Portfolio Companies7
Company Name
|
Industry
|
Investment Type
|
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 Debt | B + 5.75% | AUD 50,593 | 30,157 | 27,316 | 0.34% |
Arcfield Acquisition Corp (TigerCub) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 6.25% | $48,230 | 41,710 | 41,093 | 0.51% |
Cadence - Southwick, Inc. (Cadence Engines) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 6.75% | $52,820 | 41,198 | 41,675 | 0.51% |
Frontgrade Technologies Holdings Inc. (CAES Space) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 6.75% | $52,287 | 44,104 | 44,415 | 0.55% |
Sequa Corp (Chromalloy Gas Turbine, LLC) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 7.00% | $141,023 | 121,179 | 125,962 | 1.55% |
Clarios Global LP (Power Solutions) | Automobiles and Parts | 1st Lien Senior Secured Debt | SF + 3.75% | $15,000 | 14,921 | 14,996 | 0.19% |
Foundation Automotive US Corp | Automobiles and Parts | 1st Lien Senior Secured Debt | SF + 7.75% | $52,029 | 51,424 | 48,685 | 0.60% |
Oil Changer Holding Corporation | Automobiles and Parts | 1st Lien Senior Secured Debt | SF + 6.75% | $49,246 | 48,901 | 48,613 | 0.60% |
Illuminate Buyer, LLC (Lummus Technology) | Chemicals | 1st Lien Senior Secured Debt | SF + 3.50% | $15,152 | 15,006 | 15,083 | 0.19% |
Esdec Solar Group B.V. (Esdec) | Construction and Materials | 1st Lien Senior Secured Debt | E + 6.00% | €68,732 | 54,950 | 53,160 | 0.66% |
Nexus Intermediate III, LLC (Vortex Industries) | Construction and Materials | 1st Lien Senior Secured Debt | SF + 5.50% | $1,367 | 1,051 | 1,067 | 0.01% |
AI Learning (Singapore) PTE. LTD. (The Learning Lab) | Consumer Services | 1st Lien Senior Secured Debt | SORA + 8.25% (incl 4.00% PIK) | SDG 43,183 | 31,014 | 30,905 | 0.38% |
American Academy Holdings, LLC (American Academy of Professional Coders) | Consumer Services | 1st Lien Senior Secured Debt | SF + 11.00% (incl 5.25% PIK) | $53,557 | 53,557 | 53,362 | 0.66% |
Asurion Corporation (Asurion) | Consumer Services | 2nd Lien Senior Secured Debt | SF + 5.25% | $4,132 | 4,091 | 3,605 | 0.04% |
Auctane Inc (Stamps.com Inc.) | Consumer Services | 1st Lien Senior Secured Debt | SF + 5.75% | $24,625 | 24,625 | 24,417 | 0.30% |
Club Car Wash Operating, LLC (Club Car Wash) | Consumer Services | 1st Lien Senior Secured Debt | SF + 6.50% | $80,130 | 65,007 | 64,187 | 0.79% |
Ensemble RCM LLC (Ensemble Health) | Consumer Services | 1st Lien Senior Secured Debt | SF + 3.75% | $1,984 | 1,978 | 1,986 | 0.02% |
Houghton Mifflin Harcourt Company (Houghton Mifflin Harcourt Publishers Inc.) | Consumer Services | 1st Lien Senior Secured Debt | SF + 5.25% | $29,700 | 28,972 | 27,757 | 0.34% |
Learning Care Group, Inc. (Learning Care Group (US) No. 2 Inc.) | Consumer Services | 1st Lien Senior Secured Debt | SF + 4.75% | $2,000 | 1,971 | 2,004 | 0.02% |
Mckissock Investment Holdings, LLC (Colibri Group) | Consumer Services | 1st Lien Senior Secured Debt | SF + 5.00% | $12,549 | 12,449 | 12,267 | 0.15% |
PECF USS Intermediate Holding III Corp (United Site Services) | Consumer Services | 1st Lien Senior Secured Debt | SF + 4.25% | $14,750 | 14,680 | 11,208 | 0.14% |
Polyconcept North America Holdings, Inc. | Consumer Services | 1st Lien Senior Secured Debt | SF + 5.50% | $23,067 | 22,684 | 22,041 | 0.27% |
SPOTLESS BRANDS, LLC | Consumer Services | 1st Lien Senior Secured Debt | SF + 6.50% | $148,390 | 140,828 | 143,043 | 1.76% |
Thrasio LLC (Thras IO Inc) | Consumer Services | 1st Lien Senior Secured Debt | $2,912 | 2,903 | 1,919 | 0.02% | |
TruGreen Limited Partnership (Tru Green LP) | Consumer Services | 1st Lien Senior Secured Debt | SF + 4.00% | $8,597 | 8,506 | 8,086 | 0.10% |
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Footnotes
- 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 October 31, 2023 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.