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Portfolio Companies7
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
AI Learning (Singapore) PTE. LTD. (The Learning Lab) | Consumer Services | 1st Lien Senior Secured Debt | SORA + 8.25% (incl 4.00% PIK) | SDG 44,063 | 31,752 | 32,377 | 0.34% |
CD&R MADISON UK BIDCO LTD (OCS) | Industrial Support Services | 1st Lien Senior Secured Debt | SN + 8.25% (incl 2.00% PIK) | £45,620 | 53,305 | 56,675 | 0.60% |
CD&R MADISON UK BIDCO LTD (OCS) | Industrial Support Services | 1st Lien Senior Secured Debt | SN + 8.25% | £9,965 | 2,257 | 2,445 | 0.03% |
Travelex Issuerco 2 PLC (Travelex) | Investment Banking and Brokerage Services | 1st Lien Senior Secured Debt | SN + 8.00% | £23,256 | 27,429 | 28,971 | 0.31% |
International Entertainment Investments Ltd (Ambassador Theatre Group Ltd) | Media | 1st Lien Senior Secured Debt | SN + 7.65% | £15,493 | 18,804 | 19,425 | 0.21% |
Artemis Bidco Limited (Away Resorts) | Travel and Leisure | 1st Lien Senior Secured Debt | SN + 6.00% | £19,371 | 22,431 | 17,816 | 0.19% |
Denali Bidco Limited (Once For All) | Software and Computer Services | 1st Lien Senior Secured Debt | SN + 6.00% | £31,343 | 28,499 | 29,159 | 0.31% |
Armstrong Bidco Limited (Access Group) | Software and Computer Services | 1st Lien Senior Secured Debt | SN + 5.25% | £139,986 | 165,784 | 178,486 | 1.89% |
TriMech Acquisition Corp. (TriMech) | Software and Computer Services | 1st Lien Senior Secured Debt | SN + 4.75% | £36,254 | 43,902 | 45,347 | 0.48% |
Eagle LNG Partners Jacksonville II LLC (Eagle LNG Partners) | Gas, Water and Multi-utilities | 1st Lien Senior Secured Debt | SF + 9.88% | $620 | 616 | 615 | 0.01% |
PCP CW Aggregator Holdings II, L.P. (CardWorks, Inc.) | Finance and Credit Services | 1st Lien Senior Secured Debt | SF + 9.25% (incl 9.25% PIK) | $20,123 | 19,904 | 19,825 | 0.21% |
TecoStar Holdings Inc (Tecomet Inc) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 8.50% (incl 4.50% PIK) | $121,254 | 118,615 | 120,088 | 1.27% |
Travel Leaders Group, LLC (Travel Leaders) | Travel and Leisure | 1st Lien Senior Secured Debt | SF + 8.50% (incl 3.00% PIK) | $137,838 | 135,048 | 141,167 | 1.49% |
Atlas Intermediate III, L.L.C. (Actylis) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 8.25% (incl 4.00% PIK) | $113,237 | 110,591 | 111,697 | 1.18% |
Charlotte Buyer Inc (Kindred Hospice) | Health Care Providers | 2nd Lien Senior Secured Debt | SF + 8.25% | $10,000 | 9,453 | 9,950 | 0.11% |
Galaxy US Opco Inc. (Vialto Partners) | Industrial Support Services | 2nd Lien Senior Secured Debt | SF + 8.25% | $9,000 | 8,817 | 7,801 | 0.08% |
CENT CLO 16, L.P. | Structured Finance | Structured Finance investments | SF + 8.07% | $3,000 | 2,826 | 2,809 | 0.03% |
Knitwell Borrower LLC (Knitwell) | Retailers | 1st Lien Senior Secured Debt | SF + 8.00% | $95,120 | 92,129 | 92,741 | 0.98% |
Foundation Automotive US Corp | Automobiles and Parts | 1st Lien Senior Secured Debt | SF + 7.75% | $41,053 | 40,612 | 35,258 | 0.37% |
WP CPP Holdings, LLC (Consolidated Precision Products) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 7.50% (incl 4.13% PIK) | $187,888 | 183,387 | 183,384 | 1.94% |
ABB/CON-CISE Optical Group LLC (ABB Optical) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 7.50% | $21,259 | 20,885 | 19,244 | 0.20% |
BLY US Holdings Inc. (Boart Longyear Management) | Industrial Metals and Mining | 1st Lien Senior Secured Debt | SF + 7.50% | $24,226 | 23,592 | 24,092 | 0.25% |
Showtime Acquisition, L.L.C. (World Choice Investments LLC) | Media | 1st Lien Senior Secured Debt | SF + 7.50% | $72,039 | 65,590 | 66,357 | 0.70% |
Southern Graphics Inc. | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 7.50% | $5,682 | 5,533 | 5,682 | 0.06% |
Southern Graphics Inc. | Industrial Support Services | 2nd Lien Senior Secured Debt | SF + 7.50% | $1,932 | 1,881 | 1,932 | 0.02% |
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Footnotes
- Computed as (a) the annual stated interest rate or yield plus the annual accretion of discounts and less any annual amortization of premiums, as applicable, on accruing (i) debt and (ii) other income producing securities, divided by (b) total accruing (i) debt and (ii) other income producing securities (at fair value or amortized cost, as applicable). 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 includes structured finance investments and investments in joint ventures.
- All figures are as of February 29, 2024 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.