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Borrower

S••• a•• P••••••• L•••• H••••••• L••

Business Servicesgroup grade Aoff every schedule since Dec 31, 2022sponsor unattributed

Nothing material in the last 200 days. Last change: 31 Dec 2022, $16M principal held by 1 lender; matures Sep 2028.

Principal held
at least $16.0M
sum of BDC pieces, a lower bound
Fair value
$15.5M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Sep 15, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Dec 31, 2022
Events
3
dated, non-routine
Lender marks
each lender's own fair value over cost at Dec 31, 2022, folded to one row per lender
LenderExposureCurrent markQoQ change
A• P•••••• C••••• I•••••••• C•••$16M100¢new this quarter
Every BDC piece · 3 positions across 1 lenderlargest principal first, with instrument and rate
BDCInstrumentPrincipalFair valueRate
A• P•••••• C••••• I•••••••• C•••term loan first lien
U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | T••• L••• | 10.73% (S + 6.00%; 1.00%
$14.9M$14.5M
100c
S+600 bp
A• P•••••• C••••• I•••••••• C•••delayed draw term loan first lien
U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | D•••••• D••• T••• L••• | 10.73% (S +
$710,250$665,859
103c
S+600 bp
A• P•••••• C••••• I•••••••• C•••revolver first lien
U.S. C•••••••• D••• | 1st L•••/S••••• S•••••• D••• | R••••••• | 10.73% (S + 6.00%; 1.00% F
$337,369$303,188
100c
S+600 bp
Capital structure as the BDCs see it
latest quarter end Dec 31, 2022
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lien
exited Dec 31, 2022
at least $14.9M100cS+600 bpSep 15, 20281
first lien delayed draw term loan first lien
exited Dec 31, 2022
at least $710,250103cS+600 bpSep 15, 20281
first lien revolver first lien
exited Dec 31, 2022
at least $337,369100cS+600 bpSep 15, 20281
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Dec 31, 20221$16.0M$15.5M100c0
What changed
Every change including routine ones
Identity
Group key
SAKO AST PARTNERS LOWERderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 1 BDCderived
Industry
Business Servicesreportedas one filer wrote it