Two Six Labs, LLC
Two Six Technologies is a national-security technology company that builds products and delivers research and development for U.S. government customers across the intelligence community and the Department of Defense. Its work spans cybersecurity, data science, microelectronics, mobile, and information operations. The company was formed in 2021 by combining Two Six Labs with IST Research, and it is headquartered in Arlington, Virginia.
Company profile compiled from public sources (company filings, rating-agency reports, and press releases) — distinct from the SEC Schedule-of-Investments pricing data below.
Lenders
Two Six Labs, LLC is held by 2 BDC lenders in our parsed SEC filings: ARCC, MSDL.
Cross-lender loan pricing
Each row is one debt tranche at the BDC’s most recent filing that holds this borrower, widest spread first. Mark is the position’s fair value as a percent of par (100 = par). Spread is shown in basis points over the benchmark in the Rate column, normalized from each filing’s as-reported units — rows quoting different benchmarks are still not directly comparable. Compare like-for-like: a second-lien tranche, a different vintage, or an older filing should price wider even when the credit view is identical — check the Type and Filing columns before reading a gap as disagreement. Source: SEC EDGAR (public).
| BDC | Type | Rate | Cash spread (bps) | Mark (% of par) | Fair Value | Maturity | Filing |
|---|---|---|---|---|---|---|---|
| ARCC | 1L Sr Secured | SOFR | 500 | 100.0 | $22M | 2030-08 | 2026-07-29 |
| MSDL | 1L Sr Secured | SOFR | 500 | 99.4 | $17M | 2030-08-20 | 2026-08-06 |
| MSDL | 1L Sr Secured | SOFR | 500 | — | -$25K | 2030-08-20 | 2026-08-06 |
Marks reflect each BDC’s own fair-value estimates as reported to the SEC, not traded prices. Private-credit loans are predominantly Level 3 under ASC 820 — valued from unobservable inputs and determined in good faith by each BDC’s board, so figures are estimates as of the filing date and are not directly comparable across managers. Informational only; not investment advice or a valuation.
Ownership & deal activity
Headlines mentioning Two Six Labs, LLC
Public headlines that name Two Six Labs, LLC, matched by company name and shown most-recent first. A mention is not an endorsement, a rating, or investment advice — verify anything material against the original source. Source: Google News.
- Top Contracts Execs to Watch in 2026: Two Six Technologies’ Mandy Walter-Beam
- Two Six Technologies Successfully Achieves CMMC Level 2 Certification
- Two Six Technologies Deploys SIGMA to Support FIFA World Cup 2026™ Security Operations
- Two Six Technologies Deploys SIGMA to Support FIFA World Cup 2026™ Security Operations
- Two Six Technologies Unveils Sentr, the Command Center for the Information Environment
- Two Six Technologies Unveils Sentr, the Command Center for the Information Environment
- Former Deputy ASALT Young Bang Appointed President of Two Six Technologies
Reading this table
When two business development companies lend to the same borrower, comparing how each marks the loan is a starting question, not a verdict. In plain English: a wider spread (e.g. S+575 vs S+525) or a lower mark (e.g. 96 vs 100 cents on the dollar) can mean that lender is pricing in more risk — but marks can also differ for reasons other than a credit view: a different tranche (second lien should price wider than first lien on the same company), a different vintage or entry point, an older filing date, or each manager’s own fair-value methodology. Compare like-for-like — check the Type and Filing columns before reading a gap as disagreement. Each row is one debt position at one BDC’s most recent filing. Source: SEC EDGAR Schedule of Investments (public).
Want to read these numbers like an analyst? Free Oxford Ledge lessons: reading a BDC’s Schedule of Investments, key credit metrics, and the Five Cs of credit analysis.