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Private-Credit Borrower

Sonny's Enterprises, LLC


Sonny's Enterprises is the largest manufacturer of conveyorized car-wash equipment in the world, making the tunnel machinery, controls, chemicals, and replacement parts used by car-wash operators, along with related service and support. Headquartered in Tamarac, Florida, and founded in 1949, it serves both independent operators and large car-wash chains. It received a private-equity investment from Genstar Capital in 2020.

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

3
BDC Lenders
10
Debt Positions

Lenders

Sonny's Enterprises, LLC is held by 3 BDC lenders in our parsed SEC filings: MSDL, OBDC, TCPC.

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
OBDC1L Sr SecuredSOFR650100.0$17M2028-082026-08-05
TCPC1L Sr SecuredSOFR56595.9$192K2028-08-052026-08-06
TCPC1L Sr SecuredSOFR56595.9$18M2028-08-052026-08-06
TCPC1L Sr SecuredSOFR56594.9$135K2028-08-052026-08-06
MSDL1L Sr SecuredSOFR55097.4$44M2028-08-052026-08-06
MSDL1L Sr SecuredSOFR55097.3$108K2028-08-052026-08-06
OBDC1L Sr SecuredSOFR55098.8$18M2027-082026-08-05
OBDC1L Sr SecuredSOFR55099.0$267M2028-082026-08-05
OBDC1L Sr Secured2027-062026-08-05
OBDC1L Sr Secured2027-082026-08-05

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 Sonny's Enterprises, LLC 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 Sonny's Enterprises, LLC

Public headlines that name Sonny's Enterprises, LLC, 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.

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.