Title of Securities Being Registered
|
| |
Amount
Being Registered |
| |
Proposed Maximum
Offering Price Per Unit |
| |
Proposed Maximum
Aggregate Offering Price(1) |
| |
Amount of
Registration Fee |
| ||||||
Common Stock, $0.001 par value(2)
|
| | | | | | | | | | | | | | | | | | |
Preferred Stock, $0.001 par value(2)
|
| | | | | | | | | | | | | | | | | | |
Warrants(2) | | | | | | | | | | | | | | | | | | | |
Subscription Rights(3)
|
| | | | | | | | | | | | | | | | | | |
Debt Securities(4)
|
| | | | | | | | | | | | | | | | | | |
Total
|
| | | | | | | | | $ | 300,000,000(5) | | | | | $ | 38,940(6) | | |
| | | | |||||
| | | | | ii | | | |
| | | | | 1 | | | |
| | | | | 4 | | | |
| | | | | 8 | | | |
| | | | | 8 | | | |
| | | | | 9 | | | |
| | | | | 12 | | | |
| | | | | 13 | | | |
| | | | | 14 | | | |
| | | | | 16 | | | |
| | | | | 18 | | | |
| | | | | 27 | | | |
| | | | | 29 | | | |
| | | | | 39 | | | |
| | | | | 42 | | | |
| | | | | 44 | | | |
| | | | | 49 | | | |
| | | | | 51 | | | |
| | | | | 59 | | | |
| | | | | 66 | | | |
| | | | | 67 | | | |
| | | | | 69 | | | |
| | | | | 79 | | | |
| | | | | 81 | | | |
| | | | | 89 | | | |
| | | | | 89 | | | |
| | | | | 90 | | | |
| | | | | 92 | | | |
| | | | | 92 | | |
| Stockholder transaction expenses: | | | |||||
|
Sales load (as a percentage of offering price)
|
| | | | —%(1) | | |
|
Offering expenses (as a percentage of offering price)
|
| | | | —%(2) | | |
|
Dividend reinvestment plan expenses
|
| | | | —%(3) | | |
|
Total stockholder transaction expenses (as a percentage of offering price)
|
| | | | —%(2) | | |
| Estimated annual expenses (as a percentage of net assets attributable to common stock): | | | |||||
|
Base management fee
|
| | | | 4.39%(4) | | |
|
Incentive fees payable under the Investment Advisory Agreement
|
| | | | 2.88%(5) | | |
|
Interest payments on borrowed funds
|
| | | | 8.38%(6) | | |
|
Other expenses (estimated)
|
| | | | 1.52%(7) | | |
|
Acquired fund fees and expenses
|
| | | | 1.53%(8) | | |
|
Total annual expenses (estimated)
|
| | | | 18.70%(9) | | |
You would pay the following expenses on a $1,000 investment
|
| |
1 Year
|
| |
3 Years
|
| |
5 Years
|
| |
10 Years
|
| ||||||||||||
Assuming a 5% annual return (assumes no return from net realized capital gains or net unrealized capital appreciation)
|
| | | $ | 158 | | | | | $ | 475 | | | | | $ | 791 | | | | | $ | 1,582 | | |
Assuming a 5% annual return (assumes entire return is from realized capital gains and thus subject to the capital gains incentive fee)
|
| | | $ | 168 | | | | | $ | 506 | | | | | $ | 846 | | | | | $ | 1,707 | | |
| | | | | | | | |
Closing Sales Price
|
| |
Premium
(Discount) of High Sales Price to NAV(2) |
| |
Premium
(Discount) of Low Sales Price to NAV(2) |
| |
Declared
Distributions(3) |
| ||||||||||||||||||
| | |
NAV(1)
|
| |
High
|
| |
Low
|
| |||||||||||||||||||||||||||
Year ending December 31, 2020 | | | | | | | | ||||||||||||||||||||||||||||||
Second Quarter (through April 16, 2020)
|
| | | | —(4) | | | | | $ | 7.16 | | | | | $ | 6.01 | | | | | | —(4) | | | | | | —(4) | | | | | | — | | |
First Quarter
|
| | | | —(4) | | | | | $ | 12.07 | | | | | $ | 4.90 | | | | | | —(4) | | | | | | —(4) | | | | | $ | 0.35(5) | | |
Year ended December 31, 2019 | | | | | | | | ||||||||||||||||||||||||||||||
Fourth Quarter
|
| | | $ | 12.20 | | | | | $ | 11.86 | | | | | $ | 10.09 | | | | | | (2.8)% | | | | | | (17.3)% | | | | | $ | 0.35(6) | | |
Third Quarter
|
| | | $ | 12.34 | | | | | $ | 11.83 | | | | | $ | 9.99 | | | | | | (4.1)% | | | | | | (19.0)% | | | | | $ | 0.35(6) | | |
Second Quarter
|
| | | $ | 12.52 | | | | | $ | 12.47 | | | | | $ | 11.29 | | | | | | (0.4)% | | | | | | (9.8)% | | | | | $ | 0.35(6) | | |
First Quarter
|
| | | $ | 12.67 | | | | | $ | 13.25 | | | | | $ | 9.58 | | | | | | 4.6% | | | | | | (24.4)% | | | | | $ | 0.35(6) | | |
Year ended December 31, 2018 | | | | | | | | ||||||||||||||||||||||||||||||
Fourth Quarter
|
| | | $ | 12.66 | | | | | $ | 13.56 | | | | | $ | 9.16 | | | | | | 7.1% | | | | | | (27.6)% | | | | | $ | 0.35(7) | | |
Third Quarter
|
| | | $ | 12.95 | | | | | $ | 14.00 | | | | | $ | 13.22 | | | | | | 8.1% | | | | | | 2.1% | | | | | $ | 0.35(7) | | |
Second Quarter
|
| | | $ | 13.35 | | | | | $ | 14.52 | | | | | $ | 12.31 | | | | | | 8.8% | | | | | | (7.8)% | | | | | $ | 0.35(7) | | |
First Quarter
|
| | | $ | 13.49 | | | | | $ | 14.28 | | | | | $ | 12.20 | | | | | | 5.9% | | | | | | (9.6)% | | | | | $ | 0.35(7) | | |
Class and Year
|
| |
Total
Amount Outstanding Exclusive of Treasury Securities(1) |
| |
Asset Coverage per
Unit(2) |
| |
Involuntary
Liquidating Preference per Unit(3) |
| |
Average Market
Value per Unit(4) |
| ||||||||||||
Revolving Credit Facility | | | | | | | | | | | | | | | | | | | | | | | | | |
December 31, 2019
|
| | | $ | 180,294 | | | | | $ | 1,862 | | | | | | — | | | | | | N/A | | |
December 31, 2018
|
| | | | 136,026 | | | | | | 2,262 | | | | | | — | | | | | | N/A | | |
December 31, 2017
|
| | | | 117,092 | | | | | | 3,380 | | | | | | — | | | | | | N/A | | |
December 31, 2016
|
| | | | 129,000 | | | | | | 2,848 | | | | | | — | | | | | | N/A | | |
December 31, 2015
|
| | | | 123,700 | | | | | | 2,462 | | | | | | — | | | | | | N/A | | |
December 31, 2014
|
| | | | 82,300 | | | | | | 2,547 | | | | | | — | | | | | | N/A | | |
December 31, 2013
|
| | | | 76,000 | | | | | | 2,644 | | | | | | — | | | | | | N/A | | |
December 31, 2012
|
| | | | 55,000 | | | | | | 2,521 | | | | | | — | | | | | | N/A | | |
5.75% Notes due 2023 | | | | | | | | | | | | | | | | | | | | | | | | | |
December 31, 2019
|
| | | $ | 109,000 | | | | | $ | 1,862 | | | | | | — | | | | | $ | 1,005(5) | | |
December 31, 2018
|
| | | | 69,000 | | | | | | 2,262 | | | | | | — | | | | | $ | 986(5) | | |
Secured Borrowings(6) | | | | | | | | | | | | | | | | | | | | | | | | | |
December 31, 2019
|
| | | $ | — | | | | | $ | 1,862 | | | | | | — | | | | | | N/A | | |
December 31, 2018
|
| | | | — | | | | | | 2,262 | | | | | | — | | | | | | N/A | | |
December 31, 2017
|
| | | | — | | | | | | 3,380 | | | | | | — | | | | | | N/A | | |
December 31, 2016(7)
|
| | | | 1,320 | | | | | | 2,848 | | | | | | — | | | | | | N/A | | |
December 31, 2015(8)
|
| | | | 2,535 | | | | | | 2,462 | | | | | | — | | | | | | N/A | | |
December 31, 2014(9)
|
| | | | 4,134 | | | | | | 2,547 | | | | | | — | | | | | | N/A | | |
December 31, 2013(10)
|
| | | | 7,997 | | | | | | 2,644 | | | | | | — | | | | | | N/A | | |
December 31, 2012
|
| | | | — | | | | | | 2,521 | | | | | | — | | | | | | N/A | | |
Name and Address of Portfolio Company(a)
|
| |
Industry
|
| |
Type of
Investment |
| |
Interest Rate(b)
|
| |
Maturity
Date |
| |
Acquisition
Date (c) |
| |
Principal
Due at Maturity |
| |
Fair Value of
Investment(d) |
| |
Percentage
of Class Held |
| ||||||||||||
| | | | | | | | | | | | | | | | | | | | |
(in thousands)
|
| | | | | | | |||||||||
777 SPV I LLC
600 Brickell Ave, 19th floor Miami, FL 33131 |
| | Banking, Finance, Insurance & Real Estate | | | Delayed Draw (e) (f) | | | 10.30% (LIBOR + 8.50%, 1.75% Floor) | | |
4/14/2023
|
| | | | 4/15/2019 | | | | | | 5,325 | | | | | $ | 5,341 | | | | | | — | | |
AdTheorent, Inc.
315 Hudson Street, 9th Floor New York, NY 10013 |
| |
Media: Advertising,
Printing & Publishing |
| | Senior Secured | | | 10.19% (LIBOR + 8.50%, 0.50% Floor) | | |
12/22/2021
|
| | | | 12/22/2016 | | | | | | 3,398 | | | | | | 3,393 | | | | | | — | | |
| | | | | |
Class A Voting Units
(128,866 Units) (g) (h) |
| | —(i) | | |
—
|
| | | | 12/22/2016 | | | | | | — | | | | | | 395 | | | | | | 0.50% | | |
American Community Homes, Inc.
