Schedule of Investments (unaudited) November 30, 2019 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||||||
Common Stocks — 0.2% |
| |||||||||||
Diversified Financial Services — 0.0% | ||||||||||||
Kcad Holdings I Ltd.(a)(b) | 309,827,230 | $ | 210,682 | |||||||||
|
| |||||||||||
Health Care Management Services — 0.0% | ||||||||||||
New Millennium HoldCo, Inc.(b) | 14,906 | 89 | ||||||||||
|
| |||||||||||
Media — 0.1% | ||||||||||||
Clear Channel Outdoor Holdings, Inc.(b) | 114,650 | 284,332 | ||||||||||
iHeartMedia, Inc., Class A(b) | 5,727 | 88,139 | ||||||||||
|
| |||||||||||
372,471 | ||||||||||||
Metals & Mining — 0.0% | ||||||||||||
Preferred Proppants LLC(a)(b) | 12,198 | 27,446 | ||||||||||
|
| |||||||||||
Semiconductors & Semiconductor Equipment — 0.0% | ||||||||||||
SunPower Corp.(b) | 1,860 | 13,931 | ||||||||||
|
| |||||||||||
Software — 0.0% | ||||||||||||
Avaya Holdings Corp.(b) | 66 | 843 | ||||||||||
|
| |||||||||||
Utilities — 0.1% | ||||||||||||
Texgen LLC(a)(b) | 8,431 | 379,395 | ||||||||||
|
| |||||||||||
Total Common Stocks — 0.2% |
| 1,004,857 | ||||||||||
|
| |||||||||||
Par (000) | ||||||||||||
Corporate Bonds — 1.1% |
| |||||||||||
Aerospace & Defense — 0.3% | ||||||||||||
Wolverine Escrow LLC, 9.00%, 11/15/26(c) | USD | 1,555 | $ | 1,570,706 | ||||||||
|
| |||||||||||
Diversified Consumer Services — 0.0% | ||||||||||||
Prime Security Services Borrower LLC/Prime Finance, Inc., 9.25%, 05/15/23(c) | 170 | 178,713 | ||||||||||
|
| |||||||||||
Electrical Equipment — 0.2% | ||||||||||||
Vertiv Group Corp., 10.00%, 06/30/24(a) | 871 | 875,355 | ||||||||||
|
| |||||||||||
Electric Utilities — 0.0% | ||||||||||||
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc., 11.50%, 10/01/20(a) | 1,061 | — | ||||||||||
|
| |||||||||||
Media — 0.0% | ||||||||||||
CSC Holdings LLC, 10.88%, 10/15/25(c) | 79 | 88,875 | ||||||||||
|
|
Security | Par (000) | Value | ||||||||||
Metals & Mining — 0.1% | ||||||||||||
Freeport-McMoRan, Inc., 3.88%, 03/15/23 | USD | 625 | $ | 637,750 | ||||||||
|
| |||||||||||
Oil, Gas & Consumable Fuels — 0.1% | ||||||||||||
CONSOL Energy, Inc., 11.00%, 11/15/25(c) | 790 | 671,500 | ||||||||||
|
| |||||||||||
Software — 0.4% | ||||||||||||
Infor US, Inc., 6.50%, 05/15/22 | 1,176 | 1,198,109 | ||||||||||
Informatica LLC, 7.13%, 07/15/23(c) | 658 | 668,692 | ||||||||||
|
| |||||||||||
1,866,801 | ||||||||||||
|
| |||||||||||
Total Corporate Bonds — 1.1% |
| 5,889,700 | ||||||||||
|
| |||||||||||
Floating Rate Loan Interests(e) — 135.8% |
| |||||||||||
Aerospace & Defense — 3.0% | ||||||||||||
1199169 B.C. Unlimited Liability Co., 2019 Term Loan B2, 04/06/26(f) | 1,984 | 1,989,562 | ||||||||||
Atlantic Aviation FBO, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.75%), 5.46%, 12/06/25(a) | 1,163 | 1,171,934 | ||||||||||
Bleriot US Bidco, Inc.: | ||||||||||||
Delayed Draw Term Loan, 0.00%, 10/31/26 | 177 | — | ||||||||||
Term Loan B, (3 mo. LIBOR + 4.75%), 6.61%, 10/31/26 | 1,135 | 1,138,888 | ||||||||||
Dynasty Acquisition Co., Inc., 2019 Term Loan B1, 04/06/26(f) | 3,690 | 3,700,585 | ||||||||||
Nordam Group, Inc., Term Loan B, (1 mo. LIBOR + 5.50%), 7.31%, 04/09/26(a) | 788 | 782,130 | ||||||||||
TransDigm, Inc.: | ||||||||||||
2018 Term Loan F, (1 mo. LIBOR + 2.50%), 4.20%, 06/09/23 | 6,268 | 6,268,419 | ||||||||||
2018 Term Loan G, 08/22/24(f) | 476 | 475,450 | ||||||||||
|
| |||||||||||
15,526,968 | ||||||||||||
Air Freight & Logistics — 1.0% | ||||||||||||
Avolon TLB Borrower 1 (US) LLC, Term Loan B3, (1 mo. LIBOR + 1.75%), 3.47%, 01/15/2hearth5 | 1,757 | 1,763,408 | ||||||||||
WestJet Airlines Ltd., Term Loan B, 08/07/26(f) | 3,195 | 3,211,422 | ||||||||||
|
| |||||||||||
4,974,830 |
1 |
Schedule of Investments (unaudited) (continued) November 30, 2019 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Airlines — 0.9% | ||||||||||||
Allegiant Travel Co., Term Loan B, (3 mo. LIBOR + 4.50%), 6.39%, 02/05/24 | USD | 1,486 | $ | 1,490,423 | ||||||||
American Airlines, Inc.: | ||||||||||||
2017 Incremental Term Loan, (1 mo. LIBOR + 2.00%), 3.77%, 12/14/23 | 1,852 | 1,852,105 | ||||||||||
Repriced TL B due 2023, (1 mo. LIBOR + 2.00%), 3.70%, 04/28/23 | 1,079 | 1,078,582 | ||||||||||
|
| |||||||||||
4,421,110 | ||||||||||||
Auto Components — 2.3% | ||||||||||||
Panther BF Aggregator 2 LP, USD Term Loan B, (1 mo. LIBOR + 3.50%), 5.20%, 04/30/26 | 6,571 | 6,566,926 | ||||||||||
USI, Inc.(f): | ||||||||||||
2017 Repriced Term Loan, 05/16/24 | 3,858 | 3,805,929 | ||||||||||
2019 Incremental Term Loan B, 1.00%, 12/02/26 | 220 | 219,632 | ||||||||||
Wand NewCo 3, Inc., 2019 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.20%, 02/05/26 | 1,419 | 1,424,056 | ||||||||||
|
| |||||||||||
12,016,543 | ||||||||||||
Banks — 0.7% | ||||||||||||
Capri Finance LLC, 2017 1st Lien Term Loan, 11/01/24(f) | 3,532 | 3,442,530 | ||||||||||
|
| |||||||||||
Building Materials — 1.1% | ||||||||||||
Allied Universal Holdco LLC: | ||||||||||||
2019 Delayed Draw Term Loan, 07/10/26(f) | 569 | — | ||||||||||
2019 Term Loan B, (6 mo. LIBOR + 4.25%), 6.51%, 07/10/26 | 5,744 | 5,718,090 | ||||||||||
|
| |||||||||||
5,718,090 | ||||||||||||
Building Products — 1.1% | ||||||||||||
CPG International, Inc., 2017 Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor), 5.93%, 05/05/24 | 1,416 | 1,397,489 | ||||||||||
LSF10 XL Bidco SCA, EUR Term Loan B3, (3 mo. EURIBOR + 4.00%), 4.00%, 10/31/26 | EUR | 1,000 | 1,069,782 |
Security | Par (000) | Value | ||||||||||
Building Products (continued) | ||||||||||||
Wilsonart LLC, 2017 Term Loan B, 12/19/23(f) | USD | 3,430 | $ | 3,390,394 | ||||||||
|
| |||||||||||
5,857,665 | ||||||||||||
Capital Markets — 2.4% | ||||||||||||
Duff & Phelps Corp., 2017 Term Loan B, 02/13/25(f) | 3,492 | 3,443,312 | ||||||||||
Fortress Investment Group LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 3.70%, 12/27/22 | 1,217 | 1,219,678 | ||||||||||
Greenhill & Co., Inc., Term Loan B, | 1,533 | 1,479,007 | ||||||||||
Jefferies Finance LLC, 2019 Term Loan, (3 mo. LIBOR + 3.75%), 5.56%, 06/03/26 | 1,357 | 1,341,908 | ||||||||||
RPI Finance Trust, Term Loan B6, (1 mo. LIBOR + 2.00%), 3.70%, 03/27/23 | 2,342 | 2,355,263 | ||||||||||
Travelport Finance (Luxembourg) Sarl: | ||||||||||||
2019 2nd Lien Term Loan, (3 mo. LIBOR + 9.00%), 11.10%, 05/28/27(a) | 1,145 | 961,800 | ||||||||||
2019 Term Loan, (3 mo. LIBOR + 5.00%), 7.10%, 05/29/26 | 1,892 | 1,721,472 | ||||||||||
|
| |||||||||||
12,522,440 | ||||||||||||
Chemicals — 5.4% | ||||||||||||
Alpha 3 BV, 2017 Term Loan B1, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.10%, 01/31/24 | 4,250 | 4,194,860 | ||||||||||
Axalta Coating Systems US Holdings, Inc., Term Loan, (3 mo. LIBOR + 1.75%), 3.85%, 06/01/24 | 3,524 | 3,524,936 | ||||||||||
Charter NEX US Holdings, Inc., 2017 Term Loan B, 05/16/24(f) | 3,204 | 3,164,213 | ||||||||||
Charter NEX US, Inc., Incremental Term Loan, (1 mo. LIBOR + 3.50%), 5.20%, 05/16/24 | 1,071 | 1,071,090 | ||||||||||
Chemours Co., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 3.46%, 04/03/25 | 1,012 | 958,015 | ||||||||||
Element Materials Technology Group US Holdings, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.60%, 06/28/24 | 609 | 607,932 |
2 |
Schedule of Investments (unaudited) (continued) November 30, 2019 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Chemicals (continued) | ||||||||||||
