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Portfolio Companies7
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
HIGGINBOTHAM INSURANCE AGENCY, INC. | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 5.50% | $32,287 | 26,974 | 27,053 | 0.29% |
BP Purchaser, LLC (BOX Partners) | General Industrials | 1st Lien Senior Secured Debt | SF + 5.50% | $27,513 | 27,121 | 26,805 | 0.28% |
Charlotte Buyer Inc (Kindred Hospice) | Health Care Providers | 1st Lien Senior Secured Debt | SF + 5.25% | $28,560 | 27,186 | 28,675 | 0.30% |
Travelex Issuerco 2 PLC (Travelex) | Investment Banking and Brokerage Services | 1st Lien Senior Secured Debt | SN + 8.00% | £23,256 | 27,429 | 28,971 | 0.31% |
Denali Bidco Limited (Once For All) | Software and Computer Services | 1st Lien Senior Secured Debt | SN + 6.00% | £31,343 | 28,499 | 29,159 | 0.31% |
Spanx, LLC | Personal Goods | 1st Lien Senior Secured Debt | SF + 5.25% | $29,400 | 28,985 | 29,400 | 0.31% |
International Entertainment Investments Ltd (Ambassador Theatre Group Ltd) | Media | 1st Lien Senior Secured Debt | SF + 7.25% | $35,558 | 29,543 | 30,235 | 0.32% |
ALM 2020 Ltd (ALM Loan Funding) | Structured Finance | Structured Finance investments | SF + 6.26% | $3,330 | 3,046 | 3,332 | 0.04% |
Cadence - Southwick, Inc. (Cadence Engines) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 6.00% | $3,112 | 3,052 | 3,052 | 0.03% |
TechInsights Inc. | Technology Hardware and Equipment | 1st Lien Senior Secured Debt | SF + 6.63% | $3,535 | 3,485 | 3,519 | 0.04% |
PECF USS Intermediate Holding III Corp (United Site Services) | Consumer Services | 1st Lien Senior Secured Debt | SF + 4.25% | $3,528 | 3,517 | 2,760 | 0.03% |
AMMC CLO 21 LTD (American Money Management Corp) | Structured Finance | Structured Finance investments | SF + 6.76% | $4,126 | 3,676 | 3,919 | 0.04% |
Verscend Holding Corp. (Verscend Holding Corp) | Finance and Credit Services | 1st Lien Senior Secured Debt | SF + 4.00% | $3,939 | 3,929 | 3,947 | 0.04% |
Acrisure LLC | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 4.50% | $4,000 | 3,962 | 4,030 | 0.04% |
ASDAM Operations Pty Ltd | Aerospace and Defense | 1st Lien Senior Secured Debt | B + 5.75% | AUD 50,593 | 30,220 | 28,370 | 0.30% |
AI Learning (Singapore) PTE. LTD. (The Learning Lab) | Consumer Services | 1st Lien Senior Secured Debt | SORA + 8.25% (incl 4.00% PIK) | SDG 44,063 | 31,752 | 32,377 | 0.34% |
E.S.G. Movilidad, S.L.U. (EYSA) | Industrial Transportation | 1st Lien Senior Secured Debt | E + 6.50% | €30,360 | 31,838 | 32,770 | 0.35% |
ASSOCIATIONS INC. | Media | 1st Lien Senior Secured Debt | SF + 6.50% (incl 2.50% PIK) | $32,934 | 32,733 | 33,264 | 0.35% |
Picard Holdco, Inc. (Citrix) | Software and Computer Services | Preferred Equity | SF + 12.00% (incl 12.00% PIK) | $334 | 325 | 378 | 0.00% |
Oranje Holdco, Inc. (KnowBe4, Inc.) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 7.50% | $38,494 | 33,049 | 33,496 | 0.35% |
Yes Energy LLC | Finance and Credit Services | 1st Lien Senior Secured Debt | BS + 5.00% | $36,000 | 35,320 | 36,000 | 0.38% |
Renaissance Financiere (Ligue de Football) | Media | 1st Lien Senior Secured Debt | E + 7.00% | €34,871 | 35,534 | 37,362 | 0.39% |
Pinnacle Fertility, Inc. | Health Care Providers | 1st Lien Senior Secured Debt | SF + 5.00% | $39,402 | 35,725 | 36,221 | 0.38% |
Integrity Marketing Acquisition LLC (Integrity Marketing Group) | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 6.00% | $5,826 | 354 | 383 | 0.00% |
Club Car Wash Operating, LLC (Club Car Wash) | Consumer Services | 1st Lien Senior Secured Debt | SF + 6.00% | $38,092 | 37,664 | 38,010 | 0.40% |
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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 or amortized cost, as applicable). 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 includes structured finance investments and investments in joint ventures.
- All figures are as of February 29, 2024 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.