Updated: $20MM Senior Credit/Bridge, open to a minority equity co-investment of up to 20%

Transaction Overview: I’m sharing a senior secured acquisition financing opportunity that may fit a middle-market direct lending strategy. For the right partner, we are also open to a minority equity co-investment (up to ~20% of buyer equity) for groups that prefer an integrated debt + equity solution. Situation We are under exclusivity to acquire a scaled cybersecurity services business. The transaction is well advanced, with diligence underway and definitive documentation in process. Business overview • Asset-light operating model with modest capital expenditure requirements • Ongoing investment in process improvement and technology enablement (including AI-focused initiatives) Financial profile (FY 2025) • Revenue: ~$123M • EBITDA: ~$12M (~10% margin) • Quality of Earnings completed by a Big-4 firm and rolled forward through December 2025 • Attractive free cash flow characteristics Transaction terms (high level) • Enterprise value: ~$75M (cash-free / debt-free) • Target working capital aligned to historical levels • Escrow: ~$5M tied to transition support and AI/process/technology enablement initiatives Capitalization highlights • Senior secured debt sought: ~$20M • Equity funded on buyer balance sheet: ~$55M (no external equity raise required) • Implied leverage: ~1.7x total debt / EBITDA • Equity is ~73% of total capitalization • No dividends/distributions or liquidity to equity at closing • Optional: minority equity co-investment up to ~20% of buyer equity (size/terms flexible) Debt structure requested • Senior secured term loan or unitranche • 5–7 year maturity with light, cash-flow-based amortization Timing Targeting documentation execution in early February and closing in late February to early March (subject to customary closing conditions). If this aligns with your mandate, sorry - no brokers, please DM/email me for additional details. Thanks, Tom redacted