250 West 57th Street, Suite 816 New York, NY 10107 |
| | Banking, Finance, Insurance & Real Estate | | | Senior Secured(j) | | | 11.80% PIK (LIBOR + 10.00%, 1.50% Floor) | | |
12/31/2020
|
| | | | 7/22/2014 | | | | | | 8,830 | | | | | | 6,764 | | | | | | — | | |
| | | | | | Senior Secured(j) | | | 16.30% PIK (LIBOR + 14.50%, 1.50% Floor) | | |
12/31/2020
|
| | | | 7/22/2014 | | | | | | 5,599 | | | | | | 4,289 | | | | | | — | | |
| | | | | | Senior Secured(j) | | | 11.80% PIK (LIBOR + 10.00%, 1.50% Floor) | | |
12/31/2020
|
| | | | 3/17/2016 | | | | | | 668 | | | | | | 512 | | | | | | — | | |
| | | | | | Senior Secured(j) | | | 11.80% PIK (LIBOR + 10.00%, 1.50% Floor) | | |
12/31/2020
|
| | | | 5/24/2017 | | | | | | 535 | | | | | | 410 | | | | | | — | | |
| | | | | | Senior Secured(j) | | | 16.30% PIK (LIBOR + 14.50%, 1.50% Floor) | | |
12/31/2020
|
| | | | 5/24/2017 | | | | | | 301 | | | | | | 230 | | | | | | — | | |
| | | | | | Senior Secured(j) | | |
9.80% PIK (LIBOR +
8.00%, 1.50% Floor) |
| |
12/31/2020
|
| | | | 8/10/2018 | | | | | | 1,922 | | | | | | 1,472 | | | | | | — | | |
| | | | | | Senior Secured(j) | | |
9.80% PIK (LIBOR +
8.00%, 1.50% Floor) |
| |
12/31/2020
|
| | | | 3/29/2019 | | | | | | 3,603 | | | | | | 2,760 | | | | | | — | | |
| | | | | | Senior Secured(j) | | |
9.80% PIK (LIBOR +
8.00%, 1.50% Floor) |
| |
12/31/2020
|
| | | | 9/30/2019 | | | | | | 14 | | | | | | 11 | | | | | | — | | |
| | | | | | Senior Secured(j) | | |
9.80% PIK (LIBOR +
8.00%, 1.50% Floor) |
| |
12/31/2020
|
| | | | 12/30/2019 | | | | | | 1,186 | | | | | | 1,168 | | | | | | — | | |
| | | | | |
Warrant to purchase
up to 22.3% of the equity (h) (j) |
| | —(i) | | |
12/18/2024
|
| | | | 10/9/2014 | | | | | | — | | | | | | — | | | | | | — | | |
American Optics Holdco, Inc.
40 Washington Street, Suite 250 Wellesley, MA 02481 |
| | Healthcare & Pharmaceuticals | | |
Senior Secured(f) (k)
|
| | 8.80% (LIBOR + 7.00%, 1.00% Floor) | | |
9/13/2022
|
| | | | 9/13/2017 | | | | | | 4,210 | | | | | | 4,185 | | | | | | — | | |
| | | | | | Senior Secured(f)(k) | | | 8.80% (LIBOR + 7.00%, 1.00% Floor) | | |
9/13/2022
|
| | | | 9/13/2017 | | | | | | 1,637 | | | | | | 1,627 | | | | | | — | | |
| | | | | | Revolver(f)(k)(l) | | | 8.80% (LIBOR + 7.00%, 1.00% Floor) | | |
9/13/2022
|
| | | | 9/13/2017 | | | | | | 440 | | | | | | — | | | | | | — | | |
| | | | | | Revolver(f)(k)(l) | | | 8.80% (LIBOR + 7.00%, 1.00% Floor) | | |
9/13/2022
|
| | | | 9/13/2017 | | | | | | 440 | | | | | | — | | | | | | — | | |
Answers Finance, LLC
6665 Delmar Boulevard Saint Louis, MO 63130 |
| | High Tech Industries | | |
Common stock
(76,539 shares)(g)(h) |
| | —(i) | | |
—
|
| | | | 4/14/2017 | | | | | | — | | | | | | 52 | | | | | | 0.77% | | |
APCO Worldwide, Inc.
1299 Pennsylvania Avenue, NW #300 Washington, DC 20004 |
| | Services: Business | | | Senior Secured | | | 9.80% (LIBOR + 8.00%, 0.50% Floor) | | |
6/30/2022
|
| | | | 6/30/2017 | | | | | | 4,625 | | | | | | 4,590 | | | | | | — | | |
| | | | | |
Class A voting
common stock (100 shares)(g)(h) |
| | —(i) | | |
—
|
| | | | 11/1/2017 | | | | | | — | | | | | | 281 | | | | | | 0.98% | | |
Apotheco, LLC
722 Courtyard Drive Hillsborough, NJ 08844 |
| | Healthcare & Pharmaceuticals | | | Senior Secured | | | 7.30% (LIBOR + 5.50%, 1.00% Floor) | | |
4/8/2024
|
| | | | 4/8/2019 | | | | | | 3,482 | | | | | | 3,482 | | | | | | — | | |
| | | | | | Delayed Draw(e) (l) | | | 7.30% (LIBOR + 5.50%, 1.00% Floor) | | |
4/8/2024
|
| | | | 4/8/2019 | | | | | | 1,647 | | | | | | — | | | | | | — | | |
Name and Address of Portfolio Company(a)
|
| |
Industry
|
| |
Type of
Investment |
| |
Interest Rate(b)
|
| |
Maturity
Date |
| |
Acquisition
Date (c) |
| |
Principal
Due at Maturity |
| |
Fair Value of
Investment(d) |
| |
Percentage
of Class Held |
| ||||||||||||
| | | | | | | | | | | | | | | | | | | | |
(in thousands)
|
| | | | | | | |||||||||
| | | | | | Revolver(l) | | | 7.30% (LIBOR + 5.50%, 1.00% Floor) | | |
4/8/2024
|
| | | | 4/8/2019 | | | | | | 909 | | | | | | 341 | | | | | | — | | |
Arcserve (USA), LLC
8855 Columbine Rd Eden Prairie, MN 55347 |
| | Services: Business | | | Senior Secured | | | 7.91% (LIBOR + 6.00%, 1.00% Floor) | | |
5/1/2024
|
| | | | 5/1/2019 | | | | | | 4,755 | | | | | | 4,785 | | | | | | — | | |
Atlas Sign Industries of FLA, LLC
1077 West Blue Heron Boulevard West Palm Beach, FL 33404 |
| | Services: Business | | | Senior Secured(m) | | |
12.30% Cash/ 1.00%
PIK (LIBOR + 11.50%, 1.00% Floor) |
| |
5/15/2023
|
| | | | 5/14/2018 | | | | | | 3,527 | | | | | | 3,255 | | | | | | — | | |
| | | | | |
Warrants to
purchase up to 0.8% of the equity(g)(h) |
| | —(i) | | |
5/14/2026
|
| | | | 5/14/2018 | | | | | | — | | | | | | 84 | | | | | | — | | |
Attom Intermediate Holdco, LLC
1 Venture, Suite 300 Irvine, CA 92618 |
| | Media: Diversified & Production | | | Senior Secured | | | 7.55% (LIBOR + 5.75%, 1.00% Floor) | | |
1/4/2024
|
| | | | 1/4/2019 | | | | | | 1,980 | | | | | | 1,971 | | | | | | — | | |
| | | | | | Revolver(l) | | | 7.55% (LIBOR + 5.75%, 1.00% Floor) | | |
1/4/2024
|
| | | | 1/4/2019 | | | | | | 320 | | | | | | — | | | | | | — | | |
| | | | | |
Class A Units
(260,000 units)(g)(h) |
| | —(i) | | |
—
|
| | | | 1/4/2019 | | | | | | — | | | | | | 255 | | | | | | 0.48% | | |
BJ Services, LLC
11211 FM 2920 Road Tomball, TX 77375 |
| | Energy: Oil & Gas | | | Senior Secured | | | 8.91% (LIBOR + 7.00%, 1.50% Floor) | | |
1/3/2023
|
| | | | 1/28/2019 | | | | | | 4,331 | | | | | | 4,306 | | | | | | — | | |
Bluestem Brands, Inc.
7075 Flying Cloud Drive Eden Prairie, MN 55344 |
| | Retail | | | Senior Secured | | | 9.30% (LIBOR + 7.50%, 1.00% Floor) | | |
11/6/2020
|
| | | | 6/26/2015 | | | | | | 2,275 | | | | | | 1,707 | | | | | | — | | |
Burroughs, Inc.
41100 Plymouth Road Plymouth, MI 48170 |
| | Services: Business | | | Senior Secured(m) | | | 9.19% (LIBOR + 7.50%, 1.00% Floor) | | |
12/22/2022
|
| | | | 12/22/2017 | | | | | | 5,757 | | | | | | 5,635 | | | | | | — | | |
| | | | | | Revolver(l) | | | 9.19% (LIBOR + 7.50%, 1.00% Floor) | | |
12/22/2022
|
| | | | 12/22/2017 | | | | | | 1,219 | | | | | | 1,129 | | | | | | — | | |
Cali Bamboo, LLC
6675 Mesa Ridge Road #100 San Diego, CA 92121 |
| | Construction & Building | | | Senior Secured | | | 8.80% (LIBOR + 7.00%, 0.50% Floor) | | |
7/10/2020
|
| | | | 7/10/2015 | | | | | | 7,855 | | | | | | 7,602 | | | | | | — | | |
| | | | | | Revolver(l) | | | 8.80% (LIBOR + 7.00%, 0.50% Floor) | | |
7/10/2020
|
| | | | 7/10/2015 | | | | | | 2,165 | | | | | | 900 | | | | | | — | | |
California Pizza Kitchen, Inc.
12181 Bluff Creek Drive Playa Vista, CA 90094 |
| | Beverage, Food & Tobacco | | | Senior Secured | | | 7.91% (LIBOR + 6.00%, 1.00% Floor) | | |
8/23/2022
|
| | | | 8/19/2016 | | | | | | 6,772 | | | | | | 5,910 | | | | | | — | | |
Certify, Inc.
20 York Street, Suite 201 Portland, ME 04101 |
| | Services: Business | | | Senior Secured | | | 7.55% (LIBOR + 5.75%, 1.00% Floor) | | |
2/28/2024
|
| | | | 2/28/2019 | | | | | | 9,000 | | | | | | 8,938 | | | | | | — | | |
| | | | | | Delayed Draw(e)(l) | | | 7.55% (LIBOR + 5.75%, 1.00% Floor) | | |
2/28/2024
|
| | | | 2/28/2019 | | | | | | 1,227 | | | | | | 609 | | | | | | — | | |
| | | | | | Revolver(l) | | | 7.55% (LIBOR + 5.75%, 1.00% Floor) | | |
2/28/2024
|
| | | | 2/28/2019 | | | | | | 409 | | | | | | 61 | | | | | | — | | |
Crownpeak Technology, Inc.
