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Borrower

M•• E••••• G•••••• L••

Apparel Security 1st Lien, Secured Loangroup grade Aon a schedule nowsponsor unattributed
Also written as: 92121; CA; LLC 6740 Cobra Way San Diego

What matters now

  1. $18.1M
    principal outstanding

    $18.1M principal held by 2 lenders; matures Jul 2027.

    Q1 2026 · Refinancing is due in 10 months at a 90¢ mark.

    FactBDC schedules of investments, 31 Mar 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
Q1 2025: 90¢Q2 2025: 89¢Q3 2025: 90¢Q4 2025: 89¢Q1 2026: 90¢90¢ · 89¢ · 90¢ · 89¢ · 90¢Q1 2025 to Q1 2026
Where each lender marks it on the first lien term loan, 5 points apart
88¢Consensus: 90¢S••••• P•••• S•••••••• L•••••• F•••: 88¢G•••• E•• C•••••• C••••: 93¢93¢
Principal held
at least $18.1M
sum of BDC pieces, a lower bound
Fair value
$15.8M
90c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
2 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Jul 15, 2027
$18.1M inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2026
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2026, folded to one row per lender
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
S••••• P•••• S•••••••• L•••••• F•••term loan first lien
1st L•••/S•••••• L•••• I••••••••• 1st L••• T••• L••• I••••••• C••••••• A•••••• R••• S+7.26
$10.7M$9.3M
88c
SOFR+726 bp
G•••• E•• C•••••• C••••term loan first lien
I••••••• A•••••• S••••••• 1st L•••, S•••••• L••• I••••••• R••• 3M S••• + 7.00% (10.96%) I•
$7.5M$6.5M
93c
SOFR+700 bp
Capital structure as the BDCs see it
latest quarter end Mar 31, 2026
FacilityHeldOn costPricingMaturityBDCs
other lien unstated
exited Jun 30, 2023
at least $23.3M73cS+700 bpJul 15, 20271
first lien term loan first lien
exited Mar 31, 2026
at least $18.1M90cSOFR+726 bpJul 15, 20272
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Mar 31, 20262$18.1M$15.8M90c0
Dec 31, 20252$17.2M$14.8M89c0
Sep 30, 20252$17.3M$15.0M90c0
Jun 30, 20252$16.5M$14.2M89c0
All 16 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Mar 31, 20252$16.6M$14.4M90c0
Dec 31, 20242$16.7M$14.4M90c0
Sep 30, 20242$15.8M$12.7M84c0
Jun 30, 20242$16.0M$12.1M79c0
Mar 31, 20242$14.1M$10.3M75c0
Dec 31, 20232$17.0M$12.0M72c0
Sep 30, 20231$2.9M$2.0M72c0
Jun 30, 20231$23.3M$16.7M73c0
Mar 31, 20231$26.0M$19.4M76c0
Dec 31, 20222$37.8M$31.8M86c0
Sep 30, 20221$26.3M$24.2M94c0
Dec 31, 20211$26.8M$26.4M101c0
What changed
Full timeline · 7 events
Every change including routine ones
Identity
Group key
MAD ENGINEderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 3 BDCsderived
Industry
Apparel Security 1st Lien, Secured Loanreportedas one filer wrote it