ý | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
¨ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Maryland | 06-1798488 | |||||||
(State or other jurisdiction of | (I.R.S. Employer | |||||||
incorporation or organization) | Identification No.) | |||||||
300 South Tryon Street, Suite 2500 Charlotte, North Carolina | 28202 | |||||||
(Address of principal executive offices) | (Zip Code) |
Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | ||||||
Common Stock, par value $0.001 per share | BBDC | The New York Stock Exchange |
Large accelerated filer | ¨ | Accelerated filer | ¨ | ||||||||
Non-accelerated filer | ý | Smaller reporting company | ¨ | ||||||||
Emerging growth company | ¨ | ||||||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ¨ |
Page | ||||||||
PART I – FINANCIAL INFORMATION | ||||||||
Item 1. | ||||||||
Unaudited Consolidated Balance Sheet as of March 31, 2022 and Consolidated Balance Sheet as of December 31, 2021 | ||||||||
Unaudited Consolidated Statements of Changes in Net Assets for the Three Months Ended March 31, 2022 and 2021 | ||||||||
Unaudited Consolidated Schedule of Investments as of March 31, 2022 | ||||||||
Consolidated Schedule of Investments as of December 31, 2021 | ||||||||
Item 2. | ||||||||
Item 3. | ||||||||
Item 4. | ||||||||
PART II – OTHER INFORMATION | ||||||||
Item 1. | ||||||||
Item 1A. | ||||||||
Item 2. | ||||||||
Item 3. | ||||||||
Item 4. | ||||||||
Item 5. | ||||||||
Item 6. | ||||||||
March 31, 2022 | December 31, 2021 | ||||||||||
(Unaudited) | |||||||||||
Assets: | |||||||||||
Investments at fair value: | |||||||||||
Non-Control / Non-Affiliate investments (cost of $1,950,064 and $1,494,031 as of March 31, 2022 and December 31, 2021, respectively) | $ | 1,917,558 | $ | 1,490,113 | |||||||
Affiliate investments (cost of $336,327 and $267,967 as of March 31, 2022 and December 31, 2021, respectively) | 364,753 | 288,069 | |||||||||
Control investments (cost of $105,210 and $25,826 as of March 31, 2022 and December 31, 2021, respectively) | 121,114 | 22,412 | |||||||||
Total investments at fair value | 2,403,425 | 1,800,594 | |||||||||
Cash | 106,400 | 49,987 | |||||||||
Foreign currencies (cost of $47,990 and $34,069 as of March 31, 2022 and December 31, 2021, respectively) | 48,031 | 34,266 | |||||||||
Interest and fees receivable | 43,096 | 33,645 | |||||||||
Prepaid expenses and other assets | 2,662 | 4,297 | |||||||||
Credit support agreements (cost of $58,000 and $13,600 as of March 31, 2022 and December 31, 2021, respectively) | 59,400 | 15,400 | |||||||||
Deferred financing fees | 4,102 | 2,985 | |||||||||
Receivable from unsettled transactions | 182,294 | 219,732 | |||||||||
Total assets | $ | 2,849,410 | $ | 2,160,906 | |||||||
Liabilities: | |||||||||||
Accounts payable and accrued liabilities | $ | 10,444 | $ | 2,341 | |||||||
Interest payable | 10,450 | 5,704 | |||||||||
Administrative fees payable | 973 | 750 | |||||||||
Base management fees payable | 5,872 | 5,422 | |||||||||
Incentive management fees payable | 4,754 | 4,067 | |||||||||
Derivative liabilities | 3,108 | 1,160 | |||||||||
Payable from unsettled transactions | 21,195 | 26,786 | |||||||||
Borrowings under credit facilities | 757,217 | 655,189 | |||||||||
Notes payable (net of deferred financing fees) | 717,841 | 717,556 | |||||||||
Total liabilities | 1,531,854 | 1,418,975 | |||||||||
Commitments and contingencies (Note 7) | |||||||||||
Net Assets: | |||||||||||
Common stock, $0.001 par value per share (150,000,000 shares authorized, 111,095,334 and 65,316,085 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively) | 111 | 65 | |||||||||
Additional paid-in capital | 1,597,257 | 1,027,687 | |||||||||
Total distributable earnings (loss) | (279,812) | (285,821) | |||||||||
Total net assets | 1,317,556 | 741,931 | |||||||||
Total liabilities and net assets | $ | 2,849,410 | $ | 2,160,906 | |||||||
Net asset value per share | $ | 11.86 | $ | 11.36 |
Three Months Ended | Three Months Ended | ||||||||||
March 31, 2022 | March 31, 2021 | ||||||||||
Investment income: | |||||||||||
Interest income: | |||||||||||
Non-Control / Non-Affiliate investments | $ | 31,624 | $ | 25,096 | |||||||
Affiliate investments | 172 | — | |||||||||
Control investments | 273 | 107 | |||||||||
Short-term investments | — | 11 | |||||||||
Total interest income | 32,069 | 25,214 | |||||||||
Dividend income: | |||||||||||
Non-Control / Non-Affiliate investments | 123 | — | |||||||||
Affiliate investments | 7,570 | 72 | |||||||||
Total dividend income | 7,693 | 72 | |||||||||
Fee and other income: | |||||||||||
Non-Control / Non-Affiliate investments | 2,223 | 1,973 | |||||||||
Affiliate investments | 13 | — | |||||||||
Control investments | (1,039) | 160 | |||||||||
Total fee and other income | 1,197 | 2,133 | |||||||||
Payment-in-kind interest income: | |||||||||||
Non-Control / Non-Affiliate investments | 2,287 | 3,037 | |||||||||
Affiliate investments | 44 | 136 | |||||||||
Control investments | 467 | — | |||||||||
Total payment-in-kind interest income | 2,798 | 3,173 | |||||||||
Interest income from cash | — | 1 | |||||||||
Total investment income | 43,757 | 30,593 | |||||||||
Operating expenses: | |||||||||||
Interest and other financing fees | 11,661 | 7,285 | |||||||||
Base management fee (Note 2) | 5,872 | 3,929 | |||||||||
Incentive management fees (Note 2) | 4,754 | 2,722 | |||||||||
General and administrative expenses (Note 2) | 2,455 | 2,301 | |||||||||
Total operating expenses | 24,742 | 16,237 | |||||||||
Net investment income before taxes | 19,015 | 14,356 | |||||||||
Income taxes, including excise tax expense | 6 | (18) | |||||||||
Net investment income after taxes | 19,009 | 14,374 | |||||||||
Barings BDC, Inc. Unaudited Consolidated Statements of Operations — (Continued) (in thousands, except share and per share data) | |||||||||||
Three Months Ended | Three Months Ended | ||||||||||
March 31, 2022 | March 31, 2021 | ||||||||||
Realized gains (losses) and unrealized appreciation (depreciation) on investments, credit support agreements and foreign currency transactions: | |||||||||||
Net realized gains (losses): | |||||||||||
Non-Control / Non-Affiliate investments | (250) | 2,891 | |||||||||
Affiliate investments | 101 | (77) | |||||||||
Net realized gains (losses) on investments | (149) | 2,814 | |||||||||
Foreign currency transactions | (1,293) | (975) | |||||||||
Net realized gains (losses) | (1,442) | 1,839 | |||||||||
Net unrealized appreciation (depreciation): | |||||||||||
Non-Control / Non-Affiliate investments | (28,587) | 5,357 | |||||||||
Affiliate investments | 12,996 | 2,445 | |||||||||
Control investments | 14,644 | (3,969) | |||||||||
Net unrealized appreciation (depreciation) on investments | (947) | 3,833 | |||||||||
Credit support agreements | (400) | (1,600) | |||||||||
Foreign currency transactions | 4,812 | 4,042 | |||||||||
Net unrealized appreciation | 3,465 | 6,275 | |||||||||
Net realized gains (losses) and unrealized appreciation (depreciation) on investments, credit support agreements and foreign currency transactions | 2,023 | 8,114 | |||||||||
