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Borrower

C••••••••• L••• O••••••••• • E••••• I••••••••• • S••••••••• F•••••• • G••• S••••• M••••••• 5• L••• • C••

S••••••••• finance (CLO)group grade Aon a schedule nowsponsor unattributed

What matters now

  1. 78¢ → 67¢
    consensus mark

    Consensus mark 67¢ on cost, down from 78¢ in Q4 2025.

    Q1 2026 · The lenders' own valuations, the most direct read of what they expect to recover.

    Derived1 of 1 lender' own marks, weighted by principal
  2. $6.63M
    principal outstanding

    $6.63M principal held by 1 lender; matures Oct 2039.

    Q1 2026 · Refinancing is due in 157 months at a 67¢ mark.

    FactBDC schedules of investments, 31 Mar 2026; a sum of the BDCs' pieces, a lower bound
  3. 78¢ → 67¢
    -11 pts, one lender

    O••••• S••••• C•••••• C•••• marked it 78¢ → 67¢, the largest move among 1 lender this quarter.

    Q1 2026 · One holder repriced far more than the rest.

    FactO••••• S••••• C•••••• C•••• schedule of investmentsOpen the lender
Mark path, consensus per quarter end
Q4 2025: 78¢Q1 2026: 67¢78¢ · 67¢Q4 2025 to Q1 2026
Principal held
at least $6.6M
sum of BDC pieces, a lower bound
Fair value
$2.3M
67c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Oct 15, 2039
no dated debt inside 24 months
On the tape since
Dec 31, 2025
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
LenderExposureCurrent markQoQ change
O••••• S••••• C•••••• C••••$6.63M67¢-11 pts
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
O••••• S••••• C•••••• C••••notes unsecured or subordinated
subordinated notes
$6.6M$2.3M
67c
Capital structure as the BDCs see it
latest quarter end Mar 31, 2026
FacilityHeldOn costPricingMaturityBDCs
unsecured or subordinated notes unsecured or subordinated
exited Mar 31, 2026
at least $6.6M67cOct 15, 20391
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Mar 31, 20261$6.6M$2.3M67c0
Dec 31, 20251$6.6M$2.7M78c0
What changed
Every change including routine ones
Identity
Group key
COLLATERALIZED LOAN OBLIGATION EQUITY STRUCTURED FINANCE GULF STREAM MERIDIAN 5 LTD CLOderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 1 BDCderived
Industry
S••••••••• finance (CLO)reportedas one filer wrote it