Mavis Tire Express Services Topco Corp., Metis HoldCo, Inc., and Metis TopCo, LP
Mavis Tire Express Services is one of the largest independent tire retailers and automotive-service chains in North America, operating over 3,600 owned and franchised locations across a portfolio of brands including Mavis Discount Tire, Midas, Tire Kingdom, NTB (National Tire & Battery), Brakes Plus, Express Oil Change & Tire Engineers, and Tuffy. The company is jointly run and co-owned by brothers David and Stephen Sorbaro, whose founding family retains a significant equity stake through West First Management, alongside private-equity backers BayPine LP and TSG Consumer Partners (majority) and Golden Gate Capital (minority). It is headquartered in White Plains, New York. The debt-issuing holding entities carried in BDC schedules include Mavis Tire Express Services TopCo Corp. and Metis HoldCo, Inc. In July 2026, Mavis agreed to acquire Pep Boys from Icahn Enterprises in a deal valued at approximately $700 million (per The Wall Street Journal).
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
Mavis Tire Express Services Topco Corp., Metis HoldCo, Inc., and Metis TopCo, LP 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).
| BDC | Type | Rate | Cash spread (bps) | Mark (% of par) | Fair Value | Maturity | Filing |
|---|---|---|---|---|---|---|---|
| AGTC | 1L Sr Secured | SOFR | 325 | 99.8 | $30M | 2033-05 | 2026-08-07 |
| AGTC | 1L Sr Secured | SOFR | 300 | 99.8 | $63M | 2028-05 | 2026-08-07 |
| ARCC | 1L Sr Secured | PIK | — | — | — | 2028-05 | 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
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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).
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