Portfolio Companies8,9
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
Proofpoint, Inc. (Proofpoint Inc) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.00% | $2,366 | 2,366 | 2,381 | 0.01% |
Wave Distribution Holdings LLC (Sophos) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.50% | $2,378 | 2,375 | 2,396 | 0.01% |
KUEHG Corp. (Kinder Care) | Consumer Services | 1st Lien Senior Secured Debt | SF + 3.25% | $2,386 | 2,381 | 2,414 | 0.01% |
Rad CLO Ltd | Structured Finance | Structured Finance investments | SF + 6.51% | $2,500 | 2,504 | 2,522 | 0.02% |
Monroe Capital MML CLO XIV LLC (Monroe Capital MML CLO) | Structured Finance | Structured Finance investments | SF + 10.02% | $2,500 | 2,356 | 2,518 | 0.02% |
IRB Holding Corp. (Arby’s Restaurant Group Inc) | Travel and Leisure | 1st Lien Senior Secured Debt | SF + 2.50% | $2,670 | 2,670 | 2,676 | 0.02% |
Tenet Healthcare Corp | Health Care Providers | 1st Lien Senior Secured Debt | 5.13% | $2,695 | 2,716 | 2,642 | 0.02% |
Dryden 108 CLO Ltd (Dryden Senior Loan Fund) | Structured Finance | Structured Finance investments | $2,900 | 2,291 | 2,219 | 0.01% | |
NAB Holdings, LLC (North American Bancard) | Investment Banking and Brokerage Services | 1st Lien Senior Secured Debt | SF + 2.75% | $2,909 | 2,906 | 2,929 | 0.02% |
Octagon Investment Partners 29 Ltd (Octagon Investment Partners 29) | Structured Finance | Structured Finance investments | SF + 7.17% | $3,000 | 2,986 | 3,086 | 0.02% |
Shackleton 2019-XV CLO Ltd (Shackleton CLO LTD) | Structured Finance | Structured Finance investments | SF + 6.92% | $3,000 | 2,691 | 3,027 | 0.02% |
Octagon 63 Ltd | Structured Finance | Structured Finance investments | SF + 6.50% | $3,000 | 3,000 | 3,066 | 0.02% |
Oaktree CLO 2019-4 Ltd | Structured Finance | Structured Finance investments | SF + 6.59% | $3,000 | 2,971 | 3,070 | 0.02% |
Plasma Buyer LLC (Path Group Inc.) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 6.25% | $3,140 | 2,464 | 2,413 | 0.01% |
Neon Maple US Debt Mergersub Inc (Nuvei Technologies Corp.) | Investment Banking and Brokerage Services | 1st Lien Senior Secured Debt | SF + 3.00% | $3,160 | 3,137 | 3,171 | 0.02% |
TriMech Acquisition Corp. (TriMech) | Software and Computer Services | 1st Lien Senior Secured Debt | P + 3.75% | $3,289 | 164 | 197 | 0.00% |
Aspen Dental Management Inc. (ADMI Corp) (Aspen Dental Management Inc.) | Health Care Providers | 1st Lien Senior Secured Debt | SF + 3.75% | $3,302 | 3,245 | 3,252 | 0.02% |
Life Time, Inc. (Life Time Fitness, Inc) | Travel and Leisure | 1st Lien Senior Secured Debt | SF + 2.50% | $3,318 | 3,310 | 3,335 | 0.02% |
TechInsights Inc. | Technology Hardware and Equipment | 1st Lien Senior Secured Debt | SF + 7.89% | $3,499 | 3,461 | 3,499 | 0.02% |
Goosehead Insurance Holdings LLC (GOOSEHEAD INSURANCE HOLD) | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 3.50% | $3,509 | 3,500 | 3,500 | 0.02% |
Madison Safety & Flow LLC (MADISON SAFETY & FLOW) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 3.25% | $3,679 | 3,670 | 3,711 | 0.02% |
720 East CLO V Ltd (720 East CLO V, Ltd.) | Structured Finance | Structured Finance investments | SF + 6.30% | $4,000 | 4,000 | 4,076 | 0.03% |
Voya CLO Ltd | Structured Finance | Structured Finance investments | SF + 6.00% | $4,000 | 4,000 | 4,103 | 0.03% |
Pareto Health Intermediate Holdings, Inc. | Health Care Providers | 1st Lien Senior Secured Debt | SF + 6.25% | $4,032 | (89) | (40) | 0.00% |
AMMC CLO 21 LTD (American Money Management Corp) | Structured Finance | Structured Finance investments | SF + 6.76% | $4,126 | 3,733 | 4,121 | 0.03% |
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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 December 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.
- Includes “last out” portions of first lien senior secured loans.
- Secured debt at the holding company level.
- Based on FTSE / DJ Industry Classification Benchmark (“ICB”) sector definition. Totals may not sum due to rounding.
- All figures are as of December 31, 2024 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.
- Other includes structured finance investments.