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Borrower

A•••• M••••• S•• I••

Business Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: A•••• Buyer, LLC; A•••• Global, Inc; A•••• Parent Holdings, LLC

What matters now

  1. $265M
    principal outstanding

    $265M principal held by 4 lenders; matures Oct 2028.

    Q2 2026 · Refinancing is due in 24 months at a 100¢ mark.

    FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
Q3 2025: 101¢Q4 2025: 101¢Q1 2026: 100¢Q2 2026: 100¢101¢ · 101¢ · 100¢ · 100¢Q3 2025 to Q2 2026
Where each lender marks it, 3 points apart
97¢Consensus: 100¢H•• C•••••••• L•••••• F•••: 100¢F••••••• B•• C•••••• C•••: 100¢H•• C•••••••• C•••••• S•••••••• F•••: 100¢O••• D••••• L•••••• B•• F•••: 97¢100¢
Principal held
at least $265M
sum of BDC pieces, a lower bound
Fair value
$236M
100c on cost, debt pieces
Unfunded
$24.8M
commitments not yet drawn
BDC lenders
10
4 on the latest quarter
Facilities
4
1 equity pieces beside them
Next maturity
Oct 2, 2028
no dated debt inside 24 months
On the tape since
Sep 30, 2021
latest Jun 30, 2026
Events
3
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 · 12 positions across 4 lenderslargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
H•• C•••••••• L•••••• F•••unstated lien unstated
N••••••••• I•••••
$148M$145M
100c
S+650 bp
F••••••• B•• C•••••• C•••unstated lien unstated$46.4M$46.4M
100c
S+475 bp
H•• C•••••••• L•••••• F•••unstated lien unstated
N••••••••• I•••••
$18.2M$11.9M
100c
S+650 bp
H•• C•••••••• C•••••• S•••••••• F•••unstated lien unstated
N••••••••• I•••••
$17.4M$17.1M
100c
S+650 bp
H•• C•••••••• L•••••• F•••unstated lien unstated
N••••••••• I•••••
$16.2M-$296,000
89c
View all 12 positionslargest principal first
BDCInstrumentPrincipalFair valueRate
O••• D••••• L•••••• B•• F•••term loan first lien
F•••• L••• T••• L••• R•••••••• R••• and S••••• 3M S••• + 4.75% F•••• 0.75% I••••••• R••• 8
$14.7M$14.2M
97c
SOFR+475 bp
H•• C•••••••• C•••••• S•••••••• F•••unstated lien unstated
N••••••••• I•••••
$2.1M$1.4M
100c
S+650 bp
H•• C•••••••• C•••••• S•••••••• F•••unstated lien unstated
N••••••••• I•••••
$1.9M-$35,000
90c
H•• C•••••••• C•••••• S•••••••• F•••unstated lien unstatedNot disclosedNot disclosed
H•• C•••••••• C•••••• S•••••••• F•••unstated lien unstatedNot disclosedNot disclosed
H•• C•••••••• L•••••• F•••revolver first lien
1st L••• S••••• S•••••• R•••••••• L•••
Not disclosedNot disclosed
H•• C•••••••• L•••••• F•••delayed draw term loan first lien
1st L••• S••••• S•••••• D•••••• D••• L•••
Not disclosedNot disclosed
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
other lien unstatedat least $250M100cS+650 bpJan 14, 20303
first lien term loan first lienat least $14.7M97cSOFR+475 bpOct 2, 20281
first lien revolver first lienunknownn/aunstated1
first lien delayed draw term loan first lienunknownn/aunstated1
Equity pieces beside the debt: preferred equity ($1.4M fair value, 1 BDC)
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20264$265M$236M100c0
Mar 31, 20263$68.0M$65.2M100c0
Dec 31, 20253$251M$223M101c0
Sep 30, 20253$252M$221M101c0
All 23 quarters
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Aug 31, 20251$0$0n/a0
Jun 30, 20253$252M$218M100c0
May 31, 20251$0$0n/a0
Mar 31, 20253$253M$216M100c0
Feb 28, 20251$0$0n/a0
Dec 31, 20245$523M$440M99c0
Nov 30, 20241$0$0n/a0
Sep 30, 20245$271M$233M99c0
Jun 30, 20243$36.6M$36.5M99c0
Mar 31, 20244$36.7M$36.7M99c0
Feb 29, 20241$0$0n/a0
Dec 31, 20233$16.9M$16.9M100c0
Sep 30, 20235$39.0M$39.0M99c0
Jun 30, 20233$31.2M$31.2M100c0
Mar 31, 20233$31.2M$31.2M100c0
Dec 31, 20222$29.5M$29.3M99c0
Sep 30, 20222$10.7M$10.7M97c0
Dec 31, 20211$20.5M$20.5M101c0
Sep 30, 20211$8.4M$8.5M101c0
What changed
Full timeline · 16 events
Every change including routine ones
Identity
Group key
AXIOMderivedthe codename stem after legal suffixes and deal words
Spellings
4 across 10 BDCsderived
Industry
Business Servicesreportedas one filer wrote it