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Borrower

L••••••• C•••

Insurance & Insurance Services Rate S+5.75%, 0.50% Floorgroup grade Aon a schedule nowsponsor not established · possible relationship

What matters now

  1. 99¢ → 96¢
    consensus mark

    Consensus mark 96¢ on cost, down from 99¢ a year ago, 93¢ last quarter.

    Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.

    Derived5 of 5 lenders' own marks, weighted by principal
Mark path, consensus per quarter end
Q2 2025: 99¢Q3 2025: 99¢Q4 2025: 98¢Q1 2026: 93¢Q2 2026: 96¢99¢ · 99¢ · 98¢ · 93¢ · 96¢Q2 2025 to Q2 2026
Where each lender marks it, 7 points apart
93¢Consensus: 96¢S••••• P•••• S•••••••• L•••••• F•••: 93¢K•• F• I••••• T••••: 100¢K•• F• I••••• T•••• S•••••: 100¢C•••••••• L•••••• S••••••••• L••: 94¢F• K•• C•••••• C•••: 100¢100¢
Principal held
at least $42.2M
sum of BDC pieces, a lower bound
Fair value
$40.1M
96c on cost, debt pieces
Unfunded
$12.3M
commitments not yet drawn
BDC lenders
5
5 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
May 1, 2029
no dated debt inside 24 months
On the tape since
Sep 30, 2024
latest Jun 30, 2026
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
Every BDC piece · 11 positions across 5 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
S••••• P•••• S•••••••• L•••••• F•••term loan first lien
1st L•••/S•••••• L•••• I••••••••• 1st L••• T••• L••• I••••••• I•••••••• & I•••••••• Servic
$18.6M$16.9M
93c
SOFR+575 bp
K•• F• I••••• T••••unstated lien unstated$6.0M$6.0M
100c
S+500 bp
C•••••••• L•••••• S••••••••• L••term loan first lien
F••••••••• loan
$5.0M$4.6M
94c
S+575 bp
K•• F• I••••• T•••• S•••••unstated lien unstated$3.8M$3.8M
100c
S+500 bp
K•• F• I••••• T••••unstated lien unstated$3.0M$3.0M
100c
S+500 bp
View all 11 positionslargest principal first
BDCInstrumentPrincipalFair valueRate
F• K•• C•••••• C•••unstated lien unstated$2.5M$2.5M
100c
S+500 bp
K•• F• I••••• T•••• S•••••unstated lien unstated$1.9M$1.9M
100c
S+500 bp
F• K•• C•••••• C•••unstated lien unstated$1.3M$1.3M
100c
S+500 bp
F• K•• C•••••• C•••unstated lien unstatedNot disclosedNot disclosed
K•• F• I••••• T••••unstated lien unstatedNot disclosedNot disclosed
K•• F• I••••• T•••• S•••••unstated lien unstatedNot disclosedNot disclosed
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $23.7M93cSOFR+575 bpAug 27, 20292
other lien unstatedat least $18.5M100cS+500 bpMay 1, 20293
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20265$42.2M$40.1M96c0
Mar 31, 20262$24.0M$21.9M93c0
Dec 31, 20252$43.4M$41.7M98c0
Sep 30, 20252$23.7M$23.1M99c0
All 8 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20251$12.8M$12.3M99c0
Mar 31, 20251$12.9M$12.6M101c0
Dec 31, 20242$23.7M$23.1M100c0
Sep 30, 20241$12.3M$11.0M100c0
What changed
Every change including routine ones
Identity
Group key
LIKEWIZEderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 5 BDCsderived
Industry
Insurance & Insurance Services Rate S+5.75%, 0.50% Floorreportedas one filer wrote it