Schedule of Investments (unaudited) September 30, 2020 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security |
Shares | Value | ||||||
Common Stocks |
| |||||||
Diversified Financial Services — 0.0% | ||||||||
Kcad Holdings I Ltd.(a)(b) | 309,827,230 | $ | 3,098 | |||||
|
| |||||||
Energy Equipment & Services(b) — 0.1% | ||||||||
Mcdermott International Ltd | 123,933 | 297,439 | ||||||
Pioneer Energy Services Corp.(a) | 887 | 34,445 | ||||||
|
| |||||||
331,884 | ||||||||
Health Care Management Services — 0.0% | ||||||||
New Millennium HoldCo, Inc | 14,906 | 15 | ||||||
|
| |||||||
Media — 0.0% | ||||||||
Clear Channel Outdoor Holdings, Inc.(b) | 114,650 | 114,650 | ||||||
|
| |||||||
Metals & Mining — 0.0% | ||||||||
Preferred Proppants LLC(a)(b) | 12,198 | 48,792 | ||||||
|
| |||||||
Semiconductors & Semiconductor Equipment(b) — 0.0% | ||||||||
Maxeon Solar Technologies Ltd | 232 | 3,935 | ||||||
SunPower Corp | 1,860 | 23,269 | ||||||
|
| |||||||
27,204 | ||||||||
Software — 0.0% | ||||||||
Avaya Holdings Corp.(b) | 66 | 1,003 | ||||||
|
| |||||||
Specialty Retail — 0.0% | ||||||||
NMG Parent LLC | 3,613 | 153,494 | ||||||
|
| |||||||
Total Common Stocks — 0.1% | 680,140 | |||||||
|
|
Par (000) | ||||||||
Corporate Bonds | ||||||||
Aerospace & Defense(c) — 0.4% | ||||||||
TransDigm, Inc., 8.00%, 12/15/25 | USD | 318 | 345,825 | |||||
Wolverine Escrow LLC, 9.00%, 11/15/26 | 1,555 | 1,282,875 | ||||||
|
| |||||||
1,628,700 | ||||||||
Air Freight & Logistics — 0.2% | ||||||||
FedEx Corp., 3.80%, 05/15/25 | 669 | 756,801 | ||||||
|
| |||||||
Airlines(c) — 1.3% | ||||||||
Allegaint Travel Co., 8.50%, 02/05/24(d) | 1,195 | 1,195,000 | ||||||
American Airlines, Inc., 11.75%, 07/15/25 | 2,362 | 2,279,330 | ||||||
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27 | 2,453 | 2,554,186 | ||||||
|
| |||||||
6,028,516 | ||||||||
Auto Components — 0.1% | ||||||||
Clarios Global LP, 6.75%, 05/15/25(c) | 496 | 522,040 | ||||||
|
| |||||||
Automobiles — 0.9% | ||||||||
AutoNation, Inc., 4.75%, 06/01/30 | 141 | 166,128 | ||||||
Ford Motor Co., 8.50%, 04/21/23 | 2,029 | 2,211,610 | ||||||
Ford Motor Credit Co. LLC, 5.13%, 06/16/25 | 209 | 215,531 | ||||||
General Motors Co., 6.13%, 10/01/25 | 661 | 767,857 | ||||||
General Motors Financial Co., Inc., 2.75%, | 925 | 946,384 | ||||||
Group 1 Automotive, Inc., 4.00%, 08/15/28(c) | 170 | 167,025 | ||||||
|
| |||||||
4,474,535 |
Security | Par (000) | Value | ||||||
Building Materials — 0.0% | ||||||||
Summit Materials LLC/Summit Materials Finance | USD | 118 | $ | 122,867 | ||||
|
| |||||||
Chemicals — 0.0% | ||||||||
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., | 51 | 54,825 | ||||||
|
| |||||||
Construction Materials(c) — 0.3% | ||||||||
American Builders & Contractors Supply Co., Inc., | 1,335 | 1,356,694 | ||||||
Core & Main LP, 6.13%, 08/15/25 | 227 | 229,934 | ||||||
|
| |||||||
1,586,628 | ||||||||
Consumer Finance — 0.3% | ||||||||
Equifax, Inc., 2.60%, 12/15/25 | 136 | 145,198 | ||||||
Husky III Holding Ltd., (13.00% Cash or 13.00% | 905 | 936,675 | ||||||
PayPal Holdings, Inc., 1.65%, 06/01/25 | 424 | 439,144 | ||||||
|
| |||||||
1,521,017 | ||||||||
Containers & Packaging — 0.0% | ||||||||
Graham Packaging Co., Inc., 7.13%, 08/15/28(c) | 117 | 121,826 | ||||||
|
| |||||||
Electric Utilities — 0.0% | ||||||||
Pike Corp., 5.50%, 09/01/28(c) | 144 | 144,891 | ||||||
Texas Competitive Electric Holdings Co. LLC/TCEH | 1,061 | — | ||||||
|
| |||||||
144,891 | ||||||||
Energy Equipment & Services(a)(c)(e) — 0.1% | ||||||||
Pioneer Energy Services Corp. (11.00% PIK), 11.00%, 05/15/25 | 368 | 294,413 | ||||||
(5.00% PIK), 5.00%, 11/15/25(f) | 248 | 134,032 | ||||||
|
| |||||||
428,445 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 0.1% |
| |||||||
Marriott International, Inc., Series EE, 5.75%, 05/01/25 | 376 | 419,624 | ||||||
|
| |||||||
Internet Software & Services(c) — 0.4% | ||||||||
Expedia Group, Inc. | ||||||||
3.60%, 12/15/23 | 792 | 809,196 | ||||||
6.25%, 05/01/25 | 767 | 845,931 | ||||||
TripAdvisor, Inc., 7.00%, 07/15/25 | 87 | 90,698 | ||||||
Uber Technologies, Inc., 6.25%, 01/15/28 | 222 | 228,038 | ||||||
|
| |||||||
1,973,863 | ||||||||
IT Services — 0.6% | ||||||||
BY Crown Parent LLC/BY Bond Finance, Inc., | 293 | 298,311 | ||||||
Castle U.S. Holding Corp., 9.50%, 02/15/28(c) | 647 | 617,076 | ||||||
Fiserv, Inc., 2.25%, 06/01/27 | 1,575 | 1,663,498 | ||||||
|
| |||||||
2,578,885 | ||||||||
Machinery — 0.0% | ||||||||
Clark Equipment Co., 5.88%, 06/01/25(c) | 119 | 123,314 | ||||||
|
| |||||||
Media(c) — 1.0% | ||||||||
Connect Finco Sarl/Connect US Finco LLC, 6.75%, 10/01/26 | 350 | 351,102 | ||||||
Liberty Broadband Corp., 2.75%, 09/30/50(f) | 513 | 551,849 | ||||||
Radiate Holdco LLC/Radiate Finance, Inc. | ||||||||
4.50%, 09/15/26 | 573 | 572,880 | ||||||
6.50%, 09/15/28 | 787 | 806,488 | ||||||
Univision Communications, Inc., 6.63%, 06/01/27 | 227 | 221,609 |
SCHEDULE OF INVESTMENTS | 1 |
Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Media (continued) | ||||||||
Zayo Group Holdings, Inc. | ||||||||
4.00%, 03/01/27 | USD | 2,029 | $ | 1,996,992 | ||||
6.13%, 03/01/28 | 281 | 290,048 | ||||||
|
| |||||||
4,790,968 | ||||||||
Oil, Gas & Consumable Fuels(c) — 0.1% |
| |||||||
eG Global Finance PLC, 8.50%, 10/30/25 | 284 | 298,443 | ||||||
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc., 4.63%, | 138 | 140,760 | ||||||
|
| |||||||
439,203 | ||||||||
Real Estate Management & Development(c) — 0.2% |
| |||||||
Cushman & Wakefield US Borrower LLC, 6.75%, 05/15/28 | 834 | 865,817 | ||||||
Realogy Group LLC/Realogy Co-Issuer Corp., 7.63%, 06/15/25 | 123 | 128,843 | ||||||
|
| |||||||
994,660 | ||||||||
Semiconductors & Semiconductor Equipment — 0.6% |
| |||||||
Broadcom, Inc. | ||||||||
4.70%, 04/15/25 | 1,771 | 2,012,410 | ||||||
3.15%, 11/15/25 | 660 | 714,865 | ||||||
NXP BV/NXP Funding LLC/NXP USA, Inc., 2.70%, 05/01/25(c) | 75 | 79,452 | ||||||
|
| |||||||
2,806,727 | ||||||||
Software(c) — 0.3% |
| |||||||
Solera LLC/Solera Finance, Inc., 10.50%, 03/01/24 | 666 | 695,970 | ||||||
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 5.75%, 06/01/25 | 76 | 79,610 | ||||||
Veritas US, Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25 | 438 | 451,687 | ||||||
|
| |||||||
1,227,267 | ||||||||
Wireless Telecommunication Services — 0.1% |
| |||||||
GLP Capital LP/GLP Financing II, Inc., 4.00%, 01/15/31 | 408 | 424,740 | ||||||
|
| |||||||
Total Corporate Bonds — 7.0% (Cost: $32,038,624) | 33,170,342 | |||||||
|
| |||||||
Floating Rate Loan Interests(g) |
| |||||||
Aerospace & Defense — 2.5% |
| |||||||
Bleriot US Bidco, Inc. | ||||||||
4.75%), 4.97%, 10/31/26 | 98 | 96,952 | ||||||
Term Loan B, (3 mo. LIBOR + 4.75%), 4.97%, 10/31/26 | 626 | 620,490 | ||||||
Dynasty Acquisition Co., Inc. | ||||||||
3.50%), 3.72%, 04/06/26 | 2,049 | 1,801,686 | ||||||
2020 Term Loan B1, (3 mo. LIBOR + 3.50%), 3.72%, 04/06/26 | 3,811 | 3,351,137 | ||||||
Nordam Group, Inc., Term Loan B, (PRIME + | 780 | 655,301 | ||||||
Spirit Aerosystems, Inc., 2020 Term Loan B, 6.00%, 01/31/25(a) | 1,005 | 1,002,487 |
Security | Par (000) | Value | ||||||
Aerospace & Defense (continued) | ||||||||
Trandigm, Inc., 2020 Term Loan F, (1 mo. LIBOR + 2.25%), 2.40%, 12/09/25 | USD | 4,361 | $ | 4,115,950 | ||||
TransDigm, Inc., 2020 Term Loan G, (1 mo. LIBOR + 2.25%), 2.40%, 08/22/24 | 247 | 233,019 | ||||||
|
| |||||||
11,877,022 | ||||||||
Air Freight & Logistics — 0.6% |
| |||||||
WestJet Airlines Ltd., Term Loan B, (6 mo. LIBOR + | 3,480 | 3,007,979 | ||||||
|
| |||||||
Airlines — 1.3% |
| |||||||
American Airlines, Inc. | ||||||||
2017 1st Lien Term Loan, (1 mo. LIBOR + 1.75%), 1.90%, 01/29/27 | 392 | 284,747 | ||||||
2017 Incremental Term Loan, (1 mo. LIBOR + 2.00%), 2.15%, 12/14/23 | 1,988 | 1,618,138 | ||||||
Repriced TL B due 2023, (1 mo. LIBOR + 2.00%), 2.15%, 04/28/23 | 1,370 | 1,116,797 | ||||||
JetBlue Airways Corp., Term Loan, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 06/17/24 | 768 | 761,714 | ||||||
Mileage Plus Holdings LLC, 2020 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 06/20/27 | 2,394 | 2,431,251 | ||||||
|
| |||||||
6,212,647 | ||||||||
Auto Components — 2.7% |
| |||||||
Panther BF Aggregator 2 LP, USD Term Loan B, (1 mo. LIBOR + 3.50%), 3.65%, 04/30/26 | 6,501 | 6,323,802 | ||||||
USI, Inc. | ||||||||
2017 Repriced Term Loan, (3 mo. LIBOR + 3.00%), 3.22%, 05/16/24 | 3,819 | 3,688,311 | ||||||
2019 Incremental Term Loan B, (3 mo. LIBOR + 4.00%), 4.22%, 12/02/26 | 218 | 215,802 | ||||||
Wand NewCo 3, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 02/05/26 | 2,632 | 2,535,902 | ||||||
|
| |||||||
12,763,817 | ||||||||
Banks — 0.7% |
| |||||||
Capri Finance LLC, USD 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00%), 3.26%, 11/01/24 | 3,537 | 3,531,425 | ||||||
|
| |||||||
Building Materials — 0.5% |
| |||||||
Allied Universal Holdco LLC, 2019 Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 07/12/26 | 2,382 | 2,353,472 | ||||||
|
| |||||||
Building Products — 1.3% |
| |||||||
CPG International, Inc., 2017 Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 05/05/24 | 1,735 | 1,727,430 | ||||||
LSF10 XL Bidco SCA, EUR Term Loan B3, (EURIBOR + 4.00%), 4.00%, 10/12/26 | EUR | 1,000 | 1,116,336 | |||||
Wilsonart LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/19/23 | USD | 3,595 | 3,559,149 | |||||
|
| |||||||
6,402,915 | ||||||||
Capital Markets — 2.3% |
| |||||||
Deerfield Dakota Holding LLC, 2020 USD Term Loan B, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 04/09/27 | 3,910 | 3,881,174 | ||||||
FinCo I LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.50%), 2.73%, 06/27/25 | 918 | 911,933 |
2 |
Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Capital Markets (continued) | ||||||||
Greenhill & Co., Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 04/12/24(a) | USD | 1,248 | $ | 1,223,088 | ||||
GT Polaris, Inc., Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 09/24/27 | 831 | 823,986 | ||||||
Jefferies Finance LLC, 2019 Term Loan, (1 mo. LIBOR + 3.25%), 3.44%, 06/03/26(a) | 1,156 | 1,106,764 | ||||||
Travelport Finance (Luxembourg) Sarl | ||||||||
2019 Term Loan, (3 mo. LIBOR + 5.00%), 5.22%, 05/29/26 | 2,236 | 1,676,997 | ||||||
2020 Super Priority Term Loan, (3 mo. LIBOR + 7.00%), 8.00%, 02/28/25 | 1,267 | 1,215,198 | ||||||
|
| |||||||
10,839,140 | ||||||||
Chemicals — 5.3% | ||||||||
Alpha 3 BV, 2017 Term Loan B1, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 01/31/24 | 3,022 | 2,970,853 | ||||||
Ascend Performance Materials Operations LLC, 2019 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 08/27/26 | 2,572 | 2,561,376 | ||||||
Axalta Coating Systems US Holdings, Inc., USD Term Loan B3, (3 mo. LIBOR + 1.75%), 1.97%, 06/01/24 | 1,865 | 1,818,705 | ||||||
Charter NEX US Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 05/16/24 | 2,841 | 2,768,088 | ||||||
Charter NEX US, Inc., Incremental Term Loan, (1 mo. LIBOR + 3.25%), 3.40%, 05/16/24 | 615 | 598,581 | ||||||
Chemours Co., 2018 USD Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 04/03/25 | 651 | 626,397 | ||||||
Element Materials Technology Group US Holdings, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 06/28/24 | 1,166 | 1,107,696 | ||||||
Encapsys LLC, 2020 Term Loan B2, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 11/07/24 | 1,249 | 1,223,671 | ||||||
Illuminate Buyer LLC, Term Loan, (1 Week LIBOR + 4.00%), 4.15%, 06/30/27 | 2,499 | 2,475,823 | ||||||
Invictus US LLC | ||||||||
1st Lien Term Loan, (1 mo. LIBOR + 3.00%), | 775 | 753,712 | ||||||
2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 6.90%, 03/30/26 | 1,194 | 1,111,351 | ||||||
Messer Industries GmbH, 2018 USD Term Loan, (3 mo. LIBOR + 2.50%), 2.72%, 03/02/26 | 2,869 | 2,804,123 | ||||||
Minerals Technologies, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.00%, 02/14/24(a) | 494 | 483,879 | ||||||
Momentive Performance Materials, Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 3.41%, 05/15/24 | 1,505 | 1,438,650 | ||||||
Oxea Holding Drei GmbH, 2017 USD Term Loan B2, (1 mo. LIBOR + 3.50%), 3.69%, 10/14/24 | 2,596 | 2,487,810 | ||||||
Starfruit Finco BV, 2018 USD Term Loan B, (1 mo. LIBOR + 3.00%), 3.15%, 10/01/25 | 207 | 200,050 | ||||||
|
| |||||||
25,430,765 | ||||||||
Commercial Services & Supplies — 5.8% | ||||||||
Advanced Disposal Services, Inc., Term Loan B3, (1 Week LIBOR + 2.25%), 3.00%, 11/10/23 | 2,967 | 2,959,560 | ||||||
Aramark Services, Inc., 2018 Term Loan B3, (1 mo. LIBOR + 1.75%), 1.90%, 03/11/25 | 155 | 147,649 |
Security | Par (000) | Value | ||||||
Commercial Services & Supplies (continued) | ||||||||
Asplundh Tree Expert LLC, Term Loan B, (3 mo. LIBOR + 2.50%), 2.65%, 09/07/27 | USD 2,013 | $ | 2,009,236 | |||||
Asurion LLC | ||||||||
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%), 6.65%, 08/04/25 | 1,503 | 1,503,346 | ||||||
2018 Term Loan B6, (1 mo. LIBOR + 3.00%), 3.15%, 11/03/23 | 3,157 | 3,107,209 | ||||||
2018 Term Loan B7, (1 mo. LIBOR + 3.00%), 3.15%, 11/03/24 | 1,153 | 1,132,550 | ||||||
Creative Artists Agency LLC | ||||||||
2019 Term Loan B, (1 mo. LIBOR + 3.75%), 3.90%, 11/26/26 | 849 | 813,406 | ||||||
2020 Incremental Term Loan B1, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 11/26/26 | 1,995 | 1,912,480 | ||||||
Dealer Tire LLC, 2020 Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 12/12/25 | 2,340 | 2,281,807 | ||||||
Diamond (BC) BV, USD Term Loan, (3 mo. LIBOR + 3.00%), 3.26%, 09/06/24 | 2,751 | 2,565,548 | ||||||
EnergySolutions LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 05/09/25 | 571 | 543,744 | ||||||
GFL Environmental, Inc., 2018 USD Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 05/30/25 | 469 | 466,709 | ||||||
Harland Clarke Holdings Corp., Term Loan B7, (3 mo. LIBOR + 4.75%, 1.00% Floor), 5.75%, 11/03/23 | 447 | 364,267 | ||||||
KAR Auction Services, Inc., 2019 Term Loan B6, (1 mo. LIBOR + 2.25%), 2.44%, 09/19/26(a) | 998 | 960,251 | ||||||
Prime Security Services Borrower LLC, 2019 Term Loan B1, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 09/23/26 | 2,174 | 2,151,778 | ||||||
Verisure Holding AB, EUR Term Loan B1E, (EURIBOR + 3.00%), 3.00%, 10/21/22 | EUR | 627 | 725,744 | |||||
Verscend Holding Corp., 2018 Term Loan B, (1 mo. LIBOR + 4.50%), 4.65%, 08/27/25 | USD | 2,691 | 2,660,459 | |||||
West Corp., 2017 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 10/10/24 | 1,158 | 1,048,027 | ||||||
|
| |||||||
27,353,770 | ||||||||
Communications Equipment — 0.3% | ||||||||
Avantor, Inc., USD Term Loan B3, (1 mo. LIBOR + 2.25%, 1.00% Floor), 3.25%, 11/21/24 | 1,281 | 1,262,685 | ||||||
|
| |||||||
Construction & Engineering — 1.5% | ||||||||
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 06/21/24 | 3,607 | 3,348,888 | ||||||
Pike Corp., 2020 Term Loan B, (1 mo. LIBOR + 3.00%), 3.15%, 07/24/26 | 560 | 554,400 | ||||||
Ply Gem Midco, Inc., 2018 Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 04/12/25 | 446 | 436,822 | ||||||
SRS Distribution, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.00%), 3.15%, 05/23/25 | 2,942 | 2,859,200 | ||||||
|
| |||||||
7,199,310 | ||||||||
Construction Materials — 2.2% | ||||||||
American Builders & Contractors Supply Co., Inc., 2019 Term Loan, (1 mo. LIBOR + 2.00%), 2.15%, 01/15/27 | 1,451 | 1,409,968 |
SCHEDULE OF INVESTMENTS | 3 |
Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Construction Materials (continued) | ||||||||
Core & Main LP, 2017 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 08/01/24 | USD | 5,085 | $ | 4,972,048 | ||||
Filtration Group Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 03/29/25 | 2,836 | 2,776,313 | ||||||
Forterra Finance LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 10/25/23 | 1,226 | 1,212,194 | ||||||
|
| |||||||
10,370,523 | ||||||||
Containers & Packaging — 2.7% |
| |||||||
Berry Global, Inc. | ||||||||
Term Loan W, (1 mo. LIBOR + 2.00%), 2.16%, 10/01/22 | 4,782 | 4,736,683 | ||||||
Term Loan Y, (1 mo. LIBOR + 2.00%), 2.16%, 07/01/26 | 1,549 | 1,500,829 | ||||||
BWAY Holding Co., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 3.52%, 04/03/24 | 2,423 | 2,270,437 | ||||||
Flex Acquisition Co., Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 12/29/23 | 2,080 | 2,030,464 | ||||||
Graham Packaging Co., Inc., Term Loan, (1 mo. LIBOR + 3.75%), 4.50%, 08/04/27 | 851 | 844,975 | ||||||
Pregis TopCo Corp., 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 08/01/26 | 630 | 619,977 | ||||||
Tosca Services LLC, 2020 Term Loan B, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 08/18/27 | 830 | 828,962 | ||||||
|
| |||||||
12,832,327 | ||||||||
Distributors — 0.8% |
| |||||||
TMK Hawk Parent Corp. | ||||||||
2020 Super Priority First Out Term Loan A, (3 mo. LIBOR + 9.50%, 1.00% Floor), 10.50%, 05/30/24 | 936 | 898,713 | ||||||
2020 Super Priority Second Out Term Loan B, (3 mo. LIBOR + 3.50%), 6.50%, 08/28/24 | 3,120 | 2,713,951 | ||||||
|
| |||||||
3,612,664 | ||||||||
Diversified Consumer Services — 3.4% |
| |||||||
Amentum Government Services Holdings LLC, Term Loan B, (1 mo. LIBOR + 3.50%), 3.65%, 01/31/27 | 553 | 543,176 | ||||||
Ascend Learning LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 07/12/24 | 1,568 | 1,544,814 | ||||||
BidFair MergerRight, Inc., Term Loan B, (1 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 01/15/27 | 3,022 | 3,002,868 | ||||||
Bright Horizons Family Solutions, Inc., 2017 Term Loan B, (1 mo. LIBOR + 1.75%), 2.50%, 11/07/23 | 1,871 | 1,809,213 | ||||||
Genuine Financial Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 07/11/25 | 2,603 | 2,366,843 | ||||||
LEB Holdings (USA), Inc, Term Loan B, 09/25/27(h) . | 573 | 567,986 | ||||||
Nomad Foods Europe Midco Ltd., 2017 USD Term Loan B4, (1 mo. LIBOR + 2.25%), 2.40%, 05/15/24 | 1,142 | 1,109,205 | ||||||
Serta Simmons Bedding LLC | ||||||||
2020 Super Priority First Out Term Loan, (1 mo. LIBOR + 7.50%), 8.50%, 08/10/23 | 476 | 468,494 |
Security | Par (000) | Value | ||||||
Diversified Consumer Services (continued) | ||||||||
Serta Simmons Bedding LLC (continued) |
| |||||||
2020 Super Priority Second Out Term Loan, (1 mo. LIBOR + 7.50%, 1.00% Floor), 8.50%, 08/10/23 | USD | 745 | $ | 605,793 | ||||
TruGreen LP, 2019 Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 03/19/26 | 1,869 | 1,848,908 | ||||||
Uber Technologies, Inc., 2018 Incremental Term Loan, (1 mo. LIBOR + 3.50%), 3.65%, 07/13/23 | 2,133 | 2,094,172 | ||||||
|
| |||||||
15,961,472 | ||||||||
Diversified Financial Services — 3.9% |
| |||||||
Advisor Group, Inc., 2019 Term Loan B, (1 mo. LIBOR + 5.00%), 5.15%, 08/01/26 | 1,073 | 1,036,530 | ||||||
Alchemy Copyrights LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 4.00%, 08/14/27(a) | 863 | 860,843 | ||||||
AlixPartners LLP, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 2.64%, 04/04/24 | 4,461 | 4,346,154 | ||||||
Allsup’s Convenience Stores, Inc., Term Loan, (1 mo. LIBOR + 6.25%), 6.40%, 11/18/24 | 795 | 795,325 | ||||||
EG Finco Ltd., 2018 Term Loan, (3 mo. LIBOR + 4.00%), 4.22%, 02/07/25 | 926 | 905,229 | ||||||
Kingpin Intermediate Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 07/03/24 | 1,712 | 1,454,674 | ||||||
Milano Acquisition Corp, Term Loan, 5.25%, 08/17/27 | 2,557 | 2,525,037 | ||||||
SMG US Midco 2, Inc., 2020 Term Loan, (3 mo. LIBOR + 2.50%), 2.76%, 01/23/25 | 1,560 | 1,356,850 | ||||||
SSH Group Holdings, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 4.25%), 4.47%, 07/30/25 | 514 | 486,824 | ||||||
VS Buyer LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 02/28/27 | 3,485 | 3,418,115 | ||||||
Ziggo Financing Partnership, USD Term Loan I, (1 mo. LIBOR + 2.50%), 2.65%, 04/30/28 | 1,617 | 1,553,436 | ||||||
|
| |||||||
18,739,017 | ||||||||
Diversified Telecommunication Services — 2.8% |
| |||||||
Cablevision Lightpath LLC, Term Loan B, 4.00%, 09/09/27 | 578 | 574,387 | ||||||
Consolidated Communications, Inc., 2020 Term Loan B, 10/17/27(h) | 1,131 | 1,117,926 | ||||||
GCI Holdings, Inc., 2020 Term Loan B, 09/24/25(a)(h) | 1,247 | 1,237,647 | ||||||
Hargray Communications Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 05/16/24 | 1,434 | 1,423,294 | ||||||
Iridium Satellite LLC, Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 11/04/26 | 1,761 | 1,755,168 | ||||||
Level 3 Financing, Inc., 2019 Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 03/01/27 | 1,931 | 1,868,693 | ||||||
MTN Infrastructure TopCo, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 11/15/24 | 2,316 | 2,274,580 | ||||||
Northwest Fiber LLC, Term Loan B, (3 mo. LIBOR + 5.50%), 5.66%, 04/30/27 | 963 | 960,181 |
4 |
Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Diversified Telecommunication Services (continued) | ||||||||
TDC A/S, EUR Term Loan, (EURIBOR + 3.00%), 3.00%, 06/04/25 | EUR | 819 | $ | 937,766 | ||||
Virgin Media SFA Finance Ltd., GBP Term Loan L, (LIBOR - GBP + 3.25%), 3.30%, 01/15/27 | GBP | 1,000 | 1,244,310 | |||||
|
| |||||||
13,393,952 | ||||||||
Electric Utilities — 0.3% |
| |||||||
Pacific Gas & Electric Co., 2020 Term Loan, (3 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 06/23/25 | USD | 1,445 | 1,414,056 | |||||
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc., Term Loan, 1.00%, 11/10/20(a)(i) | 1,710 | — | ||||||
|
| |||||||
1,414,056 | ||||||||
Energy Equipment & Services — 1.3% |
| |||||||
Dell International LLC, 2019 Term Loan B, 09/19/25(h) | 870 | 865,348 | ||||||
Gates Global LLC, 2017 USD Repriced Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 04/01/24 | 3,842 | 3,779,926 | ||||||
GrafTech Finance, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 02/12/25 | 1,442 | 1,421,663 | ||||||
|
| |||||||
6,066,937 | ||||||||
Entertainment — 0.3% |
| |||||||
Datto, Inc., 2019 Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 04/02/26 | 1,431 | 1,427,619 | ||||||
|
| |||||||
Equity Real Estate Investment Trusts (REITs) — 1.0% |
| |||||||
RHP Hotel Properties LP, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 05/11/24 | 734 | 691,891 | ||||||
VICI Properties LLC, Replacement Term Loan B, (1 mo. LIBOR + 1.75%), 1.91%, 12/20/24 | 3,960 | 3,820,468 | ||||||
|
| |||||||
4,512,359 | ||||||||
Food & Staples Retailing — 1.1% |
| |||||||
Hearthside Food Solutions LLC | ||||||||
2018 Incremental Term Loan, (1 mo. LIBOR + 4.00%), 4.15%, 05/23/25 | 952 | 927,513 | ||||||
2018 Term Loan B, (1 mo. LIBOR + 3.69%), 3.83%, 05/23/25 | 842 | 816,190 | ||||||
2020 Incremental Term Loan B3, (1 mo. LIBOR + 5.00%, 1.00% Floor), 6.00%, 05/23/25 | 167 | 165,055 | ||||||
US Foods, Inc. | ||||||||
2016 Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 06/27/23 | 2,632 | 2,527,114 | ||||||
2019 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 09/13/26 | 649 | 618,178 | ||||||
|
| |||||||
5,054,050 | ||||||||
Food Products — 4.3% |
| |||||||
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 3.65%, 10/01/25 | 1,096 | 1,084,863 | ||||||
B&G Foods, Inc., 2019 Term Loan B4, (1 mo. LIBOR + 2.50%), 2.65%, 10/10/26 | 137 | 136,643 | ||||||
Chobani LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 10/10/23 | 4,590 | 4,532,508 | ||||||
Froneri International Ltd. | ||||||||
2020 USD 2nd Lien Term Loan, (1 mo. LIBOR + 5.75%), 5.90%, 01/29/28(a) | 403 | 399,533 |
Security | Par (000) | Value | ||||||
Food Products (continued) | ||||||||
Froneri International Ltd. (continued) | ||||||||
2020 USD Term Loan, (1 mo. LIBOR + 2.25%), 2.40%, 01/29/27 | USD | 5,202 | $ | 4,988,318 | ||||
Hostess Brands LLC, 2019 Term Loan, (1 mo. LIBOR + 2.25%), 3.00%, 08/03/25 | 1,388 | 1,362,741 | ||||||
JBS USA LUX SA, 2019 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 05/01/26 | 517 | 502,726 | ||||||
Pathway Vet Alliance LLC | ||||||||
2020 Delayed Draw Term Loan, (3 mo. LIBOR + 4.00%), 4.00%, 03/31/27 | — | (i) | — | |||||
2020 Term Loan, (1 mo. LIBOR + 4.00%), 4.15%, 03/31/27 | 540 | 530,512 | ||||||
Reynolds Group Holdings, Inc. | ||||||||
2017 Term Loan, (PRIME + 1.75%), 3.98%, 02/05/23 | 4,631 | 4,568,865 | ||||||
2020 Term Loan, 02/03/26(h) | 1,928 | 1,891,368 | ||||||
Shearer’s Foods, Inc., 2020 Term Loan B, 4.75%, 09/23/27 | 637 | 631,828 | ||||||
|
| |||||||
20,629,905 | ||||||||
Health Care Equipment & Supplies — 0.9% |
| |||||||
Ortho-Clinical Diagnostics SA | ||||||||
2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.41%, 06/30/25 | 3,546 | 3,387,890 | ||||||
EUR Term Loan B, (EURIBOR + 3.50%), 3.50%, 06/30/25 | EUR | 995 | 1,118,466 | |||||
|
| |||||||
4,506,356 | ||||||||
Health Care Providers & Services — 4.6% |
| |||||||
AHP Health Partners, Inc., 2018 Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 06/30/25 | USD | 800 | 798,558 | |||||
CHG Healthcare Services, Inc., 2017 1st Lien Term Loan B, (6 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 06/07/23 | 1,900 | 1,865,199 | ||||||
Da Vinci Purchaser Corp., 2019 Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.24%, 01/08/27 | 963 | 950,327 | ||||||
DentalCorp Perfect Smile ULC, 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 06/06/25 | 700 | 659,038 | ||||||
Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 10/10/25 | 1,960 | 1,409,527 | ||||||
EyeCare Partners LLC | ||||||||
2020 2nd Lien Term Loan, (1 mo. LIBOR + 8.25%), 8.40%, 02/18/28 | 1,260 | 1,108,800 | ||||||
2020 Delayed Draw Term Loan, (3 mo. LIBOR + 3.75%), 3.75%, 02/18/27 | — | (i) | — | |||||
2020 Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 02/18/27 | 1,382 | 1,296,582 | ||||||
Femur Buyer, Inc., 1st Lien Term Loan, 03/05/26(h) | 213 | 192,491 | ||||||
Gentiva Health Services, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.25%), 3.44%, 07/02/25 | 2,328 | 2,276,695 | ||||||
HC Group Holdings II, Inc., Term Loan B, (1 mo. LIBOR + 4.50%), 4.65%, 08/06/26 | 2,288 | 2,262,937 | ||||||
HCA, Inc., Term Loan B13, (1 mo. LIBOR + 1.75%), 1.90%, 03/18/26 | 1 | 441 | ||||||
MPH Acquisition Holdings LLC, 2016 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 06/07/23 | 1,368 | 1,344,907 |
SCHEDULE OF INVESTMENTS | 5 |
Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Health Care Providers & Services (continued) | ||||||||
nThrive, Inc., 2016 1st Lien Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 10/20/22 | USD | 1,334 | $ | 1,208,465 | ||||
Sotera Health Holdings LLC, 2019 Term Loan, (3 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 12/11/26 |
| 6,518 |
|
| 6,485,666 |
| ||
Team Health Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 02/06/24 | 230 | 192,602 | ||||||
|
| |||||||
22,052,235 | ||||||||
Health Care Services — 0.8% |
| |||||||
Emerald TopCo., Inc., Term Loan, (3 mo. LIBOR + 3.50%), 3.76%, 07/25/26 | 2,090 | 2,008,004 | ||||||
WP CityMD Bidco LLC, 2019 Term Loan B, (3 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 08/13/26 | 1,749 | 1,736,363 | ||||||
|
| |||||||
3,744,367 | ||||||||
Health Care Technology — 1.2% |
| |||||||
Change Healthcare Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 03/01/24 | 3,567 | 3,487,132 | ||||||
GoodRx, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 2.90%, 10/10/25 | 1,915 | 1,876,420 | ||||||
Quintiles IMS, Inc., 2017 USD Term Loan B1, (1 mo. LIBOR + 1.75%), 1.90%, 03/07/24 | 499 | 491,118 | ||||||
|
| |||||||
5,854,670 | ||||||||
Hotels, Restaurants & Leisure — 7.6% | ||||||||
1011778 B.C. Unlimited Liability Co., Term Loan B4, (1 mo. LIBOR + 1.75%), 1.90%, 11/19/26 | 3,087 | 2,954,022 | ||||||
Aimbridge Acquisition Co., Inc., 2019 Term Loan B, (1 mo. LIBOR + 3.75%), 3.89%, 02/02/26(a) | 432 | 384,439 | ||||||
Aristocrat Leisure Ltd., 2020 Incremental Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 10/19/24 | 1,007 | 1,000,866 | ||||||
Aristocrat Technologies, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 1.75%), 2.02%, 10/19/24 | 1,396 | 1,355,977 | ||||||
Boyd Gaming Corp., Term Loan B3, (1 Week LIBOR + 2.25%), 2.36%, 09/15/23 | 1,147 | 1,113,616 | ||||||
Caesars Resort Collection LLC | ||||||||
2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.75%), 2.90%, 12/23/24 | 3,434 | 3,208,656 | ||||||
2020 Term Loan, (1 mo. LIBOR + 4.50%), 4.65%, 07/20/25 | 4,197 | 4,056,207 | ||||||
CCM Merger, Inc., New Term Loan B, (1 mo. LIBOR + 2.25%), 3.00%, 08/06/21 | 1,301 | 1,293,570 | ||||||
Equinox Holdings, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 03/08/24 | 3,907 | 2,984,487 | ||||||
Four Seasons Hotels Ltd., New 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 2.15%, 11/30/23 | 1,352 | 1,313,073 | ||||||
Gateway Casinos & Entertainment Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 3.75%, 12/01/23 | 147 | 132,594 | ||||||
Golden Nugget LLC, 2017 Incremental Term Loan B, (1 mo. LIBOR + 2.50%), 3.25%, 10/04/23 | 2,135 | 1,898,123 | ||||||
Golden Nugget, Inc., 2020 Initial Term Loan, (3 mo. LIBOR + 12.00%, 1.00% Floor), 13.00%, 10/04/23(a) | 177 | 199,959 |
Security | Par (000) | Value | ||||||
Hotels, Restaurants & Leisure (continued) | ||||||||
Herschend Entertainment Co. LLC, Term Loan B, (3 mo. LIBOR + 5.75%, 1.00% Floor), 6.75%, 08/25/25(a) | USD | 603 | $ | 575,865 | ||||
IRB Holding Corp., 2020 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 02/05/25 | 2,559 | 2,438,738 | ||||||
KFC Holding Co., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 04/03/25 | 1,397 | 1,362,188 | ||||||
Playa Resorts Holding BV, 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 04/29/24 | 601 | 525,445 | ||||||
Playtika Holding Corp., Term Loan B, (6 mo. LIBOR + 6.00%, 1.00% Floor), 7.00%, 12/10/24 | 1,448 | 1,447,765 | ||||||
Scientific Games International, Inc., 2018 Term Loan B5, (1 mo. LIBOR + 2.75%), 3.61%, 08/14/24 | 1,057 | 991,775 | ||||||
Stars Group Holdings BV, 2018 USD Incremental Term Loan, (3 mo. LIBOR + 3.50%), 3.72%, 07/10/25 | 1,069 | 1,064,930 | ||||||
Station Casinos LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.25%), 2.50%, 02/08/27 | 2,094 | 1,997,791 | ||||||
Tackle Sarl, 2017 EUR Term Loan, (EURIBOR + 3.50%), 3.50%, 08/08/22 | EUR | 975 | 1,126,885 | |||||
Whatabrands LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.75%), 2.91%, 08/02/26 | USD | 2,405 | 2,349,057 | |||||
Wyndham Hotels & Resorts, Inc., Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 05/30/25 | 552 | 531,378 | ||||||
|
| |||||||
36,307,406 | ||||||||
Household Durables — 0.3% |
| |||||||
Reynolds Consumer Products LLC, Term Loan, (1 mo. LIBOR + 1.75%), 1.90%, 02/04/27 | 1,672 | 1,649,456 | ||||||
|
| |||||||
Independent Power and Renewable Electricity Producers — 1.0% |
| |||||||
Calpine Construction Finance Co. LP, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 01/15/25 | 513 | 496,158 | ||||||
Calpine Corp. | ||||||||
2019 Term Loan B10, (1 mo. LIBOR + 2.00%), 2.15%, 08/12/26 | 719 | 697,253 | ||||||
Term Loan B9, (1 mo. LIBOR + 2.25%), 2.40%, 04/06/26 | 3,647 | 3,544,942 | ||||||
|
| |||||||
4,738,353 | ||||||||
Industrial Conglomerates — 2.4% |
| |||||||
Sequa Mezzanine Holdings LLC, 2020 Extended Term Loan, (3 mo. LIBOR + 6.75%, 1.00% Floor), 7.75%, 11/28/23 | 1,374 | 1,300,000 | ||||||
Vertical US Newco, Inc., USD Term Loan B, (3 mo. LIBOR + 4.25%), 4.57%, 07/30/27 | 1,939 | 1,920,657 | ||||||
Vertiv Group Corpo., Term Loan B, (1 mo. LIBOR + 3.00%), 3.16%, 03/02/27 | 8,442 | 8,298,721 | ||||||
|
| |||||||
11,519,378 | ||||||||
Insurance — 4.7% | ||||||||
Alliant Holdings I, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 2.90%, 05/09/25 | 3,257 | 3,158,664 | ||||||
Alliant Holdings Intermediate LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 05/09/25 | 1,037 | 1,017,090 | ||||||
AmWINS Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 01/25/24 | 2,949 | 2,918,782 |
6 |
Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Insurance (continued) | ||||||||
AssuredPartners Capital, Inc., 2020 Incremental Term Loan B, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 02/13/27 | USD | 686 | $ | 682,415 | ||||
AssuredPartners, Inc., 2020 Term Loan B, (1 mo. LIBOR + 3.50%), 3.65%, 02/13/27 | 1,437 | 1,392,972 | ||||||
Davis Vision, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 12/02/24 | 937 | 933,243 | ||||||
HUB International Ltd. | ||||||||
2018 Term Loan B, (3 mo. LIBOR + 3.00%), 3.26%, 04/25/25 | 3,426 | 3,307,216 | ||||||
2019 Incremental Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 04/25/25 | 880 | 876,013 | ||||||
Ryan Specialty Group LLC, Term Loan, (1 mo. LIBOR + 3.25%), 4.00%, 09/01/27 | 1,665 | 1,647,318 | ||||||
Sedgwick Claims Management Services, Inc. | ||||||||
2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 12/31/25 | 2,968 | 2,859,018 | ||||||
2019 Term Loan B, (1 mo. LIBOR + 4.00%), 4.15%, 09/03/26 | 1,805 | 1,776,100 | ||||||
2020 Term Loan B3, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 09/03/26 | 1,703 | 1,687,799 | ||||||
|
| |||||||
22,256,630 | ||||||||
Interactive Media & Services — 2.3% | ||||||||
Ancestry.com Operations Inc., 2019 Extended Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 08/27/26 | 307 | 306,189 | ||||||
Ancestry.com Operations, Inc., Non-Extended Term Loan B, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 10/19/23 | 3,249 | 3,241,916 | ||||||
Camelot US Acquisition 1 Co., 2020 Incremental Term Loan B, 10/31/26(h) | 4,251 | 4,227,959 | ||||||
Go Daddy Operating Co. LLC, 2020 Term Loan B3, (1 mo. LIBOR + 2.50%), 2.65%, 08/10/27 | 1,950 | 1,918,833 | ||||||
Rackspace Hosting, Inc., 2017 Incremental 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 11/03/23 | 380 | 372,232 | ||||||
TierPoint LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 05/06/24 | 983 | 954,238 | ||||||
|
| |||||||
11,021,367 | ||||||||
IT Services — 7.9% | ||||||||
Aruba Investments, Inc., 2020 USD Term Loan B, (6 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 07/07/25 | 521 | 516,874 | ||||||
Camelot U.S. Acquisition 1 Co., Term Loan B, (1 mo. LIBOR + 3.00%), 3.15%, 10/31/26 | 3,970 | 3,889,173 | ||||||
Flexential Intermediate Corp., 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 7.50%, 08/01/25 | 975 | 572,812 | ||||||
Greeneden US Holdings II LLC, 2018 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 12/01/23 | 4,803 | 4,786,785 | ||||||
GreenSky Holdings LLC, 2020 Term Loan B2, (1 mo. LIBOR + 4.50%), 5.50%, 03/29/25(a) | 1,571 | 1,516,075 | ||||||
PUG LLC, USD Term Loan, (1 mo. LIBOR + 3.50%), 3.65%, 02/12/27 | 3,236 | 2,842,294 | ||||||
Sophia LP(h) | ||||||||
2020 1st Lien Term Loan, 09/22/27 | 5,170 | 5,132,517 | ||||||
2020 2nd Lien Term Loan, 09/17/27 | 4,215 | 4,109,625 |
Security | Par (000) | Value | ||||||
IT Services (continued) | ||||||||
Trans Union LLC, 2019 Term Loan B5, (1 mo. LIBOR + 1.75%), 1.90%, 11/16/26 | USD | 3,317 | $ | 3,229,159 | ||||
Veritas US, Inc., 2020 USD Term Loan B, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 09/01/25 | 8,084 | 7,902,744 | ||||||
WEX, Inc., Term Loan B3, (1 mo. LIBOR + 2.25%), 2.40%, 05/15/26 | 3,187 | 3,072,566 | ||||||
|
| |||||||
37,570,624 | ||||||||
Leisure Products — 0.2% | ||||||||
MND Holdings III Corp., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 06/19/24 | 1,003 | 802,732 | ||||||
|
| |||||||
Life Sciences Tools & Services — 0.5% | ||||||||
Albany Molecular Research, Inc., 2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 8.00%, 08/30/25 | 395 | 388,415 | ||||||
eResearchTechnology, Inc., 2020 1st Lien Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 02/04/27 | 2,150 | 2,138,413 | ||||||
|
| |||||||
2,526,828 | ||||||||
Machinery — 1.7% | ||||||||
Columbus McKinnon Corp., 2018 Term Loan B, (3 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 01/31/24(a) | 132 | 131,422 | ||||||
Ingersoll-Rand Services Co., 2020 USD Spinco Term Loan, (1 mo. LIBOR + 1.75%), 1.90%, 02/28/27 | 2,276 | 2,196,557 | ||||||
Terex Corp., 2019 Term Loan B1, (1 mo. LIBOR + 2.75%), 3.50%, 01/31/24(a) | 320 | 312,122 | ||||||
Titan Acquisition Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 3.36%, 03/28/25 | 5,597 | 5,273,108 | ||||||
|
| |||||||
7,913,209 | ||||||||
Media — 16.3% | ||||||||
Altice Financing SA | ||||||||
2017 USD Term Loan B, (1 mo. LIBOR + 2.75%), 2.90%, 07/15/25 | 1,110 | 1,057,620 | ||||||
USD 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 2.89%, 01/31/26 | 1,592 | 1,500,324 | ||||||
Altice France SA, 2018 Term Loan B13, (1 mo. LIBOR + 4.00%), 4.15%, 08/14/26 | 3,546 | 3,437,643 | ||||||
Charter Communications Operating LLC, 2019 Term Loan B1, (1 mo. LIBOR + 1.75%), 1.90%, 04/30/25 | 4,362 | 4,279,884 | ||||||
Clear Channel Outdoor Holdings, Inc., Term Loan B, (3 mo. LIBOR + 3.50%), 3.76%, 08/21/26 | 6,576 | 5,969,863 | ||||||
Cogeco Communications Finance (USA) LP, Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 01/03/25 | 138 | 133,884 | ||||||
Connect Finco Sarl, Term Loan B, (1 mo. LIBOR + 0.45%, 1.00% Floor), 4.65%, 12/12/26 | 8,823 | 8,541,650 | ||||||
CSC Holdings LLC | ||||||||
2017 Term Loan B1, (1 mo. LIBOR + 2.25%), 2.40%, 07/17/25 | 2,175 | 2,100,370 | ||||||
2019 Term Loan B5, (1 mo. LIBOR + 2.50%), 2.65%, 04/15/27 | 2,139 | 2,069,801 | ||||||
Gray Television, Inc. | ||||||||
2017 Term Loan B, (1 mo. LIBOR + 2.25%), 2.41%, 02/07/24 | 607 | 593,629 |
SCHEDULES OF INVESTMENTS | 7 |
Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Media (continued) | ||||||||
Gray Television, Inc. (continued) | ||||||||
2018 Term Loan C, (1 mo. LIBOR + 2.50%), 2.66%, 01/02/26 | USD | 820 | $ | 805,085 | ||||
Intelsat Jackson Holdings SA | ||||||||
2017 Term Loan B3, (PRIME + 4.75%), 8.00%, 11/27/23 | 395 | 396,371 | ||||||
2020 DIP Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 07/13/22 | 68 | 69,471 | ||||||
Learfield Communications LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/01/23 | 4,317 | 3,656,886 | ||||||
Liberty Latin America Ltd., Term Loan B, (1 mo. LIBOR + 5.00%), 5.15%, 10/15/26 | 1,291 | 1,288,315 | ||||||
Lions Gate Capital Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.25%), 2.40%, 03/24/25 | 1,359 | 1,307,843 | ||||||
Live Nation Entertainment, Inc., Term Loan B4, (1 mo. LIBOR + 1.75%), 1.94%, 10/19/26 | 2,258 | 2,098,203 | ||||||
MCC Iowa LLC, Term Loan N, (1 Week LIBOR + 1.75%), 1.86%, 02/15/24 | 473 | 468,073 | ||||||
MH Sub I LLC | ||||||||
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 3.65%, 09/13/24 | 3,552 | 3,450,453 | ||||||
2020 Incremental Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 09/15/24 | 813 | 802,036 | ||||||
Midcontinent Communications, 2019 Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 08/15/26 | 733 | 718,075 | ||||||
Nexstar Broadcasting, Inc., 2019 Term Loan B4, (1 mo. LIBOR + 2.75%), 2.91%, 09/19/26 | 1,497 | 1,461,737 | ||||||
PSAV Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 03/03/25 | 3,808 | 2,827,258 | ||||||
Radiate Holdco LLC | ||||||||
1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.75%, 09/25/26 | 2,281 | 2,240,587 | ||||||
2020 Term Loan, (1 mo. LIBOR + 3.50%), 4.25%, 09/25/26 | 448 | 439,266 | ||||||
Sinclair Television Group, Inc., Term Loan B2, (1 mo. LIBOR + 2.25%), 2.40%, 01/03/24 | 189 | 183,495 | ||||||
Terrier Media Buyer, Inc., Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 12/17/26 | 3,151 | 3,068,703 | ||||||
Trader Corp., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 09/28/23 | 4,102 | 3,978,682 | ||||||
UFC Holdings LLC, 2019 Term Loan, (6 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 04/29/26 | 734 | 720,410 | ||||||
Virgin Media Bristol LLC | ||||||||
2020 USD Term Loan Q, 01/31/29(h) | 2,365 | 2,322,501 | ||||||
USD Term Loan N, (1 mo. LIBOR + 2.50%), 2.65%, 01/31/28 | 2,375 | 2,301,987 | ||||||
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 2.90%, 05/18/25 | 2,998 | 2,551,810 | ||||||
Zayo Group Holdings, Inc., USD Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 03/09/27 | 11,042 | 10,700,644 | ||||||
|
| |||||||
77,542,559 |
Security | Par (000) | Value | ||||||
Metals & Mining — 0.4% | ||||||||
Ball Metalpack LLC, 2018 1st Lien Term Loan B, (3 mo. LIBOR + 4.50%), 4.76%, 07/31/25 | USD | 1,777 | $ | 1,704,143 | ||||
|
| |||||||
Multiline Retail — 0.3% | ||||||||
Eyemart Express LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 08/04/24 | 955 | 922,802 | ||||||
Neiman Marcus Group Ltd. LLC, 2020 Exit Term Loan, (3 mo. LIBOR + 12.00%, 1.00% Floor), 13.00%, 09/25/25 | 281 | 287,442 | ||||||
|
| |||||||
1,210,244 | ||||||||
Oil, Gas & Consumable Fuels — 0.5% | ||||||||
California Resources Corp., Second Out Term Loan, 0.00%, 12/31/21(b)(j) | 1,737 | 33,289 | ||||||
Edgewater Generation LLC, Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 12/13/25 | 1,499 | 1,449,309 | ||||||
EG Group Ltd., 2018 USD Term Loan B, (3 mo. LIBOR + 4.00%), 4.22%, 02/07/25 | 785 | 767,828 | ||||||
McDermott Technology Americas, Inc. | ||||||||
2020 Make Whole Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 06/30/24(a) | 40 | 34,609 | ||||||
2020 Take Back Term Loan, (1 mo. LIBOR + 4.00%), 4.15%, 06/30/25 | 280 | 209,277 | ||||||
|
| |||||||
2,494,312 | ||||||||
Personal Products — 1.0% | ||||||||
Sunshine Luxembourg VII Sarl, USD Term Loan B1, (6 mo. LIBOR + 4.25%, 1.00% Floor), 5.32%, 09/25/26 | 4,847 | 4,814,627 | ||||||
|
| |||||||
Pharmaceuticals — 3.5% | ||||||||
Amneal Pharmaceuticals LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%), 3.69%, 05/04/25 | 1,976 | 1,856,765 | ||||||
Catalent Pharma Solutions, Inc., Term Loan B2, (1 mo. LIBOR + 2.25%, 1.00% Floor), 3.25%, 05/18/26 | 2,055 | 2,042,358 | ||||||
Elanco Animal Health, Inc., Term Loan B, (1 mo. LIBOR + 1.75%), 1.91%, 08/01/27 | 1,067 | 1,035,599 | ||||||
Grifols Worldwide Operations USA, Inc., USD 2019 Term Loan B, (1 Week LIBOR + 2.00%), 2.10%, 11/15/27 | 2,197 | 2,148,961 | ||||||
Jaguar Holding Co. II, 2018 Term Loan, (1 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 08/18/22 | 3,387 | 3,371,851 | ||||||
Valeant Pharmaceuticals International, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 3.15%, 06/02/25 | 6,460 | 6,324,233 | ||||||
|
| |||||||
16,779,767 | ||||||||
Professional Services — 1.7% | ||||||||
Dun & Bradstreet Corp., Term Loan, (1 mo. LIBOR + 3.75%), 3.89%, 02/06/26 | 6,622 | 6,546,205 | ||||||
STG-Fairway Holdings LLC, Term Loan B, (3 mo. LIBOR + 3.25%), 3.47%, 01/31/27(a) | 1,562 | 1,526,938 | ||||||
|
| |||||||
8,073,143 |
8 |
Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Real Estate Management & Development — 0.8% |
| |||||||
CityCenter Holdings LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.00%, 04/18/24 | USD | 2,295 | $ | 2,197,981 | ||||
Cushman & Wakefield U.S. Borrower LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.75%), 2.90%, 08/21/25 | 1,482 | 1,426,382 | ||||||
Realogy Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.25%), 3.00%, 02/08/25 | 203 | 194,356 | ||||||
|
| |||||||
3,818,719 | ||||||||
Road & Rail — 1.9% | ||||||||
Lineage Logistics Holdings LLC, 2018 Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 02/27/25 | 5,159 | 5,080,705 | ||||||
Moda Ingleside Energy Center LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 09/25/25 | 728 | 715,292 | ||||||
Road Infrastructure Investment LLC, 2016 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 06/13/23 | 2,418 | 2,192,130 | ||||||
SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 5.50%), 5.65%, 08/04/25 | 1,250 | 1,034,295 | ||||||
|
| |||||||
9,022,422 | ||||||||
Semiconductors & Semiconductor Equipment — 0.4% |
| |||||||
Microchip Technology, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 05/29/25(a) | 1,051 | 1,045,996 | ||||||
ON Semiconductor Corp., 2019 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 09/19/26 | 635 | 624,250 | ||||||
|
| |||||||
1,670,246 | ||||||||
Software — 20.4% | ||||||||
Applied Systems, Inc. | ||||||||
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 09/19/24 | 3,805 | 3,777,403 | ||||||
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 8.00%, 09/19/25 | 726 | 733,547 | ||||||
BMC Software Finance, Inc., 2018 USD Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 10/02/25 | 2,343 | 2,269,006 | ||||||
By Crown Parent LLC, Term Loan B1, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 01/31/26 | 2,417 | 2,383,868 | ||||||
Castle US Holding Corp., USD Term Loan B, (3 mo. LIBOR + 3.75%), 3.97%, 01/31/27 | 2,551 | 2,446,833 | ||||||
Cornerstone OnDemand, Inc., Term Loan B, (1 mo. LIBOR + 4.25%), 4.41%, 04/22/27 | 1,206 | 1,202,732 | ||||||
Cypress Intermediate Holdings III, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 04/29/24 | 1,891 | 1,874,621 | ||||||
Digicel International Finance Ltd., 2017 Term Loan B, (6 mo. LIBOR + 3.25%), 3.80%, 05/27/24 | 1,160 | 1,015,697 | ||||||
DTI Holdco, Inc., 2018 Term Loan B, (3 mo. LIBOR + 4.75%, 1.00% Floor), 5.75%, 09/29/23 | 1,627 | 1,416,595 | ||||||
Epicor Software Corp. | ||||||||
2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 8.75%, 07/31/28 | 2,141 | 2,194,525 | ||||||
2020 Term Loan, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 07/31/27 | 4,286 | 4,275,657 | ||||||
Financial & Risk US Holdings, Inc., 2018 USD Term Loan, (1 mo. LIBOR + 3.25%), 3.40%, 10/01/25 | 10,183 | 10,072,496 |
Security | Par (000) | Value | ||||||
Software (continued) | ||||||||
Informatica LLC | ||||||||
2020 USD 2nd Lien Term Loan, (Fixed + 7.13%), 7.13%, 02/25/25 | USD | 1,770 | $ | 1,795,081 | ||||
2020 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 02/25/27 | 8,236 | 8,044,088 | ||||||
McAfee LLC, 2018 USD Term Loan B, (1 mo. LIBOR + 3.75%), 3.90%, 09/30/24 | 3,497 | 3,467,410 | ||||||
MED ParentCo LP, 2020 Incremental Term Loan B, (1 mo. LIBOR + 6.25%, 1.00% Floor), 7.25%, 08/31/26(a) | 877 | 863,845 | ||||||
Mitchell International, Inc. | ||||||||
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.40%, 11/29/24 | 2,191 | 2,089,870 | ||||||
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.40%, 12/01/25 | 850 | 803,675 | ||||||
2020 Add-On Term Loan, (1 mo. LIBOR + 4.25%), 4.75%, 12/01/24 | 2,082 | 2,039,069 | ||||||
Netsmart Technologies, Inc., 2020 Term Loan B, 5.00%, 09/22/27 | 1,472 | 1,465,008 | ||||||
Omnitracs, Inc., 2020 2nd Lien Term Loan, 8.25%, 09/10/28 | 1,078 | 1,060,483 | ||||||
Renaissance Holding Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.40%, 05/30/25 | 689 | 662,723 | ||||||
Severin Acquisition LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.41%, 08/01/25 | 3,697 | 3,581,479 | ||||||
SolarWinds Holdings, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 2.90%, 02/05/24 | 2,410 | 2,361,678 | ||||||
Solera LLC, USD Term Loan B, (2 mo. LIBOR + 2.75%), 2.94%, 03/03/23 | 2,927 | 2,863,227 | ||||||
Sophia LP, 2017 Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 09/30/22 | 5,115 | 5,088,107 | ||||||
SS&C Technologies Holdings Europe Sarl, 2018 Term Loan B4, (1 mo. LIBOR + 1.75%), 1.90%, 04/16/25 | 915 | 884,184 | ||||||
SS&C Technologies, Inc. | ||||||||
2018 Term Loan B3, (1 mo. LIBOR + 1.75%), 1.90%, 04/16/25 | 1,302 | 1,258,154 | ||||||
2018 Term Loan B5, (1 mo. LIBOR + 1.75%), 1.90%, 04/16/25 | 1,617 | 1,564,743 | ||||||
Tempo Acquisition LLC, 2020 Extended Term Loan, (1 mo. LIBOR + 3.25%), 3.75%, 11/02/26 | 6,253 | 6,044,048 | ||||||
Tibco Software Inc., 2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.40%, 03/04/28 | 3,410 | 3,324,909 | ||||||
Ultimate Software Group, Inc. | ||||||||
2020 2nd Lien Incremental Term Loan, (3 mo. LIBOR + 6.75%), 7.50%, 05/03/27 | 1,992 | 2,025,207 | ||||||
2020 Incremental Term Loan B, (3 mo. LIBOR + 4.00%), 4.75%, 05/03/26 | 6,129 | 6,106,813 | ||||||
Term Loan B, (1 mo. LIBOR + 3.75%), 3.90%, 05/03/26 | 5,827 | 5,770,824 | ||||||
|
| |||||||
96,827,605 | ||||||||
Specialty Retail — 2.8% | ||||||||
Belron Finance US LLC | ||||||||
2018 Term Loan B, (3 mo. LIBOR + 2.50%), 2.75%, 11/13/25 | 445 | 438,396 | ||||||
2019 USD Term Loan B, (3 mo. LIBOR + 2.50%), 2.77%, 11/13/25 | 886 | 874,116 | ||||||
USD Term Loan B, (3 mo. LIBOR + 2.50%), 2.74%, 11/07/24 | 2,906 | 2,862,581 |
SCHEDULES OF INVESTMENTS | 9 |
Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Specialty Retail (continued) | ||||||||
CD&R Firefly Bidco Ltd., 2018 GBP Term Loan B1, (LIBOR -GBP + 4.50%), 5.18%, 06/23/25 | GBP | 1,000 | $ | 1,246,800 | ||||
IAA, Inc., Term Loan B, (1 mo. LIBOR + 2.25%), 2.44%, 06/28/26(a) | USD | 824 | 809,184 | |||||
MED ParentCo LP | ||||||||
1st Lien Delayed Draw Term Loan, (1 mo. LIBOR + 4.25%), 4.40%, 08/31/26 | 244 | 231,592 | ||||||
1st Lien Term Loan, (1 mo. LIBOR + 4.25%), 4.40%, 08/31/26 | 1,392 | 1,319,934 | ||||||
Midas Intermediate Holdco II LLC, Incremental Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 08/18/21 | 1,228 | 1,144,005 | ||||||
PetSmart, Inc., Consenting Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 03/11/22 | 3,252 | 3,242,054 | ||||||
Research Now Group, Inc., 2017 1st Lien Term Loan, (6 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 12/20/24 | 1,230 | 1,161,936 | ||||||
|
| |||||||
13,330,598 | ||||||||
Technology Hardware, Storage & Peripherals — 0.6% |
| |||||||
Electronics for Imaging, Inc., Term Loan, (1 mo. LIBOR + 5.00%), 5.15%, 07/23/26 | 1,394 | 1,123,768 | ||||||
Western Digital Corp., 2018 Term Loan B4, (1 mo. LIBOR + 1.75%), 1.91%, 04/29/23 | 1,790 | 1,773,163 | ||||||
|
| |||||||
2,896,931 | ||||||||
Thrifts & Mortgage Finance — 0.6% | ||||||||
IG Investment Holdings LLC, 2018 1st Lien Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 05/23/25 | 3,021 | 2,971,052 | ||||||
|
| |||||||
Trading Companies & Distributors — 0.8% | ||||||||
HD Supply, Inc., Term Loan B5, (1 mo. LIBOR + 1.75%), 1.90%, 10/17/23 | 3,790 | 3,774,889 | ||||||
|
| |||||||
Utilities — 0.4% | ||||||||
ExGen Renewables IV LLC, Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 11/28/24 | 1,953 | 1,947,614 | ||||||
|
| |||||||
Wireless Telecommunication Services — 3.1% | ||||||||
Ligado Networks LLC, PIK Exit Term Loan, (1 mo. LIBOR + 11.75%), 8.50%, 12/07/20(b)(j) | 179 | 163,986 | ||||||
SBA Senior Finance II LLC, 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 04/11/25 | 4,272 | 4,155,395 | ||||||
T-Mobile USA, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 04/01/27 | 6,621 | 6,611,341 | ||||||
Xplornet Communications, Inc., 2020 Term Loan B, (1 mo. LIBOR + 4.75%), 4.90%, 06/10/27 | 3,814 | 3,734,809 | ||||||
|
| |||||||
14,665,531 | ||||||||
|
| |||||||
Total Floating Rate Loan Interests — 140.5% |
| 668,257,841 | ||||||
|
|
Security |
Shares | Value | ||||||
Investment Companies |
| |||||||
Fixed Income Funds — 2.6% |
| |||||||
Invesco Senior Loan ETF | 53,000 | $ | 1,152,220 | |||||
iShares iBoxx $ High Yield Corporate Bond ETF(k) | 96,000 | 8,054,400 | ||||||
iShares iBoxx $ Investment Grade Corporate Bond ETF(k) | 24,000 | 3,233,040 | ||||||
|
| |||||||
12,439,660 | ||||||||
|
| |||||||
Total Investment Companies — 2.6% |
| 12,439,660 | ||||||
|
| |||||||
Benefical Interest (000) | ||||||||
Other Interests(a)(b)(l) |
| |||||||
IT Services — 0.0% |
| |||||||
Millennium Corp | USD | 1,607 | — | |||||
Millennium Lender Claims | 1,508 | — | ||||||
|
| |||||||
Total Other Interests — 0.0% |
| — | ||||||
|
| |||||||
Total Investments — 150.2% |
| 714,547,983 | ||||||
Liabilities in Excess of Other Assets — (50.2)% |
| (238,956,134 | ) | |||||
|
| |||||||
Net Assets — 100.0% |
| $ | 475,591,849 | |||||
|
|
(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) | When-issued security. |
(e) | 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. |
(f) | Convertible security. |
(g) | Variable rate security. Rate shown is the rate in effect as of period end. |
(h) | 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. |
(i) | Amount is less than 500. |
(j) | Issuer filed for bankruptcy and/or is in default. |
(k) | Affiliate of the Fund. |
(l) | Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities. |
10 |
Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended September 30, 2020, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 12/31/19 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 09/30/20 | Shares Held at 09/30/20 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class(a) | $ | — | $ | — | (b) | $ | — | $ | — | $ | — | $ | — | — | $ | 6,568 | $ | — | ||||||||||||||||||
iShares iBoxx $ High Yield Corporate Bond ETF | — | 19,813,372 | (12,130,757 | ) | (40,887 | ) | 412,672 | 8,054,400 | 96,000 | 251,186 | — | |||||||||||||||||||||||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | — | 6,339,007 | (3,451,924 | ) | 185,270 | 160,687 | 3,233,040 | 24,000 | 51,867 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | 144,383 | $ | 573,359 | $ | 11,287,440 | $ | 309,621 | $ | — | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) | As of period end, the entity is no longer held. |
(b) | Represents net amount purchased (sold). |
For Fund compliance purposes, the Fund’s industry classifications refer to one or more of the industry sub-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 industry sub-classifications for reporting ease.
Derivative Financial Instruments Outstanding as of Period End
Forward Foreign Currency Exchange Contracts
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||||
EUR | 1,633,500 | USD | 1,912,829 | UBS AG | 10/05/20 | $ | 2,487 | |||||||||||||||
GBP | 1,545,000 | USD | 1,985,170 | HSBC Bank PLC | 10/05/20 | 8,446 | ||||||||||||||||
USD | 3,942,391 | EUR | 3,297,000 | UBS AG | 10/05/20 | 76,584 | ||||||||||||||||
USD | 2,059,040 | GBP | 1,547,000 | Citibank N.A. | 10/05/20 | 62,843 | ||||||||||||||||
USD | 1,918,260 | EUR | 1,633,500 | Goldman Sachs International | 11/04/20 | 1,759 | ||||||||||||||||
|
| |||||||||||||||||||||
152,119 | ||||||||||||||||||||||
|
| |||||||||||||||||||||
EUR | 1,633,500 | USD | 1,917,076 | Goldman Sachs International | 10/05/20 | (1,760 | ) | |||||||||||||||
USD | 1,914,013 | EUR | 1,633,500 | UBS AG | 11/04/20 | (2,489 | ) | |||||||||||||||
USD | 1,985,484 | GBP | 1,545,000 | HSBC Bank PLC | 11/04/20 | (8,447 | ) | |||||||||||||||
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(12,696 | ) | |||||||||||||||||||||
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$ | 139,423 | |||||||||||||||||||||
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Centrally Cleared Credit Default Swaps — Sell Protection
Reference Obligation/Index | Financing Rate Received by the Fund | Payment Frequency | Termination Date | Credit Rating(a) | Notional Amount (000)(b) | Value | Upfront Premium Paid (Received) | Unrealized Appreciation (Depreciation) | ||||||||||||||||||
CDX.NA.HY.34.V9 | 5.00% | Quarterly | 06/20/25 | B- | USD | 9,885 | $ | 499,588 | $ | 48,575 | $ | 451,013 | ||||||||||||||
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(a) | Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings. |
(b) | The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement. |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of 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 financial instruments) |
SCHEDULES OF INVESTMENTS | 11 |
Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) |
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 financial instruments is based on the pricing transparency of the 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 financial instruments, refer to its most recent financial statements.
The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Investments | ||||||||||||||||
Long-Term Investments | ||||||||||||||||
Common Stocks | ||||||||||||||||
Diversified Financial Services | $ | — | $ | — | $ | 3,098 | $ | 3,098 | ||||||||
Energy Equipment & Services | 297,439 | — | 34,445 | 331,884 | ||||||||||||
Health Care Management Services | — | 15 | — | 15 | ||||||||||||
Media | 114,650 | — | — | 114,650 | ||||||||||||
Metals & Mining | — | — | 48,792 | 48,792 | ||||||||||||
Semiconductors & Semiconductor Equipment | 27,204 | — | — | 27,204 | ||||||||||||
Software | 1,003 | — | — | 1,003 | ||||||||||||
Specialty Retail | — | 153,494 | — | 153,494 | ||||||||||||
Corporate Bonds | — | 32,741,897 | 428,445 | 33,170,342 | ||||||||||||
Floating Rate Loan Interests | — | 652,927,594 | 15,330,247 | 668,257,841 | ||||||||||||
Investment Companies | 12,439,660 | — | — | 12,439,660 | ||||||||||||
Other Interests | — | — | — | — | ||||||||||||
Unfunded Floating Rate Loan Interests(a) | — | 1,413 | — | 1,413 | ||||||||||||
Liabilities | ||||||||||||||||
Unfunded Floating Rate Loan Interests(a) | — | (24,139 | ) | — | (24,139 | ) | ||||||||||
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$ | 12,879,956 | $ | 685,800,274 | $ | 15,845,027 | $ | 714,525,257 | |||||||||
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Derivative Financial Instruments(b) | ||||||||||||||||
Assets | ||||||||||||||||
Credit Contracts | $ | — | $ | 451,013 | $ | — | $ | 451,013 | ||||||||
Foreign Currency Exchange Contracts | — | 152,119 | — | 152,119 | ||||||||||||
Liabilities | ||||||||||||||||
Foreign Currency Exchange Contracts | — | (12,696 | ) | — | (12,696 | ) | ||||||||||
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$ | — | $ | 590,436 | $ | — | $ | 590,436 | |||||||||
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(a) | Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment. |
(b) | Derivative financial instruments are swaps and forward foreign currency exchange contracts. Swaps and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
A reconciliation of Level 3 financial instruments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the period 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 Interests | Other Interests | Total | ||||||||||||||||
Assets | ||||||||||||||||||||
Opening balance, as of December 31, 2019 | $ | 556,399 | $ | — | $ | 29,886,699 | $ | — | (a) | $ | 30,443,098 | |||||||||
Transfers into Level 3(b) | — | — | 5,065,330 | — | 5,065,330 | |||||||||||||||
Transfers out of Level 3(c) | — | — | (18,977,785 | ) | — | (18,977,785 | ) | |||||||||||||
Accrued discounts/premiums | — | 7,715 | 14,594 | — | 22,309 | |||||||||||||||
Net realized gain (loss) | (17,042 | ) | — | (257,815 | ) | — | (274,857 | ) | ||||||||||||
Net change in unrealized appreciation (depreciation)(d) | (216,131 | ) | (8,559 | ) | (401,218 | ) | — | (625,908 | ) |
12 |
Schedule of Investments (unaudited) (continued) September 30, 2020 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) |
Common Stocks | Corporate Bonds | Floating Rate Loan Interests | Other Interests | Total | ||||||||||||||||
Purchases | $ | 11,824 | $ | 429,289 | $ | 10,056,953 | $ | — | $ | 10,498,066 | ||||||||||
Sales | (248,715 | ) | — | (10,056,511 | ) | — | (10,305,226 | ) | ||||||||||||
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Closing balance, as of September 30, 2020 | $ | 86,335 | $ | 428,445 | $ | 15,330,247 | $ | — | (a) | $ | 15,845,027 | |||||||||
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Net change in unrealized appreciation (depreciation) on investments still held at September 30, 2020(d) | $ | (163,617 | ) | $ | (8,559 | ) | $ | (314,351 | ) | $ | — | $ | (486,527 | ) | ||||||
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(a) | Rounds to less than $1. |
(b) | As of December 31, 2019, the Fund used observable inputs in determining the value of certain investments. As of September 30, 2020, 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. |
(c) | As of December 31, 2019, the Fund used significant unobservable inputs in determining the value of certain investments. As of September 30, 2020, 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. |
(d) | Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at September 30, 2020 is generally due to investments no longer held or categorized as Level 3 at period end. |
Currency Abbreviation | ||
EUR | Euro | |
GBP | British Pound | |
USD | United States Dollar | |
Portfolio Abbreviation | ||
DIP | Debtor-In-Possession | |
ETF | Exchange-Traded Fund | |
EURIBOR | Euro Interbank Offered Rate | |
LIBOR | London Interbank Offered Rate | |
MTN | Medium-Term Note | |
PIK | Payment-in-Kind | |
SCA | Svenska Celluosa Aktiebolaget |
SCHEDULE OF INVESTMENTS | 13 |