The names past the first three in each section on this page are hidden. Create a free account to reveal 5 records a month, or get Private Equity Intelligence at $199 a month for every name. Every figure, date and source on this page is public either way.

A private credit borrower in health care providers & services

Borrower · Health Care Providers & Services
group grade Aon a schedule nowsponsor not yet identified
See every lender's markSpecial situations PE firms

What matters now

  1. 3 of 6 lenders
    on non-accrual

    Non-accrual at 3 of 6 lenders on the latest schedules, first placed in Q1 2026.

    since Q1 2026 · Interest has stopped accruing; the lenders no longer expect to be paid in full.

    FactBDC schedules of investments, nullFor restructuring advisers, special situations funds, the lenders' LPsSee every lender →
  2. $4.59M
    principal outstanding

    $4.59M principal held by 2 lenders; matures Oct 2027.

    Refinancing is due in 12 months at a 100¢ mark.

    FactBDC schedules of investments, null; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
Q3 2025: 87¢Q4 2025: 87¢Q1 2026: 76¢Q2 2026: 85¢a withheld: 100¢87¢ · 87¢ · 76¢ · 85¢ · 100¢Q3 2025 to a withheld
Principal held
at least $47.3M
sum of BDC pieces, a lower bound
Fair value
$33.8M
83c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
7
6 on the latest quarter
Facilities
6
0 equity pieces beside them
Next maturity
Oct 12, 2027
$18.8M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
49
dated, non-routine

Lender marks

each lender's own fair value over cost at a withheld name, folded to one row per lender
How each lender’s mark moved, last 4 quarter ends
Consensus, weighted by principalMiddle half of lendersOne lender
80¢90¢100¢Q4 2025Q1 2026Q2 2026Barings BDC, Inc.: Q4 2025 86¢, Q1 2026 80¢, Q2 2026 79¢, null 100¢100¢

Consensus Q4 2025 87¢, Q1 2026 76¢, Q2 2026 85¢, null 100¢. Hover a line for one lender.

Lenders with a mark per quarter end: Q4 2025 6, Q1 2026 5, Q2 2026 5, null 1. 5 lenders that held it earlier and not at the latest quarter end are not drawn. A mark is each lender’s own fair value over cost from its schedule of investments, filed about 45 days after the quarter ends; marks outside 5¢ to 110¢ on cost are left out.

Every lender’s mark by quarter, as a table
LenderQ4 2025Q1 2026Q2 2026
Consensus87¢76¢85¢100¢
Barings BDC, Inc.86¢80¢79¢100¢
Franklin BSP Lending Corpno markno markno markno mark
LenderExposureCurrent markQoQ change
Barings BDC, Inc.$4.59M100¢+21 pts
Franklin BSP Lending Corpno principal filedno cost filednew this quarter
Every BDC piece · 4 positions across 2 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
Barings BDC, Inc.term loan first lien
First Lien Senior Secured Term Loan 1
$4.6M$4.6M
100c
S+450 bp
Barings BDC, Inc.term loan first lien
First Lien Senior Secured Term Loan 2
$0-$6,000
50c
S+450 bp
Barings BDC, Inc.delayed draw term loan lien unstated
Delayed Draw Term Loan
Not disclosedNot disclosed
Franklin BSP Lending Corpunstated lien unstatedNot disclosed$1.4M

Capital structure as the BDCs see it

latest quarter end a withheld name
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $31.9M80cSOFR+610 bp
PIK 1.50%
Jul 12, 20294
unsecured or subordinated subordinated debt unsecured or subordinatedat least $13.0M96cS+850 bp
PIK 12.29%
Jan 12, 20301
first lien revolver first lienat least $1.8M57cSOFR+500 bp
PIK 1.50%
Jul 12, 20292
first lien delayed draw term loan first lienat least $505,88283cSOFR+450 bp
PIK 1.50%
Jul 12, 20291
other lien unstatedat least $67,000n/a
PIK 14.50%
Oct 12, 20281
All 6 facilitiesheld first, largest first
FacilityHeldOn costPricingMaturityBDCs
delayed draw term loan lien unstated
exited Dec 31, 2024
at least $11.4M82cS+952 bp
PIK 14.10%
Apr 12, 20281

Through time

the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
a withheld name2$4.6M$4.5M100c0
Jun 30, 20266$47.3M$33.8M83c7
Mar 31, 20266$47.4M$35.5M76c9
Dec 31, 20256$49.4M$42.2M87c8
All 17 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Sep 30, 20256$52.8M$44.0M87c7
Jun 30, 20256$43.5M$36.3M85c8
Mar 31, 20256$42.9M$36.2M86c7
Dec 31, 20246$63.0M$54.9M88c15
Sep 30, 20246$72.9M$63.5M89c16
Jun 30, 20246$41.0M$36.0M90c7
Mar 31, 20246$40.6M$35.5M90c4
Dec 31, 20235$40.3M$34.9M89c2
Sep 30, 20236$44.1M$39.8M91c0
Jun 30, 20235$37.9M$34.9M92c0
Mar 31, 20235$38.0M$35.4M117c0
Dec 31, 20225$28.5M$24.7M93c0
Sep 30, 20222$36.9M$32.6M97c0

What changed

  • Maturity extended (observed)Jun 30, 2026
  • Spread changed (observed)Jun 30, 2026
  • Maturity extended (observed)Jun 30, 2026
  • Mark recoveredJun 30, 2026
  • Placed on non-accrualJun 30, 2026

+25 additional dated changes on this borrower

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Position history

125 field-level changes across filed schedules, latest first
  • Maturity extended2027-10-12 to 2029-07-12
    2026-06-30
  • Maturity extended2027-10-12 to 2029-07-12
    2026-06-30
  • Maturity extended2028-04-12 to 2030-01-12
    2026-06-30

+122 more position changes

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Each line is one position compared between two consecutive BDC schedules of investments: principal, fair value mark, spread, PIK and maturity, as filed with the SEC.