UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
| x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the quarterly period ended March 31, 2022
OR
| ¨ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Commission file number: 814-00866
MONROE CAPITAL CORPORATION
(Exact Name of Registrant as Specified in its Charter)
| Maryland | 27-4895840 | |
| (State or Other Jurisdiction of Incorporation or Organization) |
(I.R.S. Employer Identification No.) | |
| 311 South Wacker Drive, Suite 6400 Chicago, Illinois |
60606 | |
| (Address of Principal Executive Office) | (Zip Code) |
(312) 258-8300
(Registrant’s Telephone Number, Including Area Code)
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||
| Common Stock, par value $0.001 per share | MRCC | The Nasdaq Global Select Market |
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ¨ | Accelerated filer | ¨ |
| Non-accelerated filer | x | 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. ¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x
As of May 2, 2022, the registrant had 21,666,340 shares of common stock, $0.001 par value, outstanding.
TABLE OF CONTENTS
Item 1. Consolidated Financial Statements
MONROE CAPITAL CORPORATION
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES
(in thousands, except per share data)
| March 31, 2022 | December 31, 2021 | |||||||
| (unaudited) | ||||||||
| ASSETS | ||||||||
| Investments, at fair value: | ||||||||
| Non-controlled/non-affiliate company investments | $ | 414,135 | $ | 430,287 | ||||
| Non-controlled affiliate company investments | 91,644 | 90,281 | ||||||
| Controlled affiliate company investments | 40,210 | 41,125 | ||||||
| Total investments, at fair value (amortized cost of: $563,635 and $576,178, respectively) | 545,989 | 561,693 | ||||||
| Cash | 7,337 | 2,622 | ||||||
| Restricted cash | — | 15,459 | ||||||
| Unrealized gain on foreign currency forward contracts | 365 | 781 | ||||||
| Interest receivable | 10,431 | 9,476 | ||||||
| Other assets | 720 | 427 | ||||||
| Total assets | 564,842 | 590,458 | ||||||
| LIABILITIES | ||||||||
| Debt: | ||||||||
| Revolving credit facility | 188,300 | 151,045 | ||||||
| 2026 Notes | 130,000 | 130,000 | ||||||
| SBA debentures payable | — | 56,900 | ||||||
| Total debt | 318,300 | 337,945 | ||||||
| Less: Unamortized deferred financing costs | (4,154 | ) | (5,794 | ) | ||||
| Total debt, less unamortized deferred financing costs | 314,146 | 332,151 | ||||||
| Interest payable | 1,203 | 3,304 | ||||||
| Management fees payable | 2,288 | 2,454 | ||||||
| Incentive fees payable | — | 435 | ||||||
| Accounts payable and accrued expenses | 2,269 | 2,643 | ||||||
| Directors' fees payable | 35 | — | ||||||
| Total liabilities | 319,941 | 340,987 | ||||||
| Net assets | $ | 244,901 | $ | 249,471 | ||||
| Commitments and contingencies (See Note 11) | ||||||||
| ANALYSIS OF NET ASSETS | ||||||||
| Common stock, $0.001 par value, 100,000 shares authorized, 21,666 and 21,666 shares issued and outstanding, respectively | $ | 22 | $ | 22 | ||||
| Capital in excess of par value | 298,687 | 298,687 | ||||||
| Accumulated undistributed (overdistributed) earnings | (53,808 | ) | (49,238 | ) | ||||
| Total net assets | $ | 244,901 | $ | 249,471 | ||||
| Net asset value per share | $ | 11.30 | $ | 11.51 | ||||
See Notes to Consolidated Financial Statements.
3
MONROE CAPITAL CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
(in thousands, except per share data)
| Three months ended March 31, | ||||||||
| 2022 | 2021 | |||||||
| Investment income: | ||||||||
| Non-controlled/non-affiliate company investments: | ||||||||
| Interest income | $ | 8,655 | $ | 8,233 | ||||
| Payment-in-kind interest income | 657 | 654 | ||||||
| Dividend income | 64 | 20 | ||||||
| Fee income | — | 477 | ||||||
| Total investment income from non-controlled/non-affiliate company investments | 9,376 | 9,384 | ||||||
| Non-controlled affiliate company investments: | ||||||||
| Interest income | 1,006 | 1,562 | ||||||
| Payment-in-kind interest income | 1,164 | 1,025 | ||||||
| Dividend income | 45 | 42 | ||||||
| Total investment income from non-controlled affiliate company investments | 2,215 | 2,629 | ||||||
| Controlled affiliate company investments: | ||||||||
| Dividend income | 900 | 1,200 | ||||||
| Total investment income from controlled affiliate company investments | 900 | 1,200 | ||||||
| Total investment income | 12,491 | 13,213 | ||||||
| Operating expenses: | ||||||||
| Interest and other debt financing expenses | 3,922 | 4,453 | ||||||
| Base management fees | 2,343 | 2,334 | ||||||
| Incentive fees | 408 | 830 | ||||||
| Professional fees | 280 | 226 | ||||||
| Administrative service fees | 330 | 356 | ||||||
| General and administrative expenses | 219 | 260 | ||||||
| Directors' fees | 35 | 35 | ||||||
| Expenses before base management fee and incentive fee waivers | 7,537 | 8,494 | ||||||
| Base management fee waivers | (55 | ) | — | |||||
| Incentive fee waivers | (408 | ) | (637 | ) | ||||
| Total expenses, net of base management fee and incentive fee waivers | 7,074 | 7,857 | ||||||
| Net investment income before income taxes | 5,417 | 5,356 | ||||||
| Income taxes, including excise taxes | 19 | 30 | ||||||
| Net investment income | 5,398 | 5,326 | ||||||
| Net gain (loss): | ||||||||
| Net realized gain (loss): | ||||||||
| Non-controlled/non-affiliate company investments | (103 | ) | 58 | |||||
| Non-controlled affiliate company investments | — | (250 | ) | |||||
| Extinguishment of debt | (1,039 | ) | (2,774 | ) | ||||
| Foreign currency forward contracts | 12 | (38 | ) | |||||
| Foreign currency and other transactions | (9 | ) | (14 | ) | ||||
| Net realized gain (loss) | (1,139 | ) | (3,018 | ) | ||||
| Net change in unrealized gain (loss): | ||||||||
| Non-controlled/non-affiliate company investments | (1,857 | ) | 4,641 | |||||
| Non-controlled affiliate company investments | (389 | ) | (1,802 | ) | ||||
| Controlled affiliate company investments | (915 | ) | 1,783 | |||||
| Foreign currency forward contracts | (416 | ) | 334 | |||||
| Foreign currency and other transactions | 165 | (209 | ) | |||||
| Net change in unrealized gain (loss) | (3,412 | ) | 4,747 | |||||
| Net gain (loss) | (4,551 | ) | 1,729 | |||||
| Net increase (decrease) in net assets resulting from operations | $ | 847 | $ | 7,055 | ||||
| Per common share data: | ||||||||
| Net investment income per share - basic and diluted | $ | 0.25 | $ | 0.25 | ||||
| Net increase (decrease) in net assets resulting from operations per share - basic and diluted | $ | 0.04 | $ | 0.33 | ||||
| Weighted average common shares outstanding - basic and diluted | 21,666 | 21,304 | ||||||
See Notes to Consolidated Financial Statements.