Encapsys LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.20%, 11/07/24 | USD | 1,262 | $ | 1,263,764 | ||||||||
Invictus US LLC: | ||||||||||||
1st Lien Term Loan, (3 mo. LIBOR + 3.00%), 4.93%, 03/28/25 | 1,623 | 1,603,836 | ||||||||||
2nd Lien Term Loan, (3 mo. LIBOR + 6.75%), 8.68%, 03/30/26 | 430 | 398,468 | ||||||||||
Messer Industries GmbH, 2018 USD Term Loan, (3 mo. LIBOR + 2.50%), 4.60%, 03/01/26 | 2,898 | 2,903,413 | ||||||||||
Momentive Performance Materials, Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 4.96%, 05/15/24 | 1,062 | 1,048,400 | ||||||||||
Oxea Holding Drei GmbH, 2017 Term Loan B2, (3 mo. LIBOR + 3.50%), 5.56%, 10/14/24 | 3,616 | 3,614,071 | ||||||||||
Plaskolite LLC, 1st Lien Term Loan, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.97%, 12/15/25 | 834 | 769,544 | ||||||||||
PQ Corp., 2018 Term Loan B, (3 mo. LIBOR + 2.50%), 4.43%, 02/08/25 | 2,308 | 2,312,274 | ||||||||||
Tata Chemicals North America, Inc., Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 4.88%, 08/07/20 | 422 | 420,408 | ||||||||||
|
| |||||||||||
27,855,224 | ||||||||||||
Commercial Services & Supplies — 6.2% | ||||||||||||
Advanced Disposal Services, Inc., Term Loan B3, (1 Week LIBOR + 2.25%), 3.85%, 11/10/23 | 3,115 | 3,119,864 | ||||||||||
Aramark Services, Inc., 2018 Term Loan B3, (1 mo. LIBOR + 1.75%), 3.45%, 03/11/25 | 274 | 274,341 | ||||||||||
Asurion LLC: | ||||||||||||
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%), 8.20%, 08/04/25 | 1,882 | 1,895,532 | ||||||||||
2017 Term Loan B4, (1 mo. LIBOR + 3.00%), 4.70%, 08/04/22 | 1,579 | 1,581,254 | ||||||||||
2018 Term Loan B6, (1 mo. LIBOR + 3.00%), 4.70%, 11/03/23 | 2,959 | 2,961,748 | ||||||||||
2018 Term Loan B7, (1 mo. LIBOR + 3.00%), 4.70%, 11/03/24 | 1,165 | 1,166,159 | ||||||||||
Creative Artists Agency LLC, 2019 Term Loan B, 11/27/26(f) | 3,199 | 3,197,656 | ||||||||||
Diamond (BC) BV, Term Loan, 09/06/24(f) | 2,521 | 2,391,182 | ||||||||||
EnergySolutions LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 5.85%, 05/09/25 | 577 | 541,135 |
Security | Par (000) | Value | ||||||||||
Commercial Services & Supplies (continued) | ||||||||||||
GFL Environmental, Inc., 2018 USD Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.70%, 05/30/25 | USD | 1,564 | $ | 1,546,535 | ||||||||
Harland Clarke Holdings Corp., Term Loan B7, (3 mo. LIBOR + 4.75%, 1.00% Floor), 6.85%, 11/03/23 | 477 | 362,103 | ||||||||||
KAR Auction Services, Inc., 2019 Term Loan B6, (1 mo. LIBOR + 2.25%), 4.00%, 09/19/26 | 1,008 | 1,012,780 | ||||||||||
Prime Security Services Borrower LLC, 2019 Term Loan B1, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.03%, 09/23/26 | 2,441 | 2,413,404 | ||||||||||
US Ecology, Inc., Term Loan B, 08/14/26(a)(f) | 408 | 410,550 | ||||||||||
Verisure Holding AB, EUR Term Loan B1E, (3 mo. EURIBOR + 3.00%), 3.00%, 10/20/22 | EUR | 1,000 | 1,100,753 | |||||||||
Verscend Holding Corp., 2018 Term Loan B, (1 mo. LIBOR + 4.50%), 6.20%, 08/27/25 | USD | 5,492 | 5,495,909 | |||||||||
West Corp., 2017 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 5.70%, 10/10/24 | 3,246 | 2,616,953 | ||||||||||
|
| |||||||||||
32,087,858 | ||||||||||||
Communications Equipment — 0.6% | ||||||||||||
Avantor, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.70%, 11/21/24 | 1,561 | 1,571,601 | ||||||||||
Ciena Corp., 2018 Term Loan B, (3 mo. LIBOR + 1.00%), 5.75%, 09/26/25 | 1,319 | 1,322,535 | ||||||||||
|
| |||||||||||
2,894,136 | ||||||||||||
Construction & Engineering — 1.4% | ||||||||||||
AECOM, Term Loan B, (1 mo. LIBOR + 1.75%), 3.45%, 03/13/25 | 703 | 703,639 | ||||||||||
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, 06/21/24(f) | 2,948 | 2,882,304 | ||||||||||
Ply Gem Midco, Inc., 2018 Term Loan, (1 mo. LIBOR + 3.75%), 5.51%, 04/12/25 | 450 | 444,245 | ||||||||||
SRS Distribution, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 4.95%, 05/23/25 | 2,260 | 2,217,206 | ||||||||||
USIC Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.95%, 12/08/23 | 906 | 893,412 | ||||||||||
|
| |||||||||||
7,140,806 |
3 |
Schedule of Investments (unaudited) (continued) November 30, 2019 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Construction Materials — 2.6% | ||||||||||||
American Builders & Contractors Supply Co., Inc., 2019 Term Loan, (1 mo. LIBOR + 2.00%), 3.70%, 01/15/27 | USD | 3,283 | $ | 3,275,863 | ||||||||
Core & Main LP, 2017 Term Loan B, | 5,003 | 4,931,581 | ||||||||||
Filtration Group Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 4.70%, 03/29/25 | 3,108 | 3,112,024 | ||||||||||
Forterra Finance LLC, 2017 Term Loan B, 10/25/23(f) | 830 | 797,149 | ||||||||||
Foundation Building Materials LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 4.70%, 08/13/25(a) | 806 | 808,960 | ||||||||||
Tamko Building Products, Inc., Term Loan B, (3 mo. LIBOR + 3.25%), 5.16%, 06/01/26(a) | 731 | 734,137 | ||||||||||
|
| |||||||||||
13,659,714 | ||||||||||||
Containers & Packaging — 2.6% | ||||||||||||
Berry Global, Inc.: | ||||||||||||
Term Loan W, (3 mo. LIBOR + 2.00%), 3.76%, 10/01/22 | 4,782 | 4,796,031 | ||||||||||
USD Term Loan U, (1 mo. LIBOR + 2.50%), 4.26%, 07/01/26 | 2,633 | 2,644,091 | ||||||||||
BWAY Holding Co., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 5.23% 04/03/24 | 2,784 | 2,727,927 | ||||||||||
Flex Acquisition Co., Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.10%, 12/29/23 | 2,658 | 2,575,202 | ||||||||||
Pregis TopCo Corp., 1st Lien Term Loan, (1 mo. LIBOR + 4.00%), 5.70%, 07/31/26 | 836 | 818,235 | ||||||||||
|
| |||||||||||
13,561,486 | ||||||||||||
Distributors — 0.4% | ||||||||||||
TriMark USA LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.21%, 08/28/24 | 2,768 | 2,205,761 | ||||||||||
|
| |||||||||||
Diversified Consumer Services — 4.2% | ||||||||||||
Ascend Learning LLC, 2017 Term Loan B, 07/12/24(f) | 1,585 | 1,584,507 | ||||||||||
BidFair MergerRight, Inc., Term Loan B, 01/15/27(f) | 2,484 | 2,416,681 | ||||||||||
Bright Horizons Family Solutions, Inc., 2017 Term Loan B, (1 mo. LIBOR + 1.75%), 3.45%, 11/07/23 | 2,881 | 2,882,806 | ||||||||||
Genuine Financial Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 5.45%, 07/12/25 | 1,728 | 1,663,181 | ||||||||||
J.D. Power and Associates, 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.45%, 09/07/23 | 1,379 | 1,378,588 |
Security | Par (000) | Value | ||||||||||
Diversified Consumer Services (continued) | ||||||||||||
Nomad Foods Europe Midco Ltd., 2017 Term Loan B4, (1 mo. LIBOR + 2.25%), 4.02%, 05/15/24 | USD | 1,154 | $ | 1,153,878 | ||||||||
Serta Simmons Bedding LLC, 1.00% Floor): | ||||||||||||
1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 5.27%, 11/08/23 | 945 | 551,091 | ||||||||||
2nd Lien Term Loan, (1 mo. LIBOR + 8.00%, 9.72%, 11/08/24 | 126 | 35,907 | ||||||||||
Spin Holdco, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.25%, 11/14/22 | 4,720 | 4,602,080 | ||||||||||
TruGreen LP, 2019 Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.45%, 03/19/26 | 2,247 | 2,251,534 | ||||||||||
Uber Technologies, Inc., 2018 Incremental Term Loan, (1 mo. LIBOR + 3.50%), 5.20%, 07/13/23 | 3,454 | 3,365,337 | ||||||||||
|
| |||||||||||
21,885,590 | ||||||||||||
