Isagenix International, LLC
Gilbert, Arizona-based wellbeing company that sells more than 175 nutrition products - weight-management shakes, performance and healthy-aging supplements - through a direct-selling/network-marketing model. In April 2023 Isagenix completed a recapitalization that removed roughly $130 million of senior secured debt and $40 million of unsecured debt and transitioned majority ownership to an investor group including Arbour Lane Capital Management, Cerberus Capital Management, Crescent Capital Group and Summit House Capital Management, with co-founders Jim and Kathy Coover retaining minority ownership.
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
Isagenix International, LLC is held by 6 BDC lenders in our parsed SEC filings: BBDC, CCAP, CION, CSWC, MAIN, SAR.
Cross-lender loan pricing
Lenders mark this name differently
MAIN carries this First Lien exposure at 14.5 while CION marks it at 45.5 — a 31.0-point gap on the same lien class, both marked for the quarter ended 2026-06-30. 1 other lender marks in between.
BDC marks are quarterly fair-value estimates. A gap this wide can reflect tranche mix within the same lien class, valuation timing, or genuine credit disagreement between the managers — it is a prompt to read both lenders’ filings, not a mispricing claim. Marks are fair value as a percent of par, FV-weighted where a lender holds multiple tranches.
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). Rows marked stale are from an earlier filing than the lender’s latest — the borrower is absent from its newest filing (exited, repaid, or reported under a different name).
| BDC | Type | Rate | Cash spread (bps) | Mark (% of par) | Fair Value | Maturity | Filing |
|---|---|---|---|---|---|---|---|
| MAIN | 1L Sr Secured | PIK | 850 | 14.5 | $458K | 2028-04-14 | 2026-08-07 |
| CION | 1L Sr Secured | SOFR | 750 | 45.5 | $5M | 2028-04-14 | 2026-08-06 |
| CCAP | 1L Sr Secured | FIXED | — | 31.6 | $1M | 2028-04-30 | 2026-08-10 |
| BBDC | 1L Sr Secured | SOFR | 750 | 12.4 | $118K | 2028-04 | 2025-08-07 stale |
| CSWC | 1L Sr Secured | PIK | 410 | 21.0 | $162K | 2028-04-14 | 2025-02-04 stale |
| SAR | Debt | SOFR | 250 | — | $236K | 2028-04-13 | 2025-01-08 stale |
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
Ownership and acquisition events compiled from public sources and audited against the linked source. Each event links to its source; “(reported)” marks a lower-confidence item. Verify anything material against the original source.
- sponsor changeIsagenix International recorded as acquired on 06-Mar-2024 per PitchBook (reported)PitchBook records Isagenix International as having been acquired on March 6, 2024, though the acquirer identity and deal terms are not publicly disclosed in accessible sources.
- recapitalizationIsagenix completes recapitalization and transitions majority ownership to lender groupIsagenix completed its out-of-court recapitalization, transitioning majority ownership to a group of investors including Arbour Lane, Cerberus, Crescent Capital, and Summit House, while co-founders Jim and Kathy Coover retained minority ownership via a $95 million contribution.
- restructuringIsagenix International reaches Restructuring Support Agreement with ad hoc lender groupIsagenix reached a Restructuring Support Agreement (RSA) with an ad hoc group of its secured investors to recapitalize the business, eliminating approximately $130 million in senior secured debt and approximately $40 million in unsecured debt.
- acquisitionIsagenix International acquires Zija InternationalIsagenix International acquired Zija International, a direct selling company based in Lehi, Utah, known for its high-quality plant-based product offerings, to expand its associate base and plant-based product portfolio.
- minority investmentCyprium Partners and Seacoast Capital invest in Isagenix International (reported)Cyprium Partners and Seacoast Capital made minority investments in Isagenix International, with the company having raised a total of approximately $41.6M across funding rounds.
Headlines mentioning Isagenix International, LLC
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.