707 17th Street, Floor 38 Denver, CO 80202 |
| |
Media: Diversified
& Production |
| | Senior Secured | | | 7.94% (LIBOR + 6.25%, 1.00% Floor) | | |
2/28/2024
|
| | | | 2/28/2019 | | | | | | 4,000 | | | | | | 4,011 | | | | | | — | | |
| | | | | | Delayed Draw(e)(l) | | | 7.94% (LIBOR + 6.25%, 1.00% Floor) | | |
2/28/2024
|
| | | | 2/28/2019 | | | | | | 333 | | | | | | 60 | | | | | | — | | |
| | | | | | Revolver(l) | | | 7.94% (LIBOR + 6.25%, 1.00% Floor) | | |
2/28/2024
|
| | | | 2/28/2019 | | | | | | 167 | | | | | | — | | | | | | — | | |
CSM Bakery Supplies, LLC
1912 Montreal Road W Tucker, GA 30084 |
| | Beverage, Food & Tobacco | | | Junior Secured | | | 9.78% (LIBOR + 7.75%, 1.00% Floor) | | |
7/5/2021
|
| | | | 5/23/2013 | | | | | | 5,792 | | | | | | 5,538 | | | | | | — | | |
Curion Holdings, LLC
3548 Route 9 South, 2nd Floor Old Bridge, NJ 08857 |
| | Services: Business | | |
Senior Secured(j) (m)
|
| | 14.00% PIK(n) | | |
5/2/2022
|
| | | | 5/2/2017 | | | | | | 4,226 | | | | | | 3,279 | | | | | | — | | |
| | | | | | Revolver(j)(l) | | | 14.00% PIK(n) | | |
5/2/2022
|
| | | | 5/2/2017 | | | | | | 478 | | | | | | 441 | | | | | | — | | |
| | | | | |
Junior Secured(j)(m)
|
| | 15.00% PIK(n) | | |
1/2/2023
|
| | | | 8/17/2018 | | | | | | 1,720 | | | | | | — | | | | | | — | | |
| | | | | |
Junior Secured(j)(m)
|
| | 15.00% PIK(n) | | |
1/2/2023
|
| | | | 8/17/2018 | | | | | | 44 | | | | | | — | | | | | | — | | |
| | | | | | Common stock (58,779 shares)(h)(j) | | | —(i) | | |
—
|
| | | | 8/17/2018 | | | | | | — | | | | | | — | | | | | | 12.10% | | |
Destination Media, Inc.
1070 Woodward Avenue Detroit, MI 48226 |
| |
Media: Advertising,
Printing & Publishing |
| | Senior Secured(m) | | | 7.30% (LIBOR + 5.50%, 1.00% Floor) | | |
4/7/2022
|
| | | | 4/7/2017 | | | | | | 4,725 | | | | | | 4,772 | | | | | | — | | |
| | | | | | Revolver(l) | | | 7.30% (LIBOR + 5.50%, 1.00% Floor) | | |
4/7/2022
|
| | | | 4/7/2017 | | | | | | 542 | | | | | | — | | | | | | — | | |
Dude Solutions Holdings, Inc.
11000 Regency Pkwy, Suite 110 Cary, NC 27518 |
| | Construction & Building | | | Senior Secured | | | 8.80% (LIBOR + 7.00%, 1.00% Floor) | | |
6/13/2025
|
| | | | 6/14/2019 | | | | | | 10,000 | | | | | | 9,970 | | | | | | — | | |
| | | | | | Revolver(l) | | | 8.80% (LIBOR + 7.00%, 1.00% Floor) | | |
6/13/2025
|
| | | | 6/14/2019 | | | | | | 1,304 | | | | | | — | | | | | | — | | |
Name and Address of Portfolio Company(a)
|
| |
Industry
|
| |
Type of
Investment |
| |
Interest Rate(b)
|
| |
Maturity
Date |
| |
Acquisition
Date (c) |
| |
Principal
Due at Maturity |
| |
Fair Value of
Investment(d) |
| |
Percentage
of Class Held |
| ||||||||||||
| | | | | | | | | | | | | | | | | | | | |
(in thousands)
|
| | | | | | | |||||||||
Echelon Funding I, LLC
1625 S. Congress Avenue Delray Beach, FL 33445 |
| | Banking, Finance, Insurance & Real Estate | | | Senior Secured(f) | | | 9.28% (LIBOR + 7.50%, 0.50% Floor) | | |
1/11/2021
|
| | | | 12/31/2019 | | | | | | 2,205 | | | | | | 2,204 | | | | | | — | | |
| | | | | |
Delayed Draw (e)(f)(l)
|
| | 9.19% (LIBOR + 7.50%, 0.50% Floor) | | |
1/11/2021
|
| | | | 2/24/2017 | | | | | | 14,175 | | | | | | 10,197 | | | | | | — | | |
Education Corporation of America
1033 Skokie Boulevard, Suite 360 Northbrook, IL 60062 |
| |
Services: Consumer
|
| | Junior Secured | | | 7.46% Cash/ 5.50% PIK (LIBOR + 11.00%)(n) | | |
3/31/2020
|
| | | | 9/3/2015 | | | | | | 833 | | | | | | 774 | | | | | | — | | |
| | | | | | Series G Preferred Stock (8,333 shares)(g)(h) | | | 12.00% PIK(n) | | |
—
|
| | | | 9/3/2015 | | | | | | — | | | | | | 5,117 | | | | | | 20.83% | | |
Energy Services Group, LLC
141 Longwater Drive, Suite 113 Norwell, MA 02061 |
| | High Tech Industries | | | Unitranche(f)(o)(p) | | | 9.42% (LIBOR + 8.42%, 1.00% Floor) | | |
5/4/2022
|
| | | | 5/4/2017 | | | | | | 4,979 | | | | | | 4,965 | | | | | | — | | |
| | | | | |
Unitranche(p)
|
| | 10.22% (LIBOR + 8.42%, 1.00% Floor) | | |
5/4/2022
|
| | | | 5/4/2017 | | | | | | 4,170 | | | | | | 4,154 | | | | | | — | | |
| | | | | |
Unitranche(p)
|
| | 10.22% (LIBOR + 8.42%, 1.00% Floor) | | |
5/4/2022
|
| | | | 5/4/2017 | | | | | | 1,187 | | | | | | 1,182 | | | | | | — | | |
Familia Dental Group Holdings, LLC
2050 East Algonquin Road, Suite 610 Schaumburg, IL 60173 |
| | Healthcare & Pharmaceuticals | | | Senior Secured(m) | | |
9.80% Cash/ 0.75%
PIK (LIBOR + 8.75%, 0.50% Floor) |
| |
4/8/2021
|
| | | | 4/8/2016 | | | | | | 5,019 | | | | | | 4,726 | | | | | | — | | |
| | | | | | Senior Secured | | |
9.80% Cash/ 0.75%
PIK (LIBOR + 8.75%, 0.50% Floor) |
| |
4/8/2021
|
| | | | 4/8/2016 | | | | | | 483 | | | | | | 455 | | | | | | — | | |
| | | | | | Revolver(l) | | |
9.80% Cash/ 0.75%
PIK (LIBOR + 8.75%, 0.50% Floor) |
| |
4/8/2021
|
| | | | 4/8/2016 | | | | | | 573 | | | | | | 351 | | | | | | — | | |
Forman Mills, Inc.
1070 Thomas Busch Memorial Highway Pennsauken, NJ 08110 |
| | Retail | | | Senior Secured(m) | | |
9.30% Cash/ 2.00%
PIK (LIBOR + 9.50%, 1.00% Floor) |
| |
10/4/2021
|
| | | | 10/4/2016 | | | | | | 8,202 | | | | | | 5,885 | | | | | | — | | |
Hastings Manufacturing Company
325 N Hanover Street Hastings, MI 49058 |
| | Automotive | | | Senior Secured | | | 10.05% (LIBOR + 8.25%, 1.00% Floor) | | |
4/24/2023
|
| | | | 4/24/2018 | | | | | | 2,812 | | | | | | 2,705 | | | | | | — | | |
HaystackID LLC
Six Beacon Street, Suite 815 Boston, MA 02108 |
| | Services: Business | | | Senior Secured | | | 8.30% (LIBOR + 6.50%, 1.00% Floor) | | |
1/12/2024
|
| | | | 1/14/2019 | | | | | | 4,950 | | | | | | 4,965 | | | | | | — | | |
| | | | | | Revolver(l) | | | 8.30% (LIBOR + 6.50%, 1.00% Floor) | | |
1/12/2024
|
| | | | 1/14/2019 | | | | | | 403 | | | | | | 40 | | | | | | — | | |
HFZ Capital Group, LLC
600 Madison Avenue, Fifteenth Floor New York, NY 10022 |
| | Banking, Finance, Insurance & Real Estate | | | Senior Secured(f) | | |
12.10% (LIBOR +
10.00%, 1.00% Floor) |
| |
11/25/2020
|
| | | | 10/20/2017 | | | | | | 18,000 | | | | | | 17,995 | | | | | | — | | |
HFZ Member RB Portfolio LLC
600 Madison Avenue, Fifteenth Floor New York, NY 10022 |
| | Banking, Finance, Insurance & Real Estate | | | Senior Secured(f) | | |
14.10% (LIBOR +
12.00%, 1.00% Floor) |
| |
10/29/2021
|
| | | | 10/30/2018 | | | | | | 9,780 | | | | | | 9,765 | | | | | | — | | |
Host Analytics, Inc.
555 Twin Dolphin Drive, Suite 400 Redwood City, CA 94065 |
| | High Tech Industries | | | Senior Secured | | | 7.69% (LIBOR + 6.00%, 1.00% Floor) | | |
12/28/2023
|
| | | | 12/28/2018 | | | | | | 9,500 | | | | | | 9,519 | | | | | | — | | |
| | | | | | Revolver(l) | | | 7.69% (LIBOR + 6.00%, 1.00% Floor) | | |
12/28/2023
|
| | | | 12/28/2018 | | | | | | 442 | | | | | | — | | | | | | — | | |
| | | | | |
Class A Units
(441,860 units)(g)(h) |
| | —(i) | | |
—
|
| | | | 12/28/2018 | | | | | | — | | | | | | 603 | | | | | | 0.45% | | |
HS4 Acquisitionco, Inc.