Net increase in net assets resulting from operations | $ | 21,032 | $ | 22,488 | |||||||
Net investment income per share—basic and diluted | $ | 0.23 | $ | 0.22 | |||||||
Net increase in net assets resulting from operations per share—basic and diluted | $ | 0.25 | $ | 0.34 | |||||||
Dividends/distributions per share: | |||||||||||
Total dividends/distributions per share | $ | 0.23 | $ | 0.19 | |||||||
Weighted average shares outstanding—basic and diluted | 82,656,326 | 65,316,085 |
Common Stock | Additional Paid-In Capital | Total Distributable Earnings (Loss) | Total Net Assets | ||||||||||||||||||||||||||
Three Months Ended March 31, 2021 | Number of Shares | Par Value | |||||||||||||||||||||||||||
Balance, December 31, 2020 | 65,316,085 | $ | 65 | $ | 1,027,707 | $ | (309,968) | $ | 717,804 | ||||||||||||||||||||
Net investment income | — | — | — | 14,374 | 14,374 | ||||||||||||||||||||||||
Net realized gain on investments / foreign currency transactions | — | — | — | 1,839 | 1,839 | ||||||||||||||||||||||||
Net unrealized appreciation of investments / CSA / foreign currency transactions | — | — | — | 6,275 | 6,275 | ||||||||||||||||||||||||
Dividends / distributions | — | — | — | (12,410) | (12,410) | ||||||||||||||||||||||||
Balance, March 31, 2021 | 65,316,085 | $ | 65 | $ | 1,027,707 | $ | (299,890) | $ | 727,882 |
Common Stock | Additional Paid-In Capital | Total Distributable Earnings (Loss) | Total Net Assets | ||||||||||||||||||||||||||
Three Months Ended March 31, 2022 | Number of Shares | Par Value | |||||||||||||||||||||||||||
Balance, December 31, 2021 | 65,316,085 | $ | 65 | $ | 1,027,687 | $ | (285,821) | $ | 741,931 | ||||||||||||||||||||
Net investment income | — | — | — | 19,009 | 19,009 | ||||||||||||||||||||||||
Net realized loss on investments / foreign currency transactions | — | — | — | (1,442) | (1,442) | ||||||||||||||||||||||||
Net unrealized appreciation of investments / CSA / foreign currency transactions | — | — | — | 3,465 | 3,465 | ||||||||||||||||||||||||
Dividends / distributions | — | — | — | (15,023) | (15,023) | ||||||||||||||||||||||||
Deemed Contribution - CSA (See Note 2) | — | 44,400 | — | 44,400 | |||||||||||||||||||||||||
Deemed contribution - from Adviser (See Note 9) | — | 27,904 | — | 27,904 | |||||||||||||||||||||||||
Public offering of common stock | 45,986,926 | 46 | 499,372 | — | 499,418 | ||||||||||||||||||||||||
Purchases of shares in repurchase plan | (207,677) | — | (2,106) | — | (2,106) | ||||||||||||||||||||||||
Balance, March 31, 2022 | 111,095,334 | $ | 111 | $ | 1,597,257 | $ | (279,812) | $ | 1,317,556 |
Three Months Ended | Three Months Ended | ||||||||||
March 31, 2022 | March 31, 2021 | ||||||||||
Cash flows from operating activities: | |||||||||||
Net increase in net assets resulting from operations | $ | 21,032 | $ | 22,488 | |||||||
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | |||||||||||
Purchases of portfolio investments | (335,519) | (276,456) | |||||||||
Net cash acquired from mergers (cash consideration paid) (See Note 9) | 101,896 | — | |||||||||
Transaction costs from mergers (See Note 9) | (2,866) | — | |||||||||
Repayments received/sales of portfolio investments | 210,493 | 188,160 | |||||||||
Purchases of short-term investments | — | (198,550) | |||||||||
Sales of short-term investments | — | 190,542 | |||||||||
Loan origination and other fees received | 5,314 | 4,578 | |||||||||
Net realized (gain) loss on investments | 149 | (2,814) | |||||||||
Net realized loss on foreign currency transactions | 1,293 | 975 | |||||||||
Net unrealized appreciation on investments | 947 | (3,832) | |||||||||
Net unrealized depreciation of CSA | 400 | 1,600 | |||||||||
Net unrealized appreciation on foreign currency transactions | (4,812) | (4,042) | |||||||||
Payment-in-kind interest | (2,798) | (3,174) | |||||||||
Amortization of deferred financing fees | 732 | 344 | |||||||||
Accretion of loan origination and other fees | (1,523) | (1,481) | |||||||||
Amortization / accretion of purchased loan premium / discount | (339) | (1,980) | |||||||||
Changes in operating assets and liabilities: | |||||||||||
Interest and fees receivables | (13,134) | (2,935) | |||||||||
Prepaid expenses and other assets | (1,881) | 1,264 | |||||||||
Accounts payable and accrued liabilities | (2,962) | (1,668) | |||||||||
Interest payable | 4,746 | 1,869 | |||||||||
Net cash used in operating activities | (18,832) | (85,112) | |||||||||
Cash flows from financing activities: | |||||||||||
Borrowings under credit facilities | 107,704 | 29,824 | |||||||||
Repayments of credit facilities | — | (134,083) | |||||||||
Proceeds from notes | — | 150,000 | |||||||||
Financing fees paid | (1,565) | (191) | |||||||||
Purchases of shares in repurchase plan | (2,106) | — | |||||||||
Cash dividends / distributions paid | (15,023) | (12,410) | |||||||||
Net cash provided by (used in) financing activities | 89,010 | 33,140 | |||||||||
Net increase (decrease) in cash and foreign currencies | 70,178 | (51,972) | |||||||||
Cash and foreign currencies, beginning of period | 84,253 | 92,487 | |||||||||
Cash and foreign currencies, end of period | $ | 154,431 | $ | 40,515 | |||||||
Supplemental Information: | |||||||||||
Cash paid for interest | $ | 5,966 | $ | 4,903 | |||||||
Supplemental non-cash information | |||||||||||
Acquisitions (See Note 9): | |||||||||||
Fair value of Sierra net assets acquired, net of cash | $ | (435,811) | $ | — | |||||||
Transaction Costs | 7,520 | — | |||||||||
Common stock issued in acquisition of Sierra net assets | 499,418 | — | |||||||||
Credit support agreement (See Note 2) | (44,400) | — | |||||||||
Deemed contribution -from Adviser | 27,904 | — | |||||||||
Deemed contributions - CSA | 44,400 | — |
Portfolio Company(6) | Industry | Type of Investment(1) (2) | Principal Amount | Cost | Fair Value | |||||||||||||||||||||||||||
Non–Control / Non–Affiliate Investments: | ||||||||||||||||||||||||||||||||
1WorldSync, Inc. (1.2%)*(7) (8) (10) | IT Consulting & Other Services | First Lien Senior Secured Term Loan (LIBOR + 6.25%, 7.3% Cash, Acquired 07/19, Due 07/25) | $ | 16,474 | $ | 16,240 | $ | 16,445 | ||||||||||||||||||||||||
16,474 | 16,240 | 16,445 | ||||||||||||||||||||||||||||||
Accelerant Holdings (0.4%)*(7) | Banking, Finance, Insurance & Real Estate | Class A Convertible Preferred Equity (5,000 shares, Acquired 01/22) | 5,000 | 5,103 | ||||||||||||||||||||||||||||
5,000 | 5,103 | |||||||||||||||||||||||||||||||
Accelerate Learning, Inc. (0.6%)*(7) (8) (10) | Education Services | First Lien Senior Secured Term Loan (LIBOR + 5.0%, 6.0% Cash, Acquired 12/18, Due 12/24) | 7,568 | 7,492 | 7,442 | |||||||||||||||||||||||||||
7,568 | 7,492 | 7,442 | ||||||||||||||||||||||||||||||
Acclime Holdings HK Limited (0.1%)*(3) (7) (8) (11) | Business Services | First Lien Senior Secured Term Loan (LIBOR + 6.5%, 7.0% Cash, Acquired 08/21, Due 07/27) | 1,211 | 1,142 | 1,153 | |||||||||||||||||||||||||||
1,211 | 1,142 | 1,153 | ||||||||||||||||||||||||||||||
Accurus Aerospace Corporation (1.9%)*(7) (8) (11) | Aerospace & Defense | First Lien Senior Secured Term Loan (LIBOR + 4.5%, 5.5% Cash, 1.50% PIK, Acquired 10/18, Due 10/24) | 24,874 | 24,699 | 24,563 | |||||||||||||||||||||||||||
