Access Media Holdings, LLC

About

“Access Media Holdings, LLC (d/b/a “Access Media 3, Inc.”, or “Access Media”) headquartered in Oak Brook, IL, is a triple-play provider of digital satellite television, high speed internet and voice services to the residential multi-dwelling unit (“MDU”) market in the United States. Access Media provides services to residential MDUs in 20 different markets across the United States via single-play, double-play and triple-play service options”.

BDC Credit Reporter View

The Company is a privately-owned operator of cable/satellite services for multi-unit dwellings. Very little information is available. Nonetheless, at September 30 2016 there were 3 BDCS with $47mn in aggregate exposure, dating back to the IIIQ of 2015. Principally the BDC investments are in the form of senior debt due in 2020, but there is Preferred and equity as well. At September 30 2016, the equity had been written down to zero, the Preferred too and the debt was carried at a discount of 12% by one BDC. Main Street Capital or MAIN has the largest share of the exposure with $29mn at cost.

The Company has been on Watch List status from inception, judging by the valuations. The BDC Credit Reporter has the Company as Under Performing, with a Corporate Credit Rating of 3, but with a Credit Trend Down at September 2016 vs the prior quarter. We have not been able to get any newer information.

Highlights

TBD