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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
|
---|---|---|---|---|---|---|---|
2080 Media, Inc. (PlayOn Sports) | Media | 1st Lien Senior Secured Debt | SF + 5.25% | $99,114 | 67,237 | 68,431 | 0.50% |
AMR GP Limited (Aston Martin Formula 1 Team) | Media | 1st Lien Senior Secured Debt | 10.00% | $1,017 | 987 | 989 | 0.01% |
Arc Media Holdings Limited | Media | 1st Lien Senior Secured Debt | SF + 7.25% | $42,680 | 41,051 | 41,268 | 0.30% |
Aventine Intermediate LLC (Blackstone Media) | Media | 1st Lien Senior Secured Debt | SF + 6.00% (incl 4.00% PIK) | $20,561 | 20,373 | 19,921 | 0.15% |
IEHL US Holdings, Inc. (Ambassador Theatre Group Ltd) | Media | 1st Lien Senior Secured Debt | SF + 7.00% | $6,604 | 6,450 | 6,670 | 0.05% |
International Entertainment Investments Ltd (Ambassador Theatre Group Ltd) | Media | 1st Lien Senior Secured Debt | E + 7.00% | €5,588 | 5,925 | 6,141 | 0.05% |
International Entertainment Investments Ltd (Ambassador Theatre Group Ltd) | Media | 1st Lien Senior Secured Debt | SN + 7.40% | £15,493 | 18,864 | 20,180 | 0.15% |
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% |
LOCI Bidco Limited (Law Business Research) | Media | 1st Lien Senior Secured Debt | SN + 5.25% | £73,522 | 91,235 | 93,755 | 0.69% |
LOCI Bidco Limited (Law Business Research) | Media | 1st Lien Senior Secured Debt | SF + 5.25% | $58,407 | 10,685 | 11,442 | 0.08% |
McGraw-Hill Education Inc (McGraw-Hill Education) | Media | 1st Lien Senior Secured Debt | SF + 4.00% | $10,449 | 10,307 | 10,509 | 0.08% |
OneTeam Partners, LLC (OneTeam Partners) | Media | Preferred Equity | 8.00% | $1,000 | 1,000 | 1,194 | 0.01% |
Racing Point UK Holdings Limited (Aston Martin Formula 1 Team) | Media | Equity and other investments | $10 | 1,008 | 1,005 | 0.01% | |
Renaissance Holding Corp. (Renaissance Learning, Inc.) | Media | 1st Lien Senior Secured Debt | SF + 4.25% | $7,920 | 7,779 | 7,946 | 0.06% |
ABB/CON-CISE Optical Group LLC (ABB Optical) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 7.50% | $21,259 | 20,948 | 19,546 | 0.14% |
Bamboo US BidCo LLC (Baxter International Inc.) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 6.75% (incl 3.38% PIK) | $99,122 | 88,647 | 91,358 | 0.67% |
Coding Solutions Acquisition, Inc. (CorroHealth) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 5.00% | $195,006 | 154,003 | 154,051 | 1.13% |
DCA Acquisition Holdings LLC (Dental Care Alliance) | Medical Equipment and Services | Unsecured Debt | 13.13% PIK | $1,456 | 1,435 | 1,198 | 0.01% |
Femur Buyer, Inc. (Orchid Orthopedic Solutions, LLC) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 7.50% | $13,350 | (29) | (338) | 0.00% |
Resonetics, LLC | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 3.75% | $38,637 | 38,545 | 38,783 | 0.29% |
SDC US Smilepay SPV (SmileDirectClub) | Medical Equipment and Services | 1st Lien Senior Secured Debt | P + 9.75% | $15,706 | 9,355 | 3,968 | 0.03% |
TecoStar Holdings Inc (Tecomet Inc) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 8.50% (incl 4.50% PIK) | $125,455 | 123,147 | 123,680 | 0.91% |
Viant Medical Holdings, Inc. (Viant) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 4.00% | $17,500 | 15,674 | 15,842 | 0.12% |
Vital Care Buyer, LLC (Vital Care Inc) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 4.75% | $103,533 | 89,265 | 90,565 | 0.67% |
Zeus Company LLC (Zeus Company Inc.) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 5.50% | $168,385 | 127,268 | 131,031 | 0.96% |
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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.