4
MONROE CAPITAL CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS
(unaudited)
(in thousands)
| Accumulated | ||||||||||||||||||||
| Common Stock | undistributed | |||||||||||||||||||
| Number of | Par | Capital in excess | (overdistributed) | Total | ||||||||||||||||
| shares | value | of par value | earnings | net assets | ||||||||||||||||
| Balances at December 31, 2020 | 21,304 | $ | 21 | $ | 294,897 | $ | (60,484 | ) | $ | 234,434 | ||||||||||
| Net investment income | — | — | — | 5,326 | 5,326 | |||||||||||||||
| Net realized gain (loss) | — | — | — | (3,018 | ) | (3,018 | ) | |||||||||||||
| Net change in unrealized gain (loss) | — | — | — | 4,747 | 4,747 | |||||||||||||||
| Distributions to stockholders | — | — | — | (5,326 | ) | (5,326 | ) | |||||||||||||
| Balances at March 31, 2021 | 21,304 | $ | 21 | $ | 294,897 | $ | (58,755 | ) | $ | 236,163 | ||||||||||
| Balances at December 31, 2021 | 21,666 | $ | 22 | $ | 298,687 | $ | (49,238 | ) | $ | 249,471 | ||||||||||
| Net investment income | — | — | — | 5,398 | 5,398 | |||||||||||||||
| Net realized gain (loss) | — | — | — | (1,139 | ) | (1,139 | ) | |||||||||||||
| Net change in unrealized gain (loss) | — | — | — | (3,412 | ) | (3,412 | ) | |||||||||||||
| Distributions to stockholders | — | — | — | (5,417 | ) | (5,417 | ) | |||||||||||||
| Balances at March 31, 2022 | 21,666 | $ | 22 | $ | 298,687 | $ | (53,808 | ) | $ | 244,901 | ||||||||||
See Notes to Consolidated Financial Statements.
5
MONROE CAPITAL CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited)
(in thousands)
| Three months ended March 31, | ||||||||
| 2022 | 2021 | |||||||
| Cash flows from operating activities: | ||||||||
| Net increase (decrease) in net assets resulting from operations | $ | 847 | $ | 7,055 | ||||
| Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | ||||||||
| Net realized (gain) loss on investments | 103 | 192 | ||||||
| Net realized (gain) loss on extinguishment of debt | 1,039 | 2,774 | ||||||
| Net realized (gain) loss on foreign currency forward contracts | (12 | ) | 38 | |||||
| Net realized (gain) loss on foreign currency and other transactions | 9 | 14 | ||||||
| Net change in unrealized (gain) loss on investments | 3,161 | (4,622 | ) | |||||
| Net change in unrealized (gain) loss on foreign currency forward contracts | 416 | (334 | ) | |||||
| Net change in unrealized (gain) loss on foreign currency and other transactions | (165 | ) | 209 | |||||
| Payment-in-kind interest income | (1,821 | ) | (1,679 | ) | ||||
| Net accretion of discounts and amortization of premiums | (378 | ) | (352 | ) | ||||
| Purchases of investments | (21,567 | ) | (43,744 | ) | ||||
| Proceeds from principal payments, sales of investments and settlement of forward contracts | 36,218 | 75,827 | ||||||
| Amortization of deferred financing costs | 601 | 601 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Interest receivable | (955 | ) | (1,338 | ) | ||||
| Other assets | (293 | ) | 11 | |||||
| Interest payable | (2,101 | ) | (955 | ) | ||||
| Management fees payable | (166 | ) | 356 | |||||
| Incentive fees payable | (435 | ) | 193 | |||||
| Accounts payable and accrued expenses | (374 | ) | (464 | ) | ||||
| Directors' fees payable | 35 | 35 | ||||||
| Net cash provided by (used in) operating activities | 14,162 | 33,817 | ||||||
| Cash flows from financing activities: | ||||||||
| Borrowings on revolving credit facility | 71,700 | 113,600 | ||||||
| Repayments of revolving credit facility | (34,299 | ) | (147,450 | ) | ||||
| Repayment of 2023 Notes | — | (109,000 | ) | |||||
| Proceeds from 2026 Notes | — | 130,000 | ||||||
| Repayment of SBA debentures | (56,900 | ) | (28,100 | ) | ||||
| Payments of deferred financing costs | — | (4,038 | ) | |||||
| Stockholder distributions paid, net of stock issued under the dividend reinvestment plan of $0 and $0, respectively | (5,417 | ) | (5,326 | ) | ||||
| Net cash provided by (used in) financing activities | (24,916 | ) | (50,314 | ) | ||||
| Net increase (decrease) in Cash and Restricted cash | (10,754 | ) | (16,497 | ) | ||||
| Effect of foreign currency exchange rates | 10 | (41 | ) | |||||
| Cash and Restricted cash, beginning of period | 18,081 | 32,426 | ||||||
| Cash and Restricted cash, end of period | $ | 7,337 | $ | 15,888 | ||||
| Supplemental disclosure of cash flow information: | ||||||||
| Cash interest paid during the period | $ | 5,386 | $ | 4,774 | ||||
| Cash paid for income taxes, including excise taxes during the period | $ | 276 | $ | 400 | ||||
The following tables provide a reconciliation of cash and restricted cash reported on the Consolidated Statements of Assets and Liabilities that sum to the total of the same such amounts on the Consolidated Statements of Cash Flows:
| March 31, 2022 | December 31, 2021 | |||||||
| Cash | $ | 7,337 | $ | 2,622 | ||||
| Restricted cash | — | 15,459 | ||||||
| Total cash and restricted cash shown on the Consolidated Statements of Cash Flows | $ | 7,337 | $ | 18,081 | ||||
| March 31, 2021 | December 31, 2020 | |||||||
| Cash | $ | 7,723 | $ | 6,769 | ||||
| Restricted cash | 8,165 | 25,657 | ||||||
| Total cash and restricted cash shown on the Consolidated Statements of Cash Flows | $ | 15,888 | $ | 32,426 | ||||
See Notes to Consolidated Financial Statements.
