Portfolio Companies7
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
Artisan Bidco, Inc. (Avid Technology, Inc.) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 7.00% | $45,900 | 38,860 | 39,930 | 0.37% |
Shackleton 2019-XV CLO Ltd (Shackleton CLO LTD) | Structured Finance | Structured Finance investments | SF + 6.92% | $3,000 | 2,666 | 3,024 | 0.03% |
Becklar, LLC | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 6.85% | $6,677 | 6,597 | 6,638 | 0.06% |
OCP CLO 2017-14 Ltd | Structured Finance | Structured Finance investments | SF + 6.80% | $1,469 | 1,297 | 1,476 | 0.01% |
AMMC CLO 21 LTD (American Money Management Corp) | Structured Finance | Structured Finance investments | SF + 6.76% | $4,126 | 3,693 | 4,113 | 0.04% |
Bamboo US BidCo LLC (Baxter International Inc.) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 6.75% (incl 3.38% PIK) | $98,040 | 82,872 | 85,582 | 0.79% |
CC WDW Borrower, Inc. (Advantek, LLC) | Technology Hardware and Equipment | 1st Lien Senior Secured Debt | SF + 6.75% | $72,947 | 48,446 | 44,778 | 0.42% |
CRSS HPS LLC (Enhanced Capital) | Asset Based Lending and Fund Finance | 1st Lien Senior Secured Debt | SF + 6.75% | $18,402 | 18,089 | 18,108 | 0.17% |
Cadence - Southwick, Inc. (Cadence Engines) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 6.75% | $52,612 | 47,367 | 48,171 | 0.45% |
Oil Changer Holding Corporation | Automobiles and Parts | 1st Lien Senior Secured Debt | SF + 6.75% | $48,994 | 48,713 | 48,994 | 0.45% |
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% |
WP CPP Holdings, LLC (Consolidated Precision Products) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 6.75% | $26,285 | (602) | (558) | -0.01% |
ARES CLO Ltd | Structured Finance | Structured Finance investments | SF + 6.70% | $5,000 | 5,000 | 4,999 | 0.05% |
Oaktree CLO 2019-4 Ltd | Structured Finance | Structured Finance investments | SF + 6.59% | $3,000 | 2,970 | 2,970 | 0.03% |
Rad CLO Ltd | Structured Finance | Structured Finance investments | SF + 6.51% | $2,500 | 2,504 | 2,512 | 0.02% |
Medallia, Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 6.50% (incl 4.00% PIK) | $77,518 | 77,518 | 77,362 | 0.72% |
Associations Finance, Inc. (ASSOCIATIONS INC.) | Real Estate Investment and Services | 1st Lien Senior Secured Debt | SF + 6.50% | $63,750 | 55,912 | 55,913 | 0.52% |
DS ADMIRAL BIDCO, LLC (Drake Software, LLC) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 6.50% | $9,796 | 8,766 | 8,830 | 0.08% |
IXM Holdings, Inc. (Impact) | Consumer Services | 1st Lien Senior Secured Debt | SF + 6.50% | $22,342 | 18,830 | 19,322 | 0.18% |
LSF12 Donnelly Bidco, LLC (Carlisle Fluid) | Industrial Engineering | 1st Lien Senior Secured Debt | SF + 6.50% | $19,828 | 19,386 | 20,026 | 0.19% |
Octagon 63 Ltd | Structured Finance | Structured Finance investments | SF + 6.50% | $3,000 | 3,000 | 2,977 | 0.03% |
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% |
The One Group, LLC | Travel and Leisure | 1st Lien Senior Secured Debt | SF + 6.50% | $50,920 | 49,418 | 49,417 | 0.46% |
Time Manufacturing Company | Industrial Engineering | 1st Lien Senior Secured Debt | SF + 6.50% | $13,081 | 12,817 | 12,598 | 0.12% |
W3 TopCo LLC (Total Safety) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 6.50% | $89,928 | 86,470 | 86,469 | 0.80% |
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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.