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A private credit borrower
What matters now
- 1 of 1 lenderon non-accrual
Non-accrual at 1 of 1 lender 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, 30 Jun 2026For restructuring advisers, special situations funds, the lenders' LPsSee every lender → - 97¢ → 92¢consensus mark
Consensus mark 92¢ on cost, down from 97¢ a year ago, 94¢ 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
- $57.4Mprincipal outstanding
$57.4M principal held by 1 lender; matures Dec 2027.
Q2 2026 · Refinancing is due in 14 months at a 92¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Lender marks
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| GOLUB CAPITAL BDC, Inc. | $57.4M | 92¢ | -2 pts |
Every BDC piece · 4 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| GOLUB CAPITAL BDC, Inc. | term loan first lien One stop 1 | Non-Affiliated Issuer | $51.0M | $47.2M 93c | S+650 bp |
| GOLUB CAPITAL BDC, Inc. | term loan first lien One stop 4 | Non-Affiliated Issuer | $3.5M | $2.5M 76c | S+650 bp PIK 19.00% |
| GOLUB CAPITAL BDC, Inc. | term loan first lien One stop 3 | Non-Affiliated Issuer | $1.6M | $1.5M 94c | S+650 bp |
| GOLUB CAPITAL BDC, Inc. | term loan first lien One stop 2 | Non-Affiliated Issuer | $1.2M | $1.1M 92c | S+650 bp |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
Capital structure as the BDCs see it
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $57.4M | 92c | S+650 bp PIK 19.00% | Dec 1, 2027 | 1 |
Through time
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 1 | $57.4M | $52.3M | 92c | 1 |
| Mar 31, 2026 | 1 | $56.5M | $52.9M | 94c | 0 |
| Dec 31, 2025 | 1 | $56.2M | $54.4M | 97c | 0 |
| Sep 30, 2025 | 1 | $112M | $108M | 97c | 2 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $55.9M | $53.9M | 97c | 1 |
| Mar 31, 2025 | 1 | $55.9M | $52.8M | 95c | 1 |
| Dec 31, 2024 | 1 | $56.1M | $51.5M | 92c | 1 |
| Sep 30, 2024 | 1 | $55.5M | $49.4M | 89c | 0 |
| Jun 30, 2024 | 1 | $54.4M | $52.7M | 97c | 0 |
| Mar 31, 2024 | 2 | $54.5M | $54.5M | 100c | 0 |
| Dec 31, 2023 | 2 | $54.7M | $54.7M | 101c | 0 |
| Sep 30, 2023 | 2 | $52.8M | $52.8M | 101c | 0 |
| Jun 30, 2023 | 2 | $52.9M | $52.9M | 101c | 0 |
| Mar 31, 2023 | 2 | $53.0M | $52.5M | 100c | 0 |
| Dec 31, 2022 | 1 | $38.0M | $37.6M | 100c | 0 |
| Sep 30, 2022 | 2 | $53.2M | $53.2M | 101c | 0 |
| Sep 30, 2021 | 1 | $33.9M | $33.9M | 101c | 0 |
What changed
Owner and people
No person is named yet: no leadership page, deal announcement or filing DFX has read names this company’s chief executive, finance chief or treasurer, so no one is suggested.
Position history
- Maturity extended2026-12-01 to 2027-12-012026-06-30
- PIK added19.00%2026-06-30
- Principal decreased$112M to $56.2M2025-12-31
+10 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.