Apollo Tactical Income Fund Inc. |
Consolidated Schedule of Investments |
March 31, 2024 (unaudited) |
| | Principal | | |
| | Amount ($) | | Value ($) |
| | | | |
Senior Loans - 115.1%(a) | | | |
AEROSPACE & DEFENSE - 2.5% | | | |
Peraton Corporation | | | |
First Lien Term Loan B, (1M SOFR + 3.75%, 0.75% Floor), 9.18%, 02/01/28(c) | 5,417,248 | | 5,422,774 |
| | | | |
AUTOMOTIVE - 1.6% | | | |
Champions Financing, Inc. | | | |
First Lien Term Loan B, (3M SOFR + 4.75%, 0.00% Floor), 10.07%, 02/23/29(c) | 2,250,000 | | 2,261,250 |
Truck-Lite Co., LLC | | | |
First Lien Revolving Term Loan, (3M SOFR + 5.75%, 0.75% Floor), 11.06%, 02/13/30(c)(d) | 4,444 | | 4,344 |
First Lien Term Loan, (3M SOFR + 5.75%, 0.75% Floor), 11.06%, 02/13/31(c)(d) | 1,233,333 | | 1,205,583 |
| | | | 3,471,177 |
BANKING, FINANCE, INSURANCE & REAL ESTATE - 12.6% | | | |
Asurion, LLC | | | |
Second Lien Term Loan B4, (1M SOFR + 5.25%, 0.00% Floor), 10.69%, 01/20/29(c) | 2,885,398 | | 2,595,285 |
Higginbotham Insurance Agency, Inc. | | | |
First Lien First AMD Delayed Draw Term Loan, (1M SOFR + 5.50%, 1.00% Floor), 10.93%, 11/24/28(c)(d) | 248,919 | | 248,919 |
First Lien Term Loan, (1M SOFR + 5.50%, 1.00% Floor), 10.93%, 11/24/28(c)(d) | 853,749 | | 853,749 |
First Lien Third AMD Delayed Draw Term Loan, (1M SOFR + 5.50%, 1.00% Floor), 10.93%, 11/24/28(c)(d) | 885,187 | | 885,187 |
Howden Group Holdings Ltd (United Kingdom) | | | |
First Lien Term Loan B, (1M SOFR + 3.50%, 0.50% Floor), 8.83%, 02/15/31(c)(e) | 4,750,000 | | 4,758,906 |
Insight XI Aggregator, L.P. (Cayman Islands) | | | |
First Lien Term Loan, (4.35% PIK), (1M SOFR + 3.85%, 0.00% Floor), 9.18%, 08/28/24(c)(d)(e)(f) | 1,997,855 | | 1,997,855 |
Mercury Borrower, Inc. | | | |
First Lien Term Loan, (1M SOFR + 3.50%, 0.50% Floor), 8.94%, 08/02/28(c) | 3,989,534 | | 3,980,058 |
Redfin Corporation | | | |
First Lien Term Loan, (6M SOFR + 5.75%, 1.50% Floor), 11.24%, 10/20/28(c)(d) | 1,741,250 | | 1,689,013 |
SG Acquisition, Inc. | | | |
First Lien Incremental Term Loan, (3M SOFR + 6.00%, 0.50% Floor), 11.31%, 01/27/27(c)(d) | 3,819,787 | | 3,762,490 |
First Lien Term Loan, (3M SOFR + 6.00%, 0.50% Floor), 11.31%, 01/27/27(c)(d) | 423,404 | | 417,053 |
Stretto, Inc. | | | |
First Lien Term Loan, (3M SOFR + 6.00%, 1.00% Floor), 11.31%, 10/13/28(c)(d) | 6,000,000 | | 5,925,000 |
| | | | 27,113,515 |
BEVERAGE, FOOD & TOBACCO - 0.9% | | | |
Ultimate Baked Goods Midco LLC | | | |
First Lien Term Loan L, (1M SOFR + 6.25%, 1.00% Floor), 11.68%, 08/13/27(c)(d) | 2,005,196 | | 2,002,990 |
| | | | |
CAPITAL EQUIPMENT - 4.5% | | | |
Cube Industrials Buyer, Inc. | | | |
First Lien Term Loan, (3M SOFR + 6.00%, 1.00% Floor), 11.30%, 10/18/30(c)(d) | 3,586,207 | | 3,541,379 |
Husky Technologies Limited (Canada) | | | |