6
MONROE CAPITAL CORPORATION
CONSOLIDATED SCHEDULE OF INVESTMENTS
(unaudited)
March 31, 2022
(in thousands, except for shares and units)
| Portfolio Company (a) | Spread
Above Index (b) | Interest Rate | Acquisition Date (c) | Maturity | Principal | Amortized Cost | Fair Value (d) | %
of Net Assets (e) | ||||||||||||||||
| Non-Controlled/Non-Affiliate Company Investments | ||||||||||||||||||||||||
| Senior Secured Loans | ||||||||||||||||||||||||
| Automotive | ||||||||||||||||||||||||
| Born To Run, LLC | L+6.00% | 7.01 | % | 4/1/2021 | 4/1/2027 | 3,474 | $ | 3,414 | $ | 3,492 | 1.4 | % | ||||||||||||
| Born To Run, LLC (Delayed Draw) (f) (g) | L+6.00% | 7.01 | % | 4/1/2021 | 4/1/2027 | 569 | 33 | 34 | 0.0 | % | ||||||||||||||
| Hastings Manufacturing Company | L+7.25% | 8.25 | % | 4/24/2018 | 4/24/2023 | 2,468 | 2,456 | 2,468 | 1.0 | % | ||||||||||||||
| Lifted Trucks Holdings, LLC | L+5.75% | 6.75 | % | 8/2/2021 | 8/2/2027 | 6,983 | 6,855 | 6,955 | 2.9 | % | ||||||||||||||
| Lifted Trucks Holdings, LLC (Delayed Draw) (f) (g) | L+5.75% | 6.75 | % | 8/2/2021 | 8/2/2027 | 1,400 | — | — | 0.0 | % | ||||||||||||||
| Lifted Trucks Holdings, LLC (Revolver) (f) | L+5.75% | 6.75 | % | 8/2/2021 | 8/2/2027 | 1,667 | — | — | 0.0 | % | ||||||||||||||
| Magneto & Diesel Acquisition, Inc. | L+5.50% | 6.50 | % | 12/18/2018 | 12/18/2023 | 4,838 | 4,805 | 4,838 | 2.0 | % | ||||||||||||||
| Magneto & Diesel Acquisition, Inc. | L+5.50% | 6.50 | % | 7/6/2020 | 12/18/2023 | 1,904 | 1,884 | 1,923 | 0.8 | % | ||||||||||||||
| Magneto & Diesel Acquisition, Inc. | L+5.50% | 6.50 | % | 8/4/2021 | 12/18/2023 | 79 | 78 | 80 | 0.0 | % | ||||||||||||||
| Magneto & Diesel Acquisition, Inc. (Revolver) (f) | L+5.50% | 6.50 | % | 12/18/2018 | 12/18/2023 | 500 | — | — | 0.0 | % | ||||||||||||||
| 23,882 | 19,525 | 19,790 | 8.1 | % | ||||||||||||||||||||
| Banking | ||||||||||||||||||||||||
| MV Receivables II, LLC (Delayed Draw) (f) (g) (h) | L+9.75% | 11.25 | % | 7/29/2021 | 7/29/2026 | 8,000 | 1,694 | 1,997 | 0.8 | % | ||||||||||||||
| StarCompliance MidCo, LLC | L+6.75% | 7.75 | % | 1/12/2021 | 1/12/2027 | 2,000 | 1,967 | 2,000 | 0.8 | % | ||||||||||||||
| StarCompliance MidCo, LLC | L+6.75% | 7.75 | % | 10/12/2021 | 1/12/2027 | 336 | 329 | 336 | 0.2 | % | ||||||||||||||
| StarCompliance MidCo, LLC (Revolver) (f) | L+6.75% | 7.75 | % | 1/12/2021 | 1/12/2027 | 322 | — | — | 0.0 | % | ||||||||||||||
| 10,658 | 3,990 | 4,333 | 1.8 | % | ||||||||||||||||||||
| Beverage, Food & Tobacco | ||||||||||||||||||||||||
| LVF Holdings, Inc. | L+6.25% | 7.26 | % | 6/10/2021 | 6/10/2027 | 1,496 | 1,470 | 1,496 | 0.6 | % | ||||||||||||||
| LVF Holdings, Inc. | L+6.25% | 7.26 | % | 6/10/2021 | 6/10/2027 | 1,432 | 1,432 | 1,432 | 0.6 | % | ||||||||||||||
| LVF Holdings, Inc. (Delayed Draw) (f) (g) | L+6.25% | 7.26 | % | 6/10/2021 | 6/10/2027 | 344 | — | — | 0.0 | % | ||||||||||||||
| LVF Holdings, Inc. (Revolver) (f) | L+6.25% | 7.26 | % | 6/10/2021 | 6/10/2027 | 238 | 147 | 147 | 0.1 | % | ||||||||||||||
| LX/JT Intermediate Holdings, Inc. | SF+6.00% | 7.50 | % | 3/11/2020 | 3/11/2025 | 5,518 | 5,448 | 5,424 | 2.2 | % | ||||||||||||||
| LX/JT Intermediate Holdings, Inc. (Revolver) (f) | SF+6.00% | 7.50 | % | 3/11/2020 | 3/11/2025 | 833 | — | — | 0.0 | % | ||||||||||||||
| Toojay's Management LLC (i) | n/a | n/a | (j) | 10/26/2018 | 10/26/2022 | 1,448 | 1,407 | — | 0.0 | % | ||||||||||||||
| Toojay's Management LLC (i) | n/a | n/a | (j) | 10/26/2018 | 10/26/2022 | 199 | 199 | — | 0.0 | % | ||||||||||||||
| Toojay's Management LLC (Revolver) (i) | n/a | n/a | (j) | 10/26/2018 | 10/26/2022 | 66 | 66 | — | 0.0 | % | ||||||||||||||
| 11,574 | 10,169 | 8,499 | 3.5 | % | ||||||||||||||||||||
| Capital Equipment | ||||||||||||||||||||||||
