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Borrower

P••••••••• P••••••••• L••

Application Softwaregroup grade Aon a schedule nowsponsor W••• C•••••• P••••••• carried
Also written as: Equity Securities; GSV P••••••••• Holdings; Practice Tek P••••••••, LLC; P•••••••••; P••••••••• MidCo, LLC
Principal held
at least $96.0M
sum of BDC pieces, a lower bound
Fair value
$119M
100c on cost, debt pieces
Unfunded
$500,000
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
4
2 equity pieces beside them
Next maturity
Aug 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
12
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
unsecured or subordinated term loan unsecured or subordinatedat least $57.5M100c
PIK 14.00%
Aug 1, 20301
first lien term loan first lienat least $37.9M100cSOFR+575 bpAug 30, 20293
first lien revolver first lienat least $500,000100cS+450 bpAug 1, 20292
first lien delayed draw term loan first lienat least $28,000n/aSOFR+575 bpAug 30, 20292
Equity pieces beside the debt: other (Not disclosed fair value, 1 BDC), equity ($23.4M fair value, 2 BDCs)
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
A••• C•••••• C•••revolver first lien
F•••• lien senior secured revolving loan
$500,000$500,000
100c
S+450 bp
A••• C•••••• C•••term loan first lien
F•••• lien senior secured loan
$36.0M$36.0M
100c
S+575 bp
A••• C•••••• C•••term loan unsecured or subordinated
S••••• subordinated loan
$57.5M$57.5M
100c
PIK 14.00%
A••• C•••••• C•••unstated lien unstatedNot disclosedNot disclosed
A••• C•••••• C•••equity equity
C•••• A units
Not disclosed$22.8M
78c
PIK 8.00%
A•••• C••••• B•• I•••equity equity
Investment T••• C•••• A U•••• A••••••••• D••• 11/22/2021
Not disclosed$644,509
99c
S•••••••• P•••••• C••••• F••• L••term loan first lien
T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | C••• I••••••• R•••/ PIK R•••
$1.9M$1.9M
99c
SOFR+575 bp
S•••••••• P•••••• C••••• F••• L••delayed draw term loan first lien
D•••••• D••• T••• L••• | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | C••• I••••••• R
$28,000$28,000
100c
SOFR+575 bp
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20263$96.0M$95.9M100c1
Mar 31, 20263$94.2M$94.1M100c1
Dec 31, 20253$94.3M$94.3M100c1
Sep 30, 20252$90.6M$90.5M100c1
Jun 30, 20253$88.9M$88.8M100c1
Mar 31, 20252$85.3M$85.3M100c1
Dec 31, 20243$89.8M$89.6M100c1
Sep 30, 20243$84.3M$84.3M100c1
Jun 30, 20243$82.8M$82.8M100c1
Mar 31, 20243$80.8M$80.7M100c1
Dec 31, 20233$83.4M$81.2M97c1
Sep 30, 20233$78.2M$76.0M97c1
Jun 30, 20231$3.9M$3.8M99c0
Dec 31, 20221$2.4M$2.3M99c0
Dec 31, 20211$0$0n/a0
What changed
Every change including routine ones
Identity
Group key
PRACTICETEKderivedthe codename stem after legal suffixes and deal words
Spellings
3 across 3 BDCsderived
Industry
Application Softwarereportedas one filer wrote it