24,874 | 24,699 | 24,563 | ||||||||||||||||||||||||||||||
Acogroup (1.7%)*(3) (7) (8) (16) | Business Services | First Lien Senior Secured Term Loan (EURIBOR + 6.25%, 6.3% Cash, Acquired 03/22, Due 10/26) | 23,622 | 22,760 | 23,031 | |||||||||||||||||||||||||||
23,622 | 22,760 | 23,031 | ||||||||||||||||||||||||||||||
ADB Safegate (0.4%)*(3) (8) (10) | Aerospace & Defense | Second Lien Senior Secured Term Loan (LIBOR + 7.75%, 8.8% Cash, Acquired 08/21, Due 10/25) | 5,500 | 5,113 | 5,118 | |||||||||||||||||||||||||||
5,500 | 5,113 | 5,118 | ||||||||||||||||||||||||||||||
Advantage Software Company (The), LLC (0.1%)*(7) | Advertising, Printing & Publishing | Class A1 Partnership Units (8,717.76 units, Acquired 12/21) | 280 | 902 | ||||||||||||||||||||||||||||
Class A2 Partnership Units (2,248.46 units, Acquired 12/21) | 72 | 233 | ||||||||||||||||||||||||||||||
Class B1 Partnership Units (8,717.76 units, Acquired 12/21) | 9 | 6 | ||||||||||||||||||||||||||||||
Class B2 Partnership Units (2,248.46 units, Acquired 12/21) | 2 | 2 | ||||||||||||||||||||||||||||||
363 | 1,143 | |||||||||||||||||||||||||||||||
Aftermath Bidco Corporation (0.7%)* (7) (8) (10) | Professional Services | First Lien Senior Secured Term Loan (LIBOR + 5.0%, 6.0% Cash, Acquired 04/19, Due 04/25) | 9,425 | 9,307 | 9,227 | |||||||||||||||||||||||||||
9,425 | 9,307 | 9,227 | ||||||||||||||||||||||||||||||
Air Canada 2020-2 Class B Pass Through Trust (0.5%)* | Airlines | Structured Secured Note - Class B (9.0% Cash, Acquired 09/20, Due 10/25) | 6,170 | 6,170 | 6,586 | |||||||||||||||||||||||||||
6,170 | 6,170 | 6,586 | ||||||||||||||||||||||||||||||
Air Comm Corporation, LLC (0.9%)* (7) (8) (10) | Aerospace & Defense | First Lien Senior Secured Term Loan (LIBOR + 5.5%, 6.3% Cash, Acquired 06/21, Due 07/27) | 11,539 | 11,299 | 11,319 | |||||||||||||||||||||||||||
11,539 | 11,299 | 11,319 | ||||||||||||||||||||||||||||||
AIT Worldwide Logistics Holdings, Inc. (0.5%)*(7) | Transportation Services | Second Lien Senior Secured Term Loan (LIBOR + 7.75%, 8.5% Cash, Acquired 04/21, Due 04/29)(8) (10) | 6,460 | 6,328 | 6,320 | |||||||||||||||||||||||||||
Partnership Units (348.68 units, Acquired 04/21) | 349 | 686 | ||||||||||||||||||||||||||||||
6,460 | 6,677 | 7,006 | ||||||||||||||||||||||||||||||
Alpine SG, LLC (2.0%)*(7) (8) (9) (31) | High Tech Industries | First Lien Senior Secured Term Loan (LIBOR + 5.5%, 6.5% Cash, Acquired 02/22, Due 11/27) | 26,957 | 26,418 | 26,418 | |||||||||||||||||||||||||||
26,957 | 26,418 | 26,418 | ||||||||||||||||||||||||||||||
Alpine US Bidco LLC (2.4%)*(7) (8) (9) | Agricultural Products | Second Lien Senior Secured Term Loan (LIBOR + 9.0%, 9.8% Cash, Acquired 05/21, Due 05/29) | 18,157 | 17,654 | 17,612 | |||||||||||||||||||||||||||
18,157 | 17,654 | 17,612 | ||||||||||||||||||||||||||||||
AMMC CLO 22, Limited Series 2018-22A (0.3%)*(3) (31) | Multi-Sector Holdings | Subordinated Structured Notes (Residual Interest, current yield 12.61%, Acquired 02/22, Due 04/31) | 7,222 | 4,690 | 4,267 | |||||||||||||||||||||||||||
7,222 | 4,690 | 4,267 | ||||||||||||||||||||||||||||||
AMMC CLO 23, Ltd. Series 2020-23A (0.1%)*(3) (31) | Multi-Sector Holdings | Subordinated Structured Notes (Residual Interest, current yield 12.35%, Acquired 02/22, Due 10/30) | 2,000 | 1,948 | 1,781 | |||||||||||||||||||||||||||
2,000 | 1,948 | 1,781 | ||||||||||||||||||||||||||||||
Portfolio Company(6) | Industry | Type of Investment(1) (2) | Principal Amount | Cost | Fair Value | |||||||||||||||||||||||||||
Amtech LLC (0.2%)*(7) (8) | Technology | First Lien Senior Secured Term Loan (LIBOR + 5.5%, 6.3% Cash, Acquired 11/21, Due 11/27)(9) | $ | 2,291 | $ | 2,210 | $ | 2,225 | ||||||||||||||||||||||||
Revolver (LIBOR + 5.5%, 6.3% Cash, Acquired 11/21, Due 11/27)(10) | — | (13) | (12) | |||||||||||||||||||||||||||||
2,291 | 2,197 | 2,213 | ||||||||||||||||||||||||||||||
Anagram Holdings, LLC (1.2%)*(3) | Chemicals, Plastics, & Rubber | First Lien Senior Secured Note (10.0% Cash, 5.0% PIK, Acquired 08/20, Due 08/25) | 14,755 | 13,866 | 15,714 | |||||||||||||||||||||||||||
14,755 | 13,866 | 15,714 | ||||||||||||||||||||||||||||||
AnalytiChem Holding Gmbh (0.2%)*(3) (7) (8) (16) | Chemicals | First Lien Senior Secured Term Loan (EURIBOR + 6.25%, 6.3% Cash, Acquired 11/21, Due 12/28) | 2,740 | 2,589 | 2,551 | |||||||||||||||||||||||||||
2,740 | 2,589 | 2,551 | ||||||||||||||||||||||||||||||
Anju Software, Inc. (1.0%)*(7) (8) (9) | Application Software | First Lien Senior Secured Term Loan (LIBOR + 6.25%, 6.3% Cash, Acquired 02/19, Due 02/25) | 13,528 | 13,368 | 12,865 | |||||||||||||||||||||||||||
13,528 | 13,368 | 12,865 | ||||||||||||||||||||||||||||||
AP Aristotle Holdings, LLC (0.1)*(7) | Oil Field Services | Subordinated Term Loan (19.8% Cash, Acquired 12/21, Due 06/25) | 1,588 | 1,594 | 1,592 | |||||||||||||||||||||||||||
1,588 | 1,594 | 1,592 | ||||||||||||||||||||||||||||||
Apex Bidco Limited (0.2%)*(3) (7) | Business Equipment & Services | First Lien Senior Secured Term Loan (GBP LIBOR + 6.25%, 6.8% Cash, Acquired 01/20, Due 01/27)(8) (13) | 1,919 | 1,871 | 1,919 | |||||||||||||||||||||||||||
Subordinated Senior Unsecured Term Loan (8.0% PIK, Acquired 01/20, Due 07/27) | 275 | 270 | 275 | |||||||||||||||||||||||||||||
2,194 | 2,141 | 2,194 | ||||||||||||||||||||||||||||||
Apidos CLO XXIV, Series 2016-24A (0.5%)*(3) (31) | Multi-Sector Holdings | Subordinated Structured Notes (Residual Interest, current yield 19.24%, Acquired 02/22, Due 10/30) | 18,358 | 7,557 | 6,946 | |||||||||||||||||||||||||||
18,358 | 7,557 | 6,946 | ||||||||||||||||||||||||||||||
Aptus 1829. GmbH (0.4%)*(3) (7) | Chemicals, Plastics, & Rubber | First Lien Senior Secured Term Loan (EURIBOR + 6.5%, 6.5% Cash, Acquired 09/21, Due 09/27)(8) (16) | 5,301 | 5,455 | 5,190 | |||||||||||||||||||||||||||
Preferred Stock (13 shares, Acquired 09/21) | 120 | 111 | ||||||||||||||||||||||||||||||
Common Stock (48 shares, Acquired 09/21) | 12 | 11 | ||||||||||||||||||||||||||||||
5,301 | 5,587 | 5,312 | ||||||||||||||||||||||||||||||
Apus Bidco Limited (0.3%)*(3) (7) (8) (22) | Banking, Finance, Insurance & Real Estate | First Lien Senior Secured Term Loan (SONIA + 5.5%, 5.5% Cash, Acquired 02/21, Due 03/28) | 3,793 | 3,877 | 3,725 | |||||||||||||||||||||||||||
3,793 | 3,877 | 3,725 | ||||||||||||||||||||||||||||||
AQA Acquisition Holding, Inc. (1.5%)*(7) (8) (10) | High Tech Industries | Second Lien Senior Secured Term Loan (LIBOR + 7.5%, 8.0% Cash, Acquired 03/21, Due 03/29) | 20,000 | 19,523 | 19,647 | |||||||||||||||||||||||||||
20,000 | 19,523 | 19,647 | ||||||||||||||||||||||||||||||
Aquavista Watersides 2 LTD (0.5%)*(3) (7) (8) (22) | Transportation Services | First Lien Senior Secured Term Loan (SONIA + 6.0%, 6.1% Cash, Acquired 12/21, Due 12/28) | 5,873 | 5,709 | 5,661 | |||||||||||||||||||||||||||
Revolver (SONIA + 6.0%, 6.1% Cash, Acquired 12/21, Due 12/22) | — | (3) | (4) | |||||||||||||||||||||||||||||
Second Lien Senior Secured Term Loan (SONIA + 10.5% PIK, Acquired 12/21, Due 12/28) | 1,468 | 1,447 | 1,436 | |||||||||||||||||||||||||||||