| MCP Shaw Acquisitionco, LLC | SF+6.50% | 7.50 | % | 2/28/2020 | 11/28/2025 | 9,733 | 9,605 | 9,709 | 4.0 | % | ||||||||||||||
| MCP Shaw Acquisitionco, LLC | SF+6.50% | 7.50 | % | 12/29/2021 | 11/28/2025 | 2,995 | 2,938 | 2,987 | 1.2 | % | ||||||||||||||
| MCP Shaw Acquisitionco, LLC (Delayed Draw) (f) (g) | SF+6.50% | 7.50 | % | 12/29/2021 | 11/28/2025 | 983 | — | — | 0.0 | % | ||||||||||||||
| MCP Shaw Acquisitionco, LLC (Revolver) (f) | SF+6.50% | 7.50 | % | 2/28/2020 | 11/28/2025 | 1,784 | 595 | 595 | 0.2 | % | ||||||||||||||
| 15,495 | 13,138 | 13,291 | 5.4 | % | ||||||||||||||||||||
| Chemicals, Plastics & Rubber | ||||||||||||||||||||||||
| Valudor Products LLC | L+7.50% | 7.00%
Cash/ 1.50% PIK | 6/18/2018 | 6/19/2023 | 1,589 | 1,580 | 1,894 | 0.8 | % | |||||||||||||||
| Valudor Products LLC | L+7.50% | 8.50 | % | 12/22/2021 | 6/19/2023 | 548 | 548 | 1,495 | 0.6 | % | ||||||||||||||
| Valudor Products LLC (k) | L+7.50% | 8.50% PIK | 6/18/2018 | 6/19/2023 | 242 | 240 | 236 | 0.1 | % | |||||||||||||||
| Valudor Products LLC (Revolver) (f) | L+9.50% | 10.50 | % | 6/18/2018 | 6/19/2023 | 1,095 | 644 | 644 | 0.2 | % | ||||||||||||||
| 3,474 | 3,012 | 4,269 | 1.7 | % | ||||||||||||||||||||
| Construction & Building | ||||||||||||||||||||||||
| Brightly Software Holdings, Inc. (fka Dude Solutions Holdings, Inc.) | L+6.25% | 7.26 | % | 6/14/2019 | 6/13/2025 | 9,875 | 9,742 | 9,845 | 4.0 | % | ||||||||||||||
| Brightly Software Holdings, Inc. (fka Dude Solutions Holdings, Inc.) (Revolver) (f) | L+6.25% | 7.26 | % | 6/14/2019 | 6/13/2025 | 1,304 | 522 | 520 | 0.2 | % | ||||||||||||||
| TCFIII OWL Buyer LLC | L+6.00% | 7.00 | % | 4/19/2021 | 4/17/2026 | 2,035 | 2,005 | 2,035 | 0.9 | % | ||||||||||||||
| TCFIII OWL Buyer LLC | L+6.00% | 7.00 | % | 4/19/2021 | 4/17/2026 | 2,484 | 2,484 | 2,484 | 1.0 | % | ||||||||||||||
| TCFIII OWL Buyer LLC | L+6.00% | 7.00 | % | 12/17/2021 | 4/17/2026 | 2,229 | 2,193 | 2,229 | 0.9 | % | ||||||||||||||
| 17,927 | 16,946 | 17,113 | 7.0 | % | ||||||||||||||||||||
| Consumer Goods: Durable | ||||||||||||||||||||||||
| Independence Buyer, Inc. | L+5.75% | 6.75 | % | 8/3/2021 | 8/3/2026 | 5,985 | 5,879 | 5,985 | 2.5 | % | ||||||||||||||
| Independence Buyer, Inc. (Revolver) (f) | L+5.75% | 6.75 | % | 8/3/2021 | 8/3/2026 | 1,423 | — | — | 0.0 | % | ||||||||||||||
| Recycled Plastics Industries, LLC | L+6.75% | 7.75 | % | 8/4/2021 | 8/4/2026 | 3,483 | 3,421 | 3,469 | 1.4 | % | ||||||||||||||
| Recycled Plastics Industries, LLC (Revolver) (f) | L+6.75% | 7.75 | % | 8/4/2021 | 8/4/2026 | 473 | 331 | 330 | 0.1 | % | ||||||||||||||
| 11,364 | 9,631 | 9,784 | 4.0 | % | ||||||||||||||||||||
| Consumer Goods: Non-Durable | ||||||||||||||||||||||||
| The Kyjen Company, LLC | L+6.50% | 7.50 | % | 5/14/2021 | 4/3/2026 | 990 | 981 | 994 | 0.4 | % | ||||||||||||||
| The Kyjen Company, LLC (Revolver) (f) | L+6.50% | 7.50 | % | 5/14/2021 | 4/3/2026 | 105 | 29 | 29 | 0.0 | % | ||||||||||||||
| Thrasio, LLC | L+7.00% | 8.01 | % | 12/18/2020 | 12/18/2026 | 2,464 | 2,455 | 2,455 | 1.0 | % | ||||||||||||||
| 3,559 | 3,465 | 3,478 | 1.4 | % | ||||||||||||||||||||
| Environmental Industries | ||||||||||||||||||||||||
| Quest Resource Management Group, LLC | L+6.50% | 7.50 | % | 10/19/2020 | 10/20/2025 | 988 | 922 | 987 | 0.4 | % | ||||||||||||||
| Quest Resource Management Group, LLC | L+6.50% | 7.50 | % | 10/19/2020 | 10/20/2025 | 1,084 | 1,084 | 1,084 | 0.4 | % | ||||||||||||||
| Quest Resource Management Group, LLC | L+6.50% | 7.50 | % | 12/7/2021 | 10/20/2025 | 3,856 | 3,784 | 3,839 | 1.6 | % | ||||||||||||||
| Quest Resource Management Group, LLC (Delayed Draw) (f) (g) | L+6.50% | 7.50 | % | 12/7/2021 | 10/20/2025 | 1,778 | 389 | 387 | 0.2 | % | ||||||||||||||
| Synergy Environmental Corporation | L+6.00% | 7.00 | % | 4/29/2016 | 9/29/2023 | 2,845 | 2,840 | 2,845 | 1.1 | % | ||||||||||||||