Diversified Financial Services — 4.6% | ||||||||||||
Advisor Group, Inc., 2019 Term Loan, (1 mo. LIBOR + 5.00%), 6.70%, 07/31/26 | 2,031 | 1,928,820 | ||||||||||
AlixPartners LLP, 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.45%, 04/04/24 | 4,269 | 4,285,468 | ||||||||||
Allsup’s Convenience Stores, Inc., Term Loan, 11/18/24(a)(f) | 1,077 | 1,047,821 | ||||||||||
Connect Finco Sarl, Term Loan B, 09/23/26(f) | 11,017 | 10,959,161 | ||||||||||
CRCI Longhorn Holdings, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.28%, 08/08/25(a) | 479 | 453,097 | ||||||||||
EG Finco Ltd., 2018 Term Loan, (3 mo. LIBOR + 4.00%), 6.10%, 02/07/25 | 1,175 | 1,142,024 | ||||||||||
Kingpin Intermediate Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.20%, 07/03/24 | 1,920 | 1,917,555 | ||||||||||
LTI Holdings, Inc., 2018 Add On 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.20%, 09/06/25 | 579 | 492,714 | ||||||||||
SSH Group Holdings, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.00%), 7.75%, 07/30/25 | 1,115 | 1,104,611 |
4 |
Schedule of Investments (unaudited) (continued) November 30, 2019 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Diversified Financial Services (continued) | ||||||||||||
Starwood Property Trust, Inc., 2019 Term Loan B, (1 mo. LIBOR + 2.50%), 4.20%, 07/27/26(a) | USD | 608 | $ | 610,280 | ||||||||
|
| |||||||||||
23,941,551 | ||||||||||||
Diversified Telecommunication Services — 3.0% | ||||||||||||
CenturyLink, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%), 4.45%, 01/31/25 | 1,871 | 1,869,891 | ||||||||||
Consolidated Communications, Inc., 2016 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.71%, 10/04/23 | 173 | 159,982 | ||||||||||
Hargray Communications Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.70%, 05/16/24 | 1,165 | 1,163,102 | ||||||||||
Iridium Satellite LLC, Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.45%, 10/17/26 | 1,132 | 1,142,618 | ||||||||||
Level 3 Financing, Inc., 2019 Term Loan B, 03/01/27(f) | 1,931 | 1,929,649 | ||||||||||
MTN Infrastructure TopCo, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.70%, 11/15/24 | 2,219 | 2,211,095 | ||||||||||
TDC A/S, Term Loan, (1 mo. EURIBOR + 2.75%), 2.75%, 06/04/25 | EUR | 819 | 905,182 | |||||||||
Telenet Financing USD LLC, Term Loan AN, (1 mo. LIBOR + 2.25%), 4.02%, 08/15/26 | USD | 1,367 | 1,365,382 | |||||||||
Telesat Canada, Term Loan B4, (3 mo. LIBOR + 2.50%), 4.61%, 11/17/23 | 806 | 805,648 | ||||||||||
Virgin Media Investment Holdings Ltd., Term Loan L, (1 mo. LIBOR — GBP + 3.25%), 3.96%, 01/15/27 | GBP | 1,000 | 1,288,941 | |||||||||
Zayo Group LLC: | ||||||||||||
2017 Incremental Term Loan, (1 mo. LIBOR + 2.25%, 1.00% Floor), 3.95%, 01/19/24 | USD | 290 | 290,363 | |||||||||
2017 Term Loan B1, (1 mo. LIBOR + 2.00%), 3.70%, 01/19/21 | 2,341 | 2,341,999 | ||||||||||
|
| |||||||||||
15,473,852 | ||||||||||||
Electric Utilities — 0.4% | ||||||||||||
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc., Term Loan, 1.00%, 11/10/20(a)(b)(d) | 1,710 | — | ||||||||||
Vistra Energy Corp., 1st Lien Term Loan B3, (1 mo. LIBOR + 1.75%), 3.52%, 12/31/25 | 1,836 | 1,840,886 | ||||||||||
|
| |||||||||||
1,840,886 |
Security | Par (000) | Value | ||||||||||
Electrical Equipment — 1.2% | ||||||||||||
Dell International LLC, 2019 Term Loan B, (1 mo. LIBOR + 2.00%), 3.71%, 09/19/25 | USD | 2,594 | $ | 2,606,910 | ||||||||
Gates Global LLC, 2017 Repriced Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.45%, 04/01/24 | 3,828 | 3,814,575 | ||||||||||
|
| |||||||||||
6,421,485 | ||||||||||||
Energy Equipment & Services — 0.5% | ||||||||||||
GrafTech Finance, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.20%, 02/12/25(a) | 1,792 | 1,747,579 | ||||||||||
Pioneer Energy Services Corp., Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 9.45%, 11/08/22(a) | 845 | 811,200 | ||||||||||
|
| |||||||||||
2,558,779 | ||||||||||||
Equity Real Estate Investment Trusts (REITs) — 2.3% | ||||||||||||
Claros Mortgage Trust, Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 5.01%, 08/10/26(a) | 1,614 | 1,614,000 | ||||||||||
Iron Mountain, Inc., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 3.45%, 01/02/26(a) | 1,161 | 1,152,541 | ||||||||||
MGM Growth Properties Operating Partnership LP, 2016 Term Loan B, (1 mo. LIBOR + 2.00%), 3.70%, 03/21/25 | 2,942 | 2,947,676 | ||||||||||
RHP Hotel Properties LP, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 3.71%, 05/11/24 | 1,062 | 1,063,958 | ||||||||||
VICI Properties 1 LLC, Replacement Term Loan B, (1 mo. LIBOR + 2.00%), 3.72%, 12/20/24 | 5,381 | 5,397,200 | ||||||||||
|
| |||||||||||
12,175,375 | ||||||||||||
Food & Staples Retailing — 1.7% | ||||||||||||
Albertsons LLC: | ||||||||||||
2019 Term Loan B7, (1 mo. LIBOR + 2.75%), 4.45%, 11/17/25 | 444 | 447,054 | ||||||||||
2019 Term Loan B8, (1 mo. LIBOR + 2.75%), 4.45%, 08/17/26 | 12 | 11,621 | ||||||||||
BCPE Empire Holdings, Inc.: | ||||||||||||
2019 Delayed Draw Term Loan, (1 mo. LIBOR + 4.00%), 5.70%, 06/11/26 | 210 | 26,389 | ||||||||||
2019 Term Loan B, (1 mo. LIBOR + 4.00%), 5.70%, 06/11/26 | 1,065 | 1,055,555 | ||||||||||
Hearthside Food Solutions LLC: | ||||||||||||
2018 Incremental Term Loan, (1 mo. LIBOR + 4.00%), 5.70%, 05/23/25 | 1,878 | 1,750,119 | ||||||||||
2018 Term Loan B, (1 mo. LIBOR + 3.69%), 5.39%, 05/23/25 | 578 | 535,616 |
5 |
Schedule of Investments (unaudited) (continued) November 30, 2019 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Food & Staples Retailing (continued) | ||||||||||||
US Foods, Inc.: | ||||||||||||
2016 Term Loan B, (1 mo. LIBOR + 2.00%), 3.70%, 06/27/23 | USD | 2,660 | $ | 2,662,483 | ||||||||
2019 Term Loan B, (1 mo. LIBOR + 2.00%), 3.70%, 09/13/26 | 2,563 | 2,566,844 | ||||||||||
|
| |||||||||||
9,055,681 | ||||||||||||
Food Products — 2.7% | ||||||||||||
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 5.51%, 10/01/25 | 570 | 570,168 | ||||||||||
Chobani LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.20%, 10/10/23 | 4,265 | 4,207,103 | ||||||||||
JBS USA LUX SA, 2019 Term Loan B, (1 mo. LIBOR + 2.50%), 4.20%, 05/01/26 | 2,294 | 2,303,304 | ||||||||||
Reynolds Group Holdings, Inc., 2017 Term Loan, (1 mo. LIBOR + 2.75%), 4.45%, 02/05/23 | 6,912 | 6,921,012 | ||||||||||
|
| |||||||||||
14,001,587 | ||||||||||||
Gas Utilities — 0.1% | ||||||||||||
AL Midcoast Holdings LLC, 2018 Term Loan B, (3 mo. LIBOR + 5.50%), 7.60%, 07/31/25 | 691 | 668,231 | ||||||||||
|
| |||||||||||
Health Care Equipment & Supplies — 2.0% | ||||||||||||
Immucor, Inc., Extended Term Loan B, (3 mo. LIBOR + 5.00%, 1.00% Floor), 7.10%, 06/15/21 | 4,707 | 4,675,877 | ||||||||||
Mallinckrodt International Finance SA, Term Loan B, (3 mo. LIBOR + 2.75%), 4.85%, 09/24/24 | 801 | 626,093 | ||||||||||
Ortho-Clinical Diagnostics SA, 2018 Term Loan B, 06/30/25(f) | 5,168 | 5,094,921 | ||||||||||
|
| |||||||||||
10,396,891 | ||||||||||||
Health Care Providers & Services — 7.7% | ||||||||||||
AHP Health Partners, Inc., 2018 Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.20%, 06/30/25 | 818 | 817,993 | ||||||||||
CHG Healthcare Services, Inc., 2017 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.70%, 06/07/23 | 2,661 | 2,663,799 | ||||||||||
Concentra, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 2.50%), 4.54%, 06/01/22 | 795 | 794,314 | ||||||||||
