DFX Intelligence
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Borrower
B•• B••••• I••
Commercial services & suppliesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Add-On; Inc. BL Products Parent, L.P; Inc.Senior
Principal held
at least $111M
sum of BDC pieces, a lower bound
Fair value
$111M
101c on cost, debt pieces
Unfunded
$711,000
commitments not yet drawn
BDC lenders
7
5 on the latest quarter
Facilities
6
1 equity pieces beside them
Next maturity
Dec 21, 2029
no dated debt inside 24 months
On the tape since
Sep 30, 2022
latest Jun 30, 2026
Events
10
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $92.4M | 101c | SOFR+625 bp | Dec 22, 2029 | 4 |
| first lien revolver first lien | at least $10.7M | 101c | SOFR+625 bp | Dec 22, 2029 | 4 |
| first lien delayed draw term loan first lien | at least $3.7M | 101c | SOFR+625 bp | Dec 22, 2029 | 3 |
| term loan lien unstated | at least $3.3M | n/a | SOFR+625 bp | Dec 24, 2029 | 4 |
| revolver lien unstated | at least $290,323 | n/a | SOFR+625 bp | Dec 24, 2029 | 4 |
| delayed draw term loan lien unstated | at least $285,242 | n/a | SOFR+625 bp | Dec 24, 2029 | 2 |
Equity pieces beside the debt: equity ($1.4M fair value, 3 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| K•••• A••••••• B••• I••• | delayed draw term loan first lien F•••• lien senior secured delayed draw loan - I••••••• R••• 9.89% - S••••• 6.25% - R•••••• | $3.1M | $3.1M 101c | SOFR+625 bp |
| K•••• A••••••• B••• I••• | term loan first lien F•••• lien senior secured loan - I••••••• R••• 9.88% - S••••• 6.25% - R•••••••• S•••(S) - | $504,000 | $504,000 101c | SOFR+625 bp |
| K•••• A••••••• B••• I••• | term loan first lien F•••• lien senior secured loan - I••••••• R••• 9.89% - S••••• 6.25% - R•••••••• S•••(M) - | $560,000 | $560,000 101c | SOFR+625 bp |
| K•••• A••••••• B••• I••• | term loan first lien F•••• lien senior secured loan - I••••••• R••• 9.89% - S••••• 6.25% - R•••••••• S•••(M) - | $1.2M | $1.2M 101c | SOFR+625 bp |
| K•••• A••••••• B••• I••• | term loan first lien F•••• lien senior secured loan - I••••••• R••• 9.89% - S••••• 6.25% - R•••••••• S•••(M) - | $25.6M | $25.6M 101c | SOFR+625 bp |
| K•••• A••••••• B••• I••• | equity equity C•••• A common - A••••••••• D••• 2/1/2022 | n/a | $813,000 125c | |
| K•••• A••••••• B••• I••• | revolver first lien F•••• lien senior secured revolving loan - I••••••• R••• 9.89% - S••••• 6.25% - R•••••••• | $3.3M | $3.3M 101c | SOFR+625 bp |
| K•••• D• 2•••• I••• | term loan first lien F•••• lien senior secured loan - I••••••• R••• 9.89% - S••••• 6.25% - R•••••••• S•••(M) - | $227,000 | $227,000 101c | SOFR+625 bp |
| K•••• D• 2•••• I••• | revolver first lien F•••• lien senior secured revolving loan - I••••••• R••• 9.89% - S••••• 6.25% - R•••••••• | $616,000 | $616,000 101c | SOFR+625 bp |
| K•••• D• 2•••• I••• | term loan first lien F•••• lien senior secured loan - I••••••• R••• 9.89% - S••••• 6.25% - R•••••••• S•••(M) - | $4.8M | $4.8M 101c | SOFR+625 bp |
| K•••• D• 2•••• I••• | term loan first lien F•••• lien senior secured loan - I••••••• R••• 9.89% - S••••• 6.25% - R•••••••• S•••(M) - | $106,000 | $106,000 102c | SOFR+625 bp |
| K•••• D• 2•••• I••• | delayed draw term loan first lien F•••• lien senior secured delayed draw loan - I••••••• R••• 9.89% - S••••• 6.25% - R•••••• | $592,000 | $592,000 101c | SOFR+625 bp |
| K•••• D• 2•••• I••• | term loan first lien F•••• lien senior secured loan - I••••••• R••• 9.88% - S••••• 6.25% - R•••••••• S•••(S) - | $95,000 | $95,000 101c | SOFR+625 bp |
| M••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• (1 month CME T••• S••• + 6.250%) | S••••• L•••• 238.6% | $285,242 | $280,678 | SOFR+625 bp |
| M••••••• P•••••• C••••• F••• | revolver lien unstated R••••••• (1 and 6 month CME T••• S••• + 6.250%) | S••••• L•••• 238.6% | $290,323 | $285,677 | SOFR+625 bp |
| M••••••• P•••••• C••••• F••• | term loan lien unstated T••• L••• (1 month CME T••• S••• + 6.250%) | S••••• L•••• 238.6% | $2.4M | $2.3M | SOFR+625 bp |
| M••••••• P•••••• C••••• F••• | term loan lien unstated T••• L••• (1 month CME T••• S••• + 6.250%) | S••••• L•••• 238.6% | $903,266 | $888,814 | SOFR+625 bp |
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $1.5M | $1.5M 101c | S+625 bp |
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $5.9M | $5.9M 100c | S+625 bp |
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $1.9M | $1.9M 101c | S+625 bp |
| M••••• C•••••• I••••• P••• C••• | revolver first lien R•••••••) | S••••• S•••••• L•••• | $6.8M | $6.1M 100c | S+625 bp |
| M••••• C•••••• I••••• P••• C••• | revolver first lien R•••••••) | n/a | n/a | |
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $49.0M | $49.0M 101c | S+625 bp |
| M••••• C•••••• I••••• P••• C••• | term loan first lien S••••• S•••••• L•••• | $1.1M | $1.1M 101c | S+625 bp |
| S•••••• P•••••• C••••• B•• | equity equity C•••• A U•••• | n/a | $548,341 124c |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 5 | $111M | $110M | 105c | 0 |
| Mar 31, 2026 | 5 | $111M | $110M | 105c | 0 |
| Dec 31, 2025 | 5 | $145M | $143M | 104c | 0 |
| Sep 30, 2025 | 4 | $104M | $100M | 105c | 0 |
| Jun 30, 2025 | 3 | $68.1M | $64.8M | 108c | 0 |
| Mar 31, 2025 | 3 | $68.2M | $63.8M | 108c | 0 |
| Dec 31, 2024 | 4 | $170M | $160M | 108c | 0 |
| Sep 30, 2024 | 3 | $68.5M | $62.5M | 109c | 0 |
| Jun 30, 2024 | 3 | $68.7M | $62.6M | 109c | 0 |
| Mar 31, 2024 | 3 | $65.8M | $54.8M | 108c | 0 |
| Dec 31, 2023 | 4 | $145M | $105M | 106c | 0 |
| Sep 30, 2023 | 3 | $30.6M | $30.4M | 101c | 0 |
| Jun 30, 2023 | 3 | $30.8M | $30.3M | 100c | 0 |
| Mar 31, 2023 | 3 | $24.5M | $25.2M | 99c | 0 |
| Dec 31, 2022 | 3 | $32.0M | $31.2M | 99c | 0 |
| Sep 30, 2022 | 3 | $17.6M | $11.2M | 100c | 0 |
What changed
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Lender left a facilityMar 31, 2024
- New lender joined a facilityDec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Spread changed (observed)Dec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Lender left a facilityDec 31, 2023
- New lender joined a facilityDec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- New lender joined a facilityDec 31, 2023
- Spread changed (observed)Dec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Lender left a facilityDec 31, 2023
- Lender left a facilityDec 31, 2023
- New lender joined a facilityDec 31, 2023
- Lender left a facilitySep 30, 2023
- Lender left a facilitySep 30, 2023
- Lender left a facilitySep 30, 2023
- Lender left a facilitySep 30, 2023
- Lender left a facilitySep 30, 2023
- Lender left a facilitySep 30, 2023
- Spread changed (observed)Jun 30, 2023
- Spread increasedJun 30, 2023
- Spread changed (observed)Mar 31, 2023
- Spread changed (observed)Dec 31, 2022
- Spread increasedDec 31, 2022
- New borrower on a BDC scheduleSep 30, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- B•• B••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 7 BDCsderived
- Industry
- Commercial services & suppliesreportedas one filer wrote it