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Portfolio Companies8,9
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
AMMC CLO XII Ltd | Structured Finance | Structured Finance investments | SF + 6.44% | $2,000 | 2,002 | 2,005 | 0.01% |
Bain Capital Credit CLO 2024-3 Ltd (Bain Capital Credit CLO, Limit) | Structured Finance | Structured Finance investments | SF + 6.25% | $2,000 | 2,000 | 2,023 | 0.01% |
Foundation Automotive US Corp | Automobiles and Parts | 1st Lien Senior Secured Debt | SF + 7.75% | $2,701 | 1,891 | 1,891 | 0.01% |
OneTeam Partners, LLC (OneTeam Partners) | Media | Preferred Equity | 8.00% | $1,000 | 1,000 | 1,194 | 0.01% |
Plasma Buyer LLC (Path Group Inc.) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 6.25% | $3,146 | 1,839 | 1,762 | 0.01% |
Racing Point UK Holdings Limited (Aston Martin Formula 1 Team) | Media | Equity and other investments | $10 | 1,008 | 1,005 | 0.01% | |
The ONE Group Hospitality, Inc. (The One Group, LLC) | Travel and Leisure | Preferred Equity | 13.00% PIK | $1,000 | 950 | 1,028 | 0.01% |
Thrasio LLC (Thras IO Inc) | Consumer Services | 1st Lien Senior Secured Debt | SF + 10.00% PIK | $1,055 | 1,029 | 819 | 0.01% |
VetCor Group Holdings LLC (VetCor) | Health Care Providers | Unsecured Debt | 13.75% PIK | $1,303 | 1,285 | 1,272 | 0.01% |
Artifact Bidco, Inc. (Avetta, LLC) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.00% (incl 2.75% PIK) | $11,207 | (110) | 39 | 0.00% |
Auditboard, Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.25% (incl 2.75% PIK) | $75,714 | (741) | 255 | 0.00% |
Avalara, Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | P + 6.25% | $6,324 | (104) | - | 0.00% |
ELNG Equity LLC (Eagle LNG Partners) | Gas, Water and Multi-utilities | Equity and other investments | $78 | - | - | 0.00% | |
Eagle LNG Partners Jacksonville II LLC (Eagle LNG Partners) | Gas, Water and Multi-utilities | Equity and other investments | $0 | 0 | - | 0.00% | |
Empower Payments Investor, LLC (RevSpring) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 5.25% | $9,704 | (173) | - | 0.00% |
Severin Acquisition, LLC (POWERSCHOOL HOLDINGS, LLC) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 4.75% | $44,454 | (439) | (439) | 0.00% |
Spanx, LLC | Personal Goods | 1st Lien Senior Secured Debt | SF + 5.00% | $5,000 | (53) | - | 0.00% |
Sunset Debt Merger Sub, Inc. (Springs Window) | Household Goods and Home Construction | 1st Lien Senior Secured Debt | SF + 4.00% | $702 | 621 | 582 | 0.00% |
The ONE Group Hospitality, Inc. (The One Group, LLC) | Travel and Leisure | Equity and other investments | $19 | - | - | 0.00% | |
The One Group, LLC | Travel and Leisure | 1st Lien Senior Secured Debt | SF + 6.00% | $6,649 | (177) | (261) | 0.00% |
Thrasio Holdings, Inc. (Thras IO Inc) | Consumer Services | Equity and other investments | $19 | 0 | - | 0.00% | |
Thrasio LLC (Thras IO Inc) | Consumer Services | 1st Lien Senior Secured Debt | SF + 10.00% (incl 10.00% PIK) | $362 | 360 | 362 | 0.00% |
TriMech Acquisition Corp. (TriMech) | Software and Computer Services | 1st Lien Senior Secured Debt | P + 3.75% | $3,289 | 162 | 197 | 0.00% |
VetCor Group Holdings LLC (VetCor) | Health Care Providers | Unsecured Debt | 14.75% PIK | $267 | 262 | 271 | 0.00% |
YA Intermediate Holdings II, LLC (Young and Associates) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 5.00% | $9,750 | (48) | (96) | 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). 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.