Watch a replay of the HPS Corporate Lending Fund First Quarter 2023 Shareholder Update
Portfolio Companies7
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
ABB/CON-CISE Optical Group LLC (ABB Optical) | Medical Equipment and Services | 1st Lien Senior Secured | L + 7.50% | $ 22,415 | $ 21,932 | $ 21,132 | 0.30% |
PCP CW Aggregator Holdings II, L.P. (CardWorks, Inc.) | Finance and Credit Services | 1st Lien Senior Secured | L + 7.25% | $ 18,186 | $ 17,899 | $ 17,599 | 0.30% |
Zips Car Wash, LLC | Consumer Services | 1st Lien Senior Secured | L + 7.25% | $ 26,246 | $ 26,233 | $ 25,837 | 0.40% |
Calabrio, Inc. | Software and Computer Services | 1st Lien Senior Secured | L + 7.00% | $ 25,000 | $ 23,848 | $ 23,526 | 0.40% |
Jam City, Inc. | Leisure Goods | 1st Lien Senior Secured | L + 7.00% | $ 2,017 | $ 2,003 | $ 1,990 | 0.00% |
Thrasio LLC (Thras IO Inc) | Consumer Services | 1st Lien Senior Secured | L + 7.00% | $ 2,920 | $ 2,910 | $ 2,577 | 0.00% |
Oil Changer Holding Corporation | Automobiles and Parts | 1st Lien Senior Secured | L + 6.75% | $ 49,497 | $ 49,091 | $ 48,483 | 0.70% |
Regency Entertainment (USA), Inc. | Media | 1st Lien Senior Secured | L + 6.75% | $ 30,000 | $ 29,763 | $ 29,502 | 0.40% |
Shackleton 2019-XV CLO Ltd (Shackleton CLO LTD) | Structured Finance | Structured Finance Investments | L + 6.66% | $ 3,000 | $ 2,619 | $ 2,643 | 0.00% |
TechInsights Inc | Technology Hardware and Equipment | 1st Lien Senior Secured | L + 6.63% | $ 3,562 | $ 3,500 | $ 3,485 | 0.10% |
Medallia, Inc. | Software and Computer Services | 1st Lien Senior Secured | L + 6.50% PIK | $ 74,524 | $ 74,524 | $ 71,804 | 1.10% |
ASSOCIATIONS INC. | Media | 1st Lien Senior Secured | L + 6.50% (incl 2.50% PIK) | $ 610 | $ 604 | $ 606 | 0.00% |
AMMC CLO 21 LTD (American Money Management Corp) | Structured Finance | Structured Finance Investments | L + 6.50% | $ 4,126 | $ 3,620 | $ 3,445 | 0.10% |
ASSOCIATIONS INC. | Media | 1st Lien Senior Secured | L + 6.50% | $ 403 | $ (3) | $ (2) | 0.00% |
Time Manufacturing Holdings, LLC | Industrial Engineering | 1st Lien Senior Secured | L + 6.50% | $ 13,112 | $ 12,438 | $ 12,010 | 0.20% |
Guidehouse Inc. | Industrial Support Services | 1st Lien Senior Secured | L + 6.25% | $ 79,373 | $ 77,963 | $ 77,399 | 1.20% |
New Era Technology, Inc. | Software and Computer Services | 1st Lien Senior Secured | L + 6.25% | $ 19,798 | $ 19,798 | $ 19,256 | 0.30% |
OpenMarket Inc. | Telecommunications Service Providers | 1st Lien Senior Secured | L + 6.25% | $ 4,925 | $ 4,835 | $ 4,833 | 0.10% |
ALM 2020 Ltd (ALM Loan Funding) | Structured Finance | Structured Finance Investments | L + 6.00% | $ 3,330 | $ 3,004 | $ 2,966 | 0.00% |
AxiomSL Group, Inc. | Software and Computer Services | 1st Lien Senior Secured | L + 6.00% | $ 1,556 | $ (7) | $ - | 0.00% |
Catskill Park CLO Ltd | Structured Finance | Structured Finance Investments | L + 6.00% | $ 1,350 | $ 1,214 | $ 1,151 | 0.00% |
IG Investments Holdings, LLC (Insight Global) | Industrial Support Services | 1st Lien Senior Secured | L + 6.00% | $ 26,027 | $ 23,968 | $ 23,722 | 0.40% |
Ammc Clo 20 Ltd (American Money Management Corp) | Structured Finance | Structured Finance Investments | L + 5.81% | $ 950 | $ 892 | $ 891 | 0.00% |
Auctane Inc (Stamps.com Inc.) | Consumer Services | 1st Lien Senior Secured | L + 5.75% | $ 24,750 | $ 24,750 | $ 24,333 | 0.40% |
Patriot Growth Insurance Services, LLC | Non-life Insurance | 1st Lien Senior Secured | L + 5.75% | $ 18,286 | $ 4,010 | $ 4,025 | 0.10% |
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Footnotes
- Computed as (a) the annual stated interest rate or yield plus the annual accretion of discounts or less the annual amortization of premiums, as applicable, on accruing debt included in such securities, divided by (b) total debt investments at fair value included in such securities. 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 include structured finance investments.
- All figures are as of March 31, 2023 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.