6504 Bridge Point Parkway, Suite 425 Austin, TX 78730 |
| | Services: Business | | | Senior Secured | | | 8.71% (LIBOR + 6.75%, 1.00% Floor) | | |
7/9/2025
|
| | | | 7/9/2019 | | | | | | 10,050 | | | | | | 10,010 | | | | | | — | | |
| | | | | | Revolver(l) | | | 8.54% (LIBOR + 6.75%, 1.00% Floor) | | |
7/9/2025
|
| | | | 7/9/2019 | | | | | | 817 | | | | | | 122 | | | | | | — | | |
Incipio, LLC
3347 Michelson, Suite 100 Irvine, CA 92612 |
| | Consumer Goods: Non-Durable | | | Unitranche(j)(p)(q) | | |
10.41% PIK (LIBOR
+ 8.72%, 1.00% Floor)(r) |
| |
8/22/2022
|
| | | | 12/26/2014 | | | | | | 14,573 | | | | | | 12,343 | | | | | | — | | |
| | | | | | Unitranche(j)(p)(s) | | |
10.19% PIK (LIBOR
+ 8.50%, 1.00% Floor) |
| |
8/22/2022
|
| | | | 3/9/2018 | | | | | | 3,815 | | | | | | 3,750 | | | | | | — | | |
| | | | | | Unitranche(j)(p) | | |
10.19% PIK (LIBOR
+ 8.50%, 1.00% Floor) |
| |
8/22/2022
|
| | | | 7/6/2018 | | | | | | 1,621 | | | | | | 1,606 | | | | | | — | | |
| | | | | | Unitranche(j)(p) | | |
10.19% PIK (LIBOR
+ 8.50%, 1.00% Floor) |
| |
8/22/2022
|
| | | | 4/17/2019 | | | | | | 692 | | | | | | 686 | | | | | | — | | |
| | | | | | Junior Secured(j)(u) | | | 10.70% PIK(n) | | |
8/22/2022
|
| | | | 6/18/2018 | | | | | | 3,766 | | | | | | — | | | | | | — | | |
| | | | | | Junior Secured(j)(t) | | | 10.70% PIK(n) | | |
8/22/2022
|
| | | | 6/18/2018 | | | | | | 7,194 | | | | | | — | | | | | | — | | |
| | | | | |
Series C
common units (1,774 shares)(h)(j) |
| | —(i) | | |
—
|
| | | | 7/6/2018 | | | | | | — | | | | | | — | | | | | | 17.74% | | |
Name and Address of Portfolio Company(a)
|
| |
Industry
|
| |
Type of
Investment |
| |
Interest Rate(b)
|
| |
Maturity
Date |
| |
Acquisition
Date (c) |
| |
Principal
Due at Maturity |
| |
Fair Value of
Investment(d) |
| |
Percentage
of Class Held |
| ||||||||||||
| | | | | | | | | | | | | | | | | | | | |
(in thousands)
|
| | | | | | | |||||||||
Inland Pipe Rehabilitation LLC
1510 Klondike Road, Suite 400 Conyers, GA 30094 |
| | Construction & Building | | | Unitranche(p) | | | 7.46% (LIBOR + 5.50%, 1.00% Floor) | | |
12/26/2024
|
| | | | 12/27/2018 | | | | | | 12,375 | | | | | | 12,415 | | | | | | — | | |
InMobi Pte, Ltd.
2951 28th Street, Suite 1000 Santa Monica, CA 90405 |
| |
Media: Advertising,
Printing & Publishing |
| | Right to purchase 2.8% of the equity(f)(g)(h)(k) | | | —(i) | | |
9/18/2025
|
| | | | 9/18/2015 | | | | | | — | | | | | | 188 | | | | | | — | | |
IT Global Holding LLC
222 W. Las Colinas Blvd, Suite 1650E Irving, TX 75039 |
| | Services: Business | | | Senior Secured | | | 10.30% (LIBOR + 8.50%, 1.00% Floor) | | |
11/10/2023
|
| | | | 11/15/2018 | | | | | | 10,237 | | | | | | 10,160 | | | | | | — | | |
| | | | | | Senior Secured | | | 10.30% (LIBOR + 8.50%, 1.00% Floor) | | |
11/10/2023
|
| | | | 7/19/2019 | | | | | | 3,816 | | | | | | 3,787 | | | | | | — | | |
| | | | | | Revolver | | | 10.30% (LIBOR + 8.50%, 1.00% Floor) | | |
11/10/2023
|
| | | | 11/15/2018 | | | | | | 875 | | | | | | 875 | | | | | | — | | |
Kaseya Traverse, Inc.
701 Brickell Avenue, Suite 400 Miami, FL 33131 |
| | Services: Business | | | Senior Secured | | |
7.72% Cash/ 1.00%
PIK (LIBOR + 6.50%, 1.00% Floor) |
| |
5/2/2025
|
| | | | 5/3/2019 | | | | | | 6,026 | | | | | | 6,011 | | | | | | — | | |
| | | | | | Delayed Draw(e)(l) | | |
7.69% Cash/ 1.00%
PIK (LIBOR + 6.50%, 1.00% Floor) |
| |
5/2/2025
|
| | | | 5/3/2019 | | | | | | 723 | | | | | | 94 | | | | | | — | | |
| | | | | | Revolver(l) | | | 8.30% (LIBOR + 6.50%, 1.00% Floor) | | |
5/2/2025
|
| | | | 5/3/2019 | | | | | | 506 | | | | | | 289 | | | | | | — | | |
Kudu Investment Holdings, LLC
286 Madison Avenue, Suite 2002 New York, NY 10017 |
| | Banking, Finance, Insurance & Real Estate | | | Senior Secured(f) | | | 8.18% (LIBOR + 6.25%, 1.00% Floor) | | |
12/23/2025
|
| | | | 12/23/2019 | | | | | | 5,500 | | | | | | 5,404 | | | | | | — | | |
| | | | | |
Delayed Draw(e)(f)(l)
|
| | 8.18% (LIBOR + 6.25%, 1.00% Floor) | | |
12/23/2025
|
| | | | 12/23/2019 | | | | | | 3,667 | | | | | | — | | | | | | — | | |
| | | | | | Revolver(f)(l) | | | 8.18% (LIBOR + 6.25%, 1.00% Floor) | | |
12/23/2025
|
| | | | 12/23/2019 | | | | | | 482 | | | | | | — | | | | | | — | | |
Liftforward SPV II, LLC
180 Maiden Lane, 10th Floor New York, NY 10038 |
| | Banking, Finance, Insurance & Real Estate | | | Senior Secured(e)(f) | | |
12.55% (LIBOR +
10.75%, 0.50% Floor) |
| |
11/10/2020
|
| | | | 11/10/2016 | | | | | | 3,240 | | | | | | 3,240 | | | | | | — | | |
LuLu’s Fashion Lounge, LLC
195 Humboldt Avenue Chico, CA 95928 |
| | Retail | | | Senior Secured | | | 10.80% (LIBOR + 9.00%, 1.00% Floor) | | |
8/29/2022
|
| | | | 8/21/2017 | | | | | | 4,156 | | | | | | 4,073 | | | | | | — | | |
Luxury Optical Holdings Co.
260 West 39th Street – 12th Floor New York, NY 10018 |
| | Retail | | | Senior Secured(j) | | |
9.80% PIK (LIBOR +
8.00%, 1.00% Floor)(n) |
| |
9/30/2020
|
| | | | 9/12/2014 | | | | | | 4,953 | | | | | | 3,457 | | | | | | — | | |
| | | | | | Delayed Draw(e)(j) | | | 13.30% (LIBOR + 11.50%, 1.00% Floor)(n) | | |
9/30/2020
|
| | | | 9/29/2017 | | | | | | 624 | | | | | | 620 | | | | | | — | | |
| | | | | | Revolver(j) | | |
9.80% PIK (LIBOR +
8.00%, 1.00% Floor)(n) |
| |
9/30/2020
|
| | | | 9/12/2014 | | | | | | 228 | | | | | | 159 | | | | | | — | | |
| | | | | | Common stock (86 shares)(h)(j) | | | —(i) | | |
—
|
| | | | 9/29/2017 | | | | | | — | | | | | | — | | | | | | 9.56% | | |
Madison Logic, Inc.
257 Park Avenue South, 5th Floor New York, NY 10010 |
| | Services: Business | | | Senior Secured(m) | | | 9.80% (LIBOR + 8.00%, 0.50% Floor) | | |
11/30/2021
|
| | | | 11/30/2016 | | | | | | 9,621 | | | | | | 9,621 | | | | | | — | | |
| | | | | | Revolver(l) | | | 9.80% (LIBOR + 8.00%, 0.50% Floor) | | |
11/30/2021
|
| | | | 11/30/2016 | | | | | | 988 | | | | | | — | | | | | | — | | |
Magneto & Diesel Acquisition, Inc.
7902 FM 1960 Bypass Rd. W. Humble, Texas 77338 |
| | Automotive | | | Senior Secured | | | 7.30% (LIBOR + 5.50%, 1.00% Floor) | | |
12/18/2023
|
| | | | 12/18/2018 | | | | | | 4,950 | | | | | | 4,957 | | | | | | — | | |
| | | | | | Revolver(l) | | | 7.30% (LIBOR + 5.50%, 1.00% Floor) | | |
12/18/2023
|
| | | | 12/18/2018 | | | | | | 500 | | | | | | 125 | | | | | | — | | |
Mammoth Holdings, LLC
1380 West Paces Ferry Road NW Suite 2160 Atlanta, GA 30327 |
| |
Services: Consumer
|
| | Senior Secured | | | 8.10% (LIBOR + 6.00%, 1.00% Floor) | | |
10/16/2023
|
| | | | 10/16/2018 | | | | | | 1,980 | | | | | | 1,984 | | | | | | — | | |
| | | | | | Senior Secured | | | 7.79% (LIBOR + 6.00%, 1.00% Floor) | | |
10/16/2023
|
| | | | 10/16/2018 | | | | | | 4,156 | | | | | | 4,165 | | | | | | — | | |
| | | | | | Revolver(l) | | | 8.10% (LIBOR + 6.00%, 1.00% Floor) | | |
10/16/2023
|
| | | | 10/16/2018 | | | | | | 500 | | | | | | — | | | | | | — | | |
MC Sign Lessor Corp.
8959 Tyler Boulevard Mentor, OH 44060 |
| |
Media: Advertising,
Printing & Publishing |
| | Senior Secured | | | 8.69% (LIBOR + 7.00%, 1.00% Floor) | | |
8/30/2024
|
| | | | 12/22/2017 | | | | | | 15,720 | | | | | | 15,674 | | | | | | — | | |
| | | | | | Revolver(l) | | | 8.69% (LIBOR + 7.00%, 1.00% Floor) | | |
8/30/2024
|
| | | | 12/22/2017 | | | | | | 3,490 | | | | | | 1,047 | | | | | | — | | |
| | | | | |
Common units (686
units)(g)(h) |
| | —(i) | | |
—
|
| | | | 8/30/2019 | | | | | | — | | | | | | 864 | | | | | | 0.85% | | |
MFG Chemical, LLC
1804 Kimberly Park Drive Dalton, GA 30720 |
| |
Chemicals, Plastics
& Rubber |
| | Unitranche(m)(p) | | | 7.80% (LIBOR + 6.00%, 0.50% Floor) | | |
6/23/2022
|
| | | | 6/23/2017 | | | | | | 10,477 | | | | | | 10,173 | | | | | | — | | |
Name and Address of Portfolio Company(a)
|
| |
Industry
|
| |
Type of
Investment |
| |
Interest Rate(b)
|
| |
Maturity
Date |
| |
Acquisition
Date (c) |
| |
Principal
Due at Maturity |
| |
Fair Value of
Investment(d) |
| |
Percentage
of Class Held |
| ||||||||||||
| | | | | | | | | | | | | | | | | | | | |
(in thousands)
|
| | | | | | | |||||||||
| | | | | | Unitranche(p) | | | 7.80% (LIBOR + 6.00%, 0.50% Floor) | | |
6/23/2022
|
| | | | 3/15/2018 | | | | | | 1,121 | | | | | | 1,088 | | | | | | — | | |
Micro Holdings Corp.
