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Portfolio Companies7
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
SPOTLESS BRANDS, LLC | Consumer Services | 1st Lien Senior Secured Debt | SF + 6.50% | $148,028 | 140,635 | 141,552 | 1.50% |
Circana Group, LP. (NPD Group) | Media | 1st Lien Senior Secured Debt | SF + 6.25% (incl 2.75% PIK) | $143,570 | 141,418 | 143,330 | 1.51% |
Radwell Parent, LLC | Industrial Engineering | 1st Lien Senior Secured Debt | SF + 6.75% | $167,095 | 149,834 | 156,900 | 1.66% |
PETSMART LLC (PetSmart, Inc.) | Retailers | 1st Lien Senior Secured Debt | SF + 3.75% | $15,394 | 15,313 | 15,359 | 0.16% |
Parfums Holding Co Inc (PDC Wellness) | Personal Care, Drug and Grocery Stores | 1st Lien Senior Secured Debt | SF + 6.00% | $16,625 | 15,416 | 16,594 | 0.18% |
Mav Acquisition Corporation (McGraw-Hill Education) | Media | 1st Lien Senior Secured Debt | SF + 4.75% | $15,724 | 15,522 | 15,686 | 0.17% |
Vermont Aus Pty Ltd (Greencross Vets) | Personal Care, Drug and Grocery Stores | 1st Lien Senior Secured Debt | SF + 5.65% | $15,866 | 15,584 | 15,788 | 0.17% |
MB2 Dental Solutions, LLC | Health Care Providers | 1st Lien Senior Secured Debt | SF + 6.00% | $256,467 | 152,450 | 152,469 | 1.61% |
Zendesk Inc (Zendesk, Inc.) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 6.25% | $218,640 | 157,899 | 162,507 | 1.72% |
ULTRA III, LLC (Unitranche Holdings III, LLC) | Joint Ventures | Joint Ventures | $400,000 | 158,113 | 158,961 | 1.68% | |
CLUB CAR WASH PREFERRED, LLC (Wildcat Car Wash) | Consumer Services | Preferred Equity | 15.00% PIK | $19,474 | 16,225 | 16,225 | 0.17% |
Mitchell Topo Holdings Inc | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.75% | $16,604 | 16,388 | 16,549 | 0.17% |
Meriplex Communications, LTD | Telecommunications Service Providers | 1st Lien Senior Secured Debt | SF + 5.00% | $19,857 | 16,498 | 16,278 | 0.17% |
Armstrong Bidco Limited (Access Group) | Software and Computer Services | 1st Lien Senior Secured Debt | SN + 5.25% | £139,986 | 165,784 | 178,486 | 1.89% |
Phoenix Newco Inc (Parexel Intl Corp) | Health Care Providers | 1st Lien Senior Secured Debt | SF + 3.25% | $17,567 | 17,472 | 17,573 | 0.19% |
Roper Industrial Products Investment Co (Indicor) | Industrial Engineering | 1st Lien Senior Secured Debt | SF + 4.00% | $18,044 | 17,503 | 18,125 | 0.19% |
Patriot Growth Insurance Services LLC | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 5.75% | $19,036 | 17,927 | 18,214 | 0.19% |
Braya Renewable Fuels (Newfoundland) LP | Alternative Energy | 1st Lien Senior Secured Debt | SF + 6.50% | $19,428 | 17,938 | 18,013 | 0.19% |
IXM Holdings, Inc. (Impact) | Consumer Services | 1st Lien Senior Secured Debt | SF + 6.50% | $22,388 | 18,241 | 18,242 | 0.19% |
User Zoom Technologies, Inc. (User Testing, Inc.) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 7.00% | $18,948 | 18,656 | 18,945 | 0.20% |
Alliant Holdings Intermediate, LLC (Alliant Ins Services Inc.) | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 3.50% | $18,839 | 18,718 | 18,868 | 0.20% |
International Entertainment Investments Ltd (Ambassador Theatre Group Ltd) | Media | 1st Lien Senior Secured Debt | SN + 7.65% | £15,493 | 18,804 | 19,425 | 0.21% |
Smarsh Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.75% | $22,500 | 18,957 | 19,286 | 0.20% |
WP CPP Holdings, LLC (Consolidated Precision Products) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 7.50% (incl 4.13% PIK) | $187,888 | 183,387 | 183,384 | 1.94% |
Guidehouse Inc. | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 5.75% (incl 2.00% PIK) | $187,078 | 184,591 | 184,810 | 1.95% |
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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 joint ventures.
- All figures are as of February 29, 2024 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.