Portfolio Companies7
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
Shackleton 2019-XV CLO Ltd (Shackleton CLO LTD) | Structured Finance | Structured Finance investments | SF + 6.92% | $3,000 | 2,666 | 3,024 | 0.03% |
Showtime Acquisition, L.L.C. (World Choice Investments LLC) | Media | 1st Lien Senior Secured Debt | SF + 6.25% | $4,263 | 4,183 | 4,263 | 0.04% |
Showtime Acquisition, L.L.C. (World Choice Investments LLC) | Media | 1st Lien Senior Secured Debt | SF + 6.50% | $71,879 | 65,533 | 67,168 | 0.62% |
SimpliSafe Holding Corporation | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 6.25% | $133,813 | 132,004 | 133,813 | 1.24% |
Smarsh Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.75% | $22,500 | 19,187 | 19,500 | 0.18% |
Southern Graphics Holdings LLC (Southern Graphics Inc.) | Industrial Support Services | Equity and other investments | $0 | 2,333 | 2,696 | 0.03% | |
Southern Graphics Inc. | Industrial Support Services | 2nd Lien Senior Secured Debt | SF + 7.50% PIK | $1,932 | 1,881 | 1,932 | 0.02% |
Southern Graphics Inc. | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 7.50% PIK | $5,625 | 5,476 | 5,625 | 0.05% |
Spanx, LLC | Personal Goods | 1st Lien Senior Secured Debt | SF + 5.25% | $29,325 | 28,933 | 29,325 | 0.27% |
Spanx, LLC | Personal Goods | 1st Lien Senior Secured Debt | SF + 5.00% | $5,000 | (60) | - | 0.00% |
Specialty Ingredients, LLC (Parker Products Holdings, LLC) | Food Producers | 1st Lien Senior Secured Debt | SF + 6.00% | $100,853 | 94,852 | 96,341 | 0.89% |
Spirit RR Holdings, Inc. (Reorg Research) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 5.00% | $52,551 | 45,167 | 45,980 | 0.43% |
Staples, Inc. (Staples Inc) | Retailers | 1st Lien Senior Secured Debt | SF + 5.75% | $26,810 | 25,738 | 25,626 | 0.24% |
Summit Acquisition Inc. (K2 Insurance Services LLC) | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 6.75% | $66,304 | 46,961 | 49,850 | 0.46% |
Sunset Debt Merger Sub, Inc. (Springs Window) | Household Goods and Home Construction | 1st Lien Senior Secured Debt | SF + 4.00% | $706 | 616 | 592 | 0.01% |
Sunzia UpperCo LLC (Pattern Energy Group) | Electricity | 1st Lien Senior Secured Debt | SF + 5.00% | $25,000 | 24,780 | 24,888 | 0.23% |
TA TT Buyer, LLC (TouchTunes Interactive Networks, Inc.) | Telecommunications Service Providers | 1st Lien Senior Secured Debt | SF + 5.25% | $14,774 | 14,666 | 14,811 | 0.14% |
TK Elevator US Newco Inc (TK Elevator) | Industrial Engineering | 1st Lien Senior Secured Debt | SF + 3.50% | $12,541 | 12,390 | 12,640 | 0.12% |
TMC Buyer Inc (Terra Millennium) | General Industrials | 1st Lien Senior Secured Debt | SF + 6.00% | $69,797 | 63,162 | 69,797 | 0.65% |
TPG VIII Merlin New Holdings I, L.P. (DirecTV) | Asset Based Lending and Fund Finance | Other Secured | SF + 6.50% | $65,000 | 63,793 | 63,791 | 0.59% |
TechInsights Inc. | Technology Hardware and Equipment | 1st Lien Senior Secured Debt | SF + 7.89% | $3,526 | 3,480 | 3,505 | 0.03% |
TecoStar Holdings Inc (Tecomet Inc) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 8.50% (incl 4.50% PIK) | $122,633 | 120,119 | 124,032 | 1.15% |
Tenet Healthcare Corp | Health Care Providers | 1st Lien Senior Secured Debt | 5.13% | $2,695 | 2,721 | 2,631 | 0.02% |
The ONE Group Hospitality, Inc. (The One Group, LLC) | Travel and Leisure | Preferred Equity | 13.00% PIK | $1,000 | 950 | 961 | 0.01% |
The ONE Group Hospitality, Inc. (The One Group, LLC) | Travel and Leisure | Equity and other investments | $19 | - | - | 0.00% |
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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 other secured investments.
- All figures are as of May 31, 2024 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.