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Private-Credit Borrower

Expereo USA, Inc. and Ristretto Bidco B.V.

Global managed internet-access, SD-WAN and cloud-connectivity provider (Network-as-a-Service), delivering managed enterprise and government connectivity across 190+ countries and 20,000+ sites. 'SD-WAN' is software-defined wide-area networking that routes traffic over multiple internet links for reliability and performance.

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
5
Debt Positions

Lenders

Expereo USA, Inc. and Ristretto Bidco B.V. 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
AGTC1L Sr SecuredPIK65096.0$59M2030-122026-08-07
ARCC1L Sr SecuredPIK65095.5$4M2030-122026-07-29
ARCC1L Sr SecuredPIK65095.9$56M2030-122026-07-29
AGTC1L Sr SecuredSOFR60096.0$3M2030-122026-08-07
ARCC1L Sr SecuredSOFR60097.1$3M2030-122026-07-29

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 Expereo USA, Inc. and Ristretto Bidco B.V. 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 Expereo USA, Inc. and Ristretto Bidco B.V.

We haven’t indexed any headlines that name Expereo USA, Inc. and Ristretto Bidco B.V.. 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.