909 N. Sepulveda Boulevard, 11th Floor El Segundo, CA 90245 |
| | High Tech Industries | | | Junior Secured | | | 9.30% (LIBOR + 7.50%) | | |
8/18/2025
|
| | | | 8/16/2017 | | | | | | 3,000 | | | | | | 3,009 | | | | | | — | | |
Midwest Composite Technologies, LLC
1050 Walnut Ridge Drive Hartland, WI 53029 |
| |
Chemicals, Plastics
& Rubber |
| | Senior Secured(m) | | | 8.30% (LIBOR + 6.50%, 1.00% Floor) | | |
8/31/2023
|
| | | | 12/2/2019 | | | | | | 14,962 | | | | | | 14,980 | | | | | | — | | |
| | | | | | Senior Secured | | | 8.30% (LIBOR + 6.50%, 1.00% Floor) | | |
8/31/2023
|
| | | | 8/31/2018 | | | | | | 889 | | | | | | 890 | | | | | | — | | |
| | | | | | Delayed Draw(e)(l) | | | 8.30% (LIBOR + 6.50%, 1.00% Floor) | | |
8/31/2023
|
| | | | 8/31/2018 | | | | | | 510 | | | | | | 60 | | | | | | — | | |
| | | | | | Revolver(l) | | | 8.30% (LIBOR + 6.50%, 1.00% Floor) | | |
8/31/2023
|
| | | | 8/31/2018 | | | | | | 90 | | | | | | — | | | | | | — | | |
Mindbody, Inc.
4051 Broad Street, Suite 220 San Luis Obispo, CA 93401 |
| | High Tech Industries | | | Senior Secured | | | 8.79% (LIBOR + 7.00%, 1.00% Floor) | | |
2/14/2025
|
| | | | 2/15/2019 | | | | | | 6,333 | | | | | | 6,311 | | | | | | — | | |
| | | | | | Revolver(l) | | | 8.79% (LIBOR + 7.00%, 1.00% Floor) | | |
2/14/2025
|
| | | | 2/15/2019 | | | | | | 667 | | | | | | — | | | | | | — | | |
Mnine Holdings, Inc.
12000 Biscayne Boulevard, Suite 600 Miami, FL 33181 |
| | High Tech Industries | | | Unitranche(p) | | | 12.50% (PRIME + 7.75%, 1.00% Floor) | | |
11/2/2023
|
| | | | 11/2/2018 | | | | | | 7,940 | | | | | | 7,919 | | | | | | — | | |
MRCC Senior Loan Fund I, LLC
311 South Wacker Drive, Suite 6400 Chicago, IL 60606 |
| |
Investment Funds &
Vehicles |
| |
LLC Equity Interest
(50.0% of the equity interest)(f)(h)(v) |
| | | | |
—
|
| | | | 10/31/2017 | | | | | | — | | | | | | 42,412 | | | | | | 50.00% | | |
Nearly Natural, Inc.
695 E 10th Avenue Hialeah, FL 33010 |
| | Wholesale | | | Senior Secured(m) | | | 8.96% (LIBOR + 7.00%, 1.00% Floor) | | |
12/15/2022
|
| | | | 12/15/2017 | | | | | | 6,860 | | | | | | 6,771 | | | | | | — | | |
| | | | | | Delayed Draw(e)(l)(m) | | | 8.96% (LIBOR + 7.00%, 1.00% Floor) | | |
12/15/2022
|
| | | | 8/28/2019 | | | | | | 1,924 | | | | | | 344 | | | | | | — | | |
| | | | | | Revolver(l) | | | 8.96% (LIBOR + 7.00%, 1.00% Floor) | | |
12/15/2022
|
| | | | 12/15/2017 | | | | | | 1,522 | | | | | | 761 | | | | | | — | | |
| | | | | |
Class A Units
(152,174 units)(g)(h) |
| | —(i) | | |
—
|
| | | | 12/15/2017 | | | | | | — | | | | | | 148 | | | | | | 0.44% | | |
New England College of Business and Finance, LLC
1033 Skokie Boulevard, Suite 360 Northbrook, IL 60062 |
| |
Services: Consumer
|
| | Revolver(j)(l) | | |
12.69% (LIBOR +
11.00%, 1.00% Floor) |
| |
6/30/2021
|
| | | | 6/25/2019 | | | | | | 1,275 | | | | | | 1,148 | | | | | | — | | |
| | | | | |
LLC Units
(1,458,332 units)(h)(j) |
| | —(i) | | |
—
|
| | | | 6/21/2019 | | | | | | — | | | | | | 318 | | | | | | 20.83% | | |
Newforma, Inc.
1750 Elm Street Manchester, NH 03104 |
| | High Tech Industries | | | Senior Secured(m) | | | 7.46% (LIBOR + 5.50%, 1.00% Floor) | | |
6/30/2022
|
| | | | 6/30/2017 | | | | | | 13,251 | | | | | | 13,251 | | | | | | — | | |
| | | | | | Revolver(l) | | | 7.46% (LIBOR + 5.50%, 1.00% Floor) | | |
6/30/2022
|
| | | | 6/30/2017 | | | | | | 1,250 | | | | | | — | | | | | | — | | |
Nova Wildcat Amerock, LLC
10115 Kincey Avenue, Suite 210 Huntersville, NC 28078 |
| | Consumer Goods: Durable | | | Senior Secured | | | 7.55% (LIBOR + 5.75%, 1.00% Floor) | | |
10/12/2023
|
| | | | 10/12/2018 | | | | | | 9,182 | | | | | | 9,138 | | | | | | — | | |
| | | | | | Revolver(l) | | | 7.55% (LIBOR + 5.75%, 1.00% Floor) | | |
10/12/2023
|
| | | | 10/12/2018 | | | | | | 931 | | | | | | — | | | | | | — | | |
Parterre Flooring & Surface
Systems, LLC 500 Research Drive Wilmington, MA 01887 |
| | Consumer Goods: Durable | | | Senior Secured(m) | | | 10.80% (LIBOR + 9.00%, 1.00% Floor) | | |
8/22/2022
|
| | | | 8/22/2017 | | | | | | 8,550 | | | | | | 7,486 | | | | | | — | | |
| | | | | | Revolver | | | 10.80% (LIBOR + 9.00%, 1.00% Floor) | | |
8/22/2022
|
| | | | 8/22/2017 | | | | | | 696 | | | | | | 609 | | | | | | — | | |
PeopleConnect Intermediate, LLC
1501 4th Avenue, Suite 400 Seattle, WA 98101 |
| |
Services: Consumer
|
| | Senior Secured | | | 8.45% (LIBOR + 6.50%, 1.00% Floor) | | |
7/1/2020
|
| | | | 7/1/2015 | | | | | | 4,030 | | | | | | 4,030 | | | | | | — | | |
| | | | | | Senior Secured | | |
14.45% (LIBOR +
12.50%, 1.00% Floor) |
| |
7/1/2020
|
| | | | 7/1/2015 | | | | | | 4,515 | | | | | | 4,515 | | | | | | — | | |
| | | | | | Revolver(l) | | | 11.45% (LIBOR + 9.50%, 1.00% Floor) | | |
7/1/2020
|
| | | | 7/1/2015 | | | | | | 236 | | | | | | — | | | | | | — | | |
PKS Holdings, LLC
18 Corporate Woods Blvd. Albany, NY 12211 |
| | Banking, Finance, Insurance & Real Estate | | | Senior Secured(f) | | |
15.94% (LIBOR +
14.25%, 0.50% Floor) |
| |
11/30/2022
|
| | | | 11/30/2017 | | | | | | 1,645 | | | | | | 1,656 | | | | | | — | | |
| | | | | | Revolver(f)(l) | | |
15.94% (LIBOR +
14.25%, 0.50% Floor) |
| |
11/30/2022
|
| | | | 11/30/2017 | | | | | | 80 | | | | | | — | | | | | | — | | |
| | | | | |
Warrant to purchase
up to 0.8% of the equity(f)(g)(h) |
| | —(i) | | |
11/30/2027
|
| | | | 11/30/2017 | | | | | | — | | | | | | 14 | | | | | | — | | |
Name and Address of Portfolio Company(a)
|
| |
Industry
|
| |
Type of
Investment |
| |
Interest Rate(b)
|
| |
Maturity
Date |
| |
Acquisition
Date (c) |
| |
Principal
Due at Maturity |
| |
Fair Value of
Investment(d) |
| |
Percentage
of Class Held |
| ||||||||||||
| | | | | | | | | | | | | | | | | | | | |
(in thousands)
|
| | | | | | | |||||||||
Priority Ambulance, LLC
9721 Cogdill Road, Suite 302 Knoxville, TN 37932 |
| | Healthcare & Pharmaceuticals | | | Unitranche(p)(w) | | | 8.46% (LIBOR + 6.50%, 1.00% Floor) | | |
4/12/2022
|
| | | | 7/18/2018 | | | | | | 10,015 | | | | | | 10,015 | | | | | | — | | |
| | | | | | Unitranche(p)(x) | | | 8.46% (LIBOR + 6.50%, 1.00% Floor) | | |
4/12/2022
|
| | | | 4/12/2017 | | | | | | 1,253 | | | | | | 1,256 | | | | | | — | | |
| | | | | | Delayed Draw(e)(l) | | | 8.46% (LIBOR + 6.50%, 1.00% Floor) | | |
4/12/2022
|
| | | | 12/13/2018 | | | | | | 2,480 | | | | | | 691 | | | | | | — | | |
Prototek Sheetmetal Fabrication, LLC
244 Burnham Intervale Rd Contoocook, NH 03229 |
| | High Tech Industries | | | Senior Secured | | | 9.30% (LIBOR + 7.50%, 1.00% Floor) | | |
12/12/2022
|
| | | | 12/11/2017 | | | | | | 3,360 | | | | | | 3,335 | | | | | | — | | |
| | | | | | Senior Secured | | | 9.30% (LIBOR + 7.50%, 1.00% Floor) | | |
12/12/2022
|
| | | | 6/27/2019 | | | | | | 1,596 | | | | | | 1,584 | | | | | | — | | |
| | | | | | Senior Secured | | | 9.30% (LIBOR + 7.50%, 1.00% Floor) | | |
12/12/2022
|
| | | | 12/11/2017 | | | | | | 2,295 | | | | | | 2,277 | | | | | | — | | |
| | | | | | Revolver(l) | | | 9.30% (LIBOR + 7.50%, 1.00% Floor) | | |
12/12/2022
|
| | | | 12/11/2017 | | | | | | 233 | | | | | | — | | | | | | — | | |
Quirch Foods Holdings, LLC
2701 South Le Jeune Road, 12th Floor Coral Gables, FL 33134 |
| | Consumer Goods: Non-Durable | | | Senior Secured | | | 7.79% (LIBOR + 6.00%) | | |
12/19/2025
|
| | | | 2/14/2019 | | | | | | 1,980 | | | | | | 1,980 | | | | | | — | | |
Recorded Future, Inc.