7,341 | 7,153 | 7,093 | ||||||||||||||||||||||||||||||
Arch Global Precision LLC (0.7%)*(7) (8) (10) | Industrial Machinery | First Lien Senior Secured Term Loan (LIBOR + 4.75%, 4.8% Cash, Acquired 04/19, Due 04/26) | 9,248 | 9,244 | 9,155 | |||||||||||||||||||||||||||
9,248 | 9,244 | 9,155 | ||||||||||||||||||||||||||||||
Archimede (0.6%)*(3) (7) (8) (16) | Consumer Services | First Lien Senior Secured Term Loan (EURIBOR + 6.0%, 6.0% Cash, Acquired 10/20, Due 10/27) | 8,234 | 8,767 | 8,094 | |||||||||||||||||||||||||||
8,234 | 8,767 | 8,094 | ||||||||||||||||||||||||||||||
Argus Bidco Limited (0.2%)*(3) (7) (8) | High Tech Industries | First Lien Senior Secured Term Loan (SONIA + 5.5%, 5.8% Cash, Acquired 12/20, Due 12/27)(21) | 2,607 | 2,562 | 2,597 | |||||||||||||||||||||||||||
First Lien Senior Secured Term Loan (LIBOR + 5.5%, 5.8% Cash, Acquired 05/21, Due 12/27)(10) | 672 | 654 | 669 | |||||||||||||||||||||||||||||
3,279 | 3,216 | 3,266 | ||||||||||||||||||||||||||||||
Armstrong Transport Group (Pele Buyer, LLC ) (0.3%)*(7) (8) (10) | Air Freight & Logistics | First Lien Senior Secured Term Loan (LIBOR + 4.75%, 5.8% Cash, Acquired 06/19, Due 06/24) | 4,015 | 3,962 | 3,948 | |||||||||||||||||||||||||||
4,015 | 3,962 | 3,948 | ||||||||||||||||||||||||||||||
Arrow International, Inc. (1.1%)*(7) (8) (10) (31) | Hotel, Gaming & Leisure | First Lien Senior Secured Term Loan (LIBOR + 7.25%, 8.5% Cash, Acquired 02/22, Due 12/25) | 15,000 | 15,000 | 15,000 | |||||||||||||||||||||||||||
15,000 | 15,000 | 15,000 | ||||||||||||||||||||||||||||||
Portfolio Company(6) | Industry | Type of Investment(1) (2) | Principal Amount | Cost | Fair Value | |||||||||||||||||||||||||||
ASPEQ Heating Group LLC (0.6%)*(7) (8) (9) | Building Products, Air & Heating | First Lien Senior Secured Term Loan (LIBOR + 5.25%, 6.3% Cash, Acquired 11/19, Due 11/25) | $ | 8,435 | $ | 8,353 | $ | 8,435 | ||||||||||||||||||||||||
8,435 | 8,353 | 8,435 | ||||||||||||||||||||||||||||||
Astra Bidco Limited (0.2%)*(3) (7) (8) (21) | Healthcare | First Lien Senior Secured Term Loan (SONIA + 5.75%, 5.8% Cash, Acquired 11/21, Due 11/28) | 2,148 | 2,089 | 2,068 | |||||||||||||||||||||||||||
2,148 | 2,089 | 2,068 | ||||||||||||||||||||||||||||||
Auxi International (0.2%)*(3) (7) (8) | Commercial Finance | First Lien Senior Secured Term Loan (EURIBOR + 5.75%, 5.8% Cash, Acquired 12/19, Due 12/26)(17) | 1,558 | 1,522 | 1,418 | |||||||||||||||||||||||||||
First Lien Senior Secured Term Loan (SONIA + 6.25%, 6.3% Cash, Acquired 04/21, Due 12/26)(22) | 882 | 898 | 803 | |||||||||||||||||||||||||||||
2,440 | 2,420 | 2,221 | ||||||||||||||||||||||||||||||
Avance Clinical Bidco Pty Ltd (0.2%)*(3) (7) (8) (24) | Healthcare | First Lien Senior Secured Term Loan (BBSY + 5.5%, 6.0% Cash, Acquired 11/21, Due 11/27) | 2,651 | 2,395 | 2,543 | |||||||||||||||||||||||||||
2,651 | 2,395 | 2,543 | ||||||||||||||||||||||||||||||
Aviation Technical Services, Inc.(1.9%)*(7) (8) (9) (31) | Aerospace & Defense | Second Lien Senior Secured Term Loan (LIBOR + 2.0%, 2.2% Cash, 6.5% PIK, Acquired 02/22, Due 03/25) | 27,042 | 25,699 | 25,690 | |||||||||||||||||||||||||||
27,042 | 25,699 | 25,690 | ||||||||||||||||||||||||||||||
AVSC Holding Corp. (0.9%)* | Advertising | First Lien Senior Secured Term Loan (LIBOR + 3.25%, 4.3% Cash, 0.25% PIK, Acquired 08/18, Due 03/25)(8) (10) | 4,857 | 4,430 | 4,570 | |||||||||||||||||||||||||||
First Lien Senior Secured Term Loan (LIBOR + 4.5%, 5.5% Cash, 1.0% PIK, Acquired 08/18, Due 10/26)(8) (10) | 748 | 695 | 711 | |||||||||||||||||||||||||||||
First Lien Senior Secured Term Loan (5.0% Cash, 10.0% PIK, Acquired 11/20, Due 10/26) | 5,651 | 5,542 | 6,518 | |||||||||||||||||||||||||||||
11,256 | 10,667 | 11,799 | ||||||||||||||||||||||||||||||
Azalea Buyer, Inc. (0.4%)*(7) | Technology | First Lien Senior Secured Term Loan (LIBOR + 5.25%, 6.3% Cash, Acquired 11/21, Due 11/27)(8) (10) | 4,606 | 4,500 | 4,507 | |||||||||||||||||||||||||||
Revolver (LIBOR + 5.25%, 6.3% Cash, Acquired 11/21, Due 11/27)(8) (10) | — | (9) | (9) | |||||||||||||||||||||||||||||
Subordinated Term Loan (12.0% PIK, Acquired 11/21, Due 05/28) | 1,260 | 1,235 | 1,237 | |||||||||||||||||||||||||||||
Common Stock (192,307.7 shares, Acquired 11/21) | 192 | 192 | ||||||||||||||||||||||||||||||
5,866 | 5,918 | 5,927 | ||||||||||||||||||||||||||||||
Bariacum S.A. (0.5%)*(3) (7) (8) (16) | Consumer Products | First Lien Senior Secured Term Loan (EURIBOR + 5.5%, 5.5% Cash, Acquired 11/21, Due 11/28) | 6,342 | 6,243 | 6,139 | |||||||||||||||||||||||||||
6,342 | 6,243 | 6,139 | ||||||||||||||||||||||||||||||
BDP International, Inc. (f/k/a BDP Buyer, LLC) (2.0%)*(7) (8) (9) | Air Freight & Logistics | First Lien Senior Secured Term Loan (LIBOR + 4.75%, 5.8% Cash, Acquired 12/18, Due 12/24) | 14,812 | 14,621 | 14,812 | |||||||||||||||||||||||||||
14,812 | 14,621 | 14,812 | ||||||||||||||||||||||||||||||
Benify (Bennevis AB) (0.1%)*(3) (7) (8) (26) | High Tech Industries | First Lien Senior Secured Term Loan (STIBOR + 5.25%, 5.3% Cash, Acquired 07/19, Due 07/26) | 1,249 | 1,223 | 1,249 | |||||||||||||||||||||||||||
1,249 | 1,223 | 1,249 | ||||||||||||||||||||||||||||||
Beyond Risk Management, Inc. (0.2%)*(7) (8) (10) | Other Financial | First Lien Senior Secured Term Loan (LIBOR + 4.5%, 5.3% Cash, Acquired 10/21, Due 10/27) | 2,427 | 2,345 | 2,343 | |||||||||||||||||||||||||||
2,427 | 2,345 | 2,343 | ||||||||||||||||||||||||||||||
Bidwax (0.6%)*(3) (7) (8) (16) | Non-durable Consumer Goods | First Lien Senior Secured Term Loan (EURIBOR + 6.5%, 6.5% Cash, Acquired 02/21, Due 02/28) | 7,789 | 8,069 | 7,603 | |||||||||||||||||||||||||||
7,789 | 8,069 | 7,603 | ||||||||||||||||||||||||||||||
BigHand UK Bidco Limited (0.3%)*(3) (7) (8) (21) | High Tech Industries | First Lien Senior Secured Term Loan (SONIA + 5.5%, 5.5% Cash, Acquired 01/21, Due 01/28) | 3,416 | 3,360 | 3,313 | |||||||||||||||||||||||||||
3,416 | 3,360 | 3,313 | ||||||||||||||||||||||||||||||
Bounteous, Inc. (0.1%)*(7) (8) (10) | Technology | First Lien Senior Secured Term Loan (LIBOR + 5.0%, 6.0% Cash, Acquired 08/21, Due 08/27) | 1,905 | 1,817 | 1,823 | |||||||||||||||||||||||||||
1,905 | 1,817 | 1,823 | ||||||||||||||||||||||||||||||
Brightline Trains Florida LLC (0.4%)*(7) | Transportation | Senior Secured Note (8.0% Cash, Acquired 08/21, Due 01/28) | 5,000 | 5,000 | 4,825 | |||||||||||||||||||||||||||
5,000 | 5,000 | 4,825 | ||||||||||||||||||||||||||||||
Brightpay Limited (0.2%)*(3) (7) (8) (16) | Technology | First Lien Senior Secured Term Loan (EURIBOR + 5.25%, 5.3% Cash, Acquired 10/21, Due 10/28) | 2,058 | 2,078 | 2,012 | |||||||||||||||||||||||||||
2,058 | 2,078 | 2,012 |
Portfolio Company(6) | Industry | Type of Investment(1) (2) | Principal Amount | Cost | Fair Value | |||||||||||||||||||||||||||
BrightSign LLC (0.6%)*(7) | Media & Entertainment | First Lien Senior Secured Term Loan (LIBOR + 5.75%, 6.8% Cash, Acquired 10/21, Due 10/27)(8) (10) | $ | 6,779 | $ | 6,707 | $ | 6,664 | ||||||||||||||||||||||||
Revolver (LIBOR + 5.75%, 6.8% Cash, Acquired 10/21, Due 10/27)(8) (10) | — | (12) | (23) | |||||||||||||||||||||||||||||
