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Borrower

E••••• R••••••• C••••• E•• T•••• H•••••••• L••

Health Care Providers & Servicesgroup grade Aon a schedule nowsponsor unattributed

What matters now

  1. 1 of 1 lender
    on non-accrual

    Non-accrual at 1 of 1 lender on the latest schedules, first placed in Q3 2024.

    since Q3 2024 · Interest has stopped accruing; the lenders no longer expect to be paid in full.

    FactBDC schedules of investments, 30 Jun 2026For restructuring advisers, special situations funds, the lenders' LPsSee every lender
  2. 20¢ → 10¢
    consensus mark

    Consensus mark 10¢ on cost, down from 20¢ a year ago, 10¢ 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
  3. $13.6M
    principal outstanding

    $13.6M principal held by 1 lender; matures Mar 2030.

    Q2 2026 · Refinancing is due in 42 months at a 10¢ mark.

    FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
Q2 2025: 20¢Q3 2025: 20¢Q4 2025: 16¢Q1 2026: 10¢Q2 2026: 10¢20¢ · 20¢ · 16¢ · 10¢ · 10¢Q2 2025 to Q2 2026
Principal held
at least $13.6M
sum of BDC pieces, a lower bound
Fair value
$3.4M
10c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Mar 29, 2030
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
28
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
LenderExposureCurrent markQoQ change
A••••• D••• S•••••••• B••$13.6M10¢0 pts
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
A••••• D••• S•••••••• B••term loan first lien
Investment T••• F•••• L••• S•••••• D••• - T••• L••• I••••••• R••• 7.50% M••••••• D••• 03/2
$11.6M$1.5M
5c
7.50%
A••••• D••• S•••••••• B••revolver first lien
Investment T••• F•••• L••• S•••••• D••• - R••••••• I••••••• R••• 6.50%
$2.0M$1.9M
50c
6.50%
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $11.6M5c7.50%Mar 29, 20301
first lien revolver first lienat least $2.0M50c6.50%Mar 29, 20301
Equity pieces beside the debt: other ($11.7M fair value, 1 BDC)
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20261$13.6M$3.4M10c0
Mar 31, 20261$13.4M$3.6M10c0
Dec 31, 20251$13.0M$5.8M16c0
Sep 30, 20251$12.4M$7.2M20c0
All 15 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20251$12.0M$7.4M20c3
Mar 31, 20251$11.7M$11.7M29c2
Dec 31, 20241$38.6M$14.3M37c4
Sep 30, 20241$38.6M$22.7M59c4
Jun 30, 20241$37.7M$23.5M62c3
Mar 31, 20241$38.5M$30.3M80c2
Dec 31, 20231$41.7M$34.7M91c0
Sep 30, 20231$38.2M$35.6M98c0
Jun 30, 20231$38.3M$35.6M99c0
Mar 31, 20231$38.4M$35.9Mn/a0
Dec 31, 20221$43.4M$35.9M96c0
What changed
Full timeline · 30 events
Every change including routine ones
Identity
Group key
EATING RECOVERY CENTER ERCderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 1 BDCderived
Industry
Health Care Providers & Servicesreportedas one filer wrote it