Portfolio Companies7
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
Accession Risk Management Group, Inc. (Business Risk Strategies Ltd) | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 6.00% | $7,988 | 6,017 | 6,110 | 0.06% |
BLY US Holdings Inc. (Boart Longyear Management) | Industrial Metals and Mining | 1st Lien Senior Secured Debt | SF + 6.00% | $61,908 | 60,391 | 60,403 | 0.56% |
Bamboo US BidCo LLC (Baxter International Inc.) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 6.00% | $21,254 | (566) | (31) | 0.00% |
Bright Light Buyer, Inc. (Chauvet Lighting) | General Industrials | 1st Lien Senior Secured Debt | SF + 6.00% | $74,813 | 73,117 | 74,914 | 0.69% |
Camin Cargo Control Holdings, Inc. (Camin Cargo) | Oil, Gas and Coal | 1st Lien Senior Secured Debt | SF + 6.00% | $59,885 | 46,915 | 48,273 | 0.45% |
Cube Industrials Buyer, Inc. (Circor International Inc.) | General Industrials | 1st Lien Senior Secured Debt | SF + 6.00% | $54,750 | 48,338 | 49,577 | 0.46% |
Express Wash Concepts, LLC (Express Wash Concepts) | Consumer Services | 1st Lien Senior Secured Debt | SF + 6.00% | $73,568 | 73,129 | 73,813 | 0.68% |
Integrity Marketing Acquisition LLC (Integrity Marketing Group) | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 6.00% | $5,825 | 2,014 | 2,064 | 0.02% |
MB2 Dental Solutions, LLC | Health Care Providers | 1st Lien Senior Secured Debt | SF + 6.00% | $242,558 | 152,847 | 157,700 | 1.46% |
More Cowbell II, LLC (Standish) | Investment Banking and Brokerage Services | 1st Lien Senior Secured Debt | SF + 6.00% | $63,290 | 49,080 | 50,216 | 0.47% |
OCP CLO 2024-33 Ltd | Structured Finance | Structured Finance investments | SF + 6.00% | $5,000 | 5,000 | 5,000 | 0.05% |
Parfums Holding Co Inc (PDC Wellness) | Personal Care, Drug and Grocery Stores | 1st Lien Senior Secured Debt | SF + 6.00% | $16,413 | 15,348 | 16,649 | 0.15% |
Resonetics, LLC | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 6.00% | $63,354 | 61,731 | 65,255 | 0.61% |
Royal Buyer, LLC (Kings III of America, LLC) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 6.00% | $154,809 | 121,217 | 122,989 | 1.14% |
SUGAR PPC BUYER LLC (Sugar Foods Corporation) | Food Producers | 1st Lien Senior Secured Debt | SF + 6.00% | $76,087 | 74,526 | 76,848 | 0.71% |
Specialty Ingredients, LLC (Parker Products Holdings, LLC) | Food Producers | 1st Lien Senior Secured Debt | SF + 6.00% | $100,853 | 94,852 | 96,341 | 0.89% |
TMC Buyer Inc (Terra Millennium) | General Industrials | 1st Lien Senior Secured Debt | SF + 6.00% | $69,797 | 63,162 | 69,797 | 0.65% |
The One Group, LLC | Travel and Leisure | 1st Lien Senior Secured Debt | SF + 6.00% | $6,649 | (196) | (196) | 0.00% |
Tivity Health Inc | Health Care Providers | 1st Lien Senior Secured Debt | SF + 6.00% | $110,871 | 108,840 | 110,871 | 1.03% |
Aventine Intermediate LLC (Blackstone Media) | Media | 1st Lien Senior Secured Debt | SF + 6.00% (incl 4.00% PIK) | $20,143 | 19,924 | 19,550 | 0.18% |
Integrity Marketing Acquisition LLC (Integrity Marketing Group) | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 6.02% | $77,471 | 76,917 | 77,471 | 0.72% |
Bain Capital Credit CLO 2024-3 Ltd (Bain Capital Credit CLO, Limit) | Structured Finance | Structured Finance investments | SF + 6.25% | $2,000 | 2,000 | 2,000 | 0.02% |
Cadence - Southwick, Inc. (Cadence Engines) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 6.25% | $3,104 | 3,047 | 3,112 | 0.03% |
New Era Technology, Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 6.25% | $19,161 | 19,161 | 18,946 | 0.18% |
Pareto Health Intermediate Holdings, Inc. | Health Care Providers | 1st Lien Senior Secured Debt | SF + 6.25% | $44,153 | 38,988 | 40,522 | 0.38% |
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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 other secured investments.
- All figures are as of May 31, 2024 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.