LLC units (1,107,492.71 units, Acquired 10/21) | 1,107 | 1,107 | ||||||||||||||||||||||||||||||
6,779 | 7,802 | 7,748 | ||||||||||||||||||||||||||||||
British Airways 2020-1 Class B Pass Through Trust (0.1%)* | Airlines | Structured Secured Note - Class B (8.4% Cash, Acquired 11/20, Due 11/28) | 783 | 783 | 862 | |||||||||||||||||||||||||||
783 | 783 | 862 | ||||||||||||||||||||||||||||||
British Engineering Services Holdco Limited (1.1%)*(3) (7) (8) (22) | Commercial Services & Supplies | First Lien Senior Secured Term Loan (SONIA + 7.03%, 7.0% Cash, Acquired 12/20, Due 12/27) | 15,097 | 15,094 | 14,689 | |||||||||||||||||||||||||||
15,097 | 15,094 | 14,689 | ||||||||||||||||||||||||||||||
Brook & Whittle Holding Corp.(0.1%)* (7) (8) (10) (31) | Containers, Packaging & Supplies | First Lien Senior Secured Term Loan (LIBOR + 4.0%, 4.5% Cash, Acquired 02/22, Due 12/28) | 1,994 | 1,974 | 1,944 | |||||||||||||||||||||||||||
1,994 | 1,974 | 1,944 | ||||||||||||||||||||||||||||||
Brown Machine Group Holdings, LLC (0.5%)*(7) (8) (10) | Industrial Equipment | First Lien Senior Secured Term Loan (LIBOR + 5.25%, 6.3% Cash, Acquired 10/18, Due 10/24) | 6,281 | 6,240 | 6,281 | |||||||||||||||||||||||||||
6,281 | 6,240 | 6,281 | ||||||||||||||||||||||||||||||
Cadent, LLC (f/k/a Cross MediaWorks) (0.5%)*(7) (8) (9) | Media & Entertainment | First Lien Senior Secured Term Loan (LIBOR + 5.0%, 6.0% Cash, Acquired 09/18, Due 09/23) | 6,913 | 6,892 | 6,913 | |||||||||||||||||||||||||||
6,913 | 6,892 | 6,913 | ||||||||||||||||||||||||||||||
CAi Software, LLC (0.7%)*(7) (8) (10) | Technology | First Lien Senior Secured Term Loan (LIBOR + 6.25%, 7.3% Cash, Acquired 12/21, Due 12/28) | 9,057 | 8,882 | 8,894 | |||||||||||||||||||||||||||
Revolver (LIBOR + 6.25%, 7.3% Cash, Acquired 12/21, Due 12/28) | — | (18) | (17) | |||||||||||||||||||||||||||||
9,057 | 8,864 | 8,877 | ||||||||||||||||||||||||||||||
Canadian Orthodontic Partners Corp.(0.1%)*(3) (7) (8) (25) | Healthcare | First Lien Senior Secured Term Loan (CDOR + 6.5%, 7.5% Cash, Acquired 06/21, Due 03/26) | 1,703 | 1,741 | 1,666 | |||||||||||||||||||||||||||
1,703 | 1,741 | 1,666 | ||||||||||||||||||||||||||||||
Cardenas Markets, LLC (0.1%)*(7) (8) (10) (31) | Retail | First Lien Senior Secured Term Loan (LIBOR + 6.25%, 7.3% Cash, Acquired 02/22, Due 06/27) | 1,990 | 1,985 | 1,950 | |||||||||||||||||||||||||||
1,990 | 1,985 | 1,950 | ||||||||||||||||||||||||||||||
Carlson Travel, Inc (0.7%)* | Business Travel Management | First Lien Senior Secured Note (8.5% Cash, Acquired 11/21, Due 11/26) | 6,050 | 5,670 | 5,959 | |||||||||||||||||||||||||||
Common Stock (94,155 shares, Acquired 11/21) | 1,655 | 2,787 | ||||||||||||||||||||||||||||||
6,050 | 7,325 | 8,746 | ||||||||||||||||||||||||||||||
Centralis Finco S.a.r.l. (0.1%)*(3) (7) (8) (16) | Diversified Financial Services | First Lien Senior Secured Term Loan (EURIBOR + 5.25%, 5.3% Cash, Acquired 05/20, Due 05/27) | 789 | 740 | 789 | |||||||||||||||||||||||||||
789 | 740 | 789 | ||||||||||||||||||||||||||||||
Ceres Pharma NV (0.1%)*(3) (7) (8) (17) | Pharmaceuticals | First Lien Senior Secured Term Loan (EURIBOR + 5.5%, 5.5% Cash, Acquired 10/21, Due 10/28) | 1,342 | 1,285 | 1,254 | |||||||||||||||||||||||||||
1,342 | 1,285 | 1,254 | ||||||||||||||||||||||||||||||
CGI Parent, LLC (1.4%)*(7) | Business Equipment & Services | First Lien Senior Secured Term Loan (LIBOR + 5.5%, 6.5% Cash, Acquired 02/22, Due 02/28)(8) (10) | 17,796 | 17,446 | 17,440 | |||||||||||||||||||||||||||
Revolver (LIBOR + 5.5%, 6.5% Cash, Acquired 02/22, Due 02/28)(8) (10) | 441 | 408 | 408 | |||||||||||||||||||||||||||||
Preferred Stock (551 shares, Acquired 02/22) | 551 | 551 | ||||||||||||||||||||||||||||||
18,237 | 18,405 | 18,399 | ||||||||||||||||||||||||||||||
Cineworld Group PLC (0.2%)*(3) | Leisure Products | Super Senior Secured Term Loan (7.0% Cash, 8.3% PIK, Acquired 11/20, Due 05/24) | 1,824 | 1,640 | 2,152 | |||||||||||||||||||||||||||
Super Senior Secured Term Loan (LIBOR + 8.25% Cash, 9.3% Cash, Acquired 07/21, Due 02/25)(8) (11) | 994 | 964 | 1,056 | |||||||||||||||||||||||||||||
Warrants (553,375 units, Acquired 12/20) | 102 | 84 | ||||||||||||||||||||||||||||||
2,818 | 2,706 | 3,292 | ||||||||||||||||||||||||||||||
Classic Collision (Summit Buyer, LLC) (0.5%)*(7) (8) (10) | Auto Collision Repair Centers | First Lien Senior Secured Term Loan (LIBOR + 5.0%, 6.0% Cash, Acquired 01/20, Due 01/26) | 6,640 | 6,528 | 6,526 | |||||||||||||||||||||||||||
6,640 | 6,528 | 6,526 | ||||||||||||||||||||||||||||||
CM Acquisitions Holdings Inc. (1.4%)*(7) (8) (19) | Internet & Direct Marketing | First Lien Senior Secured Term Loan (SOFR + 4.75%, 5.8% Cash, Acquired 05/19, Due 05/25) | 19,106 | 18,911 | 18,819 | |||||||||||||||||||||||||||
19,106 | 18,911 | 18,819 |
Portfolio Company(6) | Industry | Type of Investment(1) (2) | Principal Amount | Cost | Fair Value | |||||||||||||||||||||||||||
CMT Opco Holding, LLC (Concept Machine) (0.3%)*(7) (8) | Distributors | First Lien Senior Secured Term Loan (LIBOR + 5.0%, 6.0% Cash, Acquired 01/20, Due 01/25)(10) | $ | 4,144 | $ | 4,094 | $ | 3,894 | ||||||||||||||||||||||||
LLC Units (8,782 units, Acquired 01/20) | 352 | 72 | ||||||||||||||||||||||||||||||
4,144 | 4,446 | 3,966 | ||||||||||||||||||||||||||||||
Coastal Marina Holdings, LLC (1.4%)*(7) | Other Financial | Subordinated Term Loan (10.0% PIK, Acquired 11/21, Due 11/31) | 4,901 | 4,472 | 4,447 | |||||||||||||||||||||||||||
Subordinated Term Loan (8.0% Cash, Acquired 11/21, Due 11/31) | 13,044 | 11,873 | 11,830 | |||||||||||||||||||||||||||||
LLC Units (547,591 units, Acquired 11/21) | 1,643 | 2,177 | ||||||||||||||||||||||||||||||
17,945 | 17,988 | 18,454 | ||||||||||||||||||||||||||||||
Cobham Slip Rings SAS (0.1%)*(3) (7) (8) (10) | Diversified Manufacturing | First Lien Senior Secured Term Loan (LIBOR + 6.25%, 7.3% Cash, Acquired 11/21, Due 11/28) | 1,303 | 1,273 | 1,276 | |||||||||||||||||||||||||||
1,303 | 1,273 | 1,276 | ||||||||||||||||||||||||||||||
Command Alkon (Project Potter Buyer, LLC) (1.0%)*(7) | Software | First Lien Senior Secured Term Loan (LIBOR + 8.25%, 9.3% Cash, Acquired 04/20, Due 04/27)(8) (9) | 13,708 | 13,265 | 13,602 | |||||||||||||||||||||||||||
Class A Units (90.384 units, Acquired 04/20) | 90 | 101 | ||||||||||||||||||||||||||||||
Class B Units (33,324.69 units, Acquired 04/20) | — | 199 | ||||||||||||||||||||||||||||||
13,708 | 13,355 | 13,902 | ||||||||||||||||||||||||||||||
Contabo Finco S.À R.L (0.4%)*(3) (7) (8) (16) | Internet Software & Services | First Lien Senior Secured Term Loan (EURIBOR 5.25%, 5.3% Cash, Acquired 11/21, Due 10/26) | 5,821 | 5,768 | 5,733 | |||||||||||||||||||||||||||
5,821 | 5,768 | 5,733 | ||||||||||||||||||||||||||||||
Core Scientific, Inc. (1.5%)*(3) (7) | Technology | First Lien Senior Secured Term Loan (9.8% Cash, Acquired 03/22, Due 03/25) | 20,000 | 20,200 | 20,000 | |||||||||||||||||||||||||||
20,000 | 20,200 | 20,000 | ||||||||||||||||||||||||||||||
Coyo Uprising GmbH (0.4%)*(3) (7) | Technology | First Lien Senior Secured Term Loan (EURIBOR + 6.5%, 6.5% Cash, 3.5% PIK, Acquired 09/21, Due 09/28)(8) (16) | 4,043 | 4,137 | 3,932 | |||||||||||||||||||||||||||
