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Borrower

W•• T••••••• H••••••• L••

Energy Equipment & Servicesgroup grade Aon a schedule nowsponsor unattributed

What matters now

  1. 73¢ → 78¢
    consensus mark

    Consensus mark 78¢ on cost, up from 73¢ a year ago, 67¢ last quarter.

    Q2 2026 · The lenders' own valuations moved back up.

    Derived1 of 1 lender' own marks, weighted by principal
  2. $44.8M
    principal outstanding

    $44.8M principal held by 1 lender; matures Apr 2028.

    Q2 2026 · Refinancing is due in 19 months at a 78¢ mark.

    FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
  3. 67¢ → 78¢
    +11 pts, one lender

    T•• D••••• L•••••• V•• L•• marked it 67¢ → 78¢, the largest move among 1 lender this quarter.

    Q2 2026 · One holder repriced far more than the rest.

    FactT•• D••••• L•••••• V•• L•• schedule of investmentsOpen the lender
Mark path, consensus per quarter end
Q2 2025: 73¢Q3 2025: 69¢Q4 2025: 74¢Q1 2026: 67¢Q2 2026: 78¢73¢ · 69¢ · 74¢ · 67¢ · 78¢Q2 2025 to Q2 2026
Principal held
at least $44.8M
sum of BDC pieces, a lower bound
Fair value
$36.2M
81c 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
Apr 30, 2028
$44.8M inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
43
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
T•• D••••• L•••••• V•• L••$44.8M78¢+11 pts
Every BDC piece · 7 positions across 1 lenderlargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
T•• D••••• L•••••• V•• L••term loan lien unstated
A••••••••• D••• 10/22/19, T••• L••• – 9.76% inc PIK (S••• + 6.00%, 0.00% F••••, all PIK),
$28.8M$22.4M
78c
SOFR+600 bp
T•• D••••• L•••••• V•• L••revolver lien unstated
A••••••••• D••• 10/22/19 R••••••• – 9.76% inc PIK (S••• + 6.00%, 0.00% F••••, all PIK) % o
$12.9M$10.0M
78c
SOFR+600 bp
T•• D••••• L•••••• V•• L••term loan lien unstated
A••••••••• D••• 08/13/24 , P••••••••• A•••••• T••• L••• – 12.25% inc PIK (P•••• + 5.50%, 0
$3.1M$3.8M
124c
Prime+550 bp
T•• D••••• L•••••• V•• L••equity equity
C•••• A U••••
Not disclosed$0
T•• D••••• L•••••• V•• L••revolver lien unstated
R••••••• - 9.76% inc PIK
Not disclosedNot disclosedS+600 bp
View all 7 positionslargest principal first
BDCInstrumentPrincipalFair valueRate
T•• D••••• L•••••• V•• L••term loan lien unstated
T••• L••• - 9.76% inc PIK
Not disclosedNot disclosed
T•• D••••• L•••••• V•• L••equity equity
C•••• A U••••
Not disclosedNot disclosed
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
term loan lien unstatedat least $31.9M82cPrime+600 bpApr 30, 20281
revolver lien unstatedat least $12.9M78cSOFR+600 bpApr 30, 20281
Equity pieces beside the debt: equity ($0 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$44.8M$36.2M81c0
Mar 31, 20261$44.8M$31.6M71c0
Dec 31, 20251$44.8M$34.2M76c0
Sep 30, 20251$45.7M$31.7M69c1
All 15 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20251$42.9M$31.1M73c1
Mar 31, 20251$40.6M$32.8M81c1
Dec 31, 20241$38.3M$68.6M179c0
Sep 30, 20241$35.8M$70.3M196c0
Jun 30, 20241$32.7M$32.3M99c2
Mar 31, 20241$31.9M$31.5M99c2
Dec 31, 20231$32.2M$94.4M294c2
Sep 30, 20231$32.6M$31.7M98c2
Jun 30, 20231$32.9M$31.7M97c2
Mar 31, 20231$33.1M$31.6M96c2
Dec 31, 20221$32.6M$30.8M95c2
What changed
Full timeline · 30 events
Every change including routine ones
Identity
Group key
WDE TORCSILLderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 1 BDCderived
Industry
Energy Equipment & Servicesreportedas one filer wrote it