T Series Middle Market Loan Fund LLC (the “Company”) is a non-diversified, externally managed specialty finance company that is focused on lending to middle market companies. The Company has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). In addition, for U.S. federal income tax purposes, the Company has elected to be treated, and intends to comply with the requirements to qualify annually, as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company is not a subsidiary of or consolidated with Morgan Stanley.
Company profile
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Corporate docs
Subsidiaries
T Series CA SPV LLC • T Series Equity Holdings LLC • T Series SPV LLC • T Series SPV II LLC • T Series SPV III LLC ...
Latest filings (excl ownership)
10-K
2023 FY
Annual report
6 Mar 24
8-K
Departure of Directors or Certain Officers
11 Dec 23
8-K
Entry into a Material Definitive Agreement
7 Dec 23
10-Q
2023 Q3
Quarterly report
6 Nov 23
8-K
Entry into a Material Definitive Agreement
5 Oct 23
8-K
Departure of Directors or Certain Officers
2 Oct 23
10-Q
2023 Q2
Quarterly report
10 Aug 23
8-K
Entry into a Material Definitive Agreement
6 Jul 23
8-K
Unregistered Sales of Equity Securities
16 May 23
10-Q
2023 Q1
Quarterly report
11 May 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 49.42 mm | 49.42 mm | 49.42 mm | 49.42 mm | 49.42 mm | |
Cash burn (monthly) | (no burn) | 1.20 mm | (no burn) | (no burn) | 6.60 mm | |
Cash used (since last report) | n/a | 8.30 mm | n/a | n/a | 45.67 mm | |
Cash remaining | n/a | 41.12 mm | n/a | n/a | 3.75 mm | |
Runway (months of cash) | n/a | 34.3 | n/a | n/a | 0.6 |