DentalCorp Perfect Smile ULC, 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.45%, 06/06/25 | 798 | 779,143 |
Security | Par (000) | Value | ||||||||||
Health Care Providers & Services (continued) | ||||||||||||
Diplomat Pharmacy, Inc., 2017 Term Loan B, (3 mo. LIBOR + 4.50%, 1.00% Floor), 6.41%, 12/20/24 | USD | 846 | $ | 736,303 | ||||||||
DuPage Medical Group Ltd., 2nd Lien Term Loan, (1 mo. LIBOR + 7.00%), 8.70%, 08/15/25 | 395 | 382,162 | ||||||||||
Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 5.45%, 10/10/25 | 2,202 | 1,725,602 | ||||||||||
Explorer Holdings, Inc., 2016 Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 5.85%, 05/02/23 | 1,055 | 1,051,497 | ||||||||||
Femur Buyer, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 4.50%), 6.63%, 03/05/26(a) | 609 | 585,094 | ||||||||||
Gentiva Health Services, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 5.50%, 07/02/25 | 2,345 | 2,352,559 | ||||||||||
HC Group Holdings II, Inc., Term Loan B, (1 mo. LIBOR + 4.50%), 6.20%, 08/06/26 | 1,266 | 1,241,731 | ||||||||||
HCA, Inc.: | ||||||||||||
Term Loan B12, (1 mo. LIBOR + 1.75%), 3.45%, 03/13/25 | 1,349 | 1,354,699 | ||||||||||
Term Loan B13, (1 mo. LIBOR + 1.75%), 3.45%, 03/18/26 | 1,783 | 1,788,699 | ||||||||||
MPH Acquisition Holdings LLC, 2016 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 4.85%, 06/07/23 | 2,445 | 2,335,826 | ||||||||||
nThrive, Inc., 2016 1st Lien Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.20%, 10/20/22 | 2,499 | 2,011,530 | ||||||||||
NVA Holdings, Inc., Term Loan B3, (3 mo. LIBOR + 1.75%), 6.50%, 02/02/25 | 2,031 | 2,028,728 | ||||||||||
Sotera Health Holdings LLC: | ||||||||||||
2017 Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.93%, 05/15/22 | 3,429 | 3,406,127 | ||||||||||
2019 Incremental Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.43%, 05/15/22 | 1,197 | 1,192,009 | ||||||||||
2019 Term Loan, 11/20/26(a)(f) | 9,792 | 9,767,925 | ||||||||||
Team Health Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.45%, 02/06/24 | 1,544 | 1,083,937 | ||||||||||
Vizient, Inc., 2019 Term Loan B5, (1 mo. LIBOR + 2.75%), 4.45%, 05/06/26 | 869 | 869,169 |
6 |
Schedule of Investments (unaudited) (continued) November 30, 2019 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Health Care Providers & Services (continued) | ||||||||||||
Zotec Partners LLC, 2018 Term Loan, (1 mo. LIBOR + 5.00%, 1.00% Floor), 6.71%, 02/14/24(a) | USD | 1,194 | $ | 1,193,500 | ||||||||
|
| |||||||||||
40,162,346 | ||||||||||||
Health Care Services — 0.7% | ||||||||||||
Emerald TopCo., Inc., Term Loan, 07/24/26(f) | 1,896 | 1,886,179 | ||||||||||
WP CityMD Bidco LLC, 2019 Term Loan B, 08/13/26(f) | 1,915 | 1,895,850 | ||||||||||
|
| |||||||||||
3,782,029 | ||||||||||||
Health Care Technology — 2.0% | ||||||||||||
Athenahealth, Inc., 2019 Term Loan B, (3 mo. LIBOR + 4.50%), 6.40%, 02/11/26 | 5,043 | 5,031,309 | ||||||||||
Change Healthcare Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.50%, 1.00% Floor), 4.20%, 03/01/24 | 3,719 | 3,715,876 | ||||||||||
GoodRx, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 2.75%), 4.50%, 10/10/25 | 1,062 | 1,059,849 | ||||||||||
Quintiles IMS, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.00%), 4.10%, 03/07/24 | 499 | 501,227 | ||||||||||
|
| |||||||||||
10,308,261 | ||||||||||||
Hotels, Restaurants & Leisure — 9.4% | ||||||||||||
1011778 B.C. Unlimited Liability Co., Term Loan B4, (1 mo. LIBOR + 1.75%), 3.45%, 11/19/26 | 4,397 | 4,394,620 | ||||||||||
Aimbridge Acquisition Co., Inc., 2019 Term Loan B, (1 mo. LIBOR + 3.75%), 5.46%, 02/02/26(a) | 436 | 438,499 | ||||||||||
Aristocrat Technologies, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 1.75%), 3.72%, 10/19/24 | 1,396 | 1,400,536 | ||||||||||
Boyd Gaming Corp., Term Loan B3, (1 Week LIBOR + 2.25%), 3.85%, 09/15/23 | 1,565 | 1,567,883 | ||||||||||
Caesars Resort Collection LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.75%), 4.45%, 12/23/24 | 4,883 | 4,843,355 | ||||||||||
CCM Merger, Inc., Term Loan B, (1 mo. LIBOR + 2.25%), 3.95%, 08/08/21 | 1,345 | 1,343,354 | ||||||||||
Four Seasons Hotels Ltd., 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 3.70%, 11/30/23 | 3,105 | 3,118,771 | ||||||||||
Gateway Casinos & Entertainment Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 5.10%, 03/13/25 | 148 | 145,996 |
Security | Par (000) | Value | ||||||||||
Hotels, Restaurants & Leisure (continued) | ||||||||||||
Golden Nugget LLC, 2017 Incremental Term Loan B, (1 mo. LIBOR + 2.75%), 4.45%, 10/04/23 | USD | 1,911 | $ | 1,909,822 | ||||||||
Hilton Worldwide Finance LLC, 2019 Term Loan B2, (1 mo. LIBOR + 1.75%), 3.46%, 06/22/26 | 2,950 | 2,962,681 | ||||||||||
IRB Holding Corp., 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.22%, 02/05/25 | 3,753 | 3,751,519 | ||||||||||
KFC Holding Co., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 3.51%, 04/03/25 | 1,412 | 1,414,686 | ||||||||||
Penn National Gaming, Inc., 2018 1st Lien Term Loan B, (1 mo. LIBOR + 2.25%), 3.95%, 10/15/25 | 600 | 602,372 | ||||||||||
Playa Resorts Holding BV, 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.45%, 04/29/24 | 1,131 | 1,101,688 | ||||||||||
Sabre GLBL, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 3.70%, 02/22/24 | 2,822 | 2,828,667 | ||||||||||
Scientific Games International, Inc., 2018 Term Loan B5, (1 mo. LIBOR + 2.75%), 4.45%, 08/14/24 | 3,197 | 3,180,561 | ||||||||||
Stars Group Holdings BV, 2018 USD Incremental Term Loan, (3 mo. LIBOR + 3.50%), 5.60%, 07/10/25 | 5,315 | 5,335,559 | ||||||||||
Station Casinos LLC, 2016 Term Loan B, (1 mo. LIBOR + 2.50%), 4.21%, 06/08/23 | 2,950 | 2,954,203 | ||||||||||
Tackle Sarl, 2017 EUR Term Loan, (3 mo. EURIBOR + 3.75%), 3.75%, 08/08/22 | EUR | 1,000 | 1,103,871 | |||||||||
Whatabrands LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 5.03%, 08/02/26 | USD | 2,633 | 2,640,688 | |||||||||
Wyndham Hotels & Resorts, Inc., Term Loan B, (1 mo. LIBOR + 1.75%), 3.45%, 05/30/25 | 1,569 | 1,575,474 | ||||||||||
|
| |||||||||||
48,614,805 | ||||||||||||
Independent Power and Renewable Electricity Producers — 0.9% | ||||||||||||
AES Corp., 2018 Term Loan B, (3 mo. LIBOR + 1.75%), 3.66%, 05/31/22 | 39 | 38,601 | ||||||||||
Calpine Construction Finance Co. LP, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 4.20%, 01/15/25 | 238 | 238,719 | ||||||||||
Calpine Corp. 2019 Term Loan B10, (1 mo. LIBOR + 2.50%), 4.20%, 08/12/26 | 726 | 728,093 |
7 |
Schedule of Investments (unaudited) (continued) November 30, 2019 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Independent Power and Renewable Electricity Producers (continued) | ||||||||||||
Calpine Corp. Term Loan B9, (3 mo. LIBOR + 2.75%), 4.86%, 04/05/26 | USD | 3,684 | $ | 3,694,740 | ||||||||
|
| |||||||||||
4,700,153 | ||||||||||||
Industrial Conglomerates — 1.7% | ||||||||||||
Cortes NP Acquisition Corp., 2017 Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.93%, 11/30/23(a) | 5,071 | 4,950,126 | ||||||||||
Sequa Mezzanine Holdings LLC, 1st Lien Term Loan, (2 mo. LIBOR + 5.00%, 1.00% Floor), 6.82%, 11/28/21 | 1,594 | 1,589,959 | ||||||||||
Sundyne US Purchaser, Inc., Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.70%, 05/15/26 | 2,200 | 2,198,636 | ||||||||||