First Lien Term Loan B, (SOFR + 5.00%, 0.00% Floor), 5.50%, 01/31/29(b)(c)(e) | 3,675,343 | | 3,689,511 |
JPW Industries Holding Corporation | | | |
First Lien Term Loan, (3M SOFR + 5.88%, 2.00% Floor), 11.20%, 11/22/28(c)(d) | 2,493,750 | | 2,431,406 |
| | | | 9,662,296 |
CHEMICALS, PLASTICS, & RUBBER - 5.1% | | | |
LSF11 A5 Holdco LLC | | | |
First Lien Term Loan, (1M SOFR + 4.25%, 0.50% Floor), 9.68%, 10/15/28(c) | 5,892,322 | | 5,909,262 |
Luxembourg Investment Company 437 SARL (Luxembourg) | | | |
First Lien Term Loan, (2.00% PIK), (1M SOFR + 10.00%, 1.00% Floor), 15.65%, 04/30/24(c)(d)(f) | 815,421 | | 407,710 |
First Lien Term Loan B, (6M SOFR + 5.00%, 0.50% Floor), 0.00%, 01/03/29(c)(e)(g)(j) | 4,719,027 | | 1,334,801 |
Olympus Water US Holding Corporation | | | |
First Lien Term Loan B, (3M SOFR + 4.25%, 0.50% Floor), 9.57%, 11/09/28(c) | 1,899,467 | | 1,907,787 |
W.R. Grace Holdings, LLC | | | |
First Lien Term Loan B, (3M SOFR + 3.75%, 0.50% Floor), 9.32%, 09/22/28(c) | 1,417,606 | | 1,421,887 |
| | | | 10,981,447 |
| | | | |
Apollo Tactical Income Fund Inc. |
Consolidated Schedule of Investments (continued) |
March 31, 2024 (unaudited) |
| | Principal | | |
| | Amount ($) | | Value ($) |
| | | |
Senior Loans - 115.1%(a) (continued) | | | |
CONSTRUCTION & BUILDING - 0.9% | | | |
Foundation Building Materials, Inc. | | | |
First Lien Term Loan B2, (3M SOFR + 4.00%, 0.00% Floor), 9.31%, 01/29/31(c) | 2,000,000 | | 2,010,880 |
| | | | |
CONSUMER GOODS: DURABLE - 0.6% | | | |
Poly-Wood, LLC | | | |
First Lien Term Loan, (3M SOFR + 5.75%, 1.00% Floor), 11.08%, 03/20/30(c)(d) | 727,273 | | 710,909 |
Varsity Brands Holding Co., Inc. | | | |
First Lien Term Loan, (1M SOFR + 5.00%, 1.00% Floor), 10.44%, 12/15/26(b)(c) | 597,633 | | 600,994 |
| | | 1,311,903 |
| | | | |
CONSUMER GOODS: NON-DURABLE - 4.4% | | | |
ABG Intermediate Holdings 2 LLC | | | |
First Lien Term Loan, (1M SOFR + 3.50%, 0.50% Floor), 8.93%, 12/21/28(c) | 1,500,088 | | 1,507,589 |
Amer Sports Company (Finland) | | | |
First Lien Term Loan B, (3M SOFR + 3.25%, 0.00% Floor), 8.58%, 02/17/31(c)(e) | 705,882 | | 707,647 |
Iconix Brand Group | | | |
First Lien Term Loan, (3M SOFR + 6.00%, 1.00% Floor), 11.46%, 08/22/29(c)(d) | 1,776,923 | | 1,759,154 |
First Lien Incremental Term Loan, (3M SOFR + 6.00%, 1.00% Floor), 11.46%, 08/22/29(c)(d) | 815,761 | | 807,603 |
KDC/ONE Development Corporation, Inc. (Canada) | | | |
First Lien Term Loan, (1M SOFR + 5.00%, 0.00% Floor), 10.33%, 08/15/28(c)(e) | 2,827,596 | | 2,836,433 |
Protein For Pets Opco, LLC | | | |
First Lien Term Loan, (1M SOFR + 5.25%, 1.00% Floor), 10.57%, 09/22/30(c)(d) | 905,660 | | 887,547 |
The Men's Wearhouse, LLC | | | |
First Lien Term Loan, (3M SOFR + 6.50%, 0.00% Floor), 11.82%, 02/26/29(c) | 1,000,000 | | 995,000 |