| Synergy Environmental Corporation | L+6.00% | 7.00 | % | 4/29/2016 | 9/29/2023 | 476 | 476 | 476 | 0.2 | % | ||||||||||||||
| Synergy Environmental Corporation | L+6.00% | 7.00 | % | 4/29/2016 | 9/29/2023 | 806 | 806 | 806 | 0.3 | % | ||||||||||||||
| Synergy Environmental Corporation (Revolver) (f) | L+6.00% | 7.00 | % | 4/29/2016 | 9/29/2023 | 671 | — | — | 0.0 | % | ||||||||||||||
| 12,504 | 10,301 | 10,424 | 4.2 | % | ||||||||||||||||||||
| FIRE: Finance | ||||||||||||||||||||||||
| J2 BWA Funding LLC (Delayed Draw) (f) (g) (h) | n/a | 9.00 | % | 12/24/2020 | 12/24/2026 | 2,710 | 940 | 926 | 0.4 | % | ||||||||||||||
| Liftforward SPV II, LLC (h) | L+10.75% | 11.25 | % | 11/10/2016 | 9/30/2022 | 557 | 557 | 543 | 0.2 | % | ||||||||||||||
| Oceana Australian Fixed Income Trust (h) (l) (m) | n/a | 10.75 | % | 6/29/2021 | 6/29/2026 | 3,387 | 3,400 | 3,387 | 1.4 | % | ||||||||||||||
| Oceana Australian Fixed Income Trust (h) (l) (m) | n/a | 11.50 | % | 2/25/2021 | 2/25/2026 | 8,040 | 8,460 | 8,040 | 3.3 | % | ||||||||||||||
| W3 Monroe RE Debt LLC (h) | n/a | 10.00% PIK | 2/5/2021 | 2/4/2028 | 2,982 | 2,982 | 2,982 | 1.2 | % | |||||||||||||||
| 17,676 | 16,339 | 15,878 | 6.5 | % | ||||||||||||||||||||
| FIRE: Real Estate | ||||||||||||||||||||||||
| Florida East Coast Industries, LLC (h) | n/a | 10.50 | % | 8/9/2021 | 6/28/2024 | 2,301 | 2,246 | 2,278 | 0.9 | % | ||||||||||||||
| NCBP Property, LLC (h) | L+9.50% | 10.50 | % | 12/18/2020 | 12/16/2022 | 1,950 | 1,943 | 1,953 | 0.8 | % | ||||||||||||||
| 4,251 | 4,189 | 4,231 | 1.7 | % | ||||||||||||||||||||
| Healthcare & Pharmaceuticals | ||||||||||||||||||||||||
| Apotheco, LLC | L+8.50% | 6.50%
Cash/ 3.00% PIK | 4/8/2019 | 4/8/2024 | 3,651 | 3,620 | 3,502 | 1.4 | % | |||||||||||||||
| Apotheco, LLC (Revolver) | L+8.50% | 6.50%
Cash/ 3.00% PIK | 4/8/2019 | 4/8/2024 | 962 | 962 | 923 | 0.4 | % | |||||||||||||||
| Brickell Bay Acquisition Corp. | L+6.50% | 7.50 | % | 2/12/2021 | 2/12/2026 | 1,894 | 1,862 | 1,901 | 0.8 | % | ||||||||||||||
| Brickell Bay Acquisition Corp. (Delayed Draw) (f) (g) | L+6.50% | 7.50 | % | 2/12/2021 | 2/12/2026 | 382 | — | — | 0.0 | % | ||||||||||||||
| Caravel Autism Health, LLC | L+5.75% | 6.75 | % | 6/30/2021 | 6/30/2027 | 4,988 | 4,898 | 4,634 | 1.9 | % | ||||||||||||||
| Caravel Autism Health, LLC (Delayed Draw) (f) (g) | L+5.75% | 6.75 | % | 6/30/2021 | 6/30/2027 | 3,749 | 187 | 173 | 0.1 | % | ||||||||||||||
| Caravel Autism Health, LLC (Revolver) (f) | L+5.75% | 6.75 | % | 6/30/2021 | 6/30/2027 | 1,250 | 625 | 581 | 0.2 | % | ||||||||||||||
| Dorado Acquisition, Inc. | L+6.25% | 7.25 | % | 6/30/2021 | 6/30/2026 | 4,975 | 4,888 | 4,973 | 2.0 | % | ||||||||||||||
| Dorado Acquisition, Inc. (Delayed Draw) (f) (g) | L+6.25% | 7.25 | % | 6/30/2021 | 6/30/2026 | 216 | — | — | 0.0 | % | ||||||||||||||
| Dorado Acquisition, Inc. (Revolver) (f) | L+6.25% | 7.25 | % | 6/30/2021 | 6/30/2026 | 596 | — | — | 0.0 | % | ||||||||||||||
| INH Buyer, Inc. | L+6.00% | 7.01 | % | 6/30/2021 | 6/28/2028 | 2,932 | 2,905 | 2,848 | 1.2 | % | ||||||||||||||
| NationsBenefits, LLC | L+7.00% | 8.00 | % | 8/20/2021 | 8/20/2026 | 3,990 | 3,919 | 4,070 | 1.7 | % | ||||||||||||||
| NationsBenefits, LLC (Revolver) (f) | L+7.00% | 8.00 | % | 8/20/2021 | 8/20/2026 | 445 | — | — | 0.0 | % | ||||||||||||||
| Rockdale Blackhawk, LLC | n/a | n/a | (n) | 3/31/2015 | n/a | (o) | — | — | 1,681 | 0.7 | % | |||||||||||||
| Seran BioScience, LLC | L+6.25% | 7.25 | % | 12/31/2020 | 12/31/2025 | 2,475 | 2,437 | 2,478 | 1.0 | % | ||||||||||||||
| Seran BioScience, LLC (Revolver) (f) | L+6.25% | 7.25 | % | 12/31/2020 | 12/31/2025 | 444 | — | — | 0.0 | % | ||||||||||||||
| TigerConnect, Inc. | SF+6.75% | 7.75 | % | 2/16/2022 | 2/16/2028 | 3,000 | 2,942 | 3,000 | 1.2 | % | ||||||||||||||