363 Highland Avenue Somerville, MA 02144 |
| | High Tech Industries | | | Senior Secured | | | 8.55% (LIBOR + 6.75%, 1.00% Floor) | | |
7/3/2025
|
| | | | 7/3/2019 | | | | | | 7,333 | | | | | | 7,331 | | | | | | — | | |
| | | | | |
Delayed Draw(e)(l)
|
| | 8.55% (LIBOR + 6.75%, 1.00% Floor) | | |
7/3/2025
|
| | | | 7/3/2019 | | | | | | 587 | | | | | | — | | | | | | — | | |
| | | | | | Revolver(l) | | | 8.55% (LIBOR + 6.75%, 1.00% Floor) | | |
7/3/2025
|
| | | | 7/3/2019 | | | | | | 880 | | | | | | — | | | | | | — | | |
| | | | | |
Class A Units
(80,080 units)(g)(h)(y) |
| | —(i) | | |
—
|
| | | | 7/3/2019 | | | | | | — | | | | | | 84 | | | | | | — | | |
RedZone Robotics, Inc.
91 43rd Street Suite 250 Pittsburgh, PA 15201 |
| | Services: Business | | | Senior Secured | | |
8.55% Cash/ 2.00%
PIK (LIBOR + 8.75%, 1.00% Floor) |
| |
6/5/2023
|
| | | | 6/1/2018 | | | | | | 646 | | | | | | 596 | | | | | | — | | |
| | | | | | Revolver(l) | | | 8.55% (LIBOR + 6.75%, 1.00% Floor) | | |
6/5/2023
|
| | | | 6/1/2018 | | | | | | 158 | | | | | | — | | | | | | — | | |
Rockdale Blackhawk, LLC
1700 Brazos Avenue Rockdale, TX 76567 |
| | Healthcare & Pharmaceuticals | | | Senior Secured | | | 15.10% | | |
n/a(z)
|
| | | | 8/30/2018 | | | | | | 198 | | | | | | 198 | | | | | | — | | |
| | | | | | Senior Secured | | | 15.10% | | |
n/a(z)
|
| | | | 8/6/2018 | | | | | | 8,877 | | | | | | 10,169 | | | | | | — | | |
| | | | | | Senior Secured | | | 14.80% (LIBOR + 13.00%, 1.00% Floor)(n) | | |
3/31/2020
|
| | | | 3/31/2015 | | | | | | 10,923 | | | | | | 19,171 | | | | | | — | | |
RPL Bidco Limited
67-74 Saffron Hill London, England, EC1N 8QX |
| | High Tech Industries | | | Senior Secured(f)(k)(o) | | | 8.28% (LIBOR + 7.50%) | | |
11/9/2023
|
| | | | 11/9/2017 | | | | | | 14,225 | | | | | | 14,225 | | | | | | — | | |
| | | | | | Senior Secured(f)(k)(o) | | | 8.28% (LIBOR + 7.50%) | | |
11/9/2023
|
| | | | 5/22/2018 | | | | | | 1,723 | | | | | | 1,723 | | | | | | — | | |
| | | | | | Revolver(f)(k)(l)(o) | | | 8.28% (LIBOR + 7.50%) | | |
11/9/2023
|
| | | | 11/9/2017 | | | | | | 530 | | | | | | — | | | | | | — | | |
RugsUSA, LLC
8 Santa Fe Way Cranbury, NJ 08512 |
| | Consumer Goods: Durable | | | Unitranche(p) | | | 8.45% (LIBOR + 6.50%, 1.00% Floor) | | |
4/28/2023
|
| | | | 5/2/2018 | | | | | | 4,000 | | | | | | 4,004 | | | | | | — | | |
Security Services Acquisition Sub Corp.
90 Town Center Street, Suite 202 Daleville, VA 24083 |
| | Services: Business | | |
Delayed Draw(e)(l)(m)
|
| | 7.74% (LIBOR + 6.00%, 1.00% Floor) | | |
2/15/2024
|
| | | | 2/15/2019 | | | | | | 2,491 | | | | | | 1,765 | | | | | | — | | |
| | | | | |
Delayed Draw(e)(l)(m)
|
| | 7.74% (LIBOR + 6.00%, 1.00% Floor) | | |
2/15/2024
|
| | | | 2/15/2019 | | | | | | 2,186 | | | | | | 1,067 | | | | | | — | | |
| | | | | | Senior Secured(m) | | | 7.74% (LIBOR + 6.00%, 1.00% Floor) | | |
2/15/2024
|
| | | | 2/15/2019 | | | | | | 3,474 | | | | | | 3,479 | | | | | | — | | |
| | | | | | Revolver(l) | | | 7.74% (LIBOR + 6.00%, 1.00% Floor) | | |
2/15/2024
|
| | | | 2/15/2019 | | | | | | 1,563 | | | | | | 104 | | | | | | — | | |
SHI Holdings, Inc.
620 Newport Center Drive, 8th Floor Newport Beach, CA 92660 |
| | Healthcare & Pharmaceuticals | | |
Senior Secured(j)(m)
|
| |
12.05% PIK (LIBOR
+ 10.25%) |
| |
12/31/2020
|
| | | | 7/10/2014 | | | | | | 2,899 | | | | | | 2,459 | | | | | | — | | |
| | | | | | Revolver(j)(l) | | |
12.05% PIK (LIBOR
+ 10.25%) |
| |
12/31/2020
|
| | | | 7/10/2014 | | | | | | 4,667 | | | | | | 3,601 | | | | | | — | | |
| | | | | | Common stock (24 shares)(h)(j) | | | —(i) | | |
—
|
| | | | 12/14/2016 | | | | | | — | | | | | | — | | | | | | 19.09% | | |
StormTrap, LLC
1287 Windham Parkway Romeoville, IL 60446 |
| | Environmental Industries | | | Senior Secured | | | 7.30% (LIBOR + 5.50%, 1.00% Floor) | | |
12/8/2023
|
| | | | 12/10/2018 | | | | | | 7,920 | | | | | | 7,609 | | | | | | — | | |
| | | | | | Revolver(l) | | | 7.30% (LIBOR + 5.50%, 1.00% Floor) | | |
12/8/2023
|
| | | | 12/10/2018 | | | | | | 432 | | | | | | — | | | | | | — | | |
Name and Address of Portfolio Company(a)
|
| |
Industry
|
| |
Type of
Investment |
| |
Interest Rate(b)
|
| |
Maturity
Date |
| |
Acquisition
Date (c) |
| |
Principal
Due at Maturity |
| |
Fair Value of
Investment(d) |
| |
Percentage
of Class Held |
| ||||||||||||
| | | | | | | | | | | | | | | | | | | | |
(in thousands)
|
| | | | | | | |||||||||
Summit Container Corporation
17 South Middlesex Ave Monroe Township, NJ 08831 |
| |
Containers,
Packaging & Glass |
| |
Senior Secured(j)(m)
|
| | 9.80% (LIBOR + 8.00%, 1.00% Floor) | | |
1/6/2021
|
| | | | 12/5/2013 | | | | | | 3,259 | | | | | | 2,971 | | | | | | — | | |
| | | | | | Revolver(j)(l)(m) | | | 9.80% (LIBOR + 8.00%, 1.00% Floor) | | |
1/6/2021
|
| | | | 6/15/2018 | | | | | | 7,300 | | | | | | 5,406 | | | | | | — | | |
| | | | | |
Warrant to purchase
up to 19.5% of the equity(h)(j) |
| | —(i) | | |
1/6/2024
|
| | | | 1/6/2014 | | | | | | — | | | | | | — | | | | | | — | | |
Synergy Environmental Corporation
369-399 Old Water Works Rd Old Bridge, NJ 08857 |
| | Environmental Industries | | | Senior Secured(m) | | | 9.80% (LIBOR + 8.00%, 0.50% Floor) | | |
9/30/2021
|
| | | | 4/29/2016 | | | | | | 2,893 | | | | | | 2,884 | | | | | | — | | |
| | | | | | Senior Secured(m) | | | 9.80% (LIBOR + 8.00%, 0.50% Floor) | | |
9/30/2021
|
| | | | 4/29/2016 | | | | | | 484 | | | | | | 482 | | | | | | — | | |
| | | | | | Senior Secured | | | 9.80% (LIBOR + 8.00%, 0.50% Floor) | | |
9/30/2021
|
| | | | 4/29/2016 | | | | | | 827 | | | | | | 824 | | | | | | — | | |
| | | | | | Revolver(l) | | | 9.80% (LIBOR + 8.00%, 0.50% Floor) | | |
9/30/2021
|
| | | | 4/29/2016 | | | | | | 671 | | | | | | 202 | | | | | | — | | |
TCP-NG (U.S.), LLC
649 San Ramon Valley Blvd Danville, CA 94526 |
| | Banking, Finance, Insurance & Real Estate | | | Senior Secured(f) | | | 9.21% (LIBOR + 7.25%, 1.50% Floor) | | |
8/22/2024
|
| | | | 8/23/2019 | | | | | | 2,925 | | | | | | 2,919 | | | | | | — | | |
| | | | | | Revolver(f)(l) | | | 9.21% (LIBOR + 7.25%, 1.50% Floor) | | |
8/22/2024
|
| | | | 8/23/2019 | | | | | | 180 | | | | | | — | | | | | | — | | |
The Octave Music Group, Inc.
850 Third Avenue, Suite 15C New York, NY 10022 |
| |
Media: Diversified
& Production |
| | Junior Secured | | | 9.95% (LIBOR + 8.25%, 1.00% Floor) | | |
5/27/2022
|
| | | | 5/29/2015 | | | | | | 4,355 | | | | | | 4,355 | | | | | | — | | |
The Tie Bar Operating Company, LLC
123 Ambassador Drive, Suite 123 Naperville, IL 60540 |
| | Retail | | | Class A Preferred Units (1,275 units)(g)(h) | | | — | | |
—
|
| | | | 6/25/2013 | | | | | | — | | | | | | 63 | | | | | | 0.26% | | |
| | | | | | Class B Preferred Units (1,275 units)(g)(h) | | | — | | |
—
|
| | | | 6/25/2013 | | | | | | — | | | | | | — | | | | | | 0.26% | | |
The Worth Collection, Ltd.
