Watch a replay of the HPS Corporate Lending Fund First Quarter 2023 Shareholder Update
Reference Rate & Spread
Par Amount (thousands)
Amortized Cost (thousands)
Fair Value (thousands)
% of Total Portfolio
|ASDAM Operations Pty Ltd||Aerospace and Defense||1st Lien Senior Secured||B + 5.75%||A$ 50,593||$ 30,045||$ 29,059||0.40%|
|Arcfield Acquisition Corp (TigerCub)||Aerospace and Defense||1st Lien Senior Secured||SF + 5.75%||$ 23,385||$ 19,992||$ 19,531||0.30%|
|Cobham Holdings Inc. (CAES Space)||Aerospace and Defense||1st Lien Senior Secured||SF + 6.75%||$ 42,326||$ 36,485||$ 36,484||0.50%|
|Sequa Corp (Chromalloy Gas Turbine, LLC)||Aerospace and Defense||1st Lien Senior Secured||SF + 7.00%||$ 141,665||$ 121,092||$ 123,510||1.90%|
|Ford Motor Credit Company LLC (Ford Motor Co)||Automobiles and Parts||Unsecured Debt||6.95%||$ 2,300||$ 2,297||$ 2,340||0.00%|
|Foundation Automotive US Corp||Automobiles and Parts||1st Lien Senior Secured||SF + 7.75%||$ 83,279||$ 58,933||$ 56,446||0.80%|
|Oil Changer Holding Corporation||Automobiles and Parts||1st Lien Senior Secured||L + 6.75%||$ 49,497||$ 49,091||$ 48,483||0.70%|
|Illuminate Buyer, LLC (Lummus Technology)||Chemicals||1st Lien Senior Secured||L + 3.50%||$ 12,218||$ 12,062||$ 12,029||0.20%|
|Nexus Intermediate III, LLC (Vortex Industries)||Construction and Materials||1st Lien Senior Secured||L + 5.50%||$ 1,373||$ 1,054||$ 1,073||0.00%|
|American Academy Holdings, LLC (American Academy of Professional Coders)||Consumer Services||1st Lien Senior Secured||L + 11.00% (incl 5.25% PIK)||$ 52,320||$ 52,361||$ 51,957||0.80%|
|Asurion Corporation (Asurion)||Consumer Services||2nd Lien Senior Secured||L + 5.25%||$ 5,165||$ 5,108||$ 4,322||0.10%|
|Auctane Inc (Stamps.com Inc.)||Consumer Services||1st Lien Senior Secured||L + 5.75%||$ 24,750||$ 24,750||$ 24,333||0.40%|
|Club Car Wash Operating, LLC (Club Car Wash)||Consumer Services||1st Lien Senior Secured||SF + 6.50%||$ 89,490||$ 67,411||$ 65,726||1.00%|
|Ensemble RCM LLC (Ensemble Health)||Consumer Services||1st Lien Senior Secured||SF + 3.75%||$ 1,995||$ 1,987||$ 1,995||0.00%|
|Express Wash Concepts||Consumer Services||1st Lien Senior Secured||SF + 6.75%||$ 74,205||$ 55,337||$ 52,085||0.80%|
|Houghton Mifflin Harcourt Company (Houghton Mifflin Harcourt Publishers Inc.)||Consumer Services||1st Lien Senior Secured||SF + 5.25%||$ 29,850||$ 29,051||$ 26,843||0.40%|
|PECF USS Intermediate Holding III Corp (United Site Services)||Consumer Services||1st Lien Senior Secured||L + 4.25%||$ 14,825||$ 14,749||$ 12,560||0.20%|
|Polyconcept North America Holdings, Inc.||Consumer Services||1st Lien Senior Secured||SF + 5.50%||$ 23,184||$ 22,766||$ 22,821||0.30%|
|SPOTLESS BRANDS, LLC||Consumer Services||1st Lien Senior Secured||SF + 6.50%||$ 149,114||$ 142,282||$ 140,787||2.10%|
|Thrasio LLC (Thras IO Inc)||Consumer Services||1st Lien Senior Secured||L + 7.00%||$ 2,920||$ 2,910||$ 2,577||0.00%|
|TruGreen Limited Partnership (Tru Green LP)||Consumer Services||1st Lien Senior Secured||L + 4.00%||$ 9,889||$ 9,772||$ 9,156||0.10%|
|WMB Holdings Inc (Corporation Service Company)||Consumer Services||1st Lien Senior Secured||SF + 3.25%||$ 2,108||$ 2,048||$ 2,107||0.00%|
|Zips Car Wash, LLC||Consumer Services||1st Lien Senior Secured||SF + 7.25%||$ 40,672||$ 16,050||$ 15,824||0.20%|
|Zips Car Wash, LLC||Consumer Services||1st Lien Senior Secured||L + 7.25%||$ 26,246||$ 26,233||$ 25,837||0.40%|
|IP Operating Portfolio I, LLC (Intersect Power)||Electricity||Preferred Equity||-||$ -||$ 67||$ 184||0.00%|
Engage with HLEND
Financial advisors can submit an inquiry using this form or engage with HPS at firstname.lastname@example.org. Individual investors should contact their financial advisor for more information.
- Computed as (a) the annual stated interest rate or yield plus the annual accretion of discounts or less the annual amortization of premiums, as applicable, on accruing debt included in such securities, divided by (b) total debt investments at fair value included in such securities. Actual yields earned over the life of each investment could differ materially from the yields presented above.
- Private Investments represents level 3 investments in the investment portfolio where inputs to the valuation methodology are unobservable and significant to overall fair value measurement. Measured as total fair value of investments.
- Measured as the fair value of investments for each category relative to the total fair value of investments. Totals may not sum due to rounding.
- Measured as the fair value of debt investments.
- Calculated with respect to all private investments, including investments for which fair value is determined by HPS (in its capacity as the investment manager of HLEND) (with assistance, at least quarterly, from a third-party valuation firm, and overseen by HLEND’s Board of Trustees) and, in the case of weighted average EBITDA only, excludes investments where net debt to EBITDA may not be the appropriate measure of credit risk. Figures are derived from the financial statements most recently obtained by the Adviser. Weighted average EBITDA is weighted based on the fair value of our total applicable private debt investments.
- Other include structured finance investments.
- All figures are as of March 31, 2023 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.