| TigerConnect, Inc. (Delayed Draw) (f) (g) | SF+6.75% | 7.75 | % | 2/16/2022 | 2/16/2028 | 124 | — | — | 0.0 | % | ||||||||||||||
| TigerConnect, Inc. (Revolver) (f) | SF+6.75% | 7.75 | % | 2/16/2022 | 2/16/2028 | 429 | — | — | 0.0 | % | ||||||||||||||
| 36,502 | 29,245 | 30,764 | 12.6 | % | ||||||||||||||||||||
7
MONROE CAPITAL CORPORATION
CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)
(unaudited)
March 31, 2022
(in thousands, except for shares and units)
| Portfolio Company (a) | Spread
Above Index (b) | Interest Rate | Acquisition Date (c) | Maturity | Principal | Amortized Cost | Fair Value (d) | %
of Net Assets (e) | ||||||||||||||||
| High Tech Industries | ||||||||||||||||||||||||
| Arcstor Midco, LLC | L+7.00% | 8.01 | % | 3/16/2021 | 3/16/2027 | 4,455 | $ | 4,379 | $ | 4,261 | 1.7 | % | ||||||||||||
| MarkLogic Corporation | L+6.00% | 7.00 | % | 10/20/2020 | 10/20/2025 | 3,456 | 3,392 | 3,508 | 1.4 | % | ||||||||||||||
| MarkLogic Corporation | L+6.00% | 7.00 | % | 11/23/2021 | 10/20/2025 | 322 | 316 | 328 | 0.1 | % | ||||||||||||||
| MarkLogic Corporation (Delayed Draw) (f) (g) | L+6.00% | 7.00 | % | 11/23/2021 | 10/20/2025 | 215 | — | — | 0.0 | % | ||||||||||||||
| MarkLogic Corporation (Revolver) (f) | L+6.00% | 7.00 | % | 10/20/2020 | 10/20/2025 | 269 | — | — | 0.0 | % | ||||||||||||||
| Mindbody, Inc. | L+8.50% | 8.38%
Cash/ 1.50% PIK | 2/15/2019 | 2/14/2025 | 6,511 | 6,445 | 6,488 | 2.7 | % | |||||||||||||||
| Mindbody, Inc. | L+8.50% | 8.38%
Cash/ 1.50% PIK | 9/22/2021 | 2/14/2025 | 671 | 671 | 669 | 0.3 | % | |||||||||||||||
| Mindbody, Inc. (Revolver) (f) | L+8.00% | 9.38 | % | 2/15/2019 | 2/14/2025 | 667 | — | — | 0.0 | % | ||||||||||||||
| Newforma, Inc. | L+5.50% | 6.51 | % | 6/30/2017 | 6/29/2022 | 3,702 | 3,699 | 3,702 | 1.5 | % | ||||||||||||||
| Newforma, Inc. (Revolver) (f) | L+5.50% | 6.51 | % | 6/30/2017 | 6/29/2022 | 1,250 | — | — | 0.0 | % | ||||||||||||||
| Planful, Inc. | L+6.50% | 7.50 | % | 12/28/2018 | 12/30/2024 | 9,500 | 9,426 | 9,476 | 3.9 | % | ||||||||||||||
| Planful, Inc. | L+6.50% | 7.50 | % | 1/11/2021 | 12/30/2024 | 1,325 | 1,325 | 1,322 | 0.5 | % | ||||||||||||||
| Planful, Inc. (Delayed Draw) (f) (g) | L+6.50% | 7.50 | % | 2/11/2022 | 12/30/2024 | 884 | 663 | 661 | 0.3 | % | ||||||||||||||
| Planful, Inc. (Revolver) | L+6.50% | 7.50 | % | 12/28/2018 | 12/30/2024 | 442 | 442 | 441 | 0.2 | % | ||||||||||||||
| 33,669 | 30,758 | 30,856 | 12.6 | % | ||||||||||||||||||||
| Hotels, Gaming & Leisure | ||||||||||||||||||||||||
| Equine Network, LLC | L+6.00% | 7.00 | % | 12/31/2020 | 12/31/2025 | 1,733 | 1,702 | 1,717 | 0.7 | % | ||||||||||||||
| Equine Network, LLC | L+6.00% | 7.00 | % | 1/29/2021 | 12/31/2025 | 786 | 773 | 779 | 0.3 | % | ||||||||||||||
| Equine Network, LLC (Delayed Draw) (f) (g) | L+6.00% | 7.00 | % | 12/31/2020 | 12/31/2025 | 427 | — | — | 0.0 | % | ||||||||||||||
| Equine Network, LLC (Revolver) (f) | L+6.00% | 7.00 | % | 12/31/2020 | 12/31/2025 | 171 | 85 | 85 | 0.0 | % | ||||||||||||||
| 3,117 | 2,560 | 2,581 | 1.0 | % | ||||||||||||||||||||
| Media: Advertising, Printing & Publishing | ||||||||||||||||||||||||
| Destination Media, Inc. | SF+5.50% | 6.50 | % | 4/7/2017 | 10/7/2022 | 1,400 | 1,400 | 1,400 | 0.6 | % | ||||||||||||||
| Destination Media, Inc. (Revolver) (f) | SF+5.50% | 6.50 | % | 4/7/2017 | 10/7/2022 | 542 | — | — | 0.0 | % | ||||||||||||||
| North Haven USHC Acquisition, Inc. | L+6.00% | 7.00 | % | 10/30/2020 | 10/30/2025 | 2,469 | 2,431 | 2,469 | 1.0 | % | ||||||||||||||
| North Haven USHC Acquisition, Inc. | L+6.00% | 7.00 | % | 3/12/2021 | 10/30/2025 | 715 | 715 | 715 | 0.3 | % | ||||||||||||||
| North Haven USHC Acquisition, Inc. (Delayed Draw) (f) (g) | L+6.00% | 7.00 | % | 9/3/2021 | 10/30/2025 | 1,440 | 481 | 485 | 0.2 | % | ||||||||||||||