| | | | 9,500,973 |
| | | | |
CONTAINERS, PACKAGING & GLASS - 4.1% | | | |
Anchor Glass Container Corporation | | | |
First Lien Term Loan, (3.75% PIK), (3M/6M SOFR + 5.00%, 1.00% Floor), 10.82%, 12/07/25(c)(f) | 5,655,297 | | 4,789,330 |
LABL, Inc. | | | |
First Lien Term Loan, (1M SOFR + 5.00%, 0.50% Floor), 10.43%, 10/29/28(c) | 1,989,822 | | 1,953,070 |
Trident TPI Holdings, Inc. | | | |
First Lien Incremental Term Loan, (3M SOFR + 5.25%, 0.50% Floor), 10.56%, 09/15/28(c) | 1,975,000 | | 1,985,586 |
| | | | 8,727,986 |
ENVIRONMENTAL INDUSTRIES - 2.7% | | | |
Heritage Environmental Services, Inc. | | | |
First Lien Term Loan, (3M SOFR + 5.50%, 0.75% Floor), 10.81%, 01/31/31(c)(d) | 879,121 | | 865,934 |
LTR Intermediate Holdings, Inc. | | | |
First Lien Term Loan, (1M SOFR + 4.50%, 1.00% Floor), 9.94%, 05/05/28(c) | 5,224,764 | | 4,919,977 |
| | | | 5,785,911 |
HEALTHCARE & PHARMACEUTICALS - 23.8% | | | |
Advarra Holdings, Inc. | | | |
First Lien Term Loan, (1M SOFR + 5.25%, 0.75% Floor), 10.58%, 08/24/29(c)(d) | 6,339,601 | | 6,371,299 |
Allied Benefit Systems Intermediate LLC | | | |
First Lien Term Loan, (1M SOFR + 5.25%, 0.75% Floor), 10.58%, 10/31/30(c)(d) | 2,536,082 | | 2,529,742 |
Athenahealth, Inc. | | | |
First Lien Term Loan B, (1M SOFR + 3.25%, 0.50% Floor), 8.58%, 02/15/29(c) | 4,001,619 | | 3,973,808 |
Azurity Pharmaceuticals, Inc. | | | |
First Lien Term Loan B, (1M SOFR + 6.62%, 0.75% Floor), 12.06%, 09/20/27(c) | 3,324,791 | | 3,324,791 |
| | | | |
Apollo Tactical Income Fund Inc. |
Consolidated Schedule of Investments (continued) |
March 31, 2024 (unaudited) |
| | Principal | | |
| | Amount ($) | | Value ($) |
| | | |
Senior Loans - 115.1%(a) (continued) | | | |
HEALTHCARE & PHARMACEUTICALS - 23.8% (continued) | | | |
Bausch Health Companies, Inc. | | | |
First Lien Term Loan B, (1M SOFR + 5.25%, 0.50% Floor), 10.68%, 02/01/27(c) | 3,469,096 | | 2,724,333 |
Gainwell Acquisition Corporation | | | |
First Lien Term Loan B, (3M SOFR + 4.00%, 0.75% Floor), 9.41%, 10/01/27(c) | 8,454,648 | | 8,102,723 |
Gateway US Holdings, Inc. | | | |
First Lien Delayed Draw Term Loan, (3M SOFR + 6.00%, 0.75% Floor), 11.45%, 09/22/26(c)(d) | 145,135 | | 145,135 |
First Lien Eighth AMD Delayed Draw, (3M SOFR + 6.00%, 0.75% Floor), 11.45%, 09/22/26(c)(d) | 639,089 | | 639,089 |
First Lien Term Loan, (3M SOFR + 6.00%, 0.75% Floor), 11.45%, 09/22/26(c)(d) | 2,781,932 | | 2,781,932 |
Inovalon Holdings, Inc. | | | |
First Lien Delayed Draw Term Loan, (3M SOFR + 3.50%, 0.75% Floor), 9.06%, 11/24/28(c)(d) | 309,199 | | 308,426 |
First Lien Term Loan, (2.75% PIK), (3M SOFR + 6.25%, 0.75% Floor), 11.84%, 11/24/28(c)(d)(f) | 6,564,283 | | 6,482,230 |
Second Lien Term Loan, (16.07% PIK), (3M SOFR + 10.50%, 0.75% Floor), 16.07%, 11/25/33(c)(d)(f) | 135,848 | | 133,131 |