|
| |||||||||||
8,738,721 | ||||||||||||
Insurance — 4.5% | ||||||||||||
Alliant Holdings I, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 4.70%, 05/09/25 | 3,617 | 3,576,179 | ||||||||||
Alliant Holdings Intermediate LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 5.02%, 05/09/25 | 1,047 | 1,041,447 | ||||||||||
AmWINS Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.52%, 01/25/24 | 2,602 | 2,607,386 | ||||||||||
AssuredPartners, Inc., 2017 1st LienAdd-On Term Loan, (1 mo. LIBOR + 3.50%), 5.20%, 10/22/24 | 2,883 | 2,870,180 | ||||||||||
Davis Vision, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.70%, 12/02/24 | 1,819 | 1,795,875 | ||||||||||
Hub International Ltd.: | ||||||||||||
2018 Term Loan B, (3 mo. LIBOR + 2.75%), 4.69%, 04/25/25 | 3,406 | 3,356,959 | ||||||||||
2019 Incremental Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.90%, 04/25/25 | 1,548 | 1,551,158 | ||||||||||
Sedgwick Claims Management Services, Inc.: | ||||||||||||
2019 Term Loan B, (1 mo. LIBOR + 4.00%), 5.70%, 09/03/26 | 1,823 | 1,818,866 | ||||||||||
Term Loan B, (1 mo. LIBOR + 3.25%), 4.95%, 12/31/25 | 4,951 | 4,859,019 | ||||||||||
|
| |||||||||||
23,477,069 | ||||||||||||
Interactive Media & Services — 0.7% | ||||||||||||
Ancestry.com Operations, Inc.,Non-Extended Term Loan B, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.46%, 10/19/23 | 1,355 | 1,304,188 |
Security | Par (000) | Value | ||||||||||
Interactive Media & Services (continued) | ||||||||||||
Rackspace Hosting, Inc., 2017 Incremental 1st Lien Term Loan, (2 mo. LIBOR + 3.00%, 1.00% Floor), 4.84%, 11/03/23 | USD | 1,343 | $ | 1,258,016 | ||||||||
TierPoint LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.45%, 05/06/24 | 1,230 | 1,152,600 | ||||||||||
|
| |||||||||||
3,714,804 | ||||||||||||
IT Services — 3.5% | ||||||||||||
Altran Technologies SA, 1st Lien Term Loan, (3 mo. LIBOR + 2.50%), 4.66%, 03/20/25 | 670 | 669,800 | ||||||||||
Camelot U.S. Acquisition 1 Co., Term Loan B, (1 mo. LIBOR + 3.25%), 4.95%, 10/31/26 | 2,717 | 2,725,151 | ||||||||||
Epicor Software Corp., 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.96%, 06/01/22 | 2,608 | 2,608,195 | ||||||||||
Evertec Group LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%), 5.29%, 11/27/24 | 916 | 920,658 | ||||||||||
Flexential Intermediate Corp., 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 9.38%, 08/01/25 | 975 | 604,500 | ||||||||||
Greeneden US Holdings II LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 4.95%, 12/01/23 | 1,609 | 1,601,480 | ||||||||||
Trans Union LLC, 2019 Term Loan B5, (1 mo. LIBOR + 1.75%), 3.45%, 11/16/26 | 4,244 | 4,245,889 | ||||||||||
WEX, Inc., Term Loan B3, (1 mo. LIBOR + 2.25%), 3.95%, 05/15/26 | 4,630 | 4,643,685 | ||||||||||
|
| |||||||||||
18,019,358 | ||||||||||||
Leisure Products — 0.2% | ||||||||||||
MND Holdings III Corp., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.60%, 06/19/24(a) | 1,013 | 977,533 | ||||||||||
|
| |||||||||||
Life Sciences Tools & Services — 0.7% | ||||||||||||
Albany Molecular Research, Inc., 1.00% Floor): | ||||||||||||
2017 1st Lien Term Loan, 08/30/24(f) | 994 | 981,200 | ||||||||||
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.00%, 8.70%, 08/30/25 | 395 | 392,780 |
8 |
Schedule of Investments (unaudited) (continued) November 30, 2019 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Life Sciences Tools & Services (continued) | ||||||||||||
eResearchTechnology, Inc., 2019 Term Loan, 11/20/26(f) | USD | 2,155 | $ | 2,138,838 | ||||||||
|
| |||||||||||
3,512,818 | ||||||||||||
Machinery — 1.9% | ||||||||||||
Clark Equipment Company, 2019 Term Loan B, 05/18/24(f) | 599 | 599,002 | ||||||||||
Columbus McKinnon Corp., 2018 Term Loan B, (3 mo. LIBOR + 2.50%, 1.00% Floor), 4.60%, 01/31/24(a) | 144 | 144,975 | ||||||||||
Gardner Denver, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%), 4.45%, 07/30/24 | 2,278 | 2,284,571 | ||||||||||
Terex Corp., 2019 Term Loan B1, (2 mo. LIBOR + 2.75%), 4.59%, 01/31/24 | 323 | 324,452 | ||||||||||
Titan Acquisition Ltd., 2018 Term Loan B, 03/28/25(f) | 5,617 | 5,368,066 | ||||||||||
Welbilt, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.50%), 4.20%, 10/23/25(a) | 993 | 993,991 | ||||||||||
|
| |||||||||||
9,715,057 | ||||||||||||
Media — 10.5% | ||||||||||||
Altice Financing SA: | ||||||||||||
2017 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 4.47%, 01/31/26 | 708 | 689,480 | ||||||||||
2017 Term Loan B, (1 mo. LIBOR + 2.75%), 4.52%, 07/15/25 | 241 | 234,867 | ||||||||||
Altice France SA: | ||||||||||||
2018 Term Loan B13, (1 mo. LIBOR + 4.00%), 5.77%, 08/14/26 | 3,573 | 3,542,848 | ||||||||||
USD Term Loan B12, (1 mo. LIBOR + 3.69%), 5.45%, 01/31/26 | 534 | 527,199 | ||||||||||
Charter Communications Operating LLC, 2019 Term Loan B1, (1 mo. LIBOR + 1.75%), 3.45%, 04/30/25 | 4,407 | 4,426,048 | ||||||||||
Clear Channel Outdoor Holdings, Inc., Term Loan B, (1 mo. LIBOR + 3.50%), 5.20%, 08/21/26 | 7,247 | 7,266,422 | ||||||||||
CSC Holdings LLC: | ||||||||||||
2017 1st Lien Term Loan, (1 mo. LIBOR + 2.25%), 4.02%, 07/17/25 | 1,345 | 1,339,865 | ||||||||||
2019 Term Loan B5, (2 mo. LIBOR + 2.50%), 4.33%, 04/15/27 | 1,674 | 1,674,231 | ||||||||||
Diamond Sports Group LLC, Term Loan, (1 mo. LIBOR + 3.25%), 4.96%, 08/24/26 | 1,870 | 1,863,567 |
Security | Par (000) | Value | ||||||||||
Media (continued) | ||||||||||||
Gray Television, Inc.: | ||||||||||||
2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.03%, 02/07/24 | USD | 607 | $ | 607,660 | ||||||||
2018 Term Loan C, (1 mo. LIBOR + 2.50%), 4.28%, 01/02/26 | 890 | 892,142 | ||||||||||
iHeartCommunications, Inc., Exit Term Loan, (1 mo. LIBOR + 4.00%), 5.78%, 05/01/26 | 2,715 | 2,730,917 | ||||||||||
Intelsat Jackson Holdings SA, 2017 Term Loan B3, 11/27/23(f) | 790 | 777,163 | ||||||||||
Learfield Communications LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.96%, 12/01/23 | 2,483 | 2,487,766 | ||||||||||
Liberty Latin America Ltd., Term Loan B, (1 mo. LIBOR + 5.00%), 6.77%, 10/22/26 | 1,291 | 1,301,005 | ||||||||||
Lions Gate Capital Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.25%), 3.95%, 03/24/25 | 1,517 | 1,476,243 | ||||||||||
MCC Iowa LLC, Term Loan N, (1 Week LIBOR + 1.75%), 3.34%, 02/15/24(a) | 1,065 | 1,068,809 | ||||||||||
MH Sub I LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 5.45%, 09/13/24 | 2,231 | 2,222,550 | ||||||||||
Midcontinent Communications, 2019 Term Loan B, (1 mo. LIBOR + 2.25%), 4.01%, 08/15/26 | 740 | 744,446 | ||||||||||
Nexstar Broadcasting, Inc., 2019 Term Loan B4, (1 mo. LIBOR + 2.75%), 4.45%, 09/18/26 | 1,558 | 1,563,843 | ||||||||||
PCI Gaming Authority, Term Loan, (1 mo. LIBOR + 3.00%), 4.70%, 05/29/26 | 1,491 | 1,498,306 | ||||||||||
PSAV Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.03%, 03/03/25 | 3,107 | 3,012,701 | ||||||||||
Radiate Holdco LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 4.70%, 02/01/24 | 2,063 | 2,047,565 | ||||||||||
Sinclair Television Group, Inc., Term Loan B2, (1 mo. LIBOR + 2.25%), 3.96%, 01/03/24 | 191 | 191,024 | ||||||||||
Trader Corp., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.70%, 09/28/23(a) | 3,761 | 3,737,320 | ||||||||||
