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Borrower

T•• R•• L••

group grade Aon a schedule nowsponsor unattributed

What matters now

  1. 100¢ → 96¢
    consensus mark

    Consensus mark 96¢ on cost, down from 100¢ a year ago, 99¢ 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
Q4 2024: 100¢Q3 2025: 100¢Q4 2025: 99¢Q1 2026: 99¢Q2 2026: 96¢100¢ · 100¢ · 99¢ · 99¢ · 96¢Q4 2024 to Q2 2026
Principal held
at least $10.3M
sum of BDC pieces, a lower bound
Fair value
$9.8M
96c on cost, debt pieces
Unfunded
$195,000
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2023
latest Jun 30, 2026
Events
3
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
C•••••••• L•••••• S••••••••• L••term loan first lien
F••••••••• loan
$9.4M$8.9M
96c
S+525 bp
C•••••••• L•••••• S••••••••• L••revolver first lien
F••••••••• revolving loan
$917,000$871,000
97c
S+525 bp
C•••••••• L•••••• S••••••••• L••revolver first lien
R•••••••
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 $9.4M96cS+525 bpunstated2
first lien revolver first lienat least $917,00097cS+525 bpunstated1
revolver lien unstated
exited Sep 30, 2025
unknownn/aunstated1
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20261$10.3M$9.8M96c0
Mar 31, 20261$10.3M$10.0M99c0
Dec 31, 20251$10.0M$9.7M99c0
Sep 30, 20251$9.7M$9.5M100c0
All 8 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Dec 31, 20241$19.1M$18.7M100c0
Sep 30, 20241$8.1M$8.0M100c0
Jun 30, 20241$8.1M$8.0M99c0
Dec 31, 20231$8.0M$7.9M100c0
What changed
Full timeline · 6 events
Every change including routine ones
Identity
Group key
T•• R•derivedthe codename stem after legal suffixes and deal words
Spellings
1 across 2 BDCsderived