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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
|
---|---|---|---|---|---|---|---|
AI Learning (Singapore) PTE. LTD. (The Learning Lab) | Consumer Services | 1st Lien Senior Secured Debt | SORA + 8.25% (incl 4.00% PIK) | SDG 45,400 | 32,917 | 34,238 | 0.25% |
Oranje Holdco, Inc. (KnowBe4, Inc.) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 7.50% | $38,494 | 33,156 | 33,499 | 0.25% |
Higginbotham Insurance Agency Inc (HIGGINBOTHAM INSURANCE AGENCY, INC.) | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 4.50% | $32,044 | 31,783 | 32,044 | 0.24% |
IP Operations II Investco, LLC (IP ERCOT BESS) | Electricity | 1st Lien Senior Secured Debt | SF + 5.50% | $64,885 | 31,630 | 31,924 | 0.23% |
International Entertainment Investments Ltd (Ambassador Theatre Group Ltd) | Media | 1st Lien Senior Secured Debt | SF + 7.00% | $35,558 | 29,655 | 30,834 | 0.23% |
Denali Bidco Limited (Once For All) | Software and Computer Services | 1st Lien Senior Secured Debt | SN + 6.00% | £37,822 | 28,471 | 30,790 | 0.23% |
Fastener Distribution Holdings, LLC (FDH Aero) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 6.50% | $30,577 | 30,397 | 30,577 | 0.22% |
MAI Capital Management Intermediate LLC (MAI Capital Management) | Investment Banking and Brokerage Services | 1st Lien Senior Secured Debt | SF + 4.75% | $50,000 | 29,762 | 29,764 | 0.22% |
ASDAM Operations Pty Ltd | Aerospace and Defense | 1st Lien Senior Secured Debt | B + 5.50% | AUD 45,172 | 30,423 | 29,728 | 0.22% |
Technology Growth Capital Pty Ltd (Nitro Software Inc) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 6.50% | $30,127 | 29,344 | 29,665 | 0.22% |
Travelex Issuerco 2 PLC (Travelex) | Investment Banking and Brokerage Services | 1st Lien Senior Secured Debt | SN + 8.00% | £22,729 | 26,957 | 29,632 | 0.22% |
Spanx, LLC | Personal Goods | 1st Lien Senior Secured Debt | SF + 5.25% | $29,175 | 28,821 | 29,175 | 0.21% |
Staples, Inc. (Staples Inc) | Retailers | 1st Lien Senior Secured Debt | SF + 5.75% | $31,264 | 29,906 | 29,026 | 0.21% |
IP Operating Portfolio I, LLC (Intersect Power) | Electricity | 1st Lien Senior Secured Debt | 7.88% | $27,206 | 26,765 | 27,206 | 0.20% |
Alchemy US Holdco 1 LLC (Kymera International) | Industrial Metals and Mining | 1st Lien Senior Secured Debt | E + 6.50% | €25,766 | 26,723 | 27,131 | 0.20% |
IG Investments Holdings, LLC (Insight Global) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 6.00% | $26,115 | 25,874 | 26,011 | 0.19% |
Sig Parent Holdings, LLC (Sunstar Insurance Group LLC) | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 5.00% | $44,657 | 26,171 | 25,954 | 0.19% |
Braya Renewable Fuels (Newfoundland) LP | Alternative Energy | 1st Lien Senior Secured Debt | SF + 7.00% | $26,320 | 25,936 | 25,934 | 0.19% |
CPI Buyer, LLC (Antylia Scientific) | Pharmaceuticals and Biotechnology | 1st Lien Senior Secured Debt | SF + 5.50% | $28,216 | 25,837 | 25,869 | 0.19% |
Patriot Growth Insurance Services, LLC | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 5.00% | $26,046 | 25,033 | 25,578 | 0.19% |
NBG Acquisition Corp. (Nexus Brands Group) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 5.25% | $27,382 | 26,733 | 25,575 | 0.19% |
Calabrio, Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.50% | $25,521 | 25,473 | 25,521 | 0.19% |
BP Purchaser, LLC (BOX Partners) | General Industrials | 1st Lien Senior Secured Debt | SF + 5.50% | $27,303 | 26,969 | 25,516 | 0.19% |
Huskies Parent, Inc. (Insurity LLC) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.50% | $25,962 | 25,129 | 25,138 | 0.18% |
Sunzia UpperCo LLC (Pattern Energy Group) | Electricity | 1st Lien Senior Secured Debt | SF + 5.00% | $25,000 | 24,866 | 24,975 | 0.18% |
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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.