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Borrower

P••••••••

Services: Businessgroup grade Aon a schedule nowsponsor unattributed

What matters now

  1. 93¢ → 90¢
    consensus mark

    Consensus mark 90¢ on cost, down from 93¢ a year ago, 88¢ 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: 93¢Q3 2025: 90¢Q4 2025: 90¢Q1 2026: 88¢Q2 2026: 90¢93¢ · 90¢ · 90¢ · 88¢ · 90¢Q2 2025 to Q2 2026
Principal held
at least $50,000
sum of BDC pieces, a lower bound
Fair value
$57,000
n/a on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
3 equity pieces beside them
Next maturity
Nov 26, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
14
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 · 3 positions across 1 lenderlargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
B••• C•••••• S•••••••• F••••••• I•••preferred equity equity
P•••••••• Equity
$14.2MNot disclosed
B••• C•••••• S•••••••• F••••••• I•••term loan first lien
F•••• L••• S••••• S•••••• L••• S•••• S••••• 7.00% PIK I••••••• R••• 10.75% M••••••• D••• 1
$50,000$57,000
90c
//www.baincapital.com/20260630#Sterling Overnight Index Average+700 bp
PIK 7.00%
B••• C•••••• S•••••••• F••••••• I•••unstated lien unstated
A••••••••• D••• 11/26/2024
Not disclosedNot disclosed
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $50,000n/a//www.baincapital.com/20260630#Sterling Overnight Index Average+700 bp
PIK 7.00%
Nov 26, 20311
first lien delayed draw term loan first lien
exited Sep 30, 2024
at least $40,000n/aS+600 bpJul 17, 20281
Equity pieces beside the debt: preferred equity (Not disclosed fair value, 1 BDC), other (Not disclosed fair value, 1 BDC), equity (Not disclosed fair value, 1 BDC)
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20261$50,000$57,00090c1
Mar 31, 20261$52,000$58,00088c0
Dec 31, 20251$49,000$56,00090c0
Sep 30, 20251$49,000$56,00090c0
All 17 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20251$47,000$54,00093c0
Mar 31, 20251$45,000$56,000100c0
Dec 31, 20241$43,000$54,000100c0
Sep 30, 20241$166,000$28,00013c0
Jun 30, 20241$165,000$26,00012c2
Mar 31, 20241$165,000$193,00087c2
Dec 31, 20231$165,000$194,00087c2
Sep 30, 20231$164,000$188,00085c0
Jun 30, 20231$164,000$202,00092c0
Mar 31, 20231$39,000$46,00092c0
Dec 31, 20221$328,000$384,00088c0
Sep 30, 20221$164,000$183,00084c0
Dec 31, 20211$0$0n/a0
What changed
Full timeline · 26 events
Every change including routine ones
Identity
Group key
PARCEL2GOderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 1 BDCderived
Industry
Services: Businessreportedas one filer wrote it