Watch a Replay of the HPS Corporate Lending Fund Third Quarter 2024 Shareholder Update Webcast
Portfolio Companies8,9
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
S&S Holdings LLC (S&S Holdings) | Personal Goods | 1st Lien Senior Secured Debt | SF + 5.00% | $12,000 | 11,820 | 11,973 | 0.09% |
SDC US Smilepay SPV (SmileDirectClub) | Medical Equipment and Services | 1st Lien Senior Secured Debt | P + 9.75% | $15,706 | 9,355 | 3,968 | 0.03% |
SLF V AD1 Holdings, LLC (AD1 Global) | Travel and Leisure | Equity and other investments | $10,101 | 9,891 | 9,812 | 0.07% | |
SPOTLESS BRANDS, LLC | Consumer Services | 1st Lien Senior Secured Debt | SF + 5.75% | $146,941 | 142,998 | 144,871 | 1.07% |
SPOTLESS BRANDS, LLC | Consumer Services | 1st Lien Senior Secured Debt | SF + 5.50% | $31,073 | 9,226 | 9,232 | 0.07% |
SUGAR PPC BUYER LLC (Sugar Foods Corporation) | Food Producers | 1st Lien Senior Secured Debt | SF + 5.25% | $90,181 | 74,115 | 76,608 | 0.56% |
Sedgwick Claims Management Services, Inc. (Sedgwick) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 3.00% | $19,109 | 18,933 | 19,136 | 0.14% |
Sedgwick Claims Management Services, Inc. (Sedgwick) | Industrial Support Services | 2nd Lien Senior Secured Debt | SF + 5.00% | $25,000 | 24,754 | 24,389 | 0.18% |
Severin Acquisition, LLC (POWERSCHOOL HOLDINGS, LLC) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 4.75% | $44,454 | (439) | (439) | 0.00% |
Severin Acquisition, LLC (POWERSCHOOL HOLDINGS, LLC) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.00% (incl 2.25% PIK) | $362,889 | 296,291 | 296,289 | 2.18% |
Shackleton 2019-XV CLO Ltd (Shackleton CLO LTD) | Structured Finance | Structured Finance investments | SF + 6.92% | $3,000 | 2,684 | 3,023 | 0.02% |
Sig Parent Holdings, LLC (Sunstar Insurance Group LLC) | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 5.00% | $44,657 | 26,171 | 25,954 | 0.19% |
SimpliSafe Holding Corporation | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 6.25% | $133,161 | 131,553 | 133,161 | 0.98% |
Smarsh Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.75% | $22,500 | 18,998 | 19,286 | 0.14% |
Soliant Lower Intermediate LLC (Soliant) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 3.75% | $8,249 | 8,170 | 8,306 | 0.06% |
Southern Graphics Holdings LLC (Southern Graphics Inc.) | Industrial Support Services | Equity and other investments | $0 | 2,333 | 2,857 | 0.02% | |
Southern Graphics Inc. | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 7.50% PIK | $5,511 | 5,362 | 5,511 | 0.04% |
Southern Graphics Inc. | Industrial Support Services | 2nd Lien Senior Secured Debt | SF + 7.50% PIK | $1,932 | 1,881 | 1,932 | 0.01% |
Southern Veterinary Partners LLC (Southern Veterinary Partners) | Health Care Providers | 1st Lien Senior Secured Debt | SF + 3.25% | $4,673 | 4,650 | 4,661 | 0.03% |
Spanx, LLC | Personal Goods | 1st Lien Senior Secured Debt | SF + 5.25% | $29,175 | 28,821 | 29,175 | 0.21% |
Spanx, LLC | Personal Goods | 1st Lien Senior Secured Debt | SF + 5.00% | $5,000 | (53) | - | 0.00% |
Specialty Ingredients, LLC (Parker Products Holdings, LLC) | Food Producers | 1st Lien Senior Secured Debt | SF + 6.00% | $100,399 | 94,538 | 95,888 | 0.71% |
Spirit RR Holdings, Inc. (Reorg Research) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 5.00% | $52,318 | 45,015 | 45,747 | 0.34% |
Staples, Inc. (Staples Inc) | Retailers | 1st Lien Senior Secured Debt | SF + 5.75% | $31,264 | 29,906 | 29,026 | 0.21% |
Summit Acquisition Inc (K2 Insurance Services LLC) | Investment Banking and Brokerage Services | 1st Lien Senior Secured Debt | SF + 3.75% | $17,500 | 17,413 | 17,555 | 0.13% |
Engage with HLEND
Start HereEngage with HLEND
Financial advisors can submit an inquiry using this form or engage with HPS at hlend@hpspartners.com. Individual investors should contact their financial advisor for more information.
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). Actual yields earned over the life of each investment could differ materially from the yields presented above. Please refer to HLEND’s prospectus and filings, including Form 10-Q or Form 10-K for fair value disclosures.
- 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. Private investments includes investments in joint ventures.
- Based on the aggregate fair value of the investment portfolio as of October 31, 2024.
- Percentage based on aggregate fair value of accruing debt.
- Calculated with respect to all level 3 investments (or, with respect to weighted average loan to value, all level 3 debt investments) in the investment portfolio for which fair value is determined by the Investment Adviser (in its capacity as the investment adviser of HLEND, with assistance, at least quarterly, from a third-party valuation firm, and overseen by HLEND’s Board of Trustees), and excludes quoted assets and investments in joint ventures. In the case of weighted average EBITDA only, excludes investments with no reported EBITDA or where EBITDA, in the Investment Adviser’s judgement made in its discretion, was not a material component of the original investment thesis, such as loan-to-value-based loans, NAV-based loans or reorganized equity. Weighted average EBITDA is weighted based on the fair value of the total applicable level 3 investments. Loan to value is calculated as net debt through each respective investment tranche in which HLEND holds an investment divided by enterprise value or value of underlying collateral of the portfolio company. Weighted average loan to value is weighted based on the fair value of the total applicable level 3 debt investments. Excludes investments on non-accrual status as of September 30, 2024. Figures are derived from the most recent financial statements from portfolio companies.
- Secured debt at the holding company level.
- Other includes structured finance investments.
- Based on FTSE / DJ Industry Classification Benchmark (“ICB”) sector definition. Totals may not sum due to rounding.
- All figures are as of October 31, 2024 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.