| North Haven USHC Acquisition, Inc. (Revolver) (f) | L+6.00% | 7.00 | % | 10/30/2020 | 10/30/2025 | 240 | — | — | 0.0 | % | ||||||||||||||
| Relevate Health Group, LLC | L+6.00% | 7.00 | % | 11/20/2020 | 11/20/2025 | 1,485 | 1,463 | 1,492 | 0.6 | % | ||||||||||||||
| Relevate Health Group, LLC (Delayed Draw) (f) (g) | L+6.00% | 7.00 | % | 11/20/2020 | 11/20/2025 | 783 | 664 | 668 | 0.3 | % | ||||||||||||||
| Relevate Health Group, LLC (Revolver) (f) | L+6.00% | 7.00 | % | 11/20/2020 | 11/20/2025 | 316 | — | — | 0.0 | % | ||||||||||||||
| Spherix Global Inc. | SF+6.00% | 7.00 | % | 12/22/2021 | 12/22/2026 | 1,100 | 1,082 | 1,100 | 0.4 | % | ||||||||||||||
| Spherix Global Inc. (Revolver) (f) | SF+6.00% | 7.00 | % | 12/22/2021 | 12/22/2026 | 122 | — | — | 0.0 | % | ||||||||||||||
| XanEdu Publishing, Inc. | L+6.50% | 7.50 | % | 1/28/2020 | 1/28/2025 | 4,619 | 4,550 | 4,635 | 1.9 | % | ||||||||||||||
| XanEdu Publishing, Inc. (Revolver) (f) | L+6.50% | 7.50 | % | 1/28/2020 | 1/28/2025 | 742 | — | — | 0.0 | % | ||||||||||||||
| 15,973 | 12,786 | 12,964 | 5.3 | % | ||||||||||||||||||||
| Media: Broadcasting & Subscription | ||||||||||||||||||||||||
| Vice Group Holding Inc. | L+12.00% | 5.50%
Cash/ 8.00% PIK | 5/2/2019 | 11/2/2022 | 1,558 | 1,555 | 1,558 | 0.6 | % | |||||||||||||||
| Vice Group Holding Inc. | L+12.00% | 5.50%
Cash/ 8.00% PIK | 11/4/2019 | 11/2/2022 | 299 | 298 | 299 | 0.1 | % | |||||||||||||||
| Vice Group Holding Inc. | L+12.00% | 5.50%
Cash/ 8.00% PIK | 5/2/2019 | 11/2/2022 | 488 | 488 | 488 | 0.2 | % | |||||||||||||||
| Vice Group Holding Inc. | L+12.00% | 5.50%
Cash/ 8.00% PIK | 5/2/2019 | 11/2/2022 | 184 | 184 | 184 | 0.1 | % | |||||||||||||||
| 2,529 | 2,525 | 2,529 | 1.0 | % | ||||||||||||||||||||
| Media: Diversified & Production | ||||||||||||||||||||||||
| Attom Intermediate Holdco, LLC | L+6.15% | 7.15 | % | 1/4/2019 | 1/4/2024 | 1,935 | 1,920 | 1,933 | 0.8 | % | ||||||||||||||
| Attom Intermediate Holdco, LLC | L+6.15% | 7.15 | % | 6/25/2020 | 1/4/2024 | 472 | 467 | 471 | 0.2 | % | ||||||||||||||
| Attom Intermediate Holdco, LLC | L+6.15% | 7.15 | % | 7/1/2021 | 1/4/2024 | 278 | 273 | 278 | 0.1 | % | ||||||||||||||
| Attom Intermediate Holdco, LLC (Revolver) (f) | L+5.75% | 6.75 | % | 1/4/2019 | 1/4/2024 | 320 | 224 | 224 | 0.1 | % | ||||||||||||||
| Chess.com, LLC | L+6.50% | 7.51 | % | 12/31/2021 | 12/31/2027 | 6,000 | 5,886 | 6,000 | 2.5 | % | ||||||||||||||
| Chess.com, LLC (Revolver) (f) | L+6.50% | 7.51 | % | 12/31/2021 | 12/31/2027 | 652 | — | — | 0.0 | % | ||||||||||||||
| Crownpeak Technology, Inc. | L+5.75% | 6.75 | % | 2/28/2019 | 2/28/2024 | 4,000 | 3,967 | 3,999 | 1.6 | % | ||||||||||||||
| Crownpeak Technology, Inc. | L+5.75% | 6.75 | % | 2/28/2019 | 2/28/2024 | 60 | 60 | 60 | 0.0 | % | ||||||||||||||
| Crownpeak Technology, Inc. (Revolver) (f) | L+5.75% | 6.75 | % | 2/28/2019 | 2/28/2024 | 167 | — | — | 0.0 | % | ||||||||||||||
| CyberGrants Holdings, LLC | L+6.50% | 7.25 | % | 9/8/2021 | 9/8/2027 | 12,728 | 12,555 | 12,728 | 5.2 | % | ||||||||||||||
| CyberGrants Holdings, LLC (Delayed Draw) (f) (g) | L+6.50% | 7.25 | % | 9/8/2021 | 9/8/2027 | 2,374 | — | — | 0.0 | % | ||||||||||||||
| CyberGrants Holdings, LLC (Revolver) (f) | L+6.50% | 7.50 | % | 9/8/2021 | 9/8/2027 | 1,069 | 748 | 748 | 0.3 | % | ||||||||||||||
| Spectrum Science Communications, LLC | SF+6.50% | 7.50 | % | 1/25/2022 | 1/25/2027 | 1,000 | 981 | 1,000 | 0.4 | % | ||||||||||||||
| Spectrum Science Communications, LLC (Revolver) (f) | SF+6.50% | 7.50 | % | 1/25/2022 | 1/25/2027 | 200 | — | — | 0.0 | % | ||||||||||||||
| 31,255 | 27,081 | 27,441 | 11.2 | % | ||||||||||||||||||||
| Retail | ||||||||||||||||||||||||
| BLST Operating Company, LLC | L+8.50% | 1.00%
