Portfolio Companies8,9
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
Employbridge, LLC (Employbridge LLC) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 4.75% | $9,707 | 9,675 | 6,450 | 0.04% |
LHS Borrower LLC (Leaf Home Solutions LLC) | Household Goods and Home Construction | 1st Lien Senior Secured Debt | SF + 4.75% | $6,876 | 6,835 | 6,589 | 0.04% |
IEHL US Holdings, Inc. (Ambassador Theatre Group Ltd) | Media | 1st Lien Senior Secured Debt | SF + 7.00% | $6,604 | 6,455 | 6,670 | 0.04% |
Grant Thornton LLP (Grant Thornton) | Consumer Services | 1st Lien Senior Secured Debt | SF + 2.75% | $7,241 | 6,860 | 6,871 | 0.04% |
Apex Group Treasury LLC (Apex Group) | Investment Banking and Brokerage Services | 1st Lien Senior Secured Debt | SF + 4.00% | $6,912 | 6,834 | 6,984 | 0.04% |
CCO Holdings LLC / CCO Holdings Capital Corp (Charter Communications Inc) | Telecommunications Service Providers | Unsecured Debt | 5.50% | $7,000 | 7,041 | 6,986 | 0.04% |
Aspire Bakeries Holdings LLC (Aspire Bakeries) | Food Producers | 1st Lien Senior Secured Debt | SF + 4.25% | $7,299 | 7,263 | 7,381 | 0.05% |
Directv Financing, LLC | Telecommunications Service Providers | 1st Lien Senior Secured Debt | SF + 5.00% | $7,360 | 7,274 | 7,398 | 0.05% |
Allied Universal Holdco LLC (Allied Universal) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 3.75% | $7,459 | 7,431 | 7,492 | 0.05% |
AmWINS Group Inc (AmWINS Group, Inc.) | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 2.25% | $7,497 | 7,475 | 7,528 | 0.05% |
Planet US Buyer LLC (Wood Mackenzie, Inc.) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 3.00% | $7,463 | 7,446 | 7,536 | 0.05% |
Cloud Software Group Inc (Citrix) | Software and Computer Services | 1st Lien Senior Secured Debt | 6.50% | $7,740 | 6,881 | 7,607 | 0.05% |
Ascensus Holdings, Inc. (AqGen Ascensus, Inc.) | Investment Banking and Brokerage Services | 1st Lien Senior Secured Debt | SF + 3.00% | $7,563 | 7,515 | 7,639 | 0.05% |
McAfee Corp (McAfee Consumer) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.00% | $7,840 | 7,819 | 7,857 | 0.05% |
Renaissance Holding Corp. (Renaissance Learning, Inc.) | Media | 1st Lien Senior Secured Debt | SF + 4.00% | $7,900 | 7,764 | 7,891 | 0.05% |
Guardian US Holdco LLC (Intrado Safety) | Telecommunications Equipment | 1st Lien Senior Secured Debt | SF + 3.50% | $7,880 | 7,763 | 7,906 | 0.05% |
PremiStar | Retailers | 1st Lien Senior Secured Debt | SF + 4.25% | $7,980 | 7,980 | 7,980 | 0.05% |
TTF Lower Intermediate LLC (Soliant) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 3.75% | $8,249 | 8,172 | 8,208 | 0.05% |
TruGreen Limited Partnership (Tru Green LP) | Consumer Services | 1st Lien Senior Secured Debt | SF + 4.00% | $8,487 | 8,423 | 8,285 | 0.05% |
Acuris Finance US, Inc (ION Analytics) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 3.75% | $8,362 | 8,242 | 8,427 | 0.05% |
RAPID EXPRESS PREFERRED, LLC (Wildcat Car Wash) | Consumer Services | Preferred Equity | 15.00% PIK | $8,653 | 8,653 | 8,653 | 0.05% |
Altar Bidco Inc (Brooks Automation) | Technology Hardware and Equipment | 1st Lien Senior Secured Debt | SF + 3.10% | $8,780 | 8,734 | 8,774 | 0.05% |
Creek Feeder, L.P. (Catalent Inc.) | Pharmaceuticals and Biotechnology | Equity and other investments | $9,000 | 9,000 | 9,000 | 0.06% | |
SLF V AD1 Holdings, LLC (AD1 Global) | Travel and Leisure | Equity and other investments | $10,101 | 9,891 | 9,514 | 0.06% | |
Foundation Automotive Corp (Foundation Automotive US Corp) | Automobiles and Parts | 1st Lien Senior Secured Debt | SF + 7.75% | $15,156 | 15,032 | 9,597 | 0.06% |
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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 December 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.
- Includes “last out” portions of first lien senior secured loans.
- Secured debt at the holding company level.
- Based on FTSE / DJ Industry Classification Benchmark (“ICB”) sector definition. Totals may not sum due to rounding.
- All figures are as of December 31, 2024 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.
- Other includes structured finance investments.