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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
|
---|---|---|---|---|---|---|---|
Life Time, Inc. (Life Time Fitness, Inc) | Travel and Leisure | 1st Lien Senior Secured Debt | SF + 2.50% | $3,318 | 3,310 | 3,319 | 0.02% |
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% |
TechInsights Inc. | Technology Hardware and Equipment | 1st Lien Senior Secured Debt | SF + 7.89% | $3,508 | 3,467 | 3,508 | 0.03% |
Johnstone Supply LLC | Retailers | 1st Lien Senior Secured Debt | SF + 3.00% | $3,636 | 3,628 | 3,636 | 0.03% |
Galaxy US Opco Inc (Vialto Partners) | Industrial Support Services | 2nd Lien Senior Secured Debt | SF + 8.25% | $9,000 | 8,832 | 3,658 | 0.03% |
Madison Safety & Flow LLC (MADISON SAFETY & FLOW) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 3.25% | $3,689 | 3,679 | 3,708 | 0.03% |
Grant Thornton LLP (Grant Thornton) | Consumer Services | 1st Lien Senior Secured Debt | SF + 3.25% | $3,750 | 3,750 | 3,756 | 0.03% |
SDC US Smilepay SPV (SmileDirectClub) | Medical Equipment and Services | 1st Lien Senior Secured Debt | P + 9.75% | $15,706 | 9,355 | 3,968 | 0.03% |
Asurion Corporation (Asurion) | Consumer Services | 2nd Lien Senior Secured Debt | SF + 5.25% | $4,132 | 4,101 | 3,994 | 0.03% |
Voya CLO Ltd | Structured Finance | Structured Finance investments | SF + 6.00% | $4,000 | 4,000 | 3,999 | 0.03% |
720 East CLO V Ltd (720 East CLO V, Ltd.) | Structured Finance | Structured Finance investments | SF + 6.30% | $4,000 | 4,000 | 4,044 | 0.03% |
AMMC CLO 21 LTD (American Money Management Corp) | Structured Finance | Structured Finance investments | SF + 6.76% | $4,126 | 3,722 | 4,120 | 0.03% |
WP CPP Holdings, LLC (Consolidated Precision Products) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 6.75% | $26,285 | 3,649 | 4,206 | 0.03% |
Bottomline Technologies, Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.25% | $4,908 | 4,490 | 4,523 | 0.03% |
Barings CLO Ltd 2024-IV (Babson CLO Ltd) | Structured Finance | Structured Finance investments | SF + 5.95% | $4,500 | 4,500 | 4,590 | 0.03% |
Southern Veterinary Partners LLC (Southern Veterinary Partners) | Health Care Providers | 1st Lien Senior Secured Debt | SF + 3.25% | $4,673 | 4,650 | 4,661 | 0.03% |
Benefit Street Partners CLO XXXVI Ltd (Benefit Street Partners CLO Lt) | Structured Finance | Structured Finance investments | SF + 5.50% | $4,750 | 4,750 | 4,750 | 0.03% |
Monroe Capital Mml Clo XVII Ltd (Monroe Capital MML CLO) | Structured Finance | Structured Finance investments | SF + 7.91% | $5,000 | 4,900 | 4,900 | 0.04% |
Zelis Payments Buyer, Inc. (ZelisRedCard) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.25% | $5,000 | 4,975 | 4,984 | 0.04% |
LMI Inc/DE (Liftoff / Vungle) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.50% | $5,216 | 5,196 | 5,017 | 0.04% |
Onex Clo Subsidiary 2024-3 Ltd (OCP CLO 2024-33 Ltd) | Structured Finance | Structured Finance investments | SF + 6.00% | $5,000 | 5,000 | 5,051 | 0.04% |
ARES CLO Ltd | Structured Finance | Structured Finance investments | SF + 6.70% | $5,000 | 5,000 | 5,059 | 0.04% |
Octagon 52 Ltd (Octagon Investment Partners 52) | Structured Finance | Structured Finance investments | SF + 7.33% | $5,000 | 4,951 | 5,132 | 0.04% |
Southern Graphics Inc. | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 7.50% PIK | $5,511 | 5,362 | 5,511 | 0.04% |
Thunder Generation Funding LLC (THUNDER GENERATION) | Electricity | 1st Lien Senior Secured Debt | SF + 3.00% | $5,882 | 5,853 | 5,896 | 0.04% |
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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.