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Private-Credit Borrower

Cornerstone OnDemand, Inc. and Sunshine Software Holdings, Inc.

Cornerstone OnDemand is a cloud (software-as-a-service) human-capital-management company. Its platform handles corporate learning management (online training/courses for employees) and talent management (recruiting, performance reviews, and skills development), serving thousands of enterprise customers. Formerly publicly traded, it was taken private by Clearlake Capital in 2021; 'Sunshine Software' refers to the acquisition/merger entities used in that take-private.

Company profile compiled from public sources (company filings, rating-agency reports, and press releases) — distinct from the SEC Schedule-of-Investments pricing data below.

2
BDC Lenders
6
Debt Positions

Lenders

Cornerstone OnDemand, Inc. and Sunshine Software Holdings, Inc. is held by 2 BDC lenders in our parsed SEC filings: AGTC, ARCC.

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).

BDCTypeRateCash spread (bps)Mark (% of par)Fair ValueMaturityFiling
AGTC2L / MezzSOFR65064.0$50M2029-102026-08-07
ARCC2L / MezzSOFR65064.0$88M2029-102026-07-29
AGTC1L Sr SecuredSOFR37563.2$68M2028-102026-08-07
ARCC1L Sr SecuredSOFR37562.8$10M2028-102026-07-29
ARCC1L Sr SecuredSOFR30063.3$6M2026-102026-07-29
ARCCEquityPIK——$113M2026-07-29

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

No acquisition, ownership-change, or refinancing headlines for Cornerstone OnDemand, Inc. and Sunshine Software Holdings, Inc. are in our verified news index yet. Most BDC borrowers are private companies, so ownership events are not always public; absence reflects our indexing coverage, not the borrower’s deal activity.

Headlines mentioning Cornerstone OnDemand, Inc. and Sunshine Software Holdings, Inc.

We haven’t indexed any headlines that name Cornerstone OnDemand, Inc. and Sunshine Software Holdings, Inc.. That reflects our news-indexing coverage — not the borrower’s activity — so the absence is not a signal.

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.