Class A Units (440.0 units, Acquired 09/21) | 205 | 199 | ||||||||||||||||||||||||||||||
Class B Units (191.0 units, Acquired 09/21) | 446 | 523 | ||||||||||||||||||||||||||||||
4,043 | 4,788 | 4,654 | ||||||||||||||||||||||||||||||
CPI International, Inc. (0.6%)*(7) (8) (10) (31) | Aerospace & Defense | Second Lien Senior Secured Term Loan (LIBOR + 7.25%, 8.3% Cash, Acquired 02/22, Due 07/25) | 8,575 | 7,975 | 7,975 | |||||||||||||||||||||||||||
8,575 | 7,975 | 7,975 | ||||||||||||||||||||||||||||||
Crash Champions (0.9%)*(7) (8) (10) | Automotive | First Lien Senior Secured Term Loan (LIBOR + 5.0%, 6.0% Cash, Acquired 05/21, Due 08/25) | 11,609 | 11,262 | 11,129 | |||||||||||||||||||||||||||
11,609 | 11,262 | 11,129 | ||||||||||||||||||||||||||||||
CSL DualCom (0.1%)*(3) (7) (8) (14) | Tele-communications | First Lien Senior Secured Term Loan (GBP LIBOR + 5.5%, 5.5% Cash, Acquired 09/20, Due 09/27) | 1,304 | 1,205 | 1,270 | |||||||||||||||||||||||||||
1,304 | 1,205 | 1,270 | ||||||||||||||||||||||||||||||
CT Technologies Intermediate Holdings, Inc. (0.4%)*(8) (9) (31) | Healthcare | First Lien Senior Secured Term Loan (LIBOR + 4.25%, 5.0% Cash, Acquired 02/22, Due 12/25) | 4,975 | 4,968 | 4,924 | |||||||||||||||||||||||||||
4,975 | 4,968 | 4,924 | ||||||||||||||||||||||||||||||
Custom Alloy Corporation (2.2%)*(7) (29) | Manufacturer of Pipe Fittings & Forgings | Second Lien Loan (15.0% PIK, Acquired 12/20, Due 04/22)(28) | 52,244 | 42,162 | 26,122 | |||||||||||||||||||||||||||
Revolver (15.0% PIK, Acquired 12/20, Due 04/22)(28) | 4,940 | 4,222 | 2,470 | |||||||||||||||||||||||||||||
57,184 | 46,384 | 28,592 | ||||||||||||||||||||||||||||||
CVL 3 (0.3%)*(3) (7) (8) | Capital Equipment | First Lien Senior Secured Term Loan (EURIBOR + 5.5%, 5.5% Cash, Acquired 12/21, Due 12/28)(16) | 1,947 | 1,928 | 1,903 | |||||||||||||||||||||||||||
First Lien Senior Secured Term Loan (SOFR + 5.5%, 5.5% Cash, Acquired 12/21, Due 12/28)(19) | 1,142 | 1,115 | 1,116 | |||||||||||||||||||||||||||||
6-Month Bridge Term Loan (EURIBOR + 5.5%, 5.5% Cash, Acquired 12/21, Due 06/22)(16) | 779 | 787 | 771 | |||||||||||||||||||||||||||||
3,868 | 3,830 | 3,790 | ||||||||||||||||||||||||||||||
CW Group Holdings, LLC (0.2%)*(7) | High Tech Industries | First Lien Senior Secured Term Loan (LIBOR + 6.0%, 7.0% Cash, Acquired 01/21, Due 01/27)(8) (10) | 2,810 | 2,758 | 2,659 | |||||||||||||||||||||||||||
LLC Units (161,290.32 units, Acquired 01/21) | 161 | 99 | ||||||||||||||||||||||||||||||
2,810 | 2,919 | 2,758 | ||||||||||||||||||||||||||||||
Portfolio Company(6) | Industry | Type of Investment(1) (2) | Principal Amount | Cost | Fair Value | |||||||||||||||||||||||||||
Dart Buyer, Inc. (1.0%)*(7) (8) (10) | Aerospace & Defense | First Lien Senior Secured Term Loan (LIBOR + 5.25%, 6.3% Cash, Acquired 04/19, Due 04/25) | $ | 13,438 | $ | 13,280 | $ | 13,438 | ||||||||||||||||||||||||
13,438 | 13,280 | 13,438 | ||||||||||||||||||||||||||||||
DataOnline Corp. (1.3%)*(7) (8) (10) (31) | High Tech Industries | First Lien Senior Secured Term Loan (LIBOR + 6.25%, 7.3% Cash, Acquired 02/22, Due 11/25) | 14,700 | 14,700 | 14,700 | |||||||||||||||||||||||||||
Revolver (LIBOR + 6.25%, 7.3% Cash, Acquired 02/22, Due 11/25) | 2,143 | 2,143 | 2,143 | |||||||||||||||||||||||||||||
16,843 | 16,843 | 16,843 | ||||||||||||||||||||||||||||||
DecksDirect, LLC (0.1%)*(7) | Building Materials | First Lien Senior Secured Term Loan (LIBOR + 6.0%, 7.0% Cash, Acquired 12/21, Due 12/26)(8) (9) | 727 | 713 | 714 | |||||||||||||||||||||||||||
Revolver (LIBOR + 6.0%, 7.0% Cash, Acquired 12/21, Due 12/26)(8) (10) | 160 | 156 | 156 | |||||||||||||||||||||||||||||
LLC Units (1,280.8 units, Acquired 12/21) | 55 | 55 | ||||||||||||||||||||||||||||||
887 | 924 | 925 | ||||||||||||||||||||||||||||||
Discovery Education, Inc. (0.9%)*(7) (8) (10) | Publishing | First Lien Senior Secured Term Loan (LIBOR + 4.75%, 5.8% Cash, Acquired 10/20, Due 10/26) | 11,785 | 11,622 | 11,785 | |||||||||||||||||||||||||||
11,785 | 11,622 | 11,785 | ||||||||||||||||||||||||||||||
Distinct Holdings, Inc. (0.5%)*(7) (8) (9) | Systems Software | First Lien Senior Secured Term Loan (LIBOR + 4.75%, 5.8% Cash, Acquired 04/19, Due 12/23) | 6,880 | 6,845 | 6,687 | |||||||||||||||||||||||||||
6,880 | 6,845 | 6,687 | ||||||||||||||||||||||||||||||
Dragon Bidco (0.8%)*(3) (7) (8) (17) | Technology | First Lien Senior Secured Term Loan (EURIBOR + 6.75%, 6.8% Cash, Acquired 04/21, Due 04/28) | 11,127 | 10,883 | 10,848 | |||||||||||||||||||||||||||
11,127 | 10,883 | 10,848 | ||||||||||||||||||||||||||||||
DreamStart Bidco SAS (d/b/a SmartTrade) (0.2%)*(3) (7) (8) (17) | Diversified Financial Services | First Lien Senior Secured Term Loan (EURIBOR + 6.0%, 6.0% Cash, Acquired 03/20, Due 03/27) | 2,366 | 2,297 | 2,341 | |||||||||||||||||||||||||||
2,366 | 2,297 | 2,341 | ||||||||||||||||||||||||||||||
Dryden 43 Senior Loan Fund, Series 2016-43A (0.2%)*(3) (31) | Multi-Sector Holdings | Subordinated Structured Notes (Residual Interest, current yield 10.8%, Acquired 02/22, Due 04/34) | 3,620 | 2,454 | 2,296 | |||||||||||||||||||||||||||
3,620 | 2,454 | 2,296 | ||||||||||||||||||||||||||||||
Dryden 49 Senior Loan Fund, Series 2017-49A (0.6%)*(3) (31) | Multi-Sector Holdings | Subordinated Structured Notes (Residual Interest, current yield 14.7%, Acquired 02/22, Due 07/30) | 17,233 | 7,934 | 7,548 | |||||||||||||||||||||||||||
17,233 | 7,934 | 7,548 | ||||||||||||||||||||||||||||||
Dune Group (0.1%)*(3) (7) (8) | Health Care Equipment | First Lien Senior Secured Term Loan (LIBOR + 5.75%, 6.0% Cash, Acquired 09/21, Due 09/28)(10) | 1,230 | 1,210 | 1,212 | |||||||||||||||||||||||||||
First Lien Senior Secured Term Loan (EURIBOR + 5.75%, 5.8% Cash, Acquired 09/21, Due 09/28)(16) | 129 | 107 | 112 | |||||||||||||||||||||||||||||
1,359 | 1,317 | 1,324 | ||||||||||||||||||||||||||||||
Dwyer Instruments, Inc. (0.3%)*(7) (8) (10) | Electric | First Lien Senior Secured Term Loan (LIBOR + 5.5%, 6.3% Cash, Acquired 07/21, Due 07/27) | 4,551 | 4,460 | 4,471 | |||||||||||||||||||||||||||
4,551 | 4,460 | 4,471 | ||||||||||||||||||||||||||||||
Echo Global Logistics, Inc. (1.1%)*(7) | Air Transportation | Second Lien Senior Secured Term Loan (LIBOR + 7.25%, 7.8% Cash, Acquired 11/21, Due 11/29)(8) (9) | 14,469 | 14,224 | 14,246 | |||||||||||||||||||||||||||
Partnership Equity (530.92 units, Acquired 11/21) | 531 | 531 | ||||||||||||||||||||||||||||||
14,469 | 14,755 | 14,777 | ||||||||||||||||||||||||||||||
Ellkay, LLC (0.4%)*(7) (8) (10) | Healthcare & Pharmaceuticals | First Lien Senior Secured Term Loan (LIBOR + 5.75%, 6.8% Cash, Acquired 09/21, Due 09/27) | 4,975 | 4,883 | 4,894 | |||||||||||||||||||||||||||
4,975 | 4,883 | 4,894 | ||||||||||||||||||||||||||||||
EMI Porta Holdco LLC (0.8%)*(7) (8) (10) | Diversified Manufacturing | First Lien Senior Secured Term Loan (LIBOR + 5.75%, 6.5% Cash, Acquired 12/21, Due 12/27) | 10,822 | 10,401 | 10,430 | |||||||||||||||||||||||||||
Revolver (LIBOR + 5.75%, 6.5% Cash, Acquired 12/21, Due 12/27) | 605 | 549 | 552 | |||||||||||||||||||||||||||||
