Andalusian Credit Partners Announces Record Third Quarter 2025 Direct Lending Origination Activity

Marks Most Active Deployment Quarter Since Inception With Approximately $130 Million Committed Across Seven Transactions

NEW YORK--(BUSINESS WIRE)--Andalusian Credit Partners (“Andalusian” or “ACP”), a leading middle market direct lending platform focused on diversified senior secured leveraged lending to non-sponsored and sponsor-backed companies, today announced its origination activity for the third quarter ended September 30, 2025. The period represented the firm’s most active quarter of capital deployment since inception, reflecting Andalusian’s ongoing momentum and growth.

During the quarter, Andalusian closed approximately $130 million in new commitments across seven transactions, all of which were first lien senior secured loans with financial covenants. The financings were provided to non-sponsored and sponsor-backed borrowers spanning a diverse range of industries, underscoring Andalusian’s ability to source differentiated investment opportunities and construct a diversified portfolio.

Third Quarter 2025 Origination Highlights

• Ag Bells LLC and Ag Bells II LLC: ACP invested in the revolving credit facility and first lien term loan of this family-office owned platform of franchised Taco Bell locations. Proceeds were largely used to refinance existing indebtedness, but also included a partial shareholder distribution given the strong historical performance.
• Ampler QSR Holdings LLC: ACP invested in the revolving credit facility and first lien term loan of this family-office owned platform of franchised restaurant locations operating under the Burger King, Little Caesars, and Church’s Chicken brands. Proceeds were largely used to refinance existing indebtedness, but also included a partial shareholder distribution given the strong historical performance.
• Axiometrix: ACP invested in the first-out term loan and revolving credit facility of Axiometrix, a PE-backed global designer and manufacturer of audio, electrical, and electro-mechanical test and measurement solutions. Proceeds were used to refinance existing indebtedness.
• Mood Media Borrower, LLC: ACP invested in the first lien credit facility of Mood Media, a PE-backed provider of subscription-based on-premise audio and media solutions serving more than 500,000 commercial locations worldwide. Proceeds were used to refinance existing indebtedness.
• RAH Holdings, L.L.C.: ACP served as sole lender and administrative agent on a first lien term loan to Remain at Home Healthcare, a founder-owned provider of chronic care management and in-home coordination services for former Department of Energy employees covered under the EEOICPA program. Proceeds were used to support the company’s acquisition of Mountain Medical Supply, a leading durable medical equipment provider to the EEOICPA patient population.
• Vivos Holdings, LLC: ACP invested in the first lien term loan of Vivos Holdings, a leading manufacturer of non-discretionary private-label personal care and household products across a diverse range of categories including first aid, hand soap & sanitizer, and skin care. Proceeds of the transaction were used to acquire a complementary business, Nice-Pak, and refinance existing indebtedness at Vivos and Nice-Pak.
• VTC Buyer Corp.: ACP invested in the first lien credit facility of Voyager Trucking, a provider of long-haul waste transportation services in the Northeast and Mid-Atlantic regions. Proceeds were used to support the independent sponsor’s LBO of the company and provide capital to support the company’s acquisition strategy.

“Since inception, we have steadily ramped deployment commensurate with the growth of our platform and the opportunity set in front of us, while remaining disciplined in our underwriting standards,” said Aaron Kless, Chief Executive Officer and Chief Investment Officer of Andalusian Credit Partners. “Our record origination activity during the third quarter reflects the proprietary sourcing network we have built of company management teams, advisors, and sponsors, and our ability to execute transactions across sectors and borrower types. We have earned the trust of our partners by acting dependably and decisively, and we look forward to continuing to deliver tailored financing solutions that align with the long-term success of our borrowers and investors.”

About Andalusian Credit Partners
Andalusian Credit Partners (“ACP”) is a U.S. middle market direct lending platform focused on diversified senior secured leveraged lending to non-sponsored and sponsor-backed companies. ACP provides first lien and unitranche loans to businesses across a wide range of industries, including sports, media & entertainment, and financial and specialty services. Drawing upon a combination of proven investment experience, in-depth sector knowledge, and significant operating resources, we empower business growth through flexible, creative financing solutions, while delivering enduring value for our investors. To learn more, visit www.andalusian.com/credit-partners. ACP is a Registered Investment Adviser with the Securities and Exchange Commission. Additional information about ACP is available on the SEC’s IAPD - Firm Search Results page.

There is no guarantee that opportunities similar to those described herein will be available to ACP in the future. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities or investment services.