520 Eighth Avenue, 23rd Floor New York, NY 10018 |
| | Retail | | | Senior Secured(m) | | |
6.05% Cash/ 4.25%
PIK (LIBOR + 8.50%, 0.50% Floor)(n) |
| |
9/29/2021
|
| | | | 9/29/2016 | | | | | | 10,587 | | | | | | 1,034 | | | | | | — | | |
Toojay’s Management LLC
3654 Georgia Avenue West Palm Beach, FL 33405 |
| | Beverage, Food & Tobacco | | | Senior Secured | | | 7.30% (LIBOR + 5.50%, 1.00% Floor) | | |
10/26/2022
|
| | | | 10/26/2018 | | | | | | 3,465 | | | | | | 3,472 | | | | | | — | | |
| | | | | | Senior Secured | | | 7.30% (LIBOR + 5.50%, 1.00% Floor) | | |
10/26/2022
|
| | | | 10/26/2018 | | | | | | 476 | | | | | | 476 | | | | | | — | | |
| | | | | | Revolver(l) | | | 7.30% (LIBOR + 5.50%, 1.00% Floor) | | |
10/26/2022
|
| | | | 10/26/2018 | | | | | | 318 | | | | | | 238 | | | | | | — | | |
TRP Construction Group, LLC
2213 Moneda Street Haltom City, TX 76117 |
| | Services: Business | | | Senior Secured(m) | | | 8.80% (LIBOR + 7.00%, 1.00% Floor) | | |
10/5/2022
|
| | | | 10/5/2017 | | | | | | 7,863 | | | | | | 7,815 | | | | | | — | | |
| | | | | | Senior Secured | | | 8.80% (LIBOR + 7.00%, 1.00% Floor) | | |
10/5/2022
|
| | | | 9/5/2018 | | | | | | 6,682 | | | | | | 6,642 | | | | | | — | | |
| | | | | | Revolver(l) | | | 8.80% (LIBOR + 7.00%, 1.00% Floor) | | |
10/5/2022
|
| | | | 10/5/2017 | | | | | | 2,133 | | | | | | — | | | | | | — | | |
Valudor Products LLC
11260 EL Camino Real, Suite 210 San Diego, CA 92130 |
| |
Chemicals, Plastics
& Rubber |
| | Senior Secured | | | 9.30% (LIBOR + 7.50%, 1.00% Floor) | | |
6/19/2023
|
| | | | 6/18/2018 | | | | | | 1,563 | | | | | | 1,522 | | | | | | — | | |
| | | | | | Senior Secured(aa) | | | 9.30% (LIBOR + 7.50%, 1.00% Floor) | | |
6/19/2023
|
| | | | 6/18/2018 | | | | | | 211 | | | | | | 205 | | | | | | — | | |
| | | | | | Revolver(l) | | | 11.30% (LIBOR + 9.50%, 1.00% Floor) | | |
6/19/2023
|
| | | | 6/18/2018 | | | | | | 818 | | | | | | 318 | | | | | | — | | |
| | | | | |
Class A-1 Units
(501,014 Units)(g)(h) |
| | 10.00% PIK | | |
—
|
| | | | 6/18/2018 | | | | | | — | | | | | | 273 | | | | | | 5.27% | | |
Vice Group Holding, Inc.
49 S 2nd St Brooklyn, NY 11211 |
| | Media: Broadcasting & Subscription | | | Senior Secured | | |
5.92% Cash/ 8.00%
PIK (LIBOR + 12.00%, 1.50% Floor) |
| |
11/2/2022
|
| | | | 5/2/2019 | | | | | | 1,250 | | | | | | 1,251 | | | | | | — | | |
| | | | | | Senior Secured | | |
5.92% Cash/ 8.00%
PIK (LIBOR + 12.00%, 1.50% Floor) |
| |
11/2/2022
|
| | | | 11/4/2019 | | | | | | 240 | | | | | | 240 | | | | | | — | | |
| | | | | | Delayed Draw(e)(l) | | |
13.92% (LIBOR +
12.00%, 1.50% Floor) |
| |
11/2/2022
|
| | | | 5/2/2019 | | | | | | 400 | | | | | | — | | | | | | — | | |
| | | | | | Delayed Draw(e)(l) | | |
13.92% (LIBOR +
12.00%, 1.50% Floor) |
| |
11/2/2022
|
| | | | 5/2/2019 | | | | | | 160 | | | | | | — | | | | | | — | | |
VPS Holdings, LLC
30012 Ivy Glenn Drive, Suite 210 Laguna Niguel, CA 92677 |
| | Services: Business | | | Senior Secured | | | 8.80% (LIBOR + 7.00%, 1.00% Floor) | | |
10/4/2024
|
| | | | 10/5/2018 | | | | | | 4,537 | | | | | | 4,448 | | | | | | — | | |
| | | | | | Senior Secured | | | 8.80% (LIBOR + 7.00%, 1.00% Floor) | | |
10/4/2024
|
| | | | 10/5/2018 | | | | | | 3,700 | | | | | | 3,627 | | | | | | — | | |
Name and Address of Portfolio Company(a)
|
| |
Industry
|
| |
Type of
Investment |
| |
Interest Rate(b)
|
| |
Maturity
Date |
| |
Acquisition
Date (c) |
| |
Principal
Due at Maturity |
| |
Fair Value of
Investment(d) |
| |
Percentage
of Class Held |
| ||||||||||||
| | | | | | | | | | | | | | | | | | | | |
(in thousands)
|
| | | | | | | |||||||||
| | | | | | Revolver(l) | | | 8.80% (LIBOR + 7.00%, 1.00% Floor) | | |
10/4/2024
|
| | | | 10/5/2018 | | | | | | 1,000 | | | | | | 100 | | | | | | — | | |
WillowTree, LLC
107 5th Street Southeast, Suite B Charlottesville, VA 22902 |
| | High Tech Industries | | | Senior Secured | | | 7.30% (LIBOR + 5.50%, 1.00% Floor) | | |
10/9/2023
|
| | | | 10/9/2018 | | | | | | 7,900 | | | | | | 7,916 | | | | | | — | | |
| | | | | | Revolver(l) | | | 7.30% (LIBOR + 5.50%, 1.00% Floor) | | |
10/9/2023
|
| | | | 10/9/2018 | | | | | | 1,000 | | | | | | 945 | | | | | | — | | |
Investment Committee of MC Advisors
|
| |
Dollar Range of Equity Securities
in Monroe Capital Corporation(1)(2) |
|
Theodore L. Koenig
|
| |
over $1,000,000
|
|
Aaron D. Peck
|
| |
$100,001 – $500,000
|
|
Michael J. Egan
|
| |
$100,001 – $500,000
|
|
Jeremy T. VanDerMeid
|
| |
$50,001 – $100,000
|
|
| | | | | | | | |
Example 1
5% Offering at 5% Discount |
| |
Example 2
10% Offering at 10% Discount |
| |
Example 3
20% Offering at 20% Discount |
| |
Example 4
33% Offering at 100% Discount |
| ||||||||||||||||||||||||||||||||||||
| | |
Prior to Sale
Below NAV |
| |
Following
Sale |
| |
%
Change |
| |
Following
Sale |
| |
%
Change |
| |
Following
Sale |
| |
%
Change |
| |
Following
Sale |
| |
%
Change |
| |||||||||||||||||||||||||||
Offering Price | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
Price per Share to Public
|
| | | | — | | | | | $ | 10.00 | | | | | | — | | | | | $ | 9.47 | | | | | | — | | | | | $ | 8.42 | | | | | | — | | | | | $ | 0.01 | | | | | | — | | |
Net Proceeds per Share to Issuer
|
| | | | — | | | | | $ | 9.50 | | | | | | — | | | | | $ | 9.00 | | | | | | — | | | | | $ | 8.00 | | | | | | — | | | | | $ | 0.01 | | | | | | — | | |
Decrease to NAV | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
Total Shares Outstanding
|
| | | | 1,000,000 | | | | | | 1,050,000 | | | | | | 5.00% | | | | | | 1,100,000 | | | | | | 10.00% | | | | | | 1,200,000 | | | | | | 20.00% | | | | | | 1,330,000 | | | | | | 33.00% | | |
NAV per Share
|
| | | $ | 10.00 | | | | | $ | 9.98 | | | | | | (0.24)% | | | | | $ | 9.91 | | | | | | (0.91)% | | | | | $ | 9.67 | | | | | | (3.33)% | | | | | $ | 7.52 | | | | | | (24.79)% | | |
Dilution to Stockholder | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
Shares Held by Stockholder A
|
| | | | 10,000 | | | | | | 10,000 | | | | | | — | | | | | | 10,000 | | | | | | — | | | | | | 10,000 | | | | | | — | | | | | | 10,000 | | | | | | — | | |
Percentage Held by Stockholder A
|
| | | | 1.0% | | | | | | 0.95% | | | | | | (4.76)% | | | | | | 0.91% | | | | | | (9.09)% | | | | | | 0.83% | | | | | | (16.67)% | | | | | | 0.75% | | | | | | (24.81)% | | |
Total Asset Values | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
Total NAV Held by Stockholder A
|
| | | $ | 100,000 | | | | | $ | 99,762 | | | | | | (0.24)% | | | | | $ | 99,091 | | | | | | (0.91)% | | | | | $ | 96,667 | | | | | | (3.33)% | | | | | $ | 75,213 | | | | | | (24.79)% | | |
Total Investment by Stockholder A (Assumed to Be $10.00 per Share)
|
| | | $ | 100,000 | | | | | $ | 100,000 | | | | | | — | | | | | $ | 100,000 | | | | | | — | | | | | $ | 100,000 | | | | | | — | | | | | $ | 100,000 | | | | | | — | | |
Total Dilution to Stockholder A (Total NAV Less Total Investment)
|
| | | | — | | | | | $ | (238) | | | | | | — | | | | | $ | (909) | | | | | | — | | | | | $ | (3,333) | | | | | | — | | | | | $ | (24,787) | | | | | | — | | |
Per Share Amounts | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
NAV per Share Held by Stockholder A
|
| | | $ | 10.00 | | | | | $ | 9.98 | | | | | | — | | | | | $ | 9.91 | | | | | | — | | | | | $ | 9.67 | | | | | | — | | | | | $ | 7.52 | | | | | | — | | |
Investment per Share Held by
Stockholder A (Assumed to be $10.00 per Share on Shares Held Prior to Sale) |
| | | $ | 10.00 | | | | | $ | 10.00 | | | | | | — | | | | | $ | 10.00 | | | | | | — | | | | | $ | 10.00 | | | | | | — | | | | | $ | 10.00 | | | | | | — | | |
Dilution per Share Held by Stockholder A
(NAV per Share Less Investment per Share) |
| | | | — | | | | | $ | (0.02) | | | | | | — | | | | | $ | (0.09) | | | | | | — | | | | | $ | (0.33) | | | | | | — | | | | | $ | (2.48) | | | | | | — | | |
Percentage Dilution to Stockholder A (Dilution per Share Divided by Investment per Share)
|
| | | | — | | | | | | — | | | | | | (0.24)% | | | | | | — | | | | | | (0.91)% | | | | | | — | | | | | | (3.33)% | | | | | | — | | | | | | (24.79)% | | |
| | | | | | | | |
50% Participation
|
| |
150% Participation
|
| ||||||||||||||||||
| | |
Prior to Sale
Below NAV |
| |
Following
Sale |