11,427 | 10,950 | 10,982 | ||||||||||||||||||||||||||||||
Entact Environmental Services, Inc. (0.4%)*(7) (8) (10) | Environmental Industries | First Lien Senior Secured Term Loan (LIBOR + 5.75%, 6.8% Cash, Acquired 02/21, Due 12/25) | 5,690 | 5,645 | 5,554 | |||||||||||||||||||||||||||
5,690 | 5,645 | 5,554 | ||||||||||||||||||||||||||||||
Envision Healthcare Corporation (0.0%)*(8) (9) (31) | Healthcare & Pharmaceuticals | First Lien Senior Secured Term Loan (LIBOR + 3.75%, 4.2% Cash, Acquired 02/22, Due 10/25) | 48 | 37 | 32 | |||||||||||||||||||||||||||
48 | 37 | 32 | ||||||||||||||||||||||||||||||
Portfolio Company(6) | Industry | Type of Investment(1) (2) | Principal Amount | Cost | Fair Value | |||||||||||||||||||||||||||
EPS NASS Parent, Inc. (0.4%)*(7) (8) (10) | Electrical Components & Equipment | First Lien Senior Secured Term Loan (LIBOR + 5.75%, 6.8% Cash, Acquired 04/21, Due 04/28) | $ | 5,798 | $ | 5,685 | $ | 5,711 | ||||||||||||||||||||||||
5,798 | 5,685 | 5,711 | ||||||||||||||||||||||||||||||
eShipping, LLC (0.3%)*(7) (8) | Transportation Services | First Lien Senior Secured Term Loan (LIBOR + 5.75%, 6.8% Cash, Acquired 11/21, Due 11/27)(9) | 3,854 | 3,744 | 3,759 | |||||||||||||||||||||||||||
Revolver (LIBOR + 5.75%, 6.8% Cash, Acquired 11/21, Due 11/27)(10) | 663 | 635 | 637 | |||||||||||||||||||||||||||||
4,517 | 4,379 | 4,396 | ||||||||||||||||||||||||||||||
Events Software BidCo Pty Ltd (0.1%)*(3) (7) (8) (24) | Technology | First Lien Senior Secured Term Loan (BBSY + 5.5%, 5.5% Cash, Acquired 03/22, Due 03/28) | 1,924 | 1,850 | 1,852 | |||||||||||||||||||||||||||
1,924 | 1,850 | 1,852 | ||||||||||||||||||||||||||||||
F24 (Stairway BidCo Gmbh) (0.1%)*(3) (7) (8) (16) | Software Services | First Lien Senior Secured Term Loan (EURIBOR + 6.25%, 6.3% Cash, Acquired 08/20, Due 08/27) | 1,586 | 1,651 | 1,586 | |||||||||||||||||||||||||||
1,586 | 1,651 | 1,586 | ||||||||||||||||||||||||||||||
Ferrellgas L.P. (0.2%)*(3) (7) | Oil & Gas Equipment & Services | OpCo Preferred Units (2,886 units, Acquired 03/21) | 2,799 | 3,030 | ||||||||||||||||||||||||||||
2,799 | 3,030 | |||||||||||||||||||||||||||||||
Fineline Technologies, Inc. (0.1%)*(7) (8) (10) | Consumer Services | First Lien Senior Secured Term Loan (LIBOR + 4.75%, 5.8% Cash, Acquired 02/21, Due 02/28) | 1,302 | 1,281 | 1,302 | |||||||||||||||||||||||||||
1,302 | 1,281 | 1,302 | ||||||||||||||||||||||||||||||
Finexvet (0.1%)*(3) (7) (8) (16) | Consumer Cyclical | First Lien Senior Secured Term Loan (EURIBOR + 5.5%, 5.5% Cash, Acquired 03/22, Due 03/29) | 1,536 | 1,458 | 1,467 | |||||||||||||||||||||||||||
1,536 | 1,458 | 1,467 | ||||||||||||||||||||||||||||||
FinThrive Software Intermediate Holdings Inc. (0.5%)* | Business Equipment & Services | Preferred Stock (6,582.7 shares, Acquired 03/22) | 7,263 | 7,263 | ||||||||||||||||||||||||||||
7,263 | 7,263 | |||||||||||||||||||||||||||||||
FitzMark Buyer, LLC (0.3%)*(7) (8) (10) | Cargo & Transportation | First Lien Senior Secured Term Loan (LIBOR + 4.5%, 5.5% Cash, Acquired 12/20, Due 12/26) | 4,259 | 4,189 | 4,173 | |||||||||||||||||||||||||||
4,259 | 4,189 | 4,173 | ||||||||||||||||||||||||||||||
Flexential Issuer, LLC (1.1%)* | Information Technology | Structured Secured Note - Class C (6.9% Cash, Acquired 11/21, Due 11/51) | 16,000 | 14,822 | 15,040 | |||||||||||||||||||||||||||
16,000 | 14,822 | 15,040 | ||||||||||||||||||||||||||||||
FragilePak LLC (0.4%)*(7) | Transportation Services | First Lien Senior Secured Term Loan (LIBOR + 5.75%, 6.8% Cash, Acquired 05/21, Due 05/27)(8) (10) | 4,685 | 4,515 | 4,298 | |||||||||||||||||||||||||||
Partnership Units (937.5 units, Acquired 05/21) | 938 | 808 | ||||||||||||||||||||||||||||||
4,685 | 5,453 | 5,106 | ||||||||||||||||||||||||||||||
Front Line Power Construction LLC (0.3%)* | Construction Machinery | First Lien Senior Secured Term Loan (LIBOR + 12.5%, 13.5% Cash, Acquired 11/21, Due 11/28)(7) (8) (10) | 4,000 | 3,876 | 3,880 | |||||||||||||||||||||||||||
Common Stock (50,848 shares, Acquired 11/21) | 130 | 94 | ||||||||||||||||||||||||||||||
4,000 | 4,006 | 3,974 | ||||||||||||||||||||||||||||||
FSS Buyer LLC (0.5%)*(7) | Technology | First Lien Senior Secured Term Loan (LIBOR + 5.75%, 6.5% Cash, Acquired 08/21, Due 08/28)(8) (10) | 6,895 | 6,762 | 6,784 | |||||||||||||||||||||||||||
LP Interest (1,160.9 units, Acquired 08/21) | 12 | 12 | ||||||||||||||||||||||||||||||
LP Units (5,104.32 units, Acquired 08/21) | 51 | 51 | ||||||||||||||||||||||||||||||
6,895 | 6,825 | 6,847 | ||||||||||||||||||||||||||||||
GC EOS Buyer Inc. (0.2%)*(8) (9) (31) | Automotive | First Lien Senior Secured Term Loan (LIBOR + 4.5%, 5.0% Cash, Acquired 02/22, Due 08/25) | 2,481 | 2,479 | 2,448 | |||||||||||||||||||||||||||
2,481 | 2,479 | 2,448 | ||||||||||||||||||||||||||||||
GTM Intermediate Holdings, Inc. (1.0%)*(7) (29) | Medical Equipment Manufacturer | Second Lien Loan (11.0% Cash, 1.0% PIK, Acquired 12/20, Due 12/24) | 11,540 | 11,489 | 11,309 | |||||||||||||||||||||||||||
Series A Preferred Units (923,347.4 units, Acquired 12/20) | 2,166 | 1,391 | ||||||||||||||||||||||||||||||
Series C Preferred Units (460,652.6 units, Acquired 12/20) | 1,081 | 995 | ||||||||||||||||||||||||||||||
11,540 | 14,736 | 13,695 | ||||||||||||||||||||||||||||||
Gulf Finance, LLC (0.1%)*(8) (9) | Oil & Gas Exploration & Production | First Lien Senior Secured Term Loan (LIBOR + 6.75%, 7.8% Cash, Acquired 11/21, Due 08/26) | 829 | 798 | 756 | |||||||||||||||||||||||||||
829 | 798 | 756 | ||||||||||||||||||||||||||||||
Hawaiian Airlines 2020-1 Class B Pass Through Certificates (0.4%)* | Airlines | Structured Secured Note - Class B (11.3% Cash, Acquired 08/20, Due 09/25) | 5,389 | 5,389 | 5,874 | |||||||||||||||||||||||||||
5,389 | 5,389 | 5,874 |
Portfolio Company(6) | Industry | Type of Investment(1) (2) | Principal Amount | Cost | Fair Value | |||||||||||||||||||||||||||
Heartland Veterinary Partners, LLC (0.7%)*(7) | Healthcare | Subordinated Term Loan (11.0% PIK, Acquired 11/21, Due 11/28) | $ | 9,343 | $ | 9,103 | $ | 9,124 | ||||||||||||||||||||||||
9,343 | 9,103 | 9,124 | ||||||||||||||||||||||||||||||
Heartland, LLC (1.1%)*(7) (8) (10) | Business Services | First Lien Senior Secured Term Loan (LIBOR + 4.75%, 5.8% Cash, Acquired 08/19, Due 08/25) | 14,040 | 13,948 | 13,818 | |||||||||||||||||||||||||||
14,040 | 13,948 | 13,818 | ||||||||||||||||||||||||||||||
Heavy Construction Systems Specialists, LLC (0.5%)*(7) (8) (10) | Technology | First Lien Senior Secured Term Loan (LIBOR + 5.75%, 6.5% Cash, Acquired 11/21, Due 11/27) | 7,368 | 7,228 | 7,239 | |||||||||||||||||||||||||||
Revolver (LIBOR + 5.75%, 6.5% Cash, Acquired 11/21, Due 11/27) | — | (49) | (46) | |||||||||||||||||||||||||||||
7,368 | 7,179 | 7,193 | ||||||||||||||||||||||||||||||
Heilbron (f/k/a Sucsez (Bolt Bidco B.V.)) (0.6%)*(3) (7) (8) (16) | Insurance | First Lien Senior Secured Term Loan (EURIBOR + 5.0%, 5.0% Cash, Acquired 09/19, Due 09/26) | 8,599 | 9,380 | 8,444 | |||||||||||||||||||||||||||
8,599 | 9,380 | 8,444 | ||||||||||||||||||||||||||||||
