250 bpunstated9
other lien unstated
exited Sep 30, 2023
at least $11.9M58cS+800 bpApr 30, 20251
first lien revolver first lien
exited Jun 30, 2025
at least $5.8M100cSOFR+525 bpDec 13, 20271
second lien term loan second lien
exited Sep 30, 2025
at least $2.0M101cSOFR+325 bpAug 30, 20321
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20261$998,000$998,00099c0
Mar 31, 20262$5.0M$5.0M101c0
Dec 31, 20254$12.3M$12.4M101c0
Sep 30, 20253$7.1M$7.1M101c0
All 16 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20254$88.6M$88.5M101c0
Mar 31, 20255$88.3M$88.1M101c0
Dec 31, 20245$133M$133M101c0
Sep 30, 20245$88.7M$88.4M100c0
Jun 30, 20245$85.8M$85.2M100c0
Mar 31, 20245$86.0M$85.2M100c0
Dec 31, 20231$50.6M$50.6M101c0
Sep 30, 20232$63.4M$58.2M93c0
Jun 30, 20232$64.0M$58.2M93c0
Mar 31, 20231$11.9M$9.2M77c0
Dec 31, 20222$76.7M$74.8M98c0
Dec 31, 20211$12.1M$12.1M100c0
What changed
Full timeline · 28 events
Every change including routine ones
Identity
Group key
ASTROderivedthe codename stem after legal suffixes and deal words
Spellings
3 across 11 BDCsderived