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Borrower

C•••••• P••••••• S•••••• S•••••••• L••

group grade Aon a schedule nowsponsor not established · possible relationship
Also written as: QHP Project Captivate Blocker, Inc

What matters now

  1. $14.3M
    principal outstanding

    $14.3M principal held by 2 lenders; matures Nov 2027.

    Q2 2026 · Refinancing is due in 14 months at a 101¢ mark.

    FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
Q2 2025: 101¢Q3 2025: 101¢Q4 2025: 101¢Q1 2026: 101¢Q2 2026: 101¢101¢ · 101¢ · 101¢ · 101¢ · 101¢Q2 2025 to Q2 2026
Where each lender marks it, 0 points apart
101¢Consensus: 101¢S•••••• P•••••• C••••• B••: 101¢S•••••• C•••••• I••••••••• C•••: 101¢101¢
Principal held
at least $14.3M
sum of BDC pieces, a lower bound
Fair value
$15.4M
101c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
3
1 equity pieces beside them
Next maturity
Nov 22, 2027
$14.3M inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
5
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 · 7 positions across 2 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
S•••••• P•••••• C••••• B••term loan lien unstated
T••• L•••
$5.6M$5.6M
101c
SOFR+625 bp
S•••••• C•••••• I••••••••• C•••term loan lien unstated
T••• L•••
$4.8M$4.8M
101c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+625 bp
S•••••• P•••••• C••••• B••term loan lien unstated
T••• L••• (P••• SPV)
$3.6M$3.6M
101c
SOFR+625 bp
S•••••• P•••••• C••••• B••revolver lien unstated
R•••••••
$307,195$307,195
100c
SOFR+625 bp
S•••••• C•••••• I••••••••• C•••equity equity
C••••• S••••
Not disclosed$355,593
124c
View all 7 positionslargest principal first
BDCInstrumentPrincipalFair valueRate
S•••••• C•••••• I••••••••• C•••revolver lien unstated
R•••••••
Not disclosed$33,333
100c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+625 bp
S•••••• P•••••• C••••• B••equity equity
C••••• S••••
Not disclosed$678,019
124c
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
term loan lien unstatedat least $14.0M101cSOFR+625 bpNov 22, 20272
revolver lien unstatedat least $307,195100c//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+625 bpNov 22, 20272
first lien term loan first lien
exited Jan 10, 2023
from a deal announcement
size not statedn/aunstated0
Equity pieces beside the debt: equity ($1.0M fair value, 2 BDCs)
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20262$14.3M$14.3M101c0
Mar 31, 20262$9.2M$14.0M101c0
Dec 31, 20252$19.7M$19.7M101c0
Sep 30, 20252$14.1M$14.1M101c0
All 15 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20252$14.3M$14.3M101c0
Mar 31, 20252$14.5M$14.4M101c0
Dec 31, 20242$23.8M$23.7M101c0
Sep 30, 20242$14.5M$14.3M100c0
Jun 30, 20242$14.8M$14.7M100c0
Mar 31, 20242$14.5M$14.5M102c0
Dec 31, 20232$24.2M$24.2M102c0
Sep 30, 20232$9.4M$14.4M102c0
Jun 30, 20232$14.4M$14.3M101c0
Mar 31, 20232$14.5M$14.2M100c0
Dec 31, 20222$24.0M$23.5M100c0
What changed
Every change including routine ones
Identity
Group key
C•••••• P••••••• S•••••• S•••••••derivedthe codename stem after legal suffixes and deal words
Spellings
1 across 2 BDCsderived