Highpoint Global LLC (0.4%)*(7) (29) | Government Services | Second Lien Note (12.0% Cash, 2.0% PIK, Acquired 12/20, Due 09/22) | 5,461 | 5,440 | 5,461 | |||||||||||||||||||||||||||
5,461 | 5,440 | 5,461 | ||||||||||||||||||||||||||||||
Holland Acquisition Corp. (0.0%)*(7) (8) (9) (28) (31) | Energy: Oil & Gas | First Lien Senior Secured Term Loan (LIBOR + 9.0%, 10.0% Cash, Acquired 02/22, Due 05/22) | 3,754 | — | — | |||||||||||||||||||||||||||
3,754 | — | — | ||||||||||||||||||||||||||||||
Home Care Assistance, LLC (0.3%)*(7) (8) (10) | Healthcare & Pharmaceuticals | First Lien Senior Secured Term Loan (LIBOR + 4.75%, 5.8% Cash, Acquired 03/21, Due 03/27) | 3,821 | 3,756 | 3,756 | |||||||||||||||||||||||||||
3,821 | 3,756 | 3,756 | ||||||||||||||||||||||||||||||
HTI Technology & Industries (1.7%)* (7) (29) | Electronic Component Manufacturing | Second Lien Note (12.0% Cash, 4.0% PIK, Acquired 12/20, Due 09/24) | 23,068 | 22,429 | 22,560 | |||||||||||||||||||||||||||
23,068 | 22,429 | 22,560 | ||||||||||||||||||||||||||||||
HW Holdco, LLC (Hanley Wood LLC) (0.8%)*(7) (8) (9) | Advertising | First Lien Senior Secured Term Loan (LIBOR + 5.0%, 6.0% Cash, Acquired 12/18, Due 12/24) | 11,068 | 10,877 | 10,852 | |||||||||||||||||||||||||||
11,068 | 10,877 | 10,852 | ||||||||||||||||||||||||||||||
IGL Holdings III Corp. (0.3%)*(7) (8) (10) | Commercial Printing | First Lien Senior Secured Term Loan (LIBOR + 5.75%, 6.8% Cash, Acquired 11/20, Due 11/26) | 4,315 | 4,227 | 4,229 | |||||||||||||||||||||||||||
4,315 | 4,227 | 4,229 | ||||||||||||||||||||||||||||||
IM Analytics Holding, LLC (d/b/a NVT) (0.5%)*(7) (8) | Electronic Instruments & Components | First Lien Senior Secured Term Loan (LIBOR + 7.0%, 8.0% Cash, Acquired 11/19, Due 11/23)(10) | 8,106 | 8,069 | 6,416 | |||||||||||||||||||||||||||
Warrant (68,950 units, Acquired 11/19) | — | — | ||||||||||||||||||||||||||||||
8,106 | 8,069 | 6,416 | ||||||||||||||||||||||||||||||
IM Square (0.5%)*(3) (7) (8) (17) | Banking, Finance, Insurance & Real Estate | First Lien Senior Secured Term Loan (EURIBOR + 5.25%, 5.3% Cash, Acquired 05/21, Due 04/28) | 6,898 | 7,272 | 6,774 | |||||||||||||||||||||||||||
6,898 | 7,272 | 6,774 | ||||||||||||||||||||||||||||||
Infoniqa Holdings GmbH (0.2%)*(3) (7) (8) (16) | Technology | First Lien Senior Secured Term Loan (EURIBOR + 5.25%, 5.3% Cash, Acquired 11/21, Due 11/28) | 2,924 | 2,895 | 2,853 | |||||||||||||||||||||||||||
2,924 | 2,895 | 2,853 | ||||||||||||||||||||||||||||||
Innovad Group II BV (0.4%)*(3) (7) (8) (16) | Beverage, Food & Tobacco | First Lien Senior Secured Term Loan (EURIBOR + 5.75%, 5.8% Cash, Acquired 04/21, Due 04/28) | 6,121 | 6,327 | 5,583 | |||||||||||||||||||||||||||
6,121 | 6,327 | 5,583 | ||||||||||||||||||||||||||||||
Innovative XCessories & Services, LLC (0.2%)*(8) (10) (31) | Automotive | First Lien Senior Secured Term Loan (LIBOR + 4.25%, 5.3% Cash, Acquired 02/22, Due 03/27) | 2,946 | 2,892 | 2,762 | |||||||||||||||||||||||||||
2,946 | 2,892 | 2,762 | ||||||||||||||||||||||||||||||
INOS 19-090 GmbH (0.4%)*(3) (7) (8) (16) | Aerospace & Defense | First Lien Senior Secured Term Loan (EURIBOR + 6.13%, 6.1% Cash, Acquired 12/20, Due 12/27) | 5,157 | 5,501 | 5,157 | |||||||||||||||||||||||||||
5,157 | 5,501 | 5,157 | ||||||||||||||||||||||||||||||
Iqor US Inc. (0.2%)*(8) (9) (31) | Services: Business | First Lien Senior Secured Term Loan (LIBOR + 7.5%, 8.5% Cash, Acquired 02/22, Due 11/24) | 2,710 | 2,738 | 2,696 | |||||||||||||||||||||||||||
2,710 | 2,738 | 2,696 | ||||||||||||||||||||||||||||||
Isagenix International, LLC (0.1%)*(8) (10) (31) | Wholesale | First Lien Senior Secured Term Loan (LIBOR + 5.75%, 6.8% Cash, Acquired 02/22, Due 06/25) | 1,645 | 1,208 | 1,033 | |||||||||||||||||||||||||||
1,645 | 1,208 | 1,033 | ||||||||||||||||||||||||||||||
Portfolio Company(6) | Industry | Type of Investment(1) (2) | Principal Amount | Cost | Fair Value | |||||||||||||||||||||||||||
ISS#2, LLC (d/b/a Industrial Services Solutions) (0.5%)*(7) (8) (10) | Commercial Services & Supplies | First Lien Senior Secured Term Loan (LIBOR + 5.5%, 6.5% Cash, Acquired 02/20, Due 02/26) | $ | 6,720 | $ | 6,628 | $ | 6,431 | ||||||||||||||||||||||||
6,720 | 6,628 | 6,431 | ||||||||||||||||||||||||||||||
ITI Intermodal, Inc. (0.1%)*(7) | Transportation Services | First Lien Senior Secured Term Loan (LIBOR + 4.75%, 5.8% Cash, Acquired 12/21, Due 12/27)(8) (10) | 721 | 706 | 706 | |||||||||||||||||||||||||||
Revolver (LIBOR + 4.75%, 5.8% Cash, Acquired 12/21, Due 12/27)(8) (10) | — | (2) | (2) | |||||||||||||||||||||||||||||
Common Stock (1,433.37 shares, Acquired 01/22) | 144 | 143 | ||||||||||||||||||||||||||||||
721 | 848 | 847 | ||||||||||||||||||||||||||||||
Ivanti Software, Inc. (0.4%)*(8) (10) (31) | High Tech Industries | Second Lien Senior Secured Term Loan (LIBOR + 7.25%, 7.8% Cash, Acquired 02/22, Due 12/28) | 6,000 | 5,989 | 5,910 | |||||||||||||||||||||||||||
6,000 | 5,989 | 5,910 | ||||||||||||||||||||||||||||||
Jade Bidco Limited (Jane's) (2.3%)*(3) (7) (8) | Aerospace & Defense | First Lien Senior Secured Term Loan (LIBOR + 6.25%, 6.3% Cash, Acquired 11/19, Due 02/29)(11) | 26,714 | 26,052 | 26,085 | |||||||||||||||||||||||||||
First Lien Senior Secured Term Loan (EURIBOR + 6.25%, 6.3% Cash, Acquired 11/19, Due 02/29)(17) | 4,256 | 4,074 | 4,150 | |||||||||||||||||||||||||||||
30,970 | 30,126 | 30,235 | ||||||||||||||||||||||||||||||
Jaguar Merger Sub Inc. (0.2%)*(7) (8) (10) | Other Financial | First Lien Senior Secured Term Loan (LIBOR + 5.25%, 6.3% Cash, Acquired 12/21, Due 09/24) | 2,722 | 2,671 | 2,671 | |||||||||||||||||||||||||||
Revolver (LIBOR + 5.25%, 6.3% Cash, Acquired 12/21, Due 09/24) | — | (6) | (6) | |||||||||||||||||||||||||||||
2,722 | 2,665 | 2,665 | ||||||||||||||||||||||||||||||
Jedson Engineering, Inc. (0.2%)*(7) (29) | Engineering & Construction Management | First Lien Loan (12.0% Cash, Acquired 12/20, Due 06/24) | 2,650 | 2,650 | 2,650 | |||||||||||||||||||||||||||
2,650 | 2,650 | 2,650 | ||||||||||||||||||||||||||||||
JetBlue 2019-1 Class B Pass Through Trust (0.3%)* | Airlines | Structured Secured Note - Class B (8.0% Cash, Acquired 08/20, Due 11/27) | 4,165 | 4,165 | 4,437 | |||||||||||||||||||||||||||
4,165 | 4,165 | 4,437 | ||||||||||||||||||||||||||||||
JF Acquisition, LLC (0.3%)*(7) (8) (10) | Automotive | First Lien Senior Secured Term Loan (LIBOR + 5.5%, 6.5% Cash, Acquired 05/21, Due 07/24) | 3,856 | 3,759 | 3,687 | |||||||||||||||||||||||||||
3,856 | 3,759 | 3,687 | ||||||||||||||||||||||||||||||
Jon Bidco Limited (0.6%)*(3) (7) (8) (27) | Healthcare | First Lien Senior Secured Term Loan (BKBM + 5.5%, 6.0% Cash, Acquired 03/22, Due 03/27) | 8,319 | 8,065 | 8,047 | |||||||||||||||||||||||||||
8,319 | 8,065 | 8,047 | ||||||||||||||||||||||||||||||
Jones Fish Hatcheries & Distributors LLC (0.2%)*(7) | Consumer Products | First Lien Senior Secured Term Loan (LIBOR + 5.75%, 6.8% Cash, Acquired 02/22, Due 02/28)(8) (10) | 2,785 | 2,730 | 2,729 | |||||||||||||||||||||||||||
Revolver (LIBOR + 5.75%, 6.8% Cash, Acquired 02/22, Due 02/28)(8) (11) | — | (8) | (8) | |||||||||||||||||||||||||||||
LLC Units (974.68 units, Acquired 02/22) | 97 | 97 | ||||||||||||||||||||||||||||||
2,785 | 2,819 |