Medical Solutions Holdings, Inc. | | | |
First Lien Term Loan, (1M SOFR + 3.25%, 0.50% Floor), 8.68%, 11/01/28(c) | 2,601,544 | | 2,327,302 |
OMH-Healthedge Holdings, Inc. | | | |
First Lien Term Loan, (6M SOFR + 6.00%, 1.00% Floor), 11.23%, 10/08/29(c)(d) | 4,511,278 | | 4,443,609 |
Tivity Health, Inc. | | | |
First Lien Term Loan, (3M SOFR + 6.00%, 0.75% Floor), 11.31%, 06/28/29(c)(d) | 4,925,000 | | 4,925,000 |
Zest Acquisition Corp. | | | |
First Lien Term Loan, (1M SOFR + 5.50%, 0.00% Floor), 10.83%, 02/08/28(c) | 1,975,000 | | 1,967,594 |
| | | | 51,180,144 |
HIGH TECH INDUSTRIES - 18.4% | | | |
Anaplan, Inc. | | | |
First Lien Term Loan, (3M SOFR + 6.50%, 0.75% Floor), 11.81%, 06/21/29(c)(d) | 5,650,529 | | 5,707,034 |
Avalara, Inc. | | | |
First Lien Term Loan, (3M SOFR + 7.25%, 0.75% Floor), 12.56%, 10/19/28(c)(d) | 4,545,455 | | 4,579,546 |
Crewline Buyer, Inc. | | | |
First Lien Term Loan, (3M SOFR + 6.75%, 1.00% Floor), 12.06%, 11/08/30(c)(d) | 1,811,321 | | 1,784,151 |
DCert Buyer, Inc. | | | |
First Lien Term Loan, (1M SOFR + 4.00%, 0.00% Floor), 9.33%, 10/16/26(c) | 4,102,105 | | 4,088,137 |
Second Lien Term Loan, (1M SOFR + 7.00%, 0.00% Floor), 12.33%, 02/19/29(c) | 3,933,068 | | 3,572,012 |
Electronics for Imaging, Inc. | | | |
First Lien Term Loan, (3M SOFR + 5.00%, 0.00% Floor), 10.41%, 07/23/26(c) | 975,814 | | 743,249 |
Evergreen IX Borrower 2023, LLC | | | |
First Lien Term Loan, (3M SOFR + 6.00%, 0.75% Floor), 11.31%, 09/30/30(c)(d) | 3,593,478 | | 3,548,560 |
Greeneden US Holdings II, LLC | | | |
First Lien Term Loan, (1M SOFR + 3.75%, 0.75% Floor), 9.19%, 12/01/27(c) | 1,000,000 | | 1,005,005 |
Imprivata, Inc. | | | |
First Lien Term Loan, (3M SOFR + 3.75%, 0.50% Floor), 9.32%, 12/01/27(c) | 488,665 | | 490,534 |
Second Lien Term Loan, (3M SOFR + 6.25%, 0.50% Floor), 11.56%, 12/01/28(c) | 2,205,882 | | 2,117,647 |
IQN Holding Corp. | | | |
First Lien Term Loan, (3M SOFR + 5.25%, 0.75% Floor), 10.59%, 05/02/29(c)(d) | 4,038,201 | | 4,038,201 |
Riverbed Technology, Inc. | | | |
First Lien Term Loan, (2.00% PIK), (3M SOFR + 4.50%, 1.00% Floor), 9.81%, 07/01/28(c)(f) | 306,228 | | 200,562 |
UKG, Inc. | | | |
First Lien Term Loan B, (3M SOFR + 3.50%, 0.00% Floor), 8.81%, 02/10/31(c) | 1,994,792 | | 2,007,568 |
Virtusa Corporation | | | |
First Lien Term Loan, (1M SOFR + 3.75%, 0.75% Floor), 9.18%, 02/15/29(c) | 2,721,970 | | 2,730,476 |
Zendesk, Inc. | | | |
First Lien Term Loan, (3.25% PIK), (3M SOFR + 6.25%, 0.75% Floor), 11.57%, 11/22/28(c)(d)(f) | 3,033,537 | | 3,033,537 |
| | | | 39,646,219 |
| | | | |
Apollo Tactical Income Fund Inc. |
Consolidated Schedule of Investments (continued) |
March 31, 2024 (unaudited) |
| | Principal | | |
| | Amount ($) | | Value ($) |
| | | |
