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Borrower

P•••••• P•••• B••••••• L••

P•••• Generation Rate S+5.50%, 2.00% Floorgroup grade Aon a schedule nowsponsor not established · possible relationship

What matters now

  1. 101¢ → 106¢
    consensus mark

    Consensus mark 106¢ on cost, up from 101¢ a year ago, 106¢ last quarter.

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

    Derived1 of 1 lender' own marks, weighted by principal
Mark path, consensus per quarter end
Q2 2025: 101¢Q3 2025: 104¢Q4 2025: 107¢Q1 2026: 106¢Q2 2026: 106¢101¢ · 104¢ · 107¢ · 106¢ · 106¢Q2 2025 to Q2 2026
Principal held
at least $28.0M
sum of BDC pieces, a lower bound
Fair value
$28.4M
106c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
Aug 29, 2030
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 · 2 positions across 1 lenderlargest 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••••••• P•••• G••••••••• R••• S+5.50
$28.0M$28.4M
106c
SOFR+550 bp
S••••• P•••• S•••••••• L•••••• F•••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 $28.0M106cSOFR+550 bpAug 29, 20301
Equity pieces beside the debt: other (Not disclosed 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$28.0M$28.4M106c0
Mar 31, 20261$28.0M$28.4M106c0
Dec 31, 20251$28.0M$28.4M107c0
Sep 30, 20251$29.9M$29.5M104c0
All 8 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20251$16.2M$16.1M101c0
Mar 31, 20251$16.9M$16.7M101c0
Dec 31, 20241$17.2M$16.8M100c0
Sep 30, 20241$17.6M$17.1M100c0
What changed
Every change including routine ones
Identity
Group key
PELICAN POWERderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 1 BDCderived
Industry
P•••• Generation Rate S+5.50%, 2.00% Floorreportedas one filer wrote it