Cash/ 9.00% PIK | (j) | 8/28/2020 | 8/28/2025 | 1,147 | 996 | 1,143 | 0.5 | % | ||||||||||||||
| Forman Mills, Inc. | L+9.50% | 8.50%
Cash/ 2.00% PIK | 1/14/2020 | 12/30/2022 | 1,336 | 1,336 | 1,334 | 0.6 | % | |||||||||||||||
| Forman Mills, Inc. | L+9.50% | 8.50%
Cash/ 2.00% PIK | 10/4/2016 | 12/30/2022 | 123 | 122 | 122 | 0.0 | % | |||||||||||||||
| Forman Mills, Inc. | L+9.50% | 8.50%
Cash/ 2.00% PIK | 10/4/2016 | 12/30/2022 | 7,623 | 7,606 | 7,608 | 3.1 | % | |||||||||||||||
| 10,229 | 10,060 | 10,207 | 4.2 | % | ||||||||||||||||||||
| Services: Business | ||||||||||||||||||||||||
| Aras Corporation | L+7.00% | 4.25%
Cash/ 3.75% PIK | 4/13/2021 | 4/13/2027 | 2,095 | 2,062 | 2,133 | 0.9 | % | |||||||||||||||
| Aras Corporation (Revolver) (f) | L+7.00% | 4.25%
Cash/ 3.75% PIK | 4/13/2021 | 4/13/2027 | 150 | — | — | 0.0 | % | |||||||||||||||
| Burroughs, Inc. | L+7.50% | 8.50 | % | 12/22/2017 | 12/22/2022 | 5,426 | 5,408 | 5,426 | 2.2 | % | ||||||||||||||
| Burroughs, Inc. (Revolver) (f) | L+7.50% | 8.50 | % | 12/22/2017 | 12/22/2022 | 1,220 | — | — | 0.0 | % | ||||||||||||||
| Certify, Inc. | L+5.50% | 6.50 | % | 2/28/2019 | 2/28/2024 | 4,394 | 4,367 | 4,378 | 1.8 | % | ||||||||||||||
| Certify, Inc. | L+5.50% | 6.50 | % | 1/21/2022 | 2/28/2024 | 499 | 490 | 498 | 0.2 | % | ||||||||||||||
| Certify, Inc. | L+5.50% | 6.50 | % | 2/28/2019 | 2/28/2024 | 599 | 599 | 597 | 0.2 | % | ||||||||||||||
| Certify, Inc. (Delayed Draw) (f) (g) | L+5.50% | 6.50 | % | 1/21/2022 | 2/28/2024 | 499 | — | — | 0.0 | % | ||||||||||||||
| Certify, Inc. (Revolver) (f) | L+5.50% | 6.50 | % | 2/28/2019 | 2/28/2024 | 200 | 50 | 50 | 0.0 | % | ||||||||||||||
| HS4 Acquisitionco, Inc. | L+6.75% | 7.76 | % | 7/9/2019 | 7/9/2025 | 9,975 | 9,854 | 9,955 | 4.1 | % | ||||||||||||||
| HS4 Acquisitionco, Inc. (Revolver) (f) | L+6.75% | 7.76 | % | 7/9/2019 | 7/9/2025 | 817 | 123 | 122 | 0.0 | % | ||||||||||||||
| IT Global Holding LLC (h) | L+9.00% | 10.00 | % | 11/15/2018 | 11/10/2023 | 3,339 | 3,314 | 4,333 | 1.8 | % | ||||||||||||||
| IT Global Holding LLC (h) | L+9.00% | 10.00 | % | 7/19/2019 | 11/10/2023 | 1,246 | 1,233 | 1,617 | 0.7 | % | ||||||||||||||
| IT Global Holding LLC (Revolver) (h) | L+9.00% | 10.00 | % | 11/15/2018 | 11/10/2023 | 875 | 875 | 1,033 | 0.4 | % | ||||||||||||||
| RedZone Robotics, Inc. | L+6.75% | 7.75 | % | 6/1/2018 | 6/5/2023 | 210 | 209 | 210 | 0.1 | % | ||||||||||||||
| RedZone Robotics, Inc. (Revolver) (f) | L+6.75% | 7.75 | % | 6/1/2018 | 6/5/2023 | 158 | — | — | 0.0 | % | ||||||||||||||
| Relativity ODA LLC | L+6.50% | 7.50% PIK | 5/12/2021 | 5/12/2027 | 1,925 | 1,884 | 1,933 | 0.8 | % | |||||||||||||||
| Relativity ODA LLC (Revolver) (f) | L+6.50% | 7.50% PIK | 5/12/2021 | 5/12/2027 | 180 | — | — | 0.0 | % | |||||||||||||||
| Security Services Acquisition Sub Corp. | L+6.00% | 7.00 | % | 9/30/2021 | 9/30/2026 | 7,960 | 7,866 | 7,932 | 3.2 | % | ||||||||||||||
| Security Services Acquisition Sub Corp. | L+6.00% | 7.00 | % | 2/15/2019 | 9/30/2026 | 3,404 | 3,377 | 3,392 | 1.4 | % | ||||||||||||||
| Security Services Acquisition Sub Corp. | L+6.00% | 7.00 | % | 2/15/2019 | 9/30/2026 | 2,449 | 2,449 | 2,440 | 1.0 | % | ||||||||||||||
| Security Services Acquisition Sub Corp. | L+6.00% | 7.00 | % | 2/15/2019 | 9/30/2026 | 2,151 | 2,151 | 2,144 | 0.9 | % | ||||||||||||||
| Security Services Acquisition Sub Corp. | L+6.00% | 7.00 | % | 2/15/2019 | 9/30/2026 | 1,547 | 1,547 | 1,541 | 0.6 | % | ||||||||||||||
| ServiceMax, Inc. (h) | L+7.00% | 8.00% PIK | 11/1/2021 | 11/1/2027 | 3,572 | 3,506 | 3,554 | 1.5 | % | |||||||||||||||
| ServiceMax, Inc. (Revolver) (f) (h) | L+7.00% | 8.00% PIK | 11/1/2021 | 11/1/2027 | 350 | — | — | 0.0 | % | |||||||||||||||
| VPS Holdings, LLC | L+9.00% | 8.00%
Cash/ 2.00% PIK | 10/5/2018 | 10/4/2024 | ||||||||||||||||||||