Senior Loans - 115.1%(a) (continued) | | | |
MEDIA: ADVERTISING, PRINTING & PUBLISHING - 9.6% | | | |
Accelerate360 Holdings, LLC | | | |
First Lien Revolving Term Loan, (3M SOFR + 6.00%, 1.00% Floor), 11.59%, 02/04/27(c)(d) | 1,017,747 | | 1,017,747 |
First Lien Term Loan, (3M SOFR + 6.00%, 1.00% Floor), 11.59%, 02/04/27(c)(d) | 3,748,349 | | 3,748,349 |
Associations Inc. | | | |
First Lien 4th Incremental Term Loan, (2.50% PIK), (3M SOFR + 6.50%, 1.00% Floor), 12.06%, 07/02/27(c)(d)(f) | 361,404 | | 361,405 |
First Lien Term Loan, (2.50% PIK), (3M SOFR + 6.50%, 1.00% Floor), 12.09%, 07/02/27(c)(d)(f) | 3,128,585 | | 3,128,585 |
Houghton Mifflin Harcourt Company | | | |
First Lien Term Loan B, (1M SOFR + 5.25%, 0.50% Floor), 10.68%, 04/09/29(c) | 4,117,872 | | 4,092,135 |
McGraw-Hill Education, Inc. | | | |
First Lien Term Loan, (1M SOFR + 4.75%, 0.50% Floor), 10.19%, 07/28/28(c) | 5,239,296 | | 5,255,197 |
R. R. Donnelley & Sons Company | | | |
First Lien Term Loan B, (1M SOFR + 5.00%, 0.75% Floor), 10.43%, 03/28/26(c)(d) | 3,089,478 | | 3,043,136 |
| | | | 20,646,554 |
MEDIA: BROADCASTING & SUBSCRIPTION - 1.6% | | | |
Anuvu Holdings 2, LLC | | | |
First Lien Term Loan, (3M SOFR + 8.00%, 1.00% Floor), 13.41%, 03/24/25(c) | 2,346,207 | | 2,123,317 |
First Lien Term Loan, (8.25% PIK), (3M SOFR + 8.25%, 1.00% Floor), 13.66%, 03/23/26(c)(d)(f) | 2,127,425 | | 1,361,552 |
| | | | 3,484,869 |
RETAIL - 2.9% | | | |
Claire's Stores, Inc. | | | |
First Lien Term Loan B, (1M SOFR + 6.50%, 0.00% Floor), 11.93%, 12/18/26(c) | 2,003,020 | | 1,908,878 |
PetSmart, Inc. | | | |
First Lien Term Loan, (1M SOFR + 3.75%, 0.75% Floor), 9.18%, 02/11/28(c) | 4,351,217 | | 4,346,691 |
| | | | 6,255,569 |
SERVICES: BUSINESS - 8.1% | | | |
Advantage Sales & Marketing Inc. | | | |
First Lien Term Loan B1, (3M SOFR + 4.50%, 0.75% Floor), 10.09%, 10/28/27(c) | 1,352,135 | | 1,356,456 |
BDO USA, P.A. | | | |
First Lien Term Loan, (1M SOFR + 6.00%, 2.00% Floor), 11.33%, 08/31/28(c)(d) | 3,980,000 | | 3,905,972 |
Carestream Health, Inc. | | | |
First Lien Term Loan, (3M SOFR + 7.50%, 1.00% Floor), 12.91%, 09/30/27(c) | 54,257 | | 46,847 |
Coretrust Purchasing Group LLC | | | |
First Lien Term Loan, (1M SOFR + 6.50%, 0.75% Floor), 11.83%, 10/01/29(c)(d) | 2,294,267 | | 2,236,910 |
eResearchTechnology, Inc. | | | |
First Lien Term Loan B, (1M SOFR + 4.50%, 1.00% Floor), 9.94%, 02/04/27(c) | 2,987,868 | | 3,000,268 |
Solera, LLC | | | |
First Lien Term Loan B, (3M SOFR + 4.00%, 0.50% Floor), 9.57%, 06/02/28(c) | 2,795,648 | | 2,771,843 |
Second Lien Term Loan, (3M SOFR + 9.00%, 1.00% Floor), 14.44%, 06/04/29(c) | 2,716,678 | | 2,718,376 |
Wellsky | | | |
First Lien Term Loan, (1M SOFR + 3.50%, 0.00% Floor), 8.94%, 03/10/28(c) | 1,500,000 | | 1,503,750 |
| | | | 17,540,422 |
