Borrower record · Q2 2026
Watermill Express
As filed by 3 BDCs · period end 30 June 2026NAICS 31-33 · Manufacturing1 name variant under review
Three lenders report $45.8m of Watermill Express at Q2 2026, marked at 100.5 cents. First-Lien Senior Secured on all 11 positions whose seniority a filer disclosed.
- Filed fair value
- $45.8m
- 17 funded positions
- Reporting lenders
- 3
- across 19 filed positions
- Aggregate mark
- 100.5c
- covers 79% of positions with a filed cost
- Median spread
- 450bp
- over SOFR, 17 tranches
- Maturities to
- 2031
- earliest April 2031
- Periods on record
- 5
- Q2 2025 → Q2 2026
How this total is counted
- Every figure above is the sum of 17 funded positions filed by 3 BDCs, each one cited below.
- Counted from the Q2 2026 filings imported for this build, the latest of them filed 20 August 2026. A schedule filed after that date is not in these figures and will appear when the property is rebuilt.
- 2 filed positions carry no positive fair value — unfunded or written off — and are outside every figure above.
- 1 filed name variant is under review against this borrower. Until it is resolved, anything filed under that name is counted nowhere on this page.
Pricing as filed
17 floating tranches · SOFR450bp on all 17 floating tranches — every filer reports the same spread.
Capital structure
First-Lien Senior Secured, on all 11 positions whose seniority a filer disclosed.
6 of 17 funded positions carry no filed seniority. Whether to classify is the filer's choice, so the unclassified value is not split here.
Rate structure
Floating, on all 17 positions whose interest type a filer disclosed.
Maturity profile
all 17 funded positions dated4.8 years to maturity, weighted by fair value across the 17 dated positions.
Filed over time
5 periods · aggregate onlyFiled fair value
Aggregate marknot to zero
Q2 2025, Q3 2025, Q4 2025, Q1 2026, Q2 2026 — every filer reporting the borrower at each period, aggregated. No lender is separated out at any period.
Credit flags
No lender reports this borrower on non-accrual, and no filed tranche pays in kind.
Not in the filings
- No filed seniority on 6 of 17 funded positions.
- No filed cost on 21% of positions, which the aggregate mark therefore excludes.
- No mark dispersion. Fewer than four filers disclosed a cost, so the distance between the highest and lowest mark would place each of them.
- No index floor filed on any tranche.
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Who holds it, and where they mark it.
3 lenders hold the same credit and mark it differently. Behind the gate, one row each — for this borrower and for every other one on this site, free and with no limit on how many you read.
- The spread between the highest and lowest lender mark
- Quarter-on-quarter movement across 5 periods
- Peer comparison against borrowers with the same lenders
- The 10-Q or 10-K behind every row, by accession number
Every filing behind this page
3 filers · Q2 2026| Filer | CIK | Form | Period | Filed | Accession |
|---|---|---|---|---|---|
| Golub Capital BDC, Inc. (GBDC) | 0001476765 | 10-Q | 2026-06-30 | 2026-08-03 | 0001476765-26-000048 |
| Nuveen Churchill Direct Lending Corp. (NCDL) | 0001737924 | 10-Q | 2026-06-30 | 2026-08-06 | 0001737924-26-000084 |
| Nuveen Churchill Private Capital Income Fund | 0001911066 | 10-Q | 2026-06-30 | 2026-08-12 | 0001628280-26-055912 |
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