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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
|
---|---|---|---|---|---|---|---|
Hamilton Projects Acquiror, LLC (Hamilton) | Electricity | 1st Lien Senior Secured Debt | SF + 3.75% | $17,106 | 17,065 | 17,202 | 0.13% |
IP Operating Portfolio I, LLC (Intersect Power) | Electricity | 1st Lien Senior Secured Debt | 7.88% | $27,206 | 26,765 | 27,206 | 0.20% |
IP Operating Portfolio I, LLC (Intersect Power) | Electricity | Equity and other investments | $0 | 68 | 424 | 0.00% | |
Thunder Generation Funding LLC (THUNDER GENERATION) | Electricity | 1st Lien Senior Secured Debt | SF + 3.00% | $5,882 | 5,853 | 5,896 | 0.04% |
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) | $21,649 | 21,480 | 21,687 | 0.16% |
Yes Energy LLC | Finance and Credit Services | 1st Lien Senior Secured Debt | SF + 5.00% | $44,880 | 40,458 | 41,329 | 0.30% |
Aspire Bakeries Holdings LLC (Aspire Bakeries) | Food Producers | 1st Lien Senior Secured Debt | SF + 4.25% | $7,317 | 7,280 | 7,280 | 0.05% |
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% |
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% |
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 | 1st Lien Senior Secured Debt | 13.50% (incl 6.35% PIK) | $778 | 758 | 769 | 0.01% |
Eagle LNG Partners Jacksonville II LLC (Eagle LNG Partners) | Gas, Water and Multi-utilities | Equity and other investments | $0 | 0 | - | 0.00% | |
Floating Infrastructure Holdings Finance LLC (NFE VesselCo) | Gas, Water and Multi-utilities | 1st Lien Senior Secured Debt | SF + 5.75% | $41,682 | 41,229 | 41,682 | 0.31% |
BP Purchaser, LLC (BOX Partners) | General Industrials | 1st Lien Senior Secured Debt | SF + 5.50% | $27,303 | 26,969 | 25,516 | 0.19% |
Bright Light Buyer, Inc. (Chauvet Lighting) | General Industrials | 1st Lien Senior Secured Debt | SF + 6.00% | $74,438 | 72,880 | 74,438 | 0.55% |
Capripack Debtco PLC (Constantia) | General Industrials | 1st Lien Senior Secured Debt | E + 7.25% (incl 2.50% PIK) | €56,012 | (2,134) | 149 | 0.00% |
Capripack Debtco PLC (Constantia) | General Industrials | 1st Lien Senior Secured Debt | E + 6.75% (incl 2.50% PIK) | €85,521 | 90,633 | 93,292 | 0.69% |
Formerra, LLC (Formerra) | General Industrials | 1st Lien Senior Secured Debt | SF + 7.25% | $121,136 | 106,426 | 107,608 | 0.79% |
Marcone Group Inc (Marcone Supply) | General Industrials | 1st Lien Senior Secured Debt | SF + 6.25% | $78,831 | 78,179 | 74,339 | 0.55% |
TMC Buyer Inc (Terra Millennium) | General Industrials | 1st Lien Senior Secured Debt | SF + 6.00% | $69,447 | 63,523 | 69,447 | 0.51% |
Charlotte Buyer Inc (Kindred Hospice) | Health Care Providers | 1st Lien Senior Secured Debt | SF + 4.75% | $23,814 | 22,864 | 24,043 | 0.18% |
MPH Acquisition Holdings LLC (Multiplan, Inc.) | Health Care Providers | 1st Lien Senior Secured Debt | SF + 4.25% | $4,551 | 4,474 | 3,444 | 0.03% |
PTSH Intermediate Holdings, LLC (PT Solutions) | Health Care Providers | 1st Lien Senior Secured Debt | SF + 5.50% | $24,432 | 24,162 | 24,432 | 0.18% |
Phoenix Newco Inc (Parexel) | Health Care Providers | 1st Lien Senior Secured Debt | SF + 3.00% | $16,759 | 16,681 | 16,769 | 0.12% |
Pinnacle Fertility | Health Care Providers | 1st Lien Senior Secured Debt | SF + 5.00% | $36,000 | 35,591 | 36,000 | 0.26% |
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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.