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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
|
---|---|---|---|---|---|---|---|
Baart Programs, Inc. | Health Care Providers | 1st Lien Senior Secured Debt | SF + 5.00% | $10,045 | 9,992 | 9,535 | 0.07% |
Peraton Inc. (Peraton) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.75% | $9,990 | 9,914 | 9,636 | 0.07% |
Syneos Health Inc (Syneos Health) | Pharmaceuticals and Biotechnology | 1st Lien Senior Secured Debt | SF + 3.75% | $9,950 | 9,969 | 9,696 | 0.07% |
SLF V AD1 Holdings, LLC (AD1 Global) | Travel and Leisure | Equity and other investments | $10,101 | 9,891 | 9,812 | 0.08% | |
Fertitta Entertainment LLC/NV (Golden Nugget Inc) | Travel and Leisure | 1st Lien Senior Secured Debt | SF + 3.75% | $9,878 | 9,623 | 9,862 | 0.08% |
Mitchell International, Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.25% | $10,000 | 9,952 | 9,865 | 0.08% |
UKG Inc (Ultimate Software Group) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.25% | $9,902 | 9,892 | 9,915 | 0.08% |
Wec US Holdings Ltd (Westinghouse) | Industrial Engineering | 1st Lien Senior Secured Debt | SF + 2.75% | $10,000 | 9,929 | 10,009 | 0.08% |
White Cap Buyer, LLC (WHITE CAP BUYER LLC) | Retailers | 1st Lien Senior Secured Debt | SF + 3.25% | $10,793 | 10,737 | 10,727 | 0.08% |
Clarios Global LP (Clarios) | Automobiles and Parts | 1st Lien Senior Secured Debt | SF + 2.50% | $10,723 | 10,675 | 10,741 | 0.08% |
McGraw-Hill Education Inc (McGraw-Hill Education) | Media | 1st Lien Senior Secured Debt | SF + 4.00% | $10,862 | 10,712 | 10,916 | 0.08% |
Zelis Payments Buyer, Inc. (ZelisRedCard) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 2.75% | $10,939 | 10,891 | 10,945 | 0.08% |
HUB International Ltd (HUB International Holdings Inc) | Non-life Insurance | 1st Lien Senior Secured Debt | 7.25% | $10,517 | 10,517 | 10,971 | 0.08% |
Time Manufacturing Company | Industrial Engineering | 1st Lien Senior Secured Debt | SF + 6.50% (incl 2.00% PIK) | $13,081 | 12,363 | 11,049 | 0.09% |
LOCI Bidco Limited (Law Business Research) | Media | 1st Lien Senior Secured Debt | SF + 5.25% | $58,407 | 10,674 | 11,462 | 0.09% |
Galaxy US Opco Inc. (Vialto Partners) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 4.75% | $13,805 | 13,569 | 11,617 | 0.09% |
Osaic Holdings Inc (Advisor Group Holdings, Inc) | Investment Banking and Brokerage Services | 1st Lien Senior Secured Debt | SF + 4.00% | $11,823 | 11,778 | 11,710 | 0.09% |
S&S Holdings LLC | Personal Goods | 1st Lien Senior Secured Debt | SF + 5.00% | $12,000 | 11,820 | 11,858 | 0.09% |
Associations Finance, Inc. (ASSOCIATIONS INC.) | Real Estate Investment and Services | Unsecured Debt | 14.25% PIK | $11,927 | 11,875 | 11,927 | 0.09% |
Project Ruby Ultimate Parent Corp (Wellsky) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.25% | $12,163 | 12,061 | 12,159 | 0.09% |
TK Elevator US Newco Inc (TK Elevator) | Industrial Engineering | 1st Lien Senior Secured Debt | SF + 3.50% | $12,479 | 12,337 | 12,518 | 0.10% |
Time Manufacturing Company | Industrial Engineering | 1st Lien Senior Secured Debt | E + 6.50% (incl 2.00% PIK) | €13,138 | 14,320 | 12,885 | 0.10% |
Vaco Holdings LLC | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 5.00% | $13,137 | 13,095 | 12,927 | 0.10% |
TIH Insurance Holdings LLC (Truist Insurance Holding) | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 3.25% | $13,333 | 13,302 | 13,335 | 0.10% |
Barracuda Networks, Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 4.50% | $13,757 | 13,469 | 13,408 | 0.10% |
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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 September 30, 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 August 31, 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 September 30, 2024 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.