| |
%
Change |
| |
Following
Sale |
| |
%
Change |
| |||||||||||||||
Offering Price | | | | | | | |||||||||||||||||||||||||
Price per Share to Public
|
| | | | — | | | | | $ | 8.42 | | | | | | — | | | | | $ | 8.42 | | | | | | — | | |
Net Proceeds per Share to Issuer
|
| | | | — | | | | | $ | 8.00 | | | | | | — | | | | | $ | 8.00 | | | | | | — | | |
Decrease/Increase to NAV | | | | | | | |||||||||||||||||||||||||
Total Shares Outstanding
|
| | | | 1,000,000 | | | | | | 1,200,000 | | | | | | 20.00% | | | | | | 1,200,000 | | | | | | 20.00% | | |
NAV per Share
|
| | | $ | 10.00 | | | | | $ | 9.67 | | | | | | (3.33)% | | | | | $ | 9.67 | | | | | | (3.33)% | | |
Dilution/Accretion to Participating Stockholder | | | | | | | |||||||||||||||||||||||||
Shares Held by Stockholder A
|
| | | | 10,000 | | | | | | 11,000 | | | | | | 10.00% | | | | | | 13,000 | | | | | | 30.00% | | |
Percentage Held by Stockholder A
|
| | | | 1.0% | | | | | | 0.92% | | | | | | (8.33)% | | | | | | 1.08% | | | | | | 8.33% | | |
Total Asset Values | | | | | | | |||||||||||||||||||||||||
Total NAV Held by Stockholder A
|
| | | $ | 100,000 | | | | | $ | 106,333 | | | | | | 6.33% | | | | | $ | 125,667 | | | | | | 25.67% | | |
Total Investment by Stockholder A (Assumed to
Be $10.00 per Share on Shares Held Prior to Sale) |
| | | $ | 100,000 | | | | | $ | 108,421 | | | | | | 8.42% | | | | | $ | 125,263 | | | | | | 25.26% | | |
Total Dilution/Accretion to Stockholder A (Total
NAV Less Total Investment) |
| | | | — | | | | | $ | (2,088) | | | | | | — | | | | | $ | 404 | | | | | | — | | |
| | | | | | | | |
50% Participation
|
| |
150% Participation
|
| ||||||||||||||||||
| | |
Prior to Sale
Below NAV |
| |
Following
Sale |
| |
%
Change |
| |
Following
Sale |
| |
%
Change |
| |||||||||||||||
Per Share Amounts | | | | | | | |||||||||||||||||||||||||
NAV per Share Held by Stockholder A
|
| | | $ | 10.00 | | | | | $ | 9.67 | | | | | | — | | | | | $ | 9.67 | | | | | | — | | |
Investment per Share Held by Stockholder A (Assumed to be $10.00 per Share on Shares Held Prior to Sale)
|
| | | $ | 10.00 | | | | | $ | 9.86 | | | | | | (1.44)% | | | | | $ | 9.64 | | | | | | (3.64)% | | |
Dilution/Accretion per Share Held by Stockholder A (NAV per Share Less Investment per Share)
|
| | | | — | | | | | $ | (0.19) | | | | | | — | | | | | $ | 0.03 | | | | | | — | | |
Percentage Dilution/Accretion to Stockholder A
(Dilution/Accretion per Share Divided by Investment per Share) |
| | | | — | | | | | | — | | | | | | (1.93)% | | | | | | — | | | | | | 0.32% | | |
| | | | | | | | |
Example 1
5% Offering at 5% Discount |
| |
Example 2
10% Offering at 10% Discount |
| |
Example 3
20% Offering at 20% Discount |
| |
Example 4
33% Offering at 100% Discount |
| ||||||||||||||||||||||||||||||||||||
| | |
Prior to Sale
Below NAV |
| |
Following
Sale |
| |
%
Change |
| |
Following
Sale |
| |
%
Change |
| |
Following
Sale |
| |
%
Change |
| |
Following
Sale |
| |
%
Change |
| |||||||||||||||||||||||||||
Offering Price | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
Price per Share to Public
|
| | | | — | | | | | $ | 10.00 | | | | | | — | | | | | $ | 9.47 | | | | | | — | | | | | $ | 8.42 | | | | | | — | | | | | $ | 0.01 | | | | | | — | | |
Net Proceeds per Share to Issuer
|
| | | | — | | | | | $ | 9.50 | | | | | | — | | | | | $ | 9.00 | | | | | | — | | | | | $ | 8.00 | | | | | | — | | | | | $ | 0.01 | | | | | | — | | |
Decrease/Increase to NAV | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
Total Shares Outstanding
|
| | | | 1,000,000 | | | | | | 1,050,000 | | | | | | 5.00% | | | | | | 1,100,000 | | | | | | 10.00% | | | | | | 1,200,000 | | | | | | 20.00% | | | | | | 1,330,000 | | | | | | 33.00% | | |
NAV per Share
|
| | | $ | 10.00 | | | | | $ | 9.98 | | | | | | (0.24)% | | | | | $ | 9.91 | | | | | | (0.91)% | | | | | $ | 9.67 | | | | | | (3.33)% | | | | | $ | 7.52 | | | | | | (24.79)% | | |
Dilution/Accretion to New Investor A | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
Shares Held by Investor A
|
| | | | — | | | | | | 500 | | | | | | — | | | | | | 1,000 | | | | | | — | | | | | | 2,000 | | | | | | — | | | | | | 3,300 | | | | | | — | | |
Percentage Held by Investor A
|
| | | | — | | | | | | 0.05% | | | | | | — | | | | | | 0.09% | | | | | | — | | | | | | 0.17% | | | | | | — | | | | | | 0.25% | | | | | | — | | |
Total Asset Values | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
Total NAV Held by Investor A
|
| | | | — | | | | | $ | 4,988 | | | | | | — | | | | | $ | 9,909 | | | | | | — | | | | | $ | 19,333 | | | | | | — | | | | | $ | 24,820 | | | | | | — | | |
Total Investment by Investor A (At Price to Public)
|
| | | | — | | | | | $ | 5,000 | | | | | | — | | | | | $ | 9,474 | | | | | | — | | | | | $ | 16,842 | | | | | | — | | | | | $ | 35 | | | | | | — | | |
Total Dilution/Accretion to Investor A (Total NAV Less Total Investment)
|
| | | | — | | | | | $ | (12) | | | | | | — | | | | | $ | 435 | | | | | | — | | | | | $ | 2,491 | | | | | | — | | | | | $ | 24,785 | | | | | | — | | |
Per Share Amounts | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
NAV per Share Held by Investor A
|
| | | | — | | | | | $ | 9.98 | | | | | | — | | | | | $ | 9.91 | | | | | | — | | | | | $ | 9.67 | | | | | | — | | | | | $ | 7.52 | | | | | | — | | |
Investment per Share Held by Investor A
|
| | | | — | | | | | $ | 10.00 | | | | | | — | | | | | $ | 9.47 | | | | | | — | | | | | $ | 8.42 | | | | | | — | | | | | $ | 0.01 | | | | | | — | | |
Dilution/Accretion per Share Held by
Investor A (NAV per Share Less Investment per Share) |
| | | | — | | | | | $ | (0.02) | | | | | | — | | | | | $ | 0.44 | | | | | | — | | | | | $ | 1.25 | | | | | | — | | | | | $ | 7.51 | | | | | | — | | |
Percentage Dilution/Accretion to Investor A (Dilution per Share Divided by Investment per Share)
|
| | | | — | | | | | | — | | | | | | (0.24)% | | | | | | — | | | | | | 4.60% | | | | | | — | | | | | | 14.79% | | | | | | — | | | | | | 71,352.14% | | |
(1)
Title of Class |
| |
(2)
Amount Authorized |
| |
(3)
Amount Held by Us or for Our Account |
| |
(4)
Amount Outstanding Exclusive of Amounts Shown Under (3) |
| |||||||||
Common Stock
|
| | | | 100,000,000 | | | | | | — | | | | | | 20,444,564 | | |
|
Securities and Exchange Commission registration fee
|
| | | $ | 38,940* | | |
|
FINRA filing fee
|
| | | $ | 25,000(1) | | |
|
Nasdaq Global Select Market listing fees
|
| | | $ | —(1) | | |
|
Printing expenses
|
| | | $ | 225,000(1) | | |
|
Legal fees and expenses
|
| | | $ | 525,000(1) | | |
|
Accounting fees and expenses
|
| | | $ | 300,000(1) | | |
|
Miscellaneous
|
| | | $ | 30,000 (1) | | |
|
Total
|
| | | $ | 1,143,940 (1) | | |
|
Monroe Capital Corporation SBIC, LP (Delaware)
|
| | | | 100% | | |
|
MCC SBIC GP, LLC (Delaware)
|
| | | | 100% | | |
|
MRCC Holding Company I, LLC (Delaware)
|
| | | | 100% | | |
|
MRCC Holding Company II, LLC (Delaware)
|
| | | | 100% | | |
|
MRCC Holding Company III, LLC (Delaware)
|
| | | | 100% | | |
|
MRCC Holding Company IV, LLC (Delaware)
|
| | | | 100% | | |
|
MRCC Holding Company V, LLC (Delaware)
|
| | | | 100% | | |
|
MRCC Holding Company VI, LLC (Delaware)
|
| | | | 100% | | |
Title of Class
|
| |
Number of Record Holders
|
| |||
Common Stock, par value $0.001 per share
|
| | | | 7 | | |
5.75% Notes due 2023
|
| | | | 1 | | |
(3)
|
(a)
|
to file, during any period in which offers or sales are being made, a post-effective amendment to the registration statement: |
|
Signature
|
| |
Title
|
| |
Date
|
|
|
/s/ Theodore L. Koenig
Theodore L. Koenig
|
| | Chairman, Chief Executive Officer and Director (Principal Executive Officer) | | |
April 17, 2020
|
|
|
/s/ Aaron D. Peck
Aaron D. Peck
|
| |
Chief Financial Officer, Chief Investment Officer and Director
(Principal Financial and Accounting Officer) |
| |
April 17, 2020
|
|
|
/s/ Thomas J. Allison
Thomas J. Allison
|
| | Director | | |
April 17, 2020
|
|
|
/s/ Jeffrey A. Golman
Jeffrey A. Golman
|
| | Director | | |
April 17, 2020
|
|
|
/s/ Jorde M. Nathan
Jorde M. Nathan
|
| | Director | | |
April 17, 2020
|
|
|
/s/ Robert S. Rubin
Robert S. Rubin
|
| | Director | | |
April 17, 2020
|
|
|
/s/ Jeffrey D. Steele
Jeffrey D. Steele
|
| | Director | | |
April 17, 2020
|
|