SERVICES: CONSUMER - 4.2% | | | |
Excelligence Learning Corporation | | | |
First Lien Revolving Term Loan, (1M SOFR + 5.75%, 1.00% Floor), 10.85%, 01/18/30(c)(d) | 166,163 | | 162,840 |
First Lien Term Loan, (3M SOFR + 5.75%, 1.00% Floor), 11.08%, 01/18/30(c)(d) | 3,452,055 | | 3,383,014 |
Mavis Tire Express Services Corporation | | | |
First Lien Term Loan B, (1M SOFR + 3.75%, 0.75% Floor), 9.08%, 05/04/28(c) | 5,558,150 | | 5,573,935 |
| | | | 9,119,789 |
TELECOMMUNICATIONS - 5.3% | | | |
CommScope, Inc. | | | |
First Lien Term Loan B, (1M SOFR + 3.25%, 0.00% Floor), 8.69%, 04/06/26(c) | 2,747,430 | | 2,486,424 |
Flight Bidco, Inc. | | | |
First Lien Term Loan, (1M SOFR + 3.50%, 0.00% Floor), 8.94%, 07/23/25(c) | 2,353,027 | | 2,323,614 |
| | | | |
Apollo Tactical Income Fund Inc. |
Consolidated Schedule of Investments (continued) |
March 31, 2024 (unaudited) |
| | Principal | | |
| | Amount ($) | | Value ($) |
| | | |
Senior Loans - 115.1%(a) (continued) | | | |
TELECOMMUNICATIONS - 5.3% (continued) | | | |
MLN US Holdco LLC | | | |
First Lien Second Out Term Loan, (3M SOFR + 6.70%, 1.00% Floor), 12.11%, 10/18/27(c)(d) | 2,284,497 | | 1,610,570 |
First Lien Term Loan, (3M SOFR + 6.44%, 1.00% Floor), 11.85%, 10/18/27(c)(d) | 382,882 | | 359,909 |
U.S. TelePacific Corp. | | | |
First Lien Term Loan, (6.00% PIK), (3M SOFR + 7.00%, 1.00% Floor), 12.53%, 05/02/26(c)(f) | 3,338,804 | | 1,262,563 |
Third Lien Term Loan, 0.00%, 05/02/27(c)(d)(j) | 319,086 | | – |
Zacapa SARL (Luxembourg) | | | |
First Lien Term Loan, (3M SOFR + 4.00%, 0.50% Floor), 9.31%, 03/22/29(c)(e) | 2,739,744 | | 2,743,922 |
Zayo Group Holdings, Inc. | | | |
First Lien Term Loan, (1M SOFR + 4.33%, 0.50% Floor), 9.66%, 03/09/27(c) | 608,952 | | 547,831 |
| | | | 11,334,833 |
TRANSPORTATION: CARGO - 0.8% | | | |
Channelside AcquisitionCo, Inc. | | | |
First Lien Revolving Term Loan, (Prime + 5.75%, 1.00% Floor), 14.25%, 07/01/26(c)(d) | 46,296 | | 45,833 |
First Lien Term Loan, (1M SOFR + 6.75%, 1.00% Floor), 12.07%, 06/30/28(c)(d) | 1,784,543 | | 1,766,697 |
| | | | 1,812,530 |
WHOLESALE - 0.5% | | | |
LBM Acquisition, LLC | | | |
First Lien Term Loan B, (1M SOFR + 3.75%, 0.75% Floor), 9.18%, 12/17/27(c) | 988,353 | | 987,859 |
Total Senior Loans | | | |
(Cost $255,716,382) | | | 248,000,640 |
| | | |
Corporate Notes and Bonds - 23.8% | | | |
AEROSPACE & DEFENSE - 1.0% | | | |
Transdigm, Inc. | | | |
7.13%, 12/01/31(h)(i) | 2,000,000 | | 2,061,250 |
| | | | |
AUTOMOTIVE - 1.4% | | | |
Carvana Co. | | | |
(12.00% PIK), 12.00%, 12/01/28(f)(h)(i) | 1,231,385 | | 1,187,671 |
(13.00% PIK), 13.00%, 06/01/30(f)(h)(i) | 685,355 | | 662,043 |
(14.00% PIK), 14.00%, 06/01/31(f)(h)(i) | 1,122,930 | | 1,110,734 |
| | | | 2,960,448 |
BANKING, FINANCE, INSURANCE & REAL ESTATE - 1.6% | | | |
Alliant Holