Schedule of Investments (unaudited) March 31, 2021 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
| |||||||
Construction & Engineering — 0.0% | ||||||||
McDermott International Ltd.(a) | 123,933 | $ | 99,146 | |||||
|
| |||||||
Diversified Financial Services — 0.0% | ||||||||
Kcad Holdings I Ltd.(b) | 309,827,230 | 3,098 | ||||||
|
| |||||||
Energy Equipment & Services — 0.0% |
| |||||||
Pioneer Energy Services Corp.(b) | 887 | 5,145 | ||||||
|
| |||||||
Media — 0.0% |
| |||||||
Clear Channel Outdoor Holdings, Inc.(a) | 114,650 | 206,370 | ||||||
|
| |||||||
Metals & Mining — 0.0% |
| |||||||
Preferred Proppants LLC(b) | 12,198 | 732 | ||||||
|
| |||||||
Oil, Gas & Consumable Fuels — 0.0% |
| |||||||
California Resources Corp.(a) | 2,027 | 48,770 | ||||||
|
| |||||||
Semiconductors & Semiconductor Equipment(a) — 0.0% |
| |||||||
Maxeon Solar Technologies Ltd. | 232 | 7,322 | ||||||
SunPower Corp. | 1,860 | 62,217 | ||||||
|
| |||||||
69,539 | ||||||||
Software — 0.0% |
| |||||||
Avaya Holdings Corp.(a) | 66 | 1,850 | ||||||
|
| |||||||
Specialty Retail — 0.1% |
| |||||||
NMG Parent LLC | 3,613 | 254,716 | ||||||
|
| |||||||
Total Common Stocks — 0.1% |
| 689,366 | ||||||
|
| |||||||
Par (000) | ||||||||
Corporate Bonds |
| |||||||
Aerospace & Defense — 0.1% | ||||||||
TransDigm, Inc., 8.00%, 12/15/25(c) | USD | 318 | 347,065 | |||||
|
| |||||||
Airlines — 1.6% | ||||||||
Allegiant Travel Co., 8.50%, 02/05/24(c) | 1,195 | 1,290,600 | ||||||
American Airlines, Inc., 11.75%, 07/15/25(c) | 432 | 534,380 | ||||||
American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 04/20/26(c) | 563 | 585,909 | ||||||
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27(c) | 2,453 | 2,689,101 | ||||||
United Airlines Pass-Through Trust, Series 2020-1, Class A, 5.88%, 10/15/27 | 2,336 | 2,590,046 | ||||||
|
| |||||||
7,690,036 | ||||||||
Auto Components — 0.1% | ||||||||
Clarios Global LP, 6.75%, 05/15/25(c) | 496 | 530,571 | ||||||
|
| |||||||
Automobiles — 0.9% | ||||||||
AutoNation, Inc., 4.75%, 06/01/30 | 141 | 162,582 | ||||||
Ford Motor Co., 8.50%, 04/21/23 | 2,029 | 2,262,335 | ||||||
Ford Motor Credit Co. LLC, 5.13%, 06/16/25 | 209 | 225,720 | ||||||
General Motors Co., 6.13%, 10/01/25 | 661 | 777,275 | ||||||
General Motors Financial Co., Inc., 2.75%, 06/20/25 | 925 | 965,610 | ||||||
Group 1 Automotive, Inc., 4.00%, 08/15/28(c) | 170 | 168,938 | ||||||
|
| |||||||
4,562,460 |
Security | Par (000) | Value | ||||||
Beverages — 0.1% | ||||||||
Triton Water Holdings, Inc., 6.25%, 04/01/29(c) | USD | 410 | $ | 418,200 | ||||
|
| |||||||
Building Materials(c) — 0.4% | ||||||||
SRM Escrow Issuer LLC, 6.00%, 11/01/28 | 1,839 | 1,927,272 | ||||||
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29 | 118 | 123,162 | ||||||
|
| |||||||
2,050,434 | ||||||||
Chemicals — 0.0% | ||||||||
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28(c) | 51 | 57,390 | ||||||
|
| |||||||
Construction Materials(c) — 0.4% | ||||||||
Core & Main LP, 6.13%, 08/15/25 | 227 | 232,979 | ||||||
Wolverine Escrow LLC, 9.00%, 11/15/26 | 1,539 | 1,537,538 | ||||||
|
| |||||||
1,770,517 | ||||||||
Consumer Finance — 0.1% | ||||||||
PayPal Holdings, Inc., 1.65%, 06/01/25 | 424 | 431,803 | ||||||
|
| |||||||
Containers & Packaging — 0.0% | ||||||||
Graham Packaging Co., Inc., 7.13%, 08/15/28(c) | 117 | 124,459 | ||||||
|
| |||||||
Diversified Telecommunication Services(c) — 0.4% | ||||||||
Zayo Group Holdings, Inc. | ||||||||
4.00%, 03/01/27 | 1,969 | 1,934,543 | ||||||
6.13%, 03/01/28 | 281 | 288,376 | ||||||
|
| |||||||
2,222,919 | ||||||||
Electric Utilities — 0.0% | ||||||||
Pike Corp., 5.50%, 09/01/28(c) | 144 | 146,520 | ||||||
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc.(b)(d) | ||||||||
11.50%, 10/01/20(c) | 1,061 | — | ||||||
11.50%, 11/10/21 | 1,710 | — | ||||||
|
| |||||||
146,520 | ||||||||
Energy Equipment & Services(b)(c)(e) — 0.1% | ||||||||
Pioneer Energy Services Corp. | ||||||||
(11.00% Cash or 11.00% PIK), 11.00%, 05/15/25 | 358 | 358,043 | ||||||
(5.00% PIK), 5.00%, 11/15/25 | 254 | 253,717 | ||||||
|
| |||||||
611,760 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 0.0% | ||||||||
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc., 4.63%, 06/15/25(c) | 138 | 145,549 | ||||||
|
| |||||||
Hotels, Restaurants & Leisure — 0.1% | ||||||||
Marriott International, Inc., Series EE, 5.75%, 05/01/25 | 376 | 431,457 | ||||||
|
| |||||||
Internet Software & Services(c) — 0.2% | ||||||||
Expedia Group, Inc. | ||||||||
3.60%, 12/15/23 | 462 | 491,731 | ||||||
6.25%, 05/01/25 | 337 | 389,812 | ||||||
TripAdvisor, Inc., 7.00%, 07/15/25 | 77 | 83,276 | ||||||
|
| |||||||
964,819 | ||||||||
IT Services(c) — 0.1% | ||||||||
Castle US Holding Corp., 9.50%, 02/15/28 | 647 | 659,940 | ||||||
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 5.75%, 06/01/25 | 76 | 80,275 | ||||||
|
| |||||||
740,215 |
SCHEDULE OF INVESTMENTS | 1 |
Schedule of Investments (unaudited) (continued) March 31, 2021 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Machinery — 0.2% | ||||||||
Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25(c)(e) | USD | 905 | $ | 984,187 | ||||
|
| |||||||
Media(c) — 0.3% | ||||||||
Liberty Broadband Corp., 2.75%, 09/30/50 | 513 | 518,341 | ||||||
Ligado Networks LLC, (15.50% PIK), 15.50%, 11/01/23(e) | 179 | 179,054 | ||||||
Radiate Holdco LLC/Radiate Finance, Inc., 4.50%, 09/15/26 | 573 | 579,446 | ||||||
Univision Communications, Inc., 6.63%, 06/01/27 | 227 | 242,419 | ||||||
|
| |||||||
1,519,260 | ||||||||
Oil, Gas & Consumable Fuels — 0.1% | ||||||||
eG Global Finance PLC, 8.50%, 10/30/25(c) | 284 | 301,908 | ||||||
|
| |||||||
Real Estate Management & Development — 0.2% | ||||||||
Cushman & Wakefield U.S. Borrower LLC, 6.75%, 05/15/28(c) | 834 | 901,763 | ||||||
|
| |||||||
Semiconductors & Semiconductor Equipment — 0.6% | ||||||||
Broadcom, Inc. | ||||||||
4.70%, 04/15/25 | 1,771 | 1,996,146 | ||||||
3.15%, 11/15/25 | 660 | 703,450 | ||||||
NXP BV/NXP Funding LLC/NXP USA, Inc., 2.70%, 05/01/25(c) | 75 | 78,657 | ||||||
|
| |||||||
2,778,253 | ||||||||
Software(c) — 0.2% | ||||||||
BY Crown Parent LLC/BY Bond Finance, Inc., 4.25%, 01/31/26 | 293 | 304,260 | ||||||
Solera LLC/Solera Finance, Inc., 10.50%, 03/01/24 . | 666 | 688,045 | ||||||
|
| |||||||
992,305 | ||||||||
Wireless Telecommunication Services — 0.1% | ||||||||
GLP Capital LP/GLP Financing II, Inc., 4.00%, 01/15/31 | 408 | 421,658 | ||||||
|
| |||||||
Total Corporate Bonds — 6.3% | 31,145,508 | |||||||
|
| |||||||
Floating Rate Loan Interests(d) |
| |||||||
Aerospace & Defense — 3.7% | ||||||||
Bleriot US Bidco, Inc., 2021 Term Loan B, (3 mo. LIBOR + 4.00%), 4.20%, 10/30/26 | 720 | 717,449 | ||||||
Dynasty Acquisition Co., Inc. | ||||||||
2020 CAD Term Loan B2, (3 mo. LIBOR + 3.50%), 3.70%, 04/06/26 | 977 | 944,992 | ||||||
2020 Term Loan B1, (3 mo. LIBOR + 3.50%), 3.70%, 04/06/26 | 1,817 | 1,757,686 | ||||||
Nordam Group, Inc., Term Loan B, (1 mo. LIBOR + 5.50%), 5.63%, 04/09/26 | 776 | 714,067 | ||||||
Peraton Holding Corp.(f) | ||||||||
2nd Lien Term Loan B1, 02/23/29(b) | 2,265 | 2,298,975 | ||||||
Delayed Draw Term Loan B, 5.89%, 02/01/28 | 4,401 | 4,397,339 | ||||||
Term Loan B, 02/01/28 | 2,501 | 2,498,620 | ||||||
Spirit Aerosystems, Inc., 2020 Term Loan B, (1 mo. LIBOR + 5.25%, 0.75% Floor), 6.00%, 01/15/25 | 1,002 | 1,005,415 | ||||||
TransDigm, Inc., 2020 Term Loan F, (1 mo. LIBOR + 2.25%), 2.36%, 12/09/25 | 3,772 | 3,690,429 | ||||||
|
| |||||||
18,024,972 |
Security | Par (000) | Value | ||||||
Air Freight & Logistics — 0.7% | ||||||||
Kestrel Bidco, Inc., Term Loan B, (6 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 12/11/26 | USD | 3,463 | $ | 3,355,618 | ||||
|
| |||||||
Airlines — 1.6% | ||||||||
AAdvantage Loyalty IP Ltd., 2021 Term Loan, 04/20/28(f) | 1,276 | 1,305,909 | ||||||
American Airlines, Inc. | ||||||||
2017 1st Lien Term Loan, (1 mo. LIBOR + 1.75%), 1.86%, 01/29/27 | 389 | 353,790 | ||||||
2017 Incremental Term Loan, (1 mo. LIBOR + 2.00%), 2.11%, 12/14/23 | 1,967 | 1,877,018 | ||||||
Repriced TL B due 2023, (1 mo. LIBOR + 2.00%), 2.11%, 04/28/23 | 1,234 | 1,174,665 | ||||||
JetBlue Airways Corp., Term Loan, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 06/17/24 | 749 | 765,674 | ||||||
Mileage Plus Holdings LLC, 2020 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 06/20/27 | 2,394 | 2,541,015 | ||||||
|
| |||||||
8,018,071 | ||||||||
Auto Components — 2.8% | ||||||||
Clarios Global LP, 2021 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 04/30/26 | 4,909 | 4,850,272 | ||||||
Truck Hero, Inc., 2021 Term Loan B, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 01/31/28 | 2,525 | 2,516,945 | ||||||
USI, Inc. | ||||||||
2017 Repriced Term Loan, (3 mo. LIBOR + 3.00%), 3.20%, 05/16/24 | 3,799 | 3,753,678 | ||||||
2019 Incremental Term Loan B, (3 mo. LIBOR + 3.25%), 3.45%, 12/02/26 | 217 | 215,504 | ||||||
Wand NewCo 3, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.00%), 3.11%, 02/05/26 | 2,619 | 2,584,513 | ||||||
|
| |||||||
13,920,912 | ||||||||
Automobiles — 0.7% | ||||||||
Mavis Tire Express Services Corp. |
| |||||||
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.36%, 03/20/25 | 2,231 | 2,220,705 | ||||||
2020 Add-On Term Loan B, (1 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 03/20/25 | 1,344 | 1,341,120 | ||||||
|
| |||||||
3,561,825 | ||||||||
Building Materials — 0.5% | ||||||||
Allied Universal Holdco LLC, 2019 Term Loan B, (1 mo. LIBOR + 4.25%), 4.36%, 07/12/26 | 2,370 | 2,362,096 | ||||||
CHI Overhead Doors, Inc, Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 07/31/25(b) | 183 | 183,081 | ||||||
|
| |||||||
2,545,177 | ||||||||
Building Products — 1.9% | ||||||||
CP Atlas Buyer, Inc., 2021 Term Loan B, (3 mo. LIBOR + 3.75%, 0.50% Floor), 4.25%, 11/23/27 | 2,479 | 2,460,804 | ||||||
CPG International, Inc., 2017 Term Loan, (3 mo. LIBOR + 2.50%, 0.75% Floor), 3.25%, 05/05/24 | 1,735 | 1,732,635 | ||||||
LSF10 XL Bidco SCA, EUR Term Loan B3, (3 mo. LIBOR + 4.00%), 4.00%, 10/12/26 | EUR | 1,000 | 1,169,897 |
2 |
Schedule of Investments (unaudited) (continued) March 31, 2021 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Building Products (continued) | ||||||||
MI Windows And Doors LLC, 2020 Term Loan, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/18/27 | USD 536 | $ | 537,334 | |||||
Wilsonart LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/19/23 | 3,218 | 3,208,404 | ||||||
|
| |||||||
9,109,074 | ||||||||
Capital Markets — 2.2% | ||||||||
Deerfield Dakota Holding, LLC, 2020 USD Term Loan B, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 04/09/27 | 5,858 | 5,856,797 | ||||||
Eagle Broadband Investments LLC, Term Loan, (3 mo. LIBOR + 3.00%, 0.75% Floor), 3.75%, 11/12/27 | 1,428 | 1,423,663 | ||||||
FinCo I LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.50%), 2.61%, 06/27/25 | 830 | 823,850 | ||||||
Greenhill & Co., Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 04/12/24 | 1,406 | 1,397,614 | ||||||
Jefferies Finance LLC, 2019 Term Loan, (1 mo. LIBOR + 3.00%), 3.13%, 06/03/26 | 1,150 | 1,138,824 | ||||||
|
| |||||||
10,640,748 | ||||||||
Chemicals — 4.9% | ||||||||
Ascend Performance Materials Operations LLC, 2021 Term Loan B, (3 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 08/27/26 | 2,559 | 2,590,644 | ||||||
Atotech BV, 2021 USD Term Loan B, (3 mo. LIBOR + 2.50%, 0.50% Floor), 3.00%, 03/18/28 | 3,497 | 3,483,886 | ||||||
Axalta Coating Systems US Holdings Inc., USD Term Loan B3, (3 mo. LIBOR + 1.75%), 1.95%, 06/01/24 | 1,854 | 1,844,255 | ||||||
Element Materials Technology Group US Holdings, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 06/05/24 | 1,160 | 1,134,471 | ||||||
Encapsys LLC, 2020 Term Loan B2, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 11/07/24 | 1,242 | 1,241,367 | ||||||
Illuminate Buyer LLC, 2021 Term Loan, (1 mo. LIBOR + 3.50%), 3.61%, 06/30/27 | 2,493 | 2,479,481 | ||||||
Invictus US LLC | ||||||||
1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.11%, 03/28/25 | 771 | 762,086 | ||||||
2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 6.86%, 03/30/26 | 861 | 853,563 | ||||||
Klockner-Pentaplast of America, Inc., 2021 Term Loan B, 02/09/26(f) | 1,288 | 1,283,170 | ||||||
Messer Industries GmbH, 2018 USD Term Loan, (3 mo. LIBOR + 2.50%), 2.70%, 03/01/26 | 2,789 | 2,763,925 | ||||||
Minerals Technologies, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%, 0.75% Floor), 3.00%, 02/14/24(b) | 431 | 430,317 | ||||||
Momentive Performance Materials, Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 05/15/24 | 1,733 | 1,702,893 | ||||||
NIC Acquisition Corp., Term Loan, (6 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/29/27 | 741 | 740,385 | ||||||
Oxea Holding Drei GmbH, 2017 USD Term Loan B2, (1 mo. LIBOR + 3.50%), 3.63%, 10/14/24 | 2,582 | 2,538,851 | ||||||
Starfruit Finco BV, 2018 USD Term Loan B, (1 mo. LIBOR + 2.75%), 2.86%, 10/01/25 | 206 | 202,542 | ||||||
|
| |||||||
24,051,836 |
Security | Par (000) | Value | ||||||
Commercial Services & Supplies — 4.3% | ||||||||
Aramark Services, Inc., 2018 Term Loan B3, (1 mo. LIBOR + 1.75%), 1.86%, 03/11/25 | USD 155 | $ | 152,891 | |||||
Asurion LLC | ||||||||
2018 Term Loan B6, (1 mo. LIBOR + 3.00%), 3.11%, 11/03/23 | 2,124 | 2,117,120 | ||||||
2018 Term Loan B7, (1 mo. LIBOR + 3.00%), 3.11%, 11/03/24 | 1,147 | 1,142,352 | ||||||
2020 Term Loan B8, (1 mo. LIBOR + 3.25%), 3.36%, 12/23/26 | 800 | 794,012 | ||||||
2021 2nd Lien Term Loan B3, (1 mo. LIBOR + 5.25%), 5.36%, 01/31/28 | 921 | 937,117 | ||||||
Creative Artists Agency LLC, 2020 Incremental Term Loan B1, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 11/26/26 | 1,985 | 1,961,539 | ||||||
Dealer Tire LLC, 2020 Term Loan B, (1 mo. LIBOR + 4.25%), 4.36%, 12/12/25 | 2,584 | 2,584,886 | ||||||
Diamond (BC) BV, USD Term Loan, (1 mo. LIBOR + 3.00%), 3.11%, 09/06/24 | 2,067 | 2,055,035 | ||||||
EnergySolutions LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 05/09/25 | 568 | 564,390 | ||||||
Harland Clarke Holdings Corp., Term Loan B7, (3 mo. LIBOR + 4.75%, 1.00% Floor), 5.75%, 11/03/23 | 432 | 382,449 | ||||||
KAR Auction Services, Inc., 2019 Term Loan B6, (1 mo. LIBOR + 2.25%), 2.38%, 09/19/26 | 993 | 971,532 | ||||||
Packers Holdings LLC, 2021 Term Loan, (3 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 03/09/28 | 1,770 | 1,748,618 | ||||||
Prime Security Services Borrower LLC, 2021 Term Loan, (12 mo. LIBOR + 2.75%, 0.75% Floor), 3.50%, 09/23/26 | 1,962 | 1,952,886 | ||||||
Verscend Holding Corp. | ||||||||
2018 Term Loan B, (1 mo. LIBOR + 4.50%), 4.61%, 08/27/25 | 2,677 | 2,673,976 | ||||||
2021 Term Loan B, 4.20%, 08/27/25(f) | 839 | 838,044 | ||||||
|
| |||||||
20,876,847 | ||||||||
Communications Equipment — 0.2% | ||||||||
Avantor Funding, Inc., USD Term Loan B3, (1 mo. LIBOR + 2.25%, 1.00% Floor), 3.25%, 11/21/24 | 884 | 884,000 | ||||||
|
| |||||||
Construction & Engineering — 1.7% | ||||||||
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 06/21/24 | 4,077 | 4,009,321 | ||||||
Pike Corp., 2021 Incremental Term Loan B, (1 mo. LIBOR + 3.00%), 3.13%, 01/21/28 | 1,090 | 1,085,229 | ||||||
Pisces Midco, Inc., 2018 Term Loan, (1 mo. LIBOR + 3.75%), 3.86%, 04/12/25 | 444 | 442,820 | ||||||
SRS Distribution, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.11%, 05/23/25 | 2,927 | 2,885,567 | ||||||
|
| |||||||
8,422,937 | ||||||||
Construction Materials — 1.6% | ||||||||
Core & Main LP, 2017 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 08/01/24 | 2,474 | 2,462,860 | ||||||
Filtration Group Corp. | ||||||||
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.11%, 03/29/25 | 2,423 | 2,386,185 | ||||||
2020 Incremental Term Loan, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 03/29/25 | 1,218 | 1,215,749 |
SCHEDULE OF INVESTMENTS | 3 |
Schedule of Investments (unaudited) (continued) March 31, 2021 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Construction Materials (continued) | ||||||||
Forterra Finance LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 10/25/23 | USD 1,153 | $ | 1,153,029 | |||||
Tamko Building Products, Inc., Term Loan B, 05/29/26(f) | 880 | 877,043 | ||||||
|
| |||||||
8,094,866 | ||||||||
Containers & Packaging — 2.1% | ||||||||
BWAY Holding Co., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 3.44%, 04/03/24 | 2,411 | 2,356,633 | ||||||
Charter NEX US, Inc., 2020 Term Loan, (1 mo. LIBOR + 4.25%, 0.75% Floor), 5.00%, 12/01/27 | 3,961 | 3,966,582 | ||||||
Flex Acquisition Co., Inc., 2021 Term Loan, (1 mo. LIBOR + 3.50%, 0.50% Floor), 4.00%, 03/02/28 | 2,056 | 2,027,766 | ||||||
Pregis TopCo Corp. | ||||||||
1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.86%, 08/01/26 | 626 | 620,951 | ||||||
2020 Incremental Term Loan, (1 mo. LIBOR + 4.25%, 0.75% Floor), 5.00%, 08/01/26(b) | 291 | 291,000 | ||||||
Tosca Services LLC, 2021 Term Loan, (1 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 08/18/27 | 822 | 821,700 | ||||||
|
| |||||||
10,084,632 | ||||||||
Distributors — 1.3% | ||||||||
American Builders & Contractors Supply Co., Inc., 2019 Term Loan, (1 mo. LIBOR + 2.00%), 2.11%, 01/15/27 | 2,847 | 2,821,718 | ||||||
TMK Hawk Parent Corp. | ||||||||
2020 Super Priority First Out Term Loan A, (2 mo. LIBOR + 9.50%, 1.00% Floor), 10.50%, 05/30/24(b) | 943 | 934,031 | ||||||
2020 Super Priority Second Out Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 08/30/24 | 3,112 | 2,743,480 | ||||||
|
| |||||||
6,499,229 | ||||||||
Diversified Consumer Services — 2.5% | ||||||||
Amentum Government Services Holdings LLC, Term Loan B, (1 mo. LIBOR + 3.50%), 3.61%, 01/31/27 | 550 | 543,890 | ||||||
Ascend Learning LLC | ||||||||
2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 07/12/24 | 1,560 | 1,552,063 | ||||||
2020 Incremental Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 07/12/24 | 1,022 | 1,021,231 | ||||||
Bright Horizons Family Solutions, LLC, 2017 Term Loan B, (PRIME + 0.75%), 4.00%, 11/07/23 | 1,861 | 1,844,974 | ||||||
Genuine Financial Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.86%, 07/11/25 | 2,590 | 2,547,595 | ||||||
Midas Intermediate Holdco II, LLC, 2020 Term Loan B, (3 mo. LIBOR + 6.75%, 0.75% Floor), 7.50%, 12/22/25 | 1,682 | 1,722,292 | ||||||
Nomad Foods Europe Midco Ltd., 2017 USD Term Loan B4, (1 mo. LIBOR + 2.25%), 2.36%, 05/15/24 | 1,142 | 1,130,858 |
Security | Par (000) | Value | ||||||
Diversified Consumer Services (continued) | ||||||||
PAI Holdco, Inc., 2020 Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 10/28/27 | USD 770 | $ | 771,925 | |||||
Serta Simmons Bedding LLC | ||||||||
2020 Super Priority First Out Term Loan, (1 mo. LIBOR + 7.50%), 8.50%, 08/10/23 | 473 | 477,727 | ||||||
2020 Super Priority Second Out Term Loan, (1 mo. LIBOR + 7.50%, 1.00% Floor), 8.50%, 08/10/23 | 742 | 706,420 | ||||||
|
| |||||||
12,318,975 | ||||||||
Diversified Financial Services — 8.4% | ||||||||
Advisor Group, Inc., 2021 Term Loan, (1 mo. LIBOR + 4.50%), 4.61%, 07/31/26 | 1,412 | 1,409,850 | ||||||
Alchemy Copyrights, LLC, Term Loan B, (1 mo. LIBOR + 3.00%, 0.50% Floor), 3.50%, 08/14/27(b) | 859 | 858,690 | ||||||
AlixPartners LLP, 2021 USD Term Loan B, 3.50%, 02/04/28(f) | 3,436 | 3,421,191 | ||||||
Allsup’s Convenience Stores, Inc., Term Loan, (1 mo. LIBOR + 6.25%), 6.36%, 11/18/24 | 614 | 618,931 | ||||||
Applecaramel Buyer LLC, Term Loan B, (6 mo. LIBOR + 4.00%, 0.50% Floor), 4.50%, 10/19/27 | 1,251 | 1,247,738 | ||||||
Delta TopCo, Inc. | ||||||||
2020 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 0.75% Floor), 8.00%, 12/01/28 | 670 | 684,238 | ||||||
2020 Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/01/27 | 3,680 | 3,672,125 | ||||||
EG Finco Ltd., 2018 Term Loan, (3 mo. LIBOR + 4.00%), 4.20%, 02/07/25 | 921 | 904,640 | ||||||
I-Logic Technologies Bidco Ltd., 2021 USD Term Loan B, (3 mo. LIBOR + 4.00%, 0.50% Floor), 4.50%, 02/16/28(b) | 1,266 | 1,254,922 | ||||||
Kingpin Intermediate Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 07/03/24 | 1,703 | 1,662,818 | ||||||
LBM Acquisition LLC | ||||||||
Delayed Draw Term Loan, 4.50%, 12/18/27(f) | 213 | 212,111 | ||||||
Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/18/27 | 959 | 954,500 | ||||||
LEB Holdings (USA), Inc, Term Loan B, (3 mo. LIBOR + 4.00%, , 0.75% Floor), 4.75%, 11/02/27 | 1,023 | 1,024,350 | ||||||
Milano Acquisition Corp., Term Loan B, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 10/01/27 | 6,813 | 6,789,489 | ||||||
RV Retailer LLC, Term Loan B, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 02/08/28 | 938 | 934,483 | ||||||
SMG US Midco 2, Inc., 2020 Term Loan, (3 mo. LIBOR + 2.50%), 2.71%, 01/23/25 | 676 | 642,189 | ||||||
SpA Holdings 3 Oy, USD Term Loan B, 5.89%, 03/11/28(b)(f) | 1,193 | 1,190,017 | ||||||
SSH Group Holdings, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 4.25%), 4.45%, 07/30/25 | 512 | 487,215 | ||||||
Therma Intermediate LLC, 2020 Term Loan, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 12/16/27 | 705 | 704,601 |
4 |
Schedule of Investments (unaudited) (continued) March 31, 2021 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Diversified Financial Services (continued) | ||||||||
Veritas US, Inc., 2021 USD Term Loan B, (3 mo. LIBOR + 5.00%, 1.00% Floor), 6.00%, 09/01/25 | USD 7,296 | $ | 7,302,016 | |||||
VS Buyer LLC, Term Loan B, (1 mo. LIBOR + 3.00%), 3.11%, 02/28/27 | 3,467 | 3,451,529 | ||||||
Ziggo Financing Partnership, USD Term Loan I, (1 mo. LIBOR + 2.50%), 2.61%, 04/30/28 | 1,617 | 1,599,359 | ||||||
|
| |||||||
41,027,002 | ||||||||
Diversified Telecommunication Services — 3.1% |
| |||||||
Cablevision Lightpath LLC, Term Loan B, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 11/30/27 | 577 | 575,114 | ||||||
Consolidated Communications, Inc., 2020 Term Loan B, (1 mo. LIBOR + 4.75%, 1.00% Floor), 5.75%, 10/02/27 | 807 | 807,119 | ||||||
Frontier Communications Corp., 2020 DIP Exit Term Loan, (1 mo. LIBOR + 4.75%, 1.00% Floor), 5.75%, 10/08/21 | 1,542 | 1,535,570 | ||||||
GCI LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.75%, 0.75% Floor), 3.50%, 10/15/25 | 1,241 | 1,236,631 | ||||||
Hargray Communications Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 05/16/24 | 2,258 | 2,252,822 | ||||||
Intelsat Jackson Holdings SA | ||||||||
2017 Term Loan B3, (PRIME + 4.75%), 8.00%, 11/27/23 | 395 | 400,925 | ||||||
2020 DIP Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 07/13/22 | 137 | 138,213 | ||||||
Iridium Satellite LLC, 2021 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 11/04/26 | 1,752 | 1,755,108 | ||||||
Level 3 Financing, Inc., 2019 Term Loan B, (1 mo. LIBOR + 1.75%), 1.86%, 03/01/27 | 1,931 | 1,904,297 | ||||||
MTN Infrastructure TopCo, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 11/15/24 | 2,304 | 2,298,150 | ||||||
TDC A/S, EUR Term Loan, (6 mo. EURIBOR + 3.00%), 3.00%, 06/11/25 | EUR 819 | 957,386 | ||||||
Virgin Media SFA Finance Ltd., GBP Term Loan L, (1 mo. LIBOR + 3.25%), 3.30%, 01/15/27 | GBP 1,000 | 1,359,175 | ||||||
|
| |||||||
15,220,510 | ||||||||
Electric Utilities — 1.1% | ||||||||
ExGen Renewables IV LLC, 2020 Term Loan, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 12/15/27 | USD 1,358 | 1,358,168 | ||||||
Triton Water Holdings, Inc, Term Loan, 03/18/28(f) | 4,048 | 4,029,015 | ||||||
|
| |||||||
5,387,183 | ||||||||
Electrical Equipment — 0.5% | ||||||||
Gates Global LLC, 2021 Term Loan B3, (1 mo. LIBOR + 2.75%, 0.75% Floor), 3.50%, 03/31/27 | 2,462 | 2,453,668 | ||||||
|
| |||||||
Electronic Equipment, Instruments & Components — 0.1% | ||||||||
GrafTech Finance, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%, 0.50% Floor), 3.50%, 02/12/25 | 719 | 718,657 | ||||||
|
| |||||||
Energy Equipment & Services — 0.1% | ||||||||
Dell International LLC, 2021 Term Loan B, 09/19/25 | 583 | 582,149 | ||||||
|
|
Security | Par (000) | Value | ||||||
Entertainment — 0.4% | ||||||||
MSG National Properties LLC, Term Loan, (3 mo. LIBOR + 6.25%, 0.75% Floor), 7.00%, 11/12/25(b) | USD 1,985 | $ | 2,034,651 | |||||
|
| |||||||
Environmental, Maintenance, & Security Service — 0.9% | ||||||||
Asplundh Tree Expert LLC, 2021 Term Loan B, (1 mo. LIBOR + 1.75%), 1.86%, 09/07/27 | 2,003 | 1,996,365 | ||||||
TruGreen Limited Partnership, 2020 Term Loan, (1 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 11/02/27 | 2,464 | 2,459,649 | ||||||
|
| |||||||
4,456,014 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 0.6% |
| |||||||
RHP Hotel Properties LP, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 3.00%, 05/11/24 | 729 | 719,925 | ||||||
VICI Properties LLC, Replacement Term Loan B, (1 mo. LIBOR + 1.75%), 1.86%, 12/20/24 | 2,490 | 2,459,487 | ||||||
|
| |||||||
3,179,412 | ||||||||
Food & Staples Retailing — 1.1% |
| |||||||
H Food Holdings LLC, 2018 Incremental Term Loan B2, (1 mo. LIBOR + 4.00%), 4.11%, 05/23/25 | 947 | 942,028 | ||||||
Hearthside Food Solutions LLC | ||||||||
2018 Term Loan B, (1 mo. LIBOR + 3.68%), 3.80%, 05/23/25 | 838 | 829,128 | ||||||
2020 Incremental Term Loan B3, (1 mo. LIBOR + 5.00%, 1.00% Floor), 6.00%, 05/23/25 | 166 | 166,165 | ||||||
US Foods, Inc. | ||||||||
2016 Term Loan B, (1 mo. LIBOR + 1.75%), 1.86%, 06/27/23 | 2,619 | 2,581,558 | ||||||
2019 Term Loan B, (1 mo. LIBOR + 2.00%), 2.11%, 09/13/26 | 645 | 631,775 | ||||||
|
| |||||||
5,150,654 | ||||||||
Food Products — 2.8% |
| |||||||
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 3.61%, 10/01/25 | 1,091 | 1,088,899 | ||||||
B&G Foods, Inc., 2019 Term Loan B4, (1 mo. LIBOR + 2.50%), 2.61%, 10/10/26 | 415 | 414,370 | ||||||
Chobani LLC, 2020 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 10/23/27 | 3,117 | 3,112,659 | ||||||
Froneri International Ltd. | ||||||||
2020 USD 2nd Lien Term Loan, (1 mo. LIBOR + 5.75%), 5.86%, 01/29/28 | 403 | 407,334 | ||||||
2020 USD Term Loan, (1 mo. LIBOR + 2.25%), 2.36%, 01/29/27 | 4,254 | 4,193,046 | ||||||
JBS USA LUX SA, 2019 Term Loan B, (1 mo. LIBOR + 2.00%), 2.11%, 05/01/26 | 515 | 511,310 | ||||||
Pathway Vet Alliance LLC, 2021 Term Loan, (1 mo. LIBOR + 3.75%), 3.86%, 03/31/27 | 581 | 576,466 | ||||||
Reynolds Group Holdings Inc., 2020 Term Loan B2, (1 mo. LIBOR + 3.25%), 3.36%, 02/05/26 | 409 | 403,803 | ||||||
Reynolds Group Holdings, Inc., 2017 Term Loan, (1 mo. LIBOR + 2.75%), 2.86%, 02/05/23 | 1,912 | 1,902,728 | ||||||
Sovos Brands Intermediate, Inc., 2018 Term Loan, (3 mo. LIBOR + 4.75%), 4.98%, 11/20/25(b) | 753 | 751,265 | ||||||
UTZ Quality Foods LLC, 2021 Term Loan B, (1 mo. LIBOR + 3.00%), 3.11%, 01/20/28 | 601 | 600,115 | ||||||
|
| |||||||
13,961,995 |
SCHEDULE OF INVESTMENTS | 5 |
Schedule of Investments (unaudited) (continued) March 31, 2021 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Health Care Equipment & Supplies — 1.1% | ||||||||
Avantor Funding, Inc., 2020 Incremental Term Loan B4, (1 mo. LIBOR + 2.25%, 1.00% Floor), | USD | 2,080 | $ | 2,078,747 | ||||
Ortho-Clinical Diagnostics SA 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 06/30/25 | 2,084 | 2,078,884 | ||||||
EUR Term Loan B, (3 mo. LIBOR + 3.50%), 3.50%, 06/30/25 | EUR | 992 | 1,162,939 | |||||
|
| |||||||
5,320,570 | ||||||||
Health Care Providers & Services — 3.8% | ||||||||
AHP Health Partners, Inc., 2021 Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor), | USD | 800 | 800,647 | |||||
CCRR Parent, Inc, Term Loan B, (3 mo. LIBOR + 4.25%, 0.75% Floor), 5.00%, 03/06/28(b) | 1,346 | 1,347,682 | ||||||
CHG Healthcare Services, Inc., 2017 1st Lien Term Loan B, (6 mo. LIBOR + 3.00%, 1.00% Floor), | 1,890 | 1,882,550 | ||||||
Da Vinci Purchaser Corp., 2019 Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 01/08/27 | 961 | 960,442 | ||||||
Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.86%, 10/10/25 | 1,950 | 1,677,926 | ||||||
EyeCare Partners LLC | ||||||||
2020 2nd Lien Term Loan, (1 mo. LIBOR + 8.25%), 8.36%, 02/18/28 | 1,260 | 1,207,496 | ||||||
2020 Term Loan, (1 mo. LIBOR + 3.75%), 3.86%, 02/18/27 | 1,699 | 1,679,601 | ||||||
Femur Buyer, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 4.50%), 4.75%, 03/05/26 | 1,063 | 1,006,521 | ||||||
HC Group Holdings II, Inc., Term Loan B, (1 mo. LIBOR + 3.75%), 3.86%, 08/06/26 | 4,299 | 4,280,279 | ||||||
HCA, Inc., Term Loan B13, (1 mo. LIBOR + 1.75%), 1.86%, 03/18/26 | — | (g) | 441 | |||||
MPH Acquisition Holdings LLC, 2016 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 06/07/23 | 1,182 | 1,174,926 | ||||||
PetVet Care Centers LLC, 2021 Term Loan B3, (1 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 02/14/25 | 53 | 52,489 | ||||||
Sotera Health Holdings LLC, 2021 Term Loan, (3 mo. LIBOR + 2.75%, 0.50% Floor), 3.25%, 12/13/26 | 2,539 | 2,529,479 | ||||||
|
| |||||||
18,600,479 | ||||||||
Health Care Services — 1.1% | ||||||||
Azalea Topco, Inc., Term Loan, (3 mo. LIBOR + 3.50%), 3.71%, 07/25/26 | 2,080 | 2,059,985 | ||||||
Unified Physician Management LLC, 2020 Term Loan, (1 mo. LIBOR + 4.25%, 0.75% Floor), 5.00%, 12/18/27(b) | 1,435 | 1,435,402 | ||||||
WP CityMD Bidco LLC, 2021 Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 08/13/26 | 1,788 | 1,788,835 | ||||||
|
| |||||||
5,284,222 | ||||||||
Health Care Technology — 1.9% | ||||||||
Athenahealth, Inc., 2021 Term Loan B1, (3 mo. LIBOR + 4.25%), 4.45%, 02/11/26 | 369 | 369,306 | ||||||
Change Healthcare Holdings, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 03/01/24 | 1,457 | 1,454,877 |
Security | Par (000) | Value | ||||||
Health Care Technology (continued) | ||||||||
GoodRx, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 2.86%, 10/10/25 | USD | 2,886 | $ | 2,873,840 | ||||
Press Ganey Holdings, Inc., 2020 Incremental Term Loan, (3 mo. LIBOR + 4.00%, 0.75% Floor), 5.00%, 07/25/26 | 976 | 978,411 | ||||||
Quintiles IMS, Inc., 2017 USD Term Loan B1, (1 mo. LIBOR + 1.75%), 1.86%, 03/07/24 | 499 | 496,485 | ||||||
Verscend Holdings Corp., 2nd Lien Term Loan, 5.89%, 02/01/29(b)(f) | 3,092 | 3,138,380 | ||||||
|
| |||||||
9,311,299 | ||||||||
Hotels, Restaurants & Leisure — 8.4% | ||||||||
1011778 B.C. Unlimited Liability Co., Term Loan B4, (1 mo. LIBOR + 1.75%), | 2,474 | 2,426,814 | ||||||
Aimbridge Acquisition Co., Inc., 2019 Term Loan B, (1 mo. LIBOR + 3.75%), | 430 | 416,879 | ||||||
Aristocrat Leisure Ltd., 2020 Incremental Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 10/19/24 | 1,002 | 1,005,142 | ||||||
Boyd Gaming Corp., Term Loan B3, (1 Week LIBOR + 2.25%), 2.33%, 09/15/23 | 1,137 | 1,133,840 | ||||||
Caesars Resort Collection LLC | ||||||||
2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.75%), 2.86%, 12/23/24 | 2,775 | 2,731,726 | ||||||
2020 Term Loan B1, (1 mo. LIBOR + 4.50%), 4.61%, 07/20/25 | 3,649 | 3,653,502 | ||||||
CCM Merger, Inc., 2020 Term Loan B, (1 mo. LIBOR + 3.75%, 0.75% Floor), | 727 | 727,804 | ||||||
Churchill Downs, Inc., 2021 Incremental Term Loan B1, (3 mo. LIBOR + 2.00%), | 787 | 782,081 | ||||||
ECL Entertainment, LLC, Term Loan, | 581 | 581,000 | ||||||
Equinox Holdings, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 03/08/24 | 4,072 | 3,792,845 | ||||||
Four Seasons Hotels Ltd., New 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 2.11%, 11/30/23 | 1,345 | 1,340,507 | ||||||
Gateway Casinos & Entertainment Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 3.70%, 12/01/23 | 149 | 146,393 | ||||||
Golden Nugget LLC, 2017 Incremental Term Loan B, (2 mo. LIBOR + 2.50%, 0.75% Floor), 3.25%, 10/04/23 | 2,517 | 2,474,612 | ||||||
Golden Nugget, Inc., 2020 Initial Term Loan, (3 mo. LIBOR + 12.00%, 1.00% Floor), 13.00%, 10/04/23(b) | 177 | 200,843 | ||||||
Herschend Entertainment Co. LLC, Term Loan B, (3 mo. LIBOR + 5.75%, 1.00% Floor), 6.75%, 08/25/25(b) | 600 | 608,985 | ||||||
IRB Holding Corp, 2020 Fourth Amendment Incremental Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/15/27 | 4,869 | 4,847,039 | ||||||
IRB Holding Corp., 2020 Term Loan B, (6 mo. LIBOR + 2.75%, 1.00% Floor), | 2,292 | 2,271,110 | ||||||
Scientific Games International, Inc., 2018 Term Loan B5, (1 mo. LIBOR + 2.75%), 2.86%, 08/14/24 | 1,294 | 1,267,636 | ||||||
Stars Group Holdings BV, 2018 USD Incremental Term Loan, (3 mo. LIBOR + 3.50%), 3.70%, 07/10/25 | 882 | 882,810 |
6 |
Schedule of Investments (unaudited) (continued) March 31, 2021 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Hotels, Restaurants & Leisure (continued) | ||||||||||||
Station Casinos LLC, 2020 Term Loan B, | USD | 2,087 | $ | 2,051,178 | ||||||||
Tackle Sarl, 2017 EUR Term Loan, (3 mo. LIBOR + 3.50%), 3.50%, 08/08/22 | EUR | 975 | 1,136,177 | |||||||||
Travelport Finance (Luxembourg) S.a.r.l. | ||||||||||||
2019 Term Loan, (3 mo. LIBOR + 5.00%), 5.20%, 05/29/26 | USD | 2,225 | 1,803,745 | |||||||||
2020 Super Priority Term Loan, (3 mo. LIBOR + 1.50%, 1.00% Floor), | 1,157 | 1,158,186 | ||||||||||
Whatabrands LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.75%), 2.86%, 08/02/26 | 986 | 979,379 | ||||||||||
Wyndham Hotels & Resorts, Inc., Term Loan B, (1 mo. LIBOR + 1.75%), 1.86%, 05/30/25 | 549 | 542,833 | ||||||||||
Zaxby’s Operating Company LLC | ||||||||||||
1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/28/27 | 1,572 | 1,569,249 | ||||||||||
2nd Lien Term Loan, (1 mo. LIBOR + 6.50%, 0.75% Floor), 7.25%, 12/28/28 | 636 | 642,360 | ||||||||||
|
| |||||||||||
41,174,675 | ||||||||||||
Household Durables — 0.6% | ||||||||||||
Reynolds Consumer Products LLC, Term Loan, (1 mo. LIBOR + 1.75%), | 1,522 | 1,513,745 | ||||||||||
Weber-Stephen Products LLC, Term Loan B, (1 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 10/30/27 | 1,198 | 1,196,500 | ||||||||||
|
| |||||||||||
2,710,245 | ||||||||||||
Household Products — 0.1% | ||||||||||||
Spectrum Brands, Inc., 2021 Term Loan, (3 mo. LIBOR + 2.00%, 0.50% Floor), | 543 | 541,306 | ||||||||||
|
| |||||||||||
Independent Power and Renewable Electricity Producers — 0.6% | ||||||||||||
Calpine Construction Finance Co. LP, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 2.11%, 01/15/25 | 510 | 503,303 | ||||||||||
Calpine Corp. | ||||||||||||
2019 Term Loan B10, (1 mo. LIBOR + 2.00%), 2.11%, 08/12/26 | 715 | 706,836 | ||||||||||
Term Loan B9, (1 mo. LIBOR + 2.00%), 2.11%, 04/06/26 | 1,531 | 1,512,765 | ||||||||||
|
| |||||||||||
2,722,904 | ||||||||||||
Industrial Conglomerates — 2.7% | ||||||||||||
AVSC Holding Corp. | ||||||||||||
2020 Term Loan B1, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 03/03/25 | 3,791 | 3,343,818 | ||||||||||
2020 Term Loan B3, (PIK + 10.00%), 10.00%, 10/15/26 | 1,124 | 1,304,071 | ||||||||||
Sequa Mezzanine Holdings LLC, 2020 Extended Term Loan, (3 mo. LIBOR + 6.75%, 1.00% Floor), 7.75%, 11/28/23 | 1,315 | 1,318,360 | ||||||||||
Vertical Midco GmbH, USD Term Loan B, (6 mo. LIBOR + 4.25%), 4.48%, 07/31/27 | 1,929 | 1,932,211 | ||||||||||
Vertiv Group Corporation, 2021 Term Loan B, (1 mo. LIBOR + 2.75%), 2.87%, 03/02/27 | 5,582 | 5,529,722 | ||||||||||
|
| |||||||||||
13,428,182 | ||||||||||||
Insurance — 4.0% | ||||||||||||
Alliant Holdings I, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 05/09/25 | 2,937 | 2,898,218 | ||||||||||
Alliant Holdings Intermediate LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 05/09/25 | 1,032 | 1,017,295 |
Security | Par (000) | Value | ||||||||||
Insurance (continued) | ||||||||||||
AmWINS Group, Inc., 2021 Term Loan B, (1 mo. LIBOR + 2.25%, 0.75% Floor), | USD | 3,123 | $ | 3,097,812 | ||||||||
AssuredPartners Capital, Inc., 2020 Incremental Term Loan B, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 02/13/27 | 682 | 681,939 | ||||||||||
AssuredPartners, Inc., 2020 Term Loan B, (1 mo. LIBOR + 3.50%), 3.61%, 02/13/27 | 1,429 | 1,412,083 | ||||||||||
Hub International Limited, 2021 Term Loan B, (3 mo. LIBOR + 3.25%, 0.75% Floor), | 876 | 874,486 | ||||||||||
HUB International Ltd., 2018 Term Loan B, (3 mo. LIBOR + 2.75%), 2.97%, 04/25/25 | 3,409 | 3,358,615 | ||||||||||
Ryan Specialty Group LLC, Term Loan, (1 mo. LIBOR + 3.00%, 0.75% Floor), | 1,657 | 1,653,908 | ||||||||||
Sedgwick Claims Management Services, Inc. | ||||||||||||
2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 12/31/25 | 1,968 | 1,940,230 | ||||||||||
2019 Term Loan B, (1 mo. LIBOR + 3.75%), 3.86%, 09/03/26 | 1,219 | 1,210,909 | ||||||||||
2020 Term Loan B3, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 09/03/26 | 1,694 | 1,695,569 | ||||||||||
|
| |||||||||||
19,841,064 | ||||||||||||
Interactive Media & Services — 3.4% | ||||||||||||
Adevinta ASA, USD Term Loan B, 04/20/28(f) | 2,513 | 2,511,333 | ||||||||||
Arches Buyer, Inc., 2021 Term Loan B, (1 mo. LIBOR + 3.25%, 0.50% Floor), | 2,406 | 2,386,722 | ||||||||||
Camelot U.S. Acquisition 1 Co., 2020 Incremental Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 10/31/26 | 3,393 | 3,389,105 | ||||||||||
Go Daddy Operating Co. LLC, 2021 Term Loan B4, (3 mo. LIBOR + 2.00%), 2.11%, 08/10/27 | 1,940 | 1,927,803 | ||||||||||
Grab Holdings, Inc., Term Loan B, (6 mo. LIBOR + 4.50%, 1.00% Floor), | 6,459 | 6,555,885 | ||||||||||
|
| |||||||||||
16,770,848 | ||||||||||||
Internet & Direct Marketing Retail — 0.6% | ||||||||||||
CNT Holdings I Corp., 2020 Term Loan, (6 mo. LIBOR + 3.75%, 0.75% Floor), | 2,722 | 2,714,351 | ||||||||||
|
| |||||||||||
Internet Software & Services — 0.4% | ||||||||||||
Uber Technologies, Inc., 2021 Term Loan B, (1 mo. LIBOR + 3.50%), 3.61%, 02/25/27 | 2,122 | 2,110,998 | ||||||||||
|
| |||||||||||
IT Services — 6.7% | ||||||||||||
Aruba Investments, Inc. | ||||||||||||
2020 2nd Lien Term Loan, (3 mo. LIBOR + 7.75%, 0.75% Floor), 8.50%, 11/24/28 | 1,440 | 1,443,600 | ||||||||||
2020 USD Term Loan, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 11/24/27 | 779 | 777,053 | ||||||||||
Banff Merger Sub, Inc., 2021 USD Term Loan, (1 mo. LIBOR + 3.75%), 3.86%, 10/02/25 | 2,078 | 2,067,778 | ||||||||||
Camelot U.S. Acquisition 1 Co., Term Loan B, (1 mo. LIBOR + 3.00%), 3.11%, 10/31/26 | 3,676 | 3,644,473 | ||||||||||
Celestial -Saturn Parent INC, 2nd Lien Term Loan, 5.89%, 03/22/29(f) | 1,269 | 1,256,310 | ||||||||||
Greeneden US Holdings II LLC, 2020 USD Term Loan B, (1 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 12/01/27 | 5,629 | 5,624,766 | ||||||||||
GreenSky Holdings, LLC, 2020 Term Loan B2, (1 mo. LIBOR + 4.50%, 1.00% Floor), | 1,563 | 1,547,556 |
SCHEDULE OF INVESTMENTS | 7 |
Schedule of Investments (unaudited) (continued) March 31, 2021 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
IT Services (continued) | ||||||||||||
Peak 10 Holding Corp., 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%), | USD | 975 | $ | 830,125 | ||||||||
PUG LLC, USD Term Loan, (1 mo. LIBOR + 3.50%), 3.61%, 02/13/27 | 3,220 | 3,103,003 | ||||||||||
Rackspace Hosting, Inc., 2021 Term Loan, (3 mo. LIBOR + 2.75%, 0.75% Floor), 3.50%, 02/09/28 | 1,110 | 1,098,853 | ||||||||||
Sophia LP, 2020 2nd Lien Term Loan, (3 mo. LIBOR + 8.00%, 1.00% Floor), 9.00%, 10/09/28(b) | 4,215 | 4,330,912 | ||||||||||
TierPoint LLC, 2021 Term Loan, (3 mo. LIBOR + 3.75%, 0.75% Floor), | 978 | 974,192 | ||||||||||
Trans Union, LLC, 2019 Term Loan B5, (1 mo. LIBOR + 1.75%), | 1,963 | 1,948,411 | ||||||||||
Virtusa Corp., Term Loan B, (1 mo. LIBOR + 4.25%, 0.75% Floor), | 1,062 | 1,062,669 | ||||||||||
WEX Inc., Term Loan B3, (1 mo. LIBOR + 2.25%), 2.36%, 05/15/26 | 2,179 | 2,174,472 | ||||||||||
WEX, Inc., 2021 Term Loan, 03/18/28(f) | 990 | 986,287 | ||||||||||
|
| |||||||||||
32,870,460 | ||||||||||||
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 | 997 | 962,533 | ||||||||||
|
| |||||||||||
Life Sciences Tools & Services — 2.1% | ||||||||||||
eResearchTechnology, Inc. | ||||||||||||
2020 1st Lien Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 02/04/27 | 2,686 | 2,687,343 | ||||||||||
2021 Incremental Term Loan, | 1,786 | 1,786,839 | ||||||||||
Maravai Intermediate Holdings LLC, 2020 Term Loan B, (1 mo. LIBOR + 4.25%, 1.00% Floor), | 1,246 | 1,252,190 | ||||||||||
PPD, Inc., Initial Term Loan, (1 mo. LIBOR + 2.25%, 0.50% Floor), | 4,457 | 4,430,748 | ||||||||||
|
| |||||||||||
10,157,120 | ||||||||||||
Machinery — 1.8% | ||||||||||||
Columbus McKinnon Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 01/31/24 | 131 | 130,367 | ||||||||||
Hayward Industries, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), | 1,258 | 1,255,844 | ||||||||||
Ingersoll-Rand Services Co., 2020 USD Spinco Term Loan, (1 mo. LIBOR + 1.75%), 1.86%, 02/28/27 | 2,264 | 2,232,998 | ||||||||||
Titan Acquisition Ltd., 2018 Term Loan B, (6 mo. LIBOR + 3.00%), | 5,575 | 5,453,537 | ||||||||||
|
| |||||||||||
9,072,746 | ||||||||||||
Media — 14.6% | ||||||||||||
A-L Parent LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/01/23 | 3,655 | 3,356,564 | ||||||||||
Altice Financing SA | ||||||||||||
2017 USD Term Loan B, (1 mo. LIBOR + 2.75%), 2.86%, 07/15/25 | 1,104 | 1,080,383 | ||||||||||
USD 2017 1st Lien Term Loan, (3 mo. LIBOR + 2.75%), 2.95%, 01/31/26 | 1,584 | 1,550,509 | ||||||||||
Altice France SA, 2018 Term Loan B13, (3 mo. LIBOR + 4.00%), | 3,528 | 3,515,543 | ||||||||||
Charter Communications Operating LLC, 2019 Term Loan B1, (1 mo. LIBOR + 1.75%), 1.86%, 04/30/25 | 3,395 | 3,385,795 |
Security | Par (000) | Value | ||||||||||
Media (continued) | ||||||||||||
Clear Channel Outdoor Holdings, Inc., Term Loan B, (3 mo. LIBOR + 3.50%), | USD | 6,543 | $ | 6,276,171 | ||||||||
Connect Finco Sarl, 2021 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 12/12/26 | 9,085 | 9,046,956 | ||||||||||
CSC Holdings LLC | ||||||||||||
2017 Term Loan B1, (1 mo. LIBOR + 2.25%), 2.36%, 07/17/25 | 2,164 | 2,131,707 | ||||||||||
2019 Term Loan B5, (1 mo. LIBOR + 2.50%), 2.61%, 04/15/27 | 2,128 | 2,100,005 | ||||||||||
E.W. Scripps Co., 2020 Term Loan B3, | 1,034 | 1,029,722 | ||||||||||
Lions Gate Capital Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.25%), 2.36%, 03/24/25 | 1,350 | 1,327,437 | ||||||||||
Live Nation Entertainment, Inc., Term Loan B4, (1 mo. LIBOR + 1.75%), | 2,576 | 2,506,891 | ||||||||||
MCC Iowa LLC, Term Loan N, (1 Week LIBOR + 1.75%), 1.84%, 02/15/24 | 180 | 179,721 | ||||||||||
MH Sub I LLC | ||||||||||||
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 3.61%, 09/13/24 | 3,534 | 3,491,867 | ||||||||||
2020 Incremental Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), | 2,582 | 2,579,774 | ||||||||||
2021 2nd Lien Term Loan, (1 mo. LIBOR + 6.25%), 6.36%, 02/23/29 | 1,021 | 1,026,105 | ||||||||||
Midcontinent Communications, 2019 Term Loan B, (1 mo. LIBOR + 1.75%), | 729 | 725,384 | ||||||||||
Nexstar Broadcasting, Inc., 2019 Term Loan B4, (1 mo. LIBOR + 2.50%), | 1,344 | 1,332,907 | ||||||||||
Playtika Holding Corp., 2021 Term Loan, 03/11/28(f) | 1,239 | 1,231,256 | ||||||||||
Radiate Holdco LLC, 2020 Term Loan, (1 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 09/25/26 | 2,444 | 2,441,289 | ||||||||||
Sinclair Television Group, Inc., Term Loan B2, (1 mo. LIBOR + 2.25%), | 160 | 158,934 | ||||||||||
Terrier Media Buyer, Inc., 2021 Term Loan, (1 mo. LIBOR + 3.50%), 3.61%, 12/17/26 | 3,135 | 3,104,140 | ||||||||||
Trader Corp., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), | 4,102 | 4,081,226 | ||||||||||
Virgin Media Bristol LLC | ||||||||||||
2020 USD Term Loan Q, 01/31/29(f) | 2,365 | 2,358,804 | ||||||||||
USD Term Loan N, (1 mo. LIBOR + 2.50%), 2.61%, 01/31/28 | 988 | 978,560 | ||||||||||
William Morris Endeavor Entertainment, LLC, 2018 1st Lien Term Loan, (3 mo. LIBOR + 2.75%), 2.94%, 05/18/25. | 1,985 | 1,873,568 | ||||||||||
WMG Acquisition Corp., 2021 Term Loan G, (1 mo. LIBOR + 2.12%), | 669 | 665,659 | ||||||||||
Zayo Group Holdings, Inc., USD Term Loan, (1 mo. LIBOR + 3.00%), | 8,459 | 8,384,752 | ||||||||||
|
| |||||||||||
71,921,629 | ||||||||||||
Metals & Mining — 0.4% | ||||||||||||
Ball Metalpack, LLC, 2018 1st Lien Term Loan B, (3 mo. LIBOR + 4.50%), | 1,768 | 1,756,561 | ||||||||||
|
| |||||||||||
Multi-line Retail — 0.2% | ||||||||||||
Eyemart Express LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 08/04/24 | 950 | 944,214 | ||||||||||
|
| |||||||||||
Oil, Gas & Consumable Fuels — 0.6% | ||||||||||||
Edgewater Generation LLC, Term Loan, (1 mo. LIBOR + 3.75%), 3.86%, 12/13/25 | 1,473 | 1,453,005 | ||||||||||
EG Group Ltd., 2018 USD Term Loan B, (3 mo. LIBOR + 4.00%), 4.20%, 02/07/25 | 781 | 767,326 |
8 |
Schedule of Investments (unaudited) (continued) March 31, 2021 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||||||
Lealand Finance Company B.V., 2020 Take Back Term Loan, (PIK + 3.00%), 3.00%, 06/30/25 | USD | 286 | $ | 154,968 | ||||||||
McDermott Technology Americas, Inc., 2020 Make Whole Term Loan, (1 mo. LIBOR + 3.00%), 3.11%, 06/30/24(b) | 40 | 31,792 | ||||||||||
Murphy USA, Inc., Term Loan B, (1 mo. LIBOR + 1.75%, 0.50% Floor), 2.25%, 01/31/28(b) | 649 | 651,434 | ||||||||||
|
|
|
| |||||||||
3,058,525 | ||||||||||||
Personal Products — 1.5% | ||||||||||||
Sunshine Luxembourg VII SARL, 2021 Term Loan B3, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 10/01/26 | 7,329 | 7,328,103 | ||||||||||
Pharmaceuticals — 2.8% | ||||||||||||
Amneal Pharmaceuticals LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%), 3.63%, 05/04/25 | 1,955 | 1,916,657 | ||||||||||
Catalent Pharma Solutions, Inc., 2021 Term Loan B3, (1 mo. LIBOR + 2.00%, 0.50% Floor), 2.50%, 02/22/28 | 2,050 | 2,049,126 | ||||||||||
Elanco Animal Health, Inc., Term Loan B, (1 mo. LIBOR + 1.75%), 1.87%, 08/01/27 | 1,060 | 1,045,707 | ||||||||||
Grifols Worldwide Operations USA, Inc., USD 2019 Term Loan B, (1 Week LIBOR + 2.00%), 2.08%, 11/15/27 | 1,698 | 1,678,538 | ||||||||||
Precision Medicine Group LLC, 2021 Delayed Draw Term Loan, (3 mo. LIBOR + 5.50%), 0.00%, 11/18/27 | 25 | 24,717 | ||||||||||
Precision Medicine Group, LLC, 2021 Term Loan, (3 mo. LIBOR + 3.00%, , 0.75% Floor), 3.75%, 11/18/27 | 2,394 | 2,374,356 | ||||||||||
Valeant Pharmaceuticals International, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 3.11%, 06/02/25 | 4,871 | 4,852,321 | ||||||||||
|
|
|
| |||||||||
13,941,422 | ||||||||||||
Professional Services — 1.6% | ||||||||||||
Dun & Bradstreet Corp., Term Loan, (1 mo. LIBOR + 3.25%), 3.36%, 02/06/26 | 7,814 | 7,764,814 | ||||||||||
|
|
|
| |||||||||
Real Estate Management & Development — 0.7% | ||||||||||||
CityCenter Holdings LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.25%, 0.75% Floor), 3.00%, 04/18/24 | 2,064 | 2,036,009 | ||||||||||
Cushman & Wakefield U.S. Borrower, LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.75%), 2.86%, 08/21/25 | 1,475 | 1,439,760 | ||||||||||
Realogy Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.25%, 0.75% Floor), 3.00%, 02/08/25 | 76 | 74,493 | ||||||||||
|
|
|
| |||||||||
3,550,262 | ||||||||||||
Road & Rail — 0.3% | ||||||||||||
Moda Ingleside Energy Center LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 09/25/25 | 247 | 246,400 | ||||||||||
SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.75%), 5.71%, 08/04/25(b) | 1,233 | 1,134,880 | ||||||||||
|
|
|
| |||||||||
1,381,280 |
Security | Par (000) | Value | ||||||||||
Semiconductors & Semiconductor Equipment — 0.1% | ||||||||||||
ON Semiconductor Corp., 2019 Term Loan B, (1 mo. LIBOR + 2.00%), 2.11%, 09/19/26 | USD | 482 | $ | 481,191 | ||||||||
|
|
|
| |||||||||
Software — 19.1% | ||||||||||||
Applied Systems, Inc. | ||||||||||||
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 0.50% Floor), 3.50%, 09/19/24 | 3,875 | 3,857,600 | ||||||||||
2021 2nd Lien Term Loan, (3 mo. LIBOR + 5.50%, 0.75% Floor), 5.70%, 09/19/25 | 712 | 715,560 | ||||||||||
Barracuda Networks, Inc. | ||||||||||||
1st Lien Term Loan, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 02/12/25 | 3,590 | 3,584,353 | ||||||||||
2020 2nd Lien Term Loan, (3 mo. LIBOR + 6.75%, 0.75% Floor), 7.50%, 10/30/28 | 870 | 884,137 | ||||||||||
By Crown Parent LLC, Term Loan B1, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 01/31/26 | 2,405 | 2,402,727 | ||||||||||
Cloudera, Inc., Term Loan B, 12/22/27(b)(f) | 984 | 981,540 | ||||||||||
Cornerstone OnDemand, Inc., Term Loan B, (1 mo. LIBOR + 4.25%), 4.36%, 04/22/27 | 646 | 646,222 | ||||||||||
Cypress Intermediate Holdings III, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 04/29/24 | 1,881 | 1,878,307 | ||||||||||
Digicel International Finance Ltd., 2017 Term Loan B, (6 mo. LIBOR + 3.25%), 3.51%, 05/27/24 | 1,154 | 1,094,358 | ||||||||||
DTI Holdco, Inc., 2018 Term Loan B, (3 mo. LIBOR + 4.75%, 1.00% Floor), 5.75%, 09/29/23 | 510 | 488,775 | ||||||||||
Epicor Software Corp. | ||||||||||||
2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 8.75%, 07/31/28 | 2,141 | 2,207,906 | ||||||||||
2020 Term Loan, (1 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 07/31/27 | 2,445 | 2,434,104 | ||||||||||
First Advantage Holdings LLC, 2021 Term Loan B, (1 mo. LIBOR + 3.00%), 3.11%, 01/31/27 | 1,645 | 1,631,735 | ||||||||||
Helios Software Holdings, Inc., 2021 USD Term Loan B, (3 mo. LIBOR + 3.75%), 3.93%, 03/11/28 | 2,575 | 2,554,091 | ||||||||||
Informatica LLC, 2020 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 02/25/27 | 8,683 | 8,609,391 | ||||||||||
McAfee LLC, 2018 USD Term Loan B, (1 mo. LIBOR + 3.75%), 3.86%, 09/30/24 | 1,473 | 1,472,500 | ||||||||||
MED ParentCo LP, 2020 Incremental Term Loan B, (1 mo. LIBOR + 6.25%, 1.00% Floor), 7.25%, 08/31/26 | 873 | 871,524 | ||||||||||
Mitchell International, Inc. | ||||||||||||
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.36%, 11/29/24 | 3,283 | 3,227,270 | ||||||||||
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.36%, 11/30/25 | 1,222 | 1,217,059 | ||||||||||
2020 Add-On Term Loan, (1 mo. LIBOR + 4.25%, 0.50% Floor), 4.75%, 12/01/24 | 2,072 | 2,073,144 | ||||||||||
Netsmart Technologies, Inc., 2020 Term Loan B, | 1,472 | 1,470,160 | ||||||||||
Omnitracs, Inc., 2020 2nd Lien Term Loan, | 1,078 | 1,079,347 |
SCHEDULE OF INVESTMENTS | 9 |
Schedule of Investments (unaudited) (continued) March 31, 2021 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Software (continued) | ||||||||||||
Planview Parent, Inc. | ||||||||||||
2nd Lien Term Loan, (1 Week LIBOR + 7.25%, 0.75% Floor), 8.00%, 12/17/28 | USD | 930 | $ | 925,350 | ||||||||
Term Loan, (3 mo. LIBOR + 4.00%, , 0.75% Floor), 4.75%, 12/17/27 | 2,610 | 2,605,652 | ||||||||||
Project Alpha Intermediate Holding, Inc., 2021 Term Loan B, (1 mo. LIBOR + 4.00%), 4.11%, 04/26/24 | 1,539 | 1,533,371 | ||||||||||
RealPage, Inc(f) | ||||||||||||
Second Lien Term Loan, 5.89%, 03/31/26(b) | 2,965 | 3,039,281 | ||||||||||
Term Loan, 5.89%, 02/17/28 | 6,170 | 6,138,452 | ||||||||||
Renaissance Holding Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.36%, 05/30/25 | 686 | 667,903 | ||||||||||
Sabre GLBL, Inc., 2020 Term Loan B, (1 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 12/17/27 | 1,114 | 1,124,659 | ||||||||||
Severin Acquisition, LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 08/01/25 | 3,904 | 3,851,611 | ||||||||||
SolarWinds Holdings, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 2.86%, 02/05/24 | 1,017 | 996,922 | ||||||||||
Solera LLC, USD Term Loan B, (1 mo. LIBOR + 2.75%), 2.86%, 03/03/23. | 1,232 | 1,223,632 | ||||||||||
Sophia LP, 2020 1st Lien Term Loan, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 10/07/27 | 5,157 | 5,150,629 | ||||||||||
Tempo Acquisition LLC, 2020 Extended Term Loan, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 11/02/26 | 6,902 | 6,896,068 | ||||||||||
Tibco Software, Inc., 2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.36%, 03/04/28 | 2,919 | 2,947,275 | ||||||||||
Ultimate Software Group, Inc. | ||||||||||||
2020 2nd Lien Incremental Term Loan, (3 mo. LIBOR + 6.75%, 0.75% Floor), 7.50%, 05/03/27. | 1,992 | 2,036,820 | ||||||||||
2021 Incremental Term Loan, (3 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 05/03/26 | 3,667 | 3,666,551 | ||||||||||
Term Loan B, (1 mo. LIBOR + 3.75%), 3.86%, 05/03/26 | 5,798 | 5,788,179 | ||||||||||
|
| |||||||||||
93,974,165 | ||||||||||||
Specialty Retail — 4.1% | ||||||||||||
Belron Finance US LLC | ||||||||||||
2018 Term Loan B, (3 mo. LIBOR + 2.25%), 2.45%, 11/13/25 | 443 | 440,040 | ||||||||||
2019 USD Term Loan B, (3 mo. LIBOR + 2.25%), 2.46%, 10/30/26 | 882 | 875,224 | ||||||||||
USD Term Loan B, (3 mo. LIBOR + 2.25%), 2.44%, 11/07/24 | 2,313 | 2,308,402 | ||||||||||
CD&R Firefly Bidco Ltd., 2018 GBP Term Loan B1, (3 mo. LIBOR + 4.25%), 4.31%, 06/21/25 | GBP | 1,000 | 1,370,300 | |||||||||
EG Group Limited, 2021 Term Loan, 5.89%, 03/10/26(f) | USD | 574 | 567,542 | |||||||||
IAA, Inc., Term Loan B, (1 mo. LIBOR + 2.25%), 2.38%, 06/28/26(b) | 481 | 477,490 | ||||||||||
MED ParentCo LP | ||||||||||||
1st Lien Delayed Draw Term Loan, (1 mo. LIBOR + 4.25%), 4.25%, 08/31/26 | 347 | 344,223 | ||||||||||
1st Lien Term Loan, (1 mo. LIBOR + 4.25%), 4.36%, 08/31/26 | 1,385 | 1,372,656 |
Security | Par (000) | Value | ||||||||||
Specialty Retail (continued) | ||||||||||||
PetSmart, Inc., 2021 Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 02/12/28 | USD | 5,922 | $ | 5,908,379 | ||||||||
Research Now Group, Inc., 2017 1st Lien Term Loan, (6 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 12/20/24 | 2,188 | 2,162,485 | ||||||||||
Sotheby’s, Term Loan B, (3 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 01/15/27 | 3,288 | 3,300,002 | ||||||||||
Woof Holdings, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/21/27 | 555 | 552,225 | ||||||||||
WOOF Holdings, Inc., 2nd Lien Term Loan, (12 mo. LIBOR + 7.25%, 0.75% Floor), 8.00%, 12/21/28 | 560 | 567,700 | ||||||||||
|
| |||||||||||
20,246,668 | ||||||||||||
Technology Hardware, Storage & Peripherals — 0.4% | ||||||||||||
Electronics for Imaging, Inc., Term Loan, (1 mo. LIBOR + 5.00%), 5.11%, 07/23/26 | 1,387 | 1,301,358 | ||||||||||
Western Digital Corp., 2018 Term Loan B4, (1 mo. LIBOR + 1.75%), 1.86%, 04/29/23 | 732 | 730,729 | ||||||||||
|
| |||||||||||
2,032,087 | ||||||||||||
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 | 3,006 | 3,001,871 | ||||||||||
|
| |||||||||||
Trading Companies & Distributors — 0.5% | ||||||||||||
Foundation Building Materials Holding Company LLC | ||||||||||||
2021 Delayed Draw Term Loan, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 02/10/28 | 563 | 557,912 | ||||||||||
2021 Term Loan, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 02/10/28 | 975 | 964,723 | ||||||||||
ION Trading Finance Limited, 2021 Term Loan, 03/25/28(f) | 684 | 683,145 | ||||||||||
|
| |||||||||||
2,205,780 | ||||||||||||
Wireless Telecommunication Services — 1.4% | ||||||||||||
SBA Senior Finance II LLC, 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 1.86%, 04/11/25 | 3,404 | 3,361,221 | ||||||||||
Xplornet Communications, Inc., 2020 Term Loan B, (1 mo. LIBOR + 4.75%), 4.86%, 06/10/27 | 3,615 | 3,612,410 | ||||||||||
|
| |||||||||||
6,973,631 | ||||||||||||
|
| |||||||||||
Total Floating Rate Loan Interests — 140.2% |
| 688,737,819 | ||||||||||
|
| |||||||||||
Shares | ||||||||||||
Investment Companies | ||||||||||||
Fixed Income Funds — 3.3% | ||||||||||||
Invesco Senior Loan ETF | 218,000 | 4,824,340 |
10 |
Schedule of Investments (unaudited) (continued) March 31, 2021 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Fixed Income Funds (continued) | ||||||||
iShares iBoxx $ High Yield Corporate Bond ETF(h) | 96,000 | $ | 8,369,280 | |||||
iShares iBoxx $ Investment Grade Corporate Bond ETF(h) | 24,000 | 3,121,200 | ||||||
|
| |||||||
16,314,820 | ||||||||
|
| |||||||
Total Investment Companies — 3.3% |
| 16,314,820 | ||||||
|
| |||||||
Benefical Interest (000) | ||||||||
Other Interests | ||||||||
IT Services(b) — 0.0% | ||||||||
Millennium Corp | USD 1,607 | — | ||||||
Millennium Lender Claims | 1,508 | — | ||||||
|
| |||||||
Total Other Interests — 0.0% |
| — | ||||||
|
| |||||||
Shares | ||||||||
Warrants | ||||||||
Oil, Gas & Consumable Fuels — 0.0% | ||||||||
California Resources Corp. (Expires 10/27/24)(a) | 999 | 4,546 | ||||||
|
| |||||||
Total Warrants — 0.0% |
| 4,546 | ||||||
|
| |||||||
Total Investments — 149.9% |
| 736,892,059 | ||||||
Liabilities in Excess of Other Assets — (49.9)% |
| (245,464,849 | ) | |||||
|
| |||||||
Net Assets — 100.0% |
| $ | 491,427,210 | |||||
|
|
(a) | Non-income producing security. |
(b) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(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) | Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. |
(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) | 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) | Amount is less than 500. |
(h) | Affiliate of the Fund. |
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.
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended March 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 12/31/20 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 03/31/21 | Shares Held at 03/31/21 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
iShares iBoxx $ High Yield Corporate Bond ETF | $ | 8,380,800 | $ | — | $ | — | $ | — | $ | (11,520 | ) | $ | 8,369,280 | 96,000 | $ | 60,008 | $ | — | ||||||||||||||||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | 3,315,120 | — | — | — | (193,920 | ) | 3,121,200 | 24,000 | 12,875 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | — | $ | (205,440 | ) | $ | 11,490,480 | $ | 72,883 | $ | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
SCHEDULE OF INVESTMENTS | 11 |
Schedule of Investments (unaudited) (continued) March 31, 2021 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) |
Derivative Financial Instruments Outstanding as of Period End
Forward Foreign Currency Exchange Contracts
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
USD | 4,492,770 | EUR | 3,763,000 | State Street Bank and Trust Co. | 06/16/21 | $ | 73,293 | |||||||||||||
USD | 2,678,655 | GBP | 1,917,000 | Westpac Banking Corp. | 06/16/21 | 35,312 | ||||||||||||||
|
| |||||||||||||||||||
$ | 108,605 | |||||||||||||||||||
|
|
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); and |
• | 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). |
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 table summarizes the Fund’s investments categorized in the fair value 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 | ||||||||||||||||
Construction & Engineering | $ | 99,146 | $ | — | $ | — | $ | 99,146 | ||||||||
Diversified Financial Services | — | — | 3,098 | 3,098 | ||||||||||||
Energy Equipment & Services | — | — | 5,145 | 5,145 | ||||||||||||
Media | 206,370 | — | — | 206,370 | ||||||||||||
Metals & Mining | — | — | 732 | 732 | ||||||||||||
Oil, Gas & Consumable Fuels | 48,770 | — | — | 48,770 | ||||||||||||
Semiconductors & Semiconductor Equipment | 69,539 | — | — | 69,539 | ||||||||||||
Software | 1,850 | — | — | 1,850 | ||||||||||||
Specialty Retail | — | 254,716 | — | 254,716 | ||||||||||||
Corporate Bonds | — | 30,533,748 | 611,760 | 31,145,508 | ||||||||||||
Floating Rate Loan Interests | — | 651,391,970 | 37,345,849 | 688,737,819 | ||||||||||||
Investment Companies | 16,314,820 | — | — | 16,314,820 | ||||||||||||
Other Interests | — | — | — | — | ||||||||||||
Warrants | — | 4,546 | — | 4,546 | ||||||||||||
Liabilities | ||||||||||||||||
Unfunded Floating Rate Loan Interests(a) | — | (2,169 | ) | — | (2,169 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 16,740,495 | $ | 682,182,811 | $ | 37,966,584 | $ | 736,889,890 | |||||||||
|
|
|
|
|
|
|
|
12 |
Schedule of Investments (unaudited) (continued) March 31, 2021 | BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) |
Fair Value Hierarchy as of Period End (continued)
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Derivative Financial Instruments(b) | ||||||||||||||||
Assets | ||||||||||||||||
Foreign Currency Exchange Contracts. | $ | — | $ | 108,605 | $ | — | $ | 108,605 | ||||||||
|
|
|
|
|
|
|
|
(a) | Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment. |
(b) | Derivative financial instruments are forward foreign currency exchange contracts. 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, 2020 | $ | 55,840 | $ | 425,578 | $ | 31,919,645 | $ | — | (a) | $ | 32,401,063 | |||||||||
Transfers into Level 3 | — | — | 4,238,139 | — | 4,238,139 | |||||||||||||||
Transfers out of Level 3(b) | — | — | (10,315,721 | ) | — | (10,315,721 | ) | |||||||||||||
Accrued discounts/premiums | — | 6,074 | 13,073 | — | 19,147 | |||||||||||||||
Net realized gain (loss) | — | — | 40,469 | — | 40,469 | |||||||||||||||
Net change in unrealized appreciation (depreciation)(c) | (46,865 | ) | 182,206 | 487,540 | — | 622,881 | ||||||||||||||
Purchases | — | 4,920 | 14,470,247 | — | 14,475,167 | |||||||||||||||
Sales | — | (7,018 | ) | (3,507,543 | ) | — | (3,514,561 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Closing balance, as of March 31, 2021 | $ | 8,975 | $ | 611,760 | $ | 37,345,849 | $ | — | (a) | $ | 37,966,584 | |||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net change in unrealized appreciation (depreciation) on investments still held at March 31, 2021(c) | $ | (46,865 | ) | $ | 182,206 | $ | 526,359 | $ | — | $ | 661,700 | |||||||||
|
|
|
|
|
|
|
|
|
|
(a) | Rounds to less than $1. |
(b) | As of December 31, 2020, the Fund used significant unobservable inputs in determining the value of certain investments. As of March 31, 2021, 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 March 31, 2021 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 |
SCHEDULE OF INVESTMENTS | 13 |