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Borrower

C••••••••• A••••••• o• A••••••• L••

Consulting Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: 09; 2026; 25; 27; LLC - Unfunded; LLC Acquisition 1; LLC Acquisition 10
Principal held
at least $45.4M
sum of BDC pieces, a lower bound
Fair value
$42.6M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
6
5 on the latest quarter
Facilities
5
0 equity pieces beside them
Next maturity
May 13, 2032
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
5
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 $42.9M100cSOFR+475 bpMay 13, 20325
first lien revolver first lienat least $2.5Mn/aSOFR+38 bpMay 13, 20323
other lien unstated
exited Sep 30, 2025
at least $17.8M100cS+475 bpMay 13, 20323
delayed draw term loan lien unstated
exited Dec 31, 2024
at least $6.2M101cS+550 bpSep 24, 20262
first lien delayed draw term loan first lien
exited Dec 31, 2024
at least $324,000100cS+550 bpSep 24, 20262
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
N••••• C•••••••• D••••• L•••••• C••••term loan first lien
First Lien Debt
$99,000$98,000
99c
S+475 bp
N••••• C•••••••• P•••••• C•••••• I••••• F•••term loan first lien
First Lien Debt
$17.5M$17.4M
100c
S+475 bp
P••••••••• F••••••• R••• C•••••• L•••term loan first lien
First Lien Secured Debt Acquisition 1/27/2026 Maturity 5/13/2032 Industry Professional Ser
$6.5M$6.5M
100c
//www.pennantpark.com/20260630#Secured Overnight Financing Rate+475 bp
P••••••••• F••••••• R••• C•••••• L•••term loan first lien
First Lien Secured Debt Acquisition 5/13/2025 Maturity 5/13/2032 Industry Consulting Servi
$6.3M$6.2M
100c
SOFR+475 bp
P••••••••• F••••••• R••• C•••••• L•••revolver first lien
First Lien Secured Debt Revolver Acquisition 5/13/2025 Maturity 5/13/2032 Industry Consult
$1.7M$-9,0000.00%
P••••••••• I••••••••• C•••revolver first lien
First Lien Secured Debt Revolver Acquisition 5/13/2025 Maturity 5/13/2032 Industry Consult
$797,000$-4,0000.00%
P••••••••• I••••••••• C•••term loan first lien
First Lien Secured Debt Acquisition 10/09/25 Maturity 05/13/32 Industry Professional Servi
$5.9M$5.9M
100c
SOFR+475 bp
P••••••••• I••••••••• C•••term loan first lien
First Lien Secured Debt Acquisition 05/13/2025 Maturity 05/13/2032 Industry Consulting Ser
$30,000$30,000
100c
SOFR+475 bp
S•••••••• P•••••• C••••• F••• L••term loan first lien
Term Loan | NCNA Debt Inv. | First Lien Senior Secured Loan | Cash Interest R•••/ PIK R•••
$3.3M$3.3M
100c
SOFR+475 bp
S•••••••• P•••••• C••••• F••• L••term loan first lien
Term Loan | NCNA Debt Inv. | First Lien Senior Secured Loan | Cash Interest R•••/ PIK R•••
$3.3M$3.3M
100c
SOFR+475 bp
S•••••••• P•••••• C••••• F••• L••revolver first lien
Revolving Loan | NCNA Debt Inv. | First Lien Senior Secured Loan | Cash Interest R•••/ PIK
$0$-3,000
100c
SOFR+38 bp
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20265$45.4M$42.6M100c0
Mar 31, 20265$45.5M$42.6M100c0
Dec 31, 20255$52.1M$49.4M100c0
Sep 30, 20254$54.4M$49.1M100c0
Jun 30, 20254$39.1M$36.4M100c0
Mar 31, 20252$7.6M$7.6M100c0
Dec 31, 20242$15.2M$15.2M100c0
Sep 30, 20241$6.2M$6.2M101c0
Jul 31, 20241$1.4M$1.4M100c0
Jun 30, 20241$6.2M$6.2M101c0
Mar 31, 20241$6.3M$6.3M101c0
Dec 31, 20231$3.1M$3.1M101c0
Sep 30, 20231$2.8M$2.8M101c0
Jun 30, 20231$2.8M$2.8M101c0
Mar 31, 20231$2.8M$2.8M101c0
Dec 31, 20221$2.8M$2.8M101c0
What changed
Every change including routine ones
Identity
Group key
CORNERSTONE ADVISORS OF ARIZONAderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 6 BDCsderived
Industry
Consulting Servicesreportedas one filer wrote it