Univision Communications, Inc., Term Loan C5, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.45%, 03/15/24 | 1,151 | 1,125,887 | ||||||||||
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 4.46%, 05/18/25 | 2,983 | 2,929,204 |
9 |
Schedule of Investments (unaudited) (continued) November 30, 2019 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Media (continued) | ||||||||||||
Ziggo Secured Finance Partnership, Term Loan E, (1 mo. LIBOR + 2.50%), 4.27%, 04/15/25 | USD | 2,392 | $ | 2,387,200 | ||||||||
|
| |||||||||||
54,366,278 | ||||||||||||
Metals & Mining — 0.9% | ||||||||||||
Ball Metalpack LLC, 2018 1st Lien Term Loan B, 07/31/25(f) | 1,456 | 1,235,463 | ||||||||||
Equinox Holdings, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.70%, 03/08/24 | 3,398 | 3,385,326 | ||||||||||
|
| |||||||||||
4,620,789 | ||||||||||||
Multiline Retail — 0.3% | ||||||||||||
Eyemart Express LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.75%, 08/04/24 | 965 | 962,887 | ||||||||||
Neiman Marcus Group Ltd. LLC, Cash Pay Extended Term Loan, (1 mo. LIBOR + 6.00%), 7.77%, 10/25/23 | 963 | 709,278 | ||||||||||
|
| |||||||||||
1,672,165 | ||||||||||||
Oil & Gas Equipment & Services — 0.4% | ||||||||||||
McDermott Technology Americas, Inc.: | ||||||||||||
2018 1st Lien Term Loan, 10/21/21(f) | 1,182 | 1,189,571 | ||||||||||
2018 1st Lien Term Loan, (3 mo. LIBOR + 5.00%, 1.00% Floor), 7.10%, 05/09/25 | 1,722 | 824,509 | ||||||||||
|
| |||||||||||
2,014,080 | ||||||||||||
Oil, Gas & Consumable Fuels — 0.7% | ||||||||||||
California Resources Corp., Second Out Term Loan, (1 mo. LIBOR + 10.38%, 1.00% Floor), 12.08%, 12/31/21 | 1,737 | 1,003,706 | ||||||||||
CONSOL Energy, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.21%, 09/27/24 | 805 | 735,267 | ||||||||||
Edgewater Generation LLC, Term Loan, (1 mo. LIBOR + 3.75%), 5.45%, 12/13/25 | 1,304 | 1,233,967 | ||||||||||
EG Group Ltd., 2018 Term Loan B, (3 mo. LIBOR + 4.00%), 6.10%, 02/07/25 | 793 | 770,953 | ||||||||||
|
| |||||||||||
3,743,893 | ||||||||||||
Personal Products — 0.5% | ||||||||||||
Sunshine Luxembourg VII Sarl, USD 1st Lien Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 6.35%, 10/01/26 | 2,826 | 2,833,140 | ||||||||||
|
|
Security | Par (000) | Value | ||||||||||
Pharmaceuticals — 4.4% | ||||||||||||
Amneal Pharmaceuticals LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%), 5.25%, 05/04/25 | USD | 1,519 | $ | 1,165,507 | ||||||||
Catalent Pharma Solutions, Inc., Term Loan B2, (1 mo. LIBOR + 2.25%, 1.00% Floor), 3.95%, 05/18/26 | 2,076 | 2,076,588 | ||||||||||
Endo Luxembourg Finance Co. I Sarl, 2017 Term Loan B, (1 mo. LIBOR + 4.25%), 6.00%, 04/29/24 | 1,595 | 1,466,611 | ||||||||||
Grifols Worldwide Operations USA, Inc., USD 2019 Term Loan B, (1 Week LIBOR + 2.00%), 3.77%, 11/15/27 | 2,769 | 2,783,506 | ||||||||||
Jaguar Holding Co. II, 2018 Term Loan, (1 mo. LIBOR + 2.50%, 1.00% Floor), 4.20%, 08/18/22 | 7,625 | 7,631,593 | ||||||||||
Valeant Pharmaceuticals International, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 4.77%, 06/02/25 | 7,791 | 7,822,353 | ||||||||||
|
| |||||||||||
22,946,158 | ||||||||||||
Professional Services — 1.6% | ||||||||||||
ASGN, Inc., 2019 Term Loan B, (1 mo. LIBOR + 1.75%), 3.45%, 04/02/25 | 732 | 732,527 | ||||||||||
Cast and Crew Payroll LLC, 2019 1st Lien Term Loan, (1 mo. LIBOR + 4.00%), 5.71%, 02/09/26 | 2,071 | 2,077,076 | ||||||||||
Dun & Bradstreet Corp., Term Loan, (1 mo. LIBOR + 5.00%), 6.70%, 02/06/26 | 4,149 | 4,169,745 | ||||||||||
SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 5.50%), 7.20%, 08/04/25(a) | 1,283 | 1,234,484 | ||||||||||
|
| |||||||||||
8,213,832 | ||||||||||||
Real Estate Management & Development — 2.4% | ||||||||||||
CityCenter Holdings LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.95%, 04/18/24 | 4,661 | 4,666,988 | ||||||||||
DTZ US Borrower LLC, 2018 Add On Term Loan B, (1 mo. LIBOR + 3.25%), 4.95%, 08/21/25 | 3,119 | 3,122,475 | ||||||||||
ESH Hospitality, Inc., 2019 Term Loan B, (1 mo. LIBOR + 2.00%), 3.70%, 09/18/26 | 777 | 777,967 | ||||||||||
Forest City Enterprises LP, 2019 Term Loan B, (1 mo. LIBOR + 3.50%), 5.20%, 12/08/25 | 2,096 | 2,100,101 | ||||||||||
Realogy Corp., 2018 Term Loan B, (3 mo. LIBOR + 2.25%), 3.96%, 02/08/25 | 782 | 753,887 |
10 |
Schedule of Investments (unaudited) (continued) November 30, 2019 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Real Estate Management & Development (continued) | ||||||||||||
SMG Holdings, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 4.70%, 01/23/25 | USD | 1,195 | $ | 1,194,676 | ||||||||
|
| |||||||||||
12,616,094 | ||||||||||||
Road & Rail — 0.3% | ||||||||||||
Moda Ingleside Energy Center LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 4.95%, 09/29/25 | 735 | 734,891 | ||||||||||
Road Infrastructure Investment LLC, 2016 1st Lien Term Loan, 06/13/23(f) | 853 | 783,783 | ||||||||||
|
| |||||||||||
1,518,674 | ||||||||||||
Semiconductors & Semiconductor Equipment — 0.3% | ||||||||||||
Microchip Technology, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 3.71%, 05/29/25 | 857 | 856,078 | ||||||||||
ON Semiconductor Corp., 2019 Term Loan B, (1 mo. LIBOR + 2.00%), 3.70%, 09/19/26 | 641 | 643,717 | ||||||||||
|
| |||||||||||
1,499,795 | ||||||||||||
Software — 17.9% | ||||||||||||
Applied Systems, Inc., 1.00% Floor): | ||||||||||||
2017 1st Lien Term Loan, 09/19/24(f) | 3,254 | 3,239,450 | ||||||||||
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%, 9.10%, 09/19/25 | 491 | 498,347 | ||||||||||
BMC Software Finance, Inc., 2017 Term Loan, (1 mo. LIBOR + 4.25%), 5.95%, 10/02/25 | 2,970 | 2,854,546 | ||||||||||
Cerence, Inc., Term Loan B, (1 mo. LIBOR + 6.00%, 1.00% Floor), 7.78%, 10/01/24 | 863 | 809,062 | ||||||||||
Cypress Intermediate Holdings III, Inc., 1.00% Floor): | ||||||||||||
2017 1st Lien Term Loan, 04/29/24(f) | 2,755 | 2,736,005 | ||||||||||
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%, 8.45%, 04/27/25 | 814 | 812,575 | ||||||||||
Digicel International Finance Ltd., 2017 Term Loan B, (6 mo. LIBOR + 3.25%), 5.34%, 05/28/24 | 1,463 | 1,221,846 | ||||||||||
DTI Holdco, Inc., 2018 Term Loan B, (3 mo. LIBOR + 4.75%, 1.00% Floor), 6.68%, 09/30/23 | 1,420 | 1,308,542 | ||||||||||
Ellie Mae, Inc., Term Loan, (2 mo. LIBOR + 4.00%), 5.86%, 04/17/26 | 2,722 | 2,710,949 |
Security | Par (000) | Value | ||||||||||
Software (continued) | ||||||||||||
Financial & Risk US Holdings, Inc., 2018 USD Term Loan, (1 mo. LIBOR + 3.75%), 5.45%, 10/01/25 | USD | 6,187 | $ | 6,222,604 | ||||||||
Infor (US), Inc., Term Loan B6, (3 mo. LIBOR + 2.75%, 1.00% Floor), 4.85%, 02/01/22 | 7,159 | 7,166,068 | ||||||||||
Informatica Corp., 2018 Term Loan, (1 mo. LIBOR + 3.25%), 4.95%, 08/05/22 | 4,184 | 4,185,830 | ||||||||||
Kronos, Inc., 1.00% Floor): | ||||||||||||
2017 Term Loan B, 11/01/23(f) | 6,262 | 6,256,969 | ||||||||||
2nd Lien Term Loan, (3 mo. LIBOR + 8.25%, 10.16%, 11/01/24 | 2,135 | 2,154,343 | ||||||||||
McAfee LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.75%), 5.45%, 09/30/24 | 4,248 | 4,251,609 | ||||||||||
Mitchell International, Inc.: | ||||||||||||
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 4.95%, 11/29/24 | 4,101 | 3,921,203 | ||||||||||
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 8.95%, 12/01/25 | 850 | 786,250 | ||||||||||
Renaissance Holding Corp., 2018 Add On Term Loan, (1 mo. LIBOR + 3.25%), 4.95%, 05/30/25 | 696 | 681,393 | ||||||||||
RP Crown Parent LLC, 2016 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.45%, 10/12/23 | 3,126 | 3,125,087 | ||||||||||
Severin Acquisition LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.25%), 5.14%, 08/01/25 | 1,001 | 985,159 | ||||||||||
SolarWinds Holdings, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 4.45%, 02/05/24 | 4,653 | 4,666,553 | ||||||||||
Solera LLC, Term Loan B, (1 mo. LIBOR + 2.75%), 4.45%, 03/03/23 | 3,946 | 3,878,522 | ||||||||||
Sophia LP, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.35%, 09/30/22 | 6,149 | 6,151,233 | ||||||||||
SS&C Technologies Holdings Europe Sarl, 2018 Term Loan B4, (1 mo. LIBOR + 2.25%), 3.95%, 04/16/25 | 1,591 | 1,598,032 | ||||||||||
SS&C Technologies, Inc.: | ||||||||||||
2017 Term Loan B1, (1 mo. LIBOR + 2.25%), 3.95%, 07/08/22 | 95 | 95,664 | ||||||||||
2018 Term Loan B3, (1 mo. LIBOR + 2.25%), 3.95%, 04/16/25 | 2,443 | 2,454,474 | ||||||||||
2018 Term Loan B5, (1 mo. LIBOR + 2.25%), 3.95%, 04/16/25 | 1,561 | 1,568,306 | ||||||||||
Tempo Acquisition LLC, Term Loan, | 4,759 | 4,759,900 |
11 |
Schedule of Investments (unaudited) (continued) November 30, 2019 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Software (continued) | ||||||||||||
Tibco Software, Inc., 2019 Term Loan B, (1 mo. LIBOR + 4.00%), 5.78%, 06/30/26(a) | USD | 4,537 | $ | 4,548,121 | ||||||||
Ultimate Software Group, Inc., Term Loan B, (1 mo. LIBOR + 3.75%), 5.45%, 05/04/26 | 2,865 | 2,877,721 | ||||||||||
Vertafore, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 4.95%, 07/02/25 | 4,297 | 4,166,385 | ||||||||||
|
| |||||||||||
92,692,748 | ||||||||||||
Specialty Retail — 2.8% | ||||||||||||
Belron Finance US LLC: | ||||||||||||
2019 USD Term Loan B, (3 mo. LIBOR + 2.50%), 4.44%, 11/07/26 | 893 | 894,956 | ||||||||||
Term Loan B, (3 mo. LIBOR + 2.25%), 4.14%, 11/07/24 | 2,936 | 2,943,397 | ||||||||||
Term Loan B, (3 mo. LIBOR + 2.25%), 4.15%, 11/13/25 | 450 | 450,726 | ||||||||||
CD&R Firefly Bidco Ltd., 2018 GBP Term Loan B1, (3 mo. LIBOR — GBP + 4.00%), 4.81%, 06/23/25 | GBP | 1,000 | 1,273,745 | |||||||||
IAA, Inc., Term Loan B, (1 mo. LIBOR + 2.25%), 4.00%, 06/28/26 | USD | 828 | 830,958 | |||||||||
Leslie’s Poolmart, Inc., 2018 Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.34%, 08/16/23 | 761 | 711,749 | ||||||||||
MED ParentCo LP: | ||||||||||||
1st Lien Delayed Draw Term Loan, (3 mo. LIBOR + 4.25%), 6.06%, 08/31/26 | 330 | 69,855 | ||||||||||
1st Lien Term Loan, (1 mo. LIBOR + 4.25%), 5.95%, 08/31/26 | 1,323 | 1,311,721 | ||||||||||
Midas Intermediate Holdco II LLC, Incremental Term Loan B, 08/18/21(f) | 1,240 | 1,168,220 | ||||||||||
PetSmart, Inc., Term Loan B2, 03/11/22(f) | 3,474 | 3,380,412 | ||||||||||
Research Now Group, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 7.41%, 12/20/24 | 1,243 | 1,241,620 | ||||||||||
|
| |||||||||||
14,277,359 | ||||||||||||
Technology Hardware, Storage & Peripherals — 0.5% | ||||||||||||
Western Digital Corp., 2018 Term Loan B4, (3 mo. LIBOR + 1.75%), 3.45%, 04/29/23 | 2,795 | 2,785,645 | ||||||||||
|
|
Security | Par (000) | Value | ||||||||||
Textiles, Apparel & Luxury Goods — 0.5% | ||||||||||||
Ascend Performance Materials Operations LLC, 2019 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 7.35%, 08/27/26 | USD | 2,598 | $ | 2,598,083 | ||||||||
|
| |||||||||||
Thrifts & Mortgage Finance — 0.7% | ||||||||||||
IG Investment Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 5.70%, 05/23/25 | 3,707 | 3,649,885 | ||||||||||
|
| |||||||||||
Trading Companies & Distributors — 1.0% | ||||||||||||
Beacon Roofing Supply, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.95%, 01/02/25 | 1,079 | 1,069,959 | ||||||||||
HD Supply, Inc., Term Loan B5, (1 mo. LIBOR + 1.75%), 3.45%, 10/17/23 | 3,829 | 3,845,382 | ||||||||||
United Rentals, Inc., Term Loan B, (1 mo. LIBOR + 1.75%), 3.45%, 10/31/25 | 225 | 225,613 | ||||||||||
|
| |||||||||||
5,140,954 | ||||||||||||
Transportation — 0.2% | ||||||||||||
Safe Fleet Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.77%, 02/03/25 | 819 | 780,755 | ||||||||||
|
| |||||||||||
Utilities — 0.4% | ||||||||||||
ExGen Renewables IV LLC, Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.91%, 11/28/24 | 1,908 | 1,832,068 | ||||||||||
|
| |||||||||||
Wireless Telecommunication Services — 1.2% | ||||||||||||
Geo Group, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 3.71%, 03/22/24 | 1,981 | 1,750,524 | ||||||||||
Ligado Networks LLC, PIK Exit Term Loan (9.75% PIK), 0.00%, 12/07/20(g) | 554 | 327,874 | ||||||||||
SBA Senior Finance II LLC, 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 3.46%, 04/11/25 | 4,315 | 4,314,198 | ||||||||||
|
| |||||||||||
6,392,596 | ||||||||||||
|
| |||||||||||
Total Floating Rate Loan Interests — 135.8% |
| 704,223,014 | ||||||||||
|
| |||||||||||
Shares | ||||||||||||
Investment Companies — 6.3% |
| |||||||||||
United States — 6.3% | ||||||||||||
Invesco Senior Loan ETF | 1,455,000 | 32,679,300 | ||||||||||
|
| |||||||||||
Total Investment Companies — 6.3% |
| 32,679,300 | ||||||||||
|
|
12 |
Schedule of Investments (unaudited) (continued) November 30, 2019 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Beneficial Interest (000) | Value | ||||||||||
Other Interests(h) — 0.0% |
| |||||||||||
IT Services — 0.0% | ||||||||||||
Millennium Corp.(a)(b) | USD | 1,607 | $ | — | ||||||||
Millennium Lender Claims(a)(b) | 1,508 | — | ||||||||||
|
| |||||||||||
Total Other Interests — 0.0% |
| — | ||||||||||
|
| |||||||||||
Shares | ||||||||||||
Warrants — 0.1% |
| |||||||||||
Media — 0.1% | ||||||||||||
iHeartMedia, Inc. (Expires 05/01/39) | 43,029 | 662,173 | ||||||||||
|
| |||||||||||
Total Warrants — 0.1% |
| 662,173 | ||||||||||
|
| |||||||||||
Total Long-Term Investments — 143.5% |
| 744,459,044 | ||||||||||
|
|
Security | Shares | Value | ||||||||||
Short-Term Securities — 0.1% | ||||||||||||
BlackRock Liquidity Funds,T-Fund, Institutional Class, 1.53%(i)(j) | 275,444 | $ | 275,444 | |||||||||
|
| |||||||||||
Total Short-Term Securities — 0.1% |
| 275,444 | ||||||||||
|
| |||||||||||
Options Purchased — 0.0% |
| 33,248 | ||||||||||
|
| |||||||||||
Total Investments — 143.6% |
| 744,767,736 | ||||||||||
Liabilities in Excess of Other Assets — (43.6)% |
| (225,991,597 | ) | |||||||||
|
| |||||||||||
Net Assets — 100.0% |
| $ | 518,776,139 | |||||||||
|
|
(a) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(b) | Non-income producing security. |
(c) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
(d) | Issuer filed for bankruptcy and/or is in default. |
(e) | Variable rate security. Rate shown is the rate in effect as of period end. |
(f) | Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate. |
(g) | Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates. |
(h) | Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities. |
(i) | Annualized7-day yield as of period end. |
(j) | During the period ended November 30, 2019, investments in issuers considered to be an affiliate/affiliates of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, and/or related parties of the Fund were as follows: |
Affiliated Persons and/or Related Parties | Shares Held at 08/31/19 | Shares Purchased | Shares Sold | Shares Held at 11/30/19 | Value at 11/30/19 | Income | Net Realized Gain (Loss) (a) | Change in Unrealized Appreciation (Depreciation) | ||||||||||||||||||||||||
BlackRock Liquidity Funds,T-Fund, Institutional Class(b) | — | 275,444 | — | 275,444 | $ | 275,444 | $ | 7,662 | $ | — | $ | — | ||||||||||||||||||||
iShares iBoxx USD High Yield Corporate Bond ETF(c) | — | 17,000 | (17,000 | ) | — | — | — | 2,169 | — | |||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
$ | 275,444 | $ | 7,662 | $ | 2,169 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
(a) | Includes net capital gain distributions, if applicable. |
(b) | Represents net shares purchased (sold). |
(c) | As of period end, the entity is no longer held by the Fund. |
For Fund compliance purposes, the Fund’s industry classifications refer to one or more of the industrysub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industrysub-classifications for reporting ease.
13 |
Schedule of Investments (unaudited) (continued) November 30, 2019 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) |
Currency Abbreviations
EUR — Euro
GBP — British Pound
USD — United States Dollar
Portfolio Abbreviations
ETF — Exchange-Traded Fund
LIBOR — London Interbank Offered Rate
S&P — Standard & Poor’s
SPDR — Standard & Poor’s Depository Receipts
Derivative Financial Instruments Outstanding as of Period End
Forward Foreign Currency Exchange Contracts
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
EUR | 4,515,000 | USD | 4,968,712 | Natwest Markets PLC | 12/04/19 | $ | 6,210 | |||||||||||||
GBP | 1,851,000 | USD | 2,385,651 | Barclays Bank PLC | 12/04/19 | 8,310 | ||||||||||||||
USD | 5,035,464 | EUR | 4,525,000 | State Street Bank and Trust Co. | 12/04/19 | 49,524 | ||||||||||||||
|
| |||||||||||||||||||
64,044 | ||||||||||||||||||||
|
| |||||||||||||||||||
USD | 2,391,504 | GBP | 1,854,000 | State Street Bank and Trust Co. | 12/04/19 | (6,337 | ) | |||||||||||||
USD | 4,991,016 | EUR | 4,515,000 | Natwest Markets PLC | 02/05/20 | (6,445 | ) | |||||||||||||
USD | 2,391,207 | GBP | 1,851,000 | Barclays Bank PLC | 02/05/20 | (8,339 | ) | |||||||||||||
|
| |||||||||||||||||||
(21,121 | ) | |||||||||||||||||||
|
| |||||||||||||||||||
Net unrealized appreciation | $ | 42,923 | ||||||||||||||||||
|
|
Exchange-Traded Options Purchased
Description | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||||||||||||||||||
Put | ||||||||||||||||||||||||
SPDR S&P 500 ETF Trust | 165 | 12/31/19 | USD | 295.00 | USD | 5,186 | $ | 14,108 | ||||||||||||||||
SPDR S&P 500 ETF Trust | 165 | 12/31/19 | USD | 299.00 | USD | 5,186 | 19,140 | |||||||||||||||||
|
| |||||||||||||||||||||||
$ | 33,248 | |||||||||||||||||||||||
|
|
14 |
Schedule of Investments (unaudited) (continued) November 30, 2019 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
• | Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access |
• | Level 2 — Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs) |
• | Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of investments and derivative financial instruments) |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its annual report.
The following table summarizes the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
Investments: | ||||||||||||||||
Long-Term Investments: | ||||||||||||||||
Common Stocks(a) | $ | 387,245 | $ | 89 | $ | 617,523 | $ | 1,004,857 | ||||||||
Corporate Bonds(a) | — | 5,014,345 | 875,355 | 5,889,700 | ||||||||||||
Floating Rate Loan Interests(a) | — | 660,797,601 | 43,425,413 | 704,223,014 | ||||||||||||
Investment Companies | 32,679,300 | — | — | 32,679,300 | ||||||||||||
Warrants | — | 662,173 | — | 662,173 | ||||||||||||
Short-Term Securities: | 275,444 | — | — | 275,444 | ||||||||||||
Options Purchased: | ||||||||||||||||
Equity Contracts | 33,248 | — | — | 33,248 | ||||||||||||
Unfunded Floating Rate Loan Interest(b) | — | 2,763 | — | 2,763 | ||||||||||||
Liabilities: | ||||||||||||||||
Investments: | ||||||||||||||||
Unfunded Floating Rate Loan Interest(b) | — | (4,047 | ) | — | (4,047 | ) | ||||||||||
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$ | 33,375,237 | $ | 666,472,924 | $ | 44,918,291 | $ | 744,766,452 | |||||||||
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Derivative Financial Instruments(c) | ||||||||||||||||
Assets: | ||||||||||||||||
Forward foreign currency contracts | $ | — | $ | 64,044 | $ | — | $ | 64,044 | ||||||||
Liabilities: | ||||||||||||||||
Forward foreign currency contracts | — | (21,121 | ) | — | (21,121 | ) | ||||||||||
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$ | — | $ | 42,923 | $ | — | $ | 42,923 | |||||||||
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(a) | See above Schedule of Investments for values in each industry. |
15 |
Schedule of Investments (unaudited) (continued) November 30, 2019 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) |
(b) | Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment. |
(c) | Derivative financial instruments are forward foreign currency exchange contracts. Forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of period end, bank borrowings payable of $206,000,000 is categorized as Level 2 within the disclosure hierarchy.
A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the year in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:
Common Stocks | Corporate Bonds | Floating Rate Loan | Total | |||||||||||||
Assets: | ||||||||||||||||
Opening balance, as of August 31, 2019 | $ | 564,703 | $ | 875,355 | $ | 24,982,577 | $ | 26,422,635 | ||||||||
Transfers into Level 3(a) | — | — | 14,329,432 | 14,329,432 | ||||||||||||
Transfers out of Level 3(b) | — | — | (6,594,587 | ) | (6,594,587 | ) | ||||||||||
Accrued discounts/premiums | — | 1,268 | 4,339 | 5,607 | ||||||||||||
Net realized gain (loss) | — | 2 | (38,427 | ) | (38,425 | ) | ||||||||||
Net change in unrealized appreciation (depreciation)(c) | 52,820 | (1,268 | ) | 286,582 | 338,134 | |||||||||||
Purchases | — | — | 14,544,202 | 14,544,202 | ||||||||||||
Sales | — | (2 | ) | (4,088,705 | ) | (4,088,707 | ) | |||||||||
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Closing balance, as of November 30, 2019 | $ | 617,523 | $ | 875,355 | $ | 43,425,413 | $ | 44,918,291 | ||||||||
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Net change in unrealized appreciation (depreciation) on investments still held at November 30, 2019(c) | $ | 52,820 | $ | (1,268 | ) | $ | 254,385 | $ | 305,937 | |||||||
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(a) | As of August 31, 2019, the Fund used observable inputs in determining the value of certain investments. As of November 30, 2019, the Fund used significant unobservable inputs in determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the disclosure hierarchy. |
(b) | As of August 31, 2019, the Fund used significant unobservable inputs in determining the value of certain investments. As of November 30, 2019, the Fund used observable inputs in determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 2 in the disclosure hierarchy. |
(c) | Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at November 30, 2019 is generally due to investments no longer held or categorized as Level 3 at period end. |
16 |