"Based in Sugar Land, Texas, Wholesome Sweeteners, Inc. is a young company with generations of experience and expertise behind it. The company is the nation’s leader in Fair Trade, Organic and Non-GMO sugars, molasses, syrups, stevia and honeys and actually pioneered the certification process for Fair Trade Certified sugar, agave and honey. In 2015, the company rebranded to the new name of Wholesome! Wholesome! has been committed to organics and staying on the cutting edge of eco-friendly agriculture since its founding in 2001. Wholesome! is dedicated to Fair Trade and partners with caring farming families across the globe ensuring them a fair price for their crops." From LinkedIn Profile.
Only one BDC is currently invested in Wholesome Sweeteners. Alcentra Capital has been invested for $5mn for several years, but exclusively in the common equity of this privately held company. The position has never been valued at a premium and was written down by as much as 35% in the IQ of 2016. However, for the II and IIIQ of 2016, the value of this non-income producing investment has increased to a 20% discount. Given the valuation history and investment illiquidity, the BDC Credit Reporter rates the Corporate Credit a 3, and the credit trend as unchanged.