Cards-Live Oak Holdings, Inc.
The CARDS/Live Oak platform is a Mid-South U.S. non-hazardous solid-waste collection and post-collection (disposal/recycling) services provider built by private-equity sponsor Kinderhook Industries from Louisiana-based Live Oak Environmental (acquired 2021) and Arkansas-based CARDS Recycling (acquired 2023). In January 2026 the two were merged to form Ecowaste Solutions, operating across nine states.
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
Cards-Live Oak Holdings, Inc. is held by 3 BDC lenders in our parsed SEC filings: AGTC, ARCC, MFIC.
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 |
|---|---|---|---|---|---|---|---|
| AGTC | 1L Sr Secured | SOFR | 475 | 100.0 | $3M | 2032-10 | 2026-08-07 |
| AGTC | 1L Sr Secured | SOFR | 475 | 100.0 | $39M | 2032-10 | 2026-08-07 |
| ARCC | 1L Sr Secured | SOFR | 475 | 100.0 | $3M | 2032-10 | 2026-07-29 |
| ARCC | 1L Sr Secured | SOFR | 475 | 100.0 | $66M | 2032-10 | 2026-07-29 |
| MFIC | 1L Sr Secured | SOFR | 475 | 98.7 | $3M | 2032-10-21 | 2026-08-06 |
| MFIC | 1L Sr Secured | SOFR | 475 | 97.8 | $347K | 2032-10-21 | 2026-08-06 |
| MFIC | 1L Sr Secured | SOFR | 475 | 98.0 | $803K | 2032-10-21 | 2026-08-06 |
| AGTC | 1L Sr Secured | SOFR | 375 | 100.0 | $928K | 2032-10 | 2026-08-07 |
| AGTC | 1L Sr Secured | SOFR | 375 | 100.0 | $688K | 2032-10 | 2026-08-07 |
| ARCC | 1L Sr Secured | SOFR | 375 | 100.0 | $1M | 2032-10 | 2026-07-29 |
| ARCC | 1L Sr Secured | SOFR | 375 | 100.0 | $900K | 2032-10 | 2026-07-29 |
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
Verified headlines that signal an acquisition, merger, buyout, sponsor change, refinancing, or restructuring involving Cards-Live Oak Holdings, Inc.. A mention is not confirmation of a completed deal — verify against the linked source. Source: Google News.
Headlines mentioning Cards-Live Oak Holdings, Inc.
Public headlines that name Cards-Live Oak Holdings, Inc., 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.
- Ecowaste Solutions Deepens Mount Vernon Roots with Compass Waste Acquisition
- Ecowaste Solutions Deepens Mount Vernon Roots with Compass Waste Acquisition
- Ecowaste Solutions Emphasizes Service Reliability to Compete With National Haulers
- Construction Waste Right-Sizing Emphasizes Cost Efficiency for Ecowaste Solutions
- Ecowaste Solutions Wins First Municipal Contract in Alabama by Securing Bayou La Batre
- Ecowaste Solutions Deepens Ozarks Roots with Bilyeu Disposal Acquisition
- Done deal: Adams acquired by Ecowaste Solutions
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.