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Borrower

C•••••• H•••••• I• L••

Alternative Carriersgroup grade Aon a schedule nowsponsor unattributed
Also written as: Alternative Carriers; C•••••• Finco S.À.R.L; C•••••• Finco SARL; C•••••• Holdings 2, LLC; C•••••• U.S. Finco LLC; Fixed Rate; Telecom
Principal held
at least $61.2M
sum of BDC pieces, a lower bound
Fair value
$58.1M
101c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
4
2 on the latest quarter
Facilities
6
0 equity pieces beside them
Next maturity
Apr 3, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2023
latest Jun 30, 2026
Events
11
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $52.9M101cS+425 bpApr 3, 20314
notes lien unstatedat least $8.3M103c10.50%Apr 3, 20312
first lien delayed draw term loan first lien
exited Mar 31, 2026
at least $27.2M101cSOFR+425 bpApr 3, 20311
first lien revolver first lien
exited Mar 31, 2025
at least $8.5M100cSOFR+425 bpApr 3, 20311
delayed draw term loan lien unstated
exited Dec 31, 2024
unknownn/aunstated1
revolver lien unstated
exited Dec 31, 2024
unknownn/aunstated1
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
O•••••• S•••••••• L•••••• C•••term loan first lien
First Lien Term Loan
$14.6M$13.8M
101c
S+425 bp
O•••••• S•••••••• L•••••• C•••notes lien unstated
Bond
$2.0M$2.0M
103c
10.50%
O•••••• S•••••••• C••••• F•••term loan first lien
First Lien Term Loan
$38.3M$36.0M
101c
S+425 bp
O•••••• S•••••••• C••••• F•••notes lien unstated
Fixed Rate Bond
$6.3M$6.3M
103c
10.50%
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20262$61.2M$58.1M101c0
Mar 31, 20263$88.1M$83.1M101c0
Dec 31, 20254$115M$102M94c0
Sep 30, 20254$131M$118M100c0
Jun 30, 20251$26.9M$23.1M99c0
Mar 31, 20251$40.7M$32.5M96c0
Dec 31, 20241$29.1M$24.0M105c0
Jun 30, 20242$11.1M$10.7M99c0
Mar 31, 20242$11.1M$10.9M101c0
Dec 31, 20232$24.2M$24.1M105c0
What changed
Every change including routine ones
Identity
Group key
CONNECTderivedthe codename stem after legal suffixes and deal words
Spellings
3 across 4 BDCsderived
Industry
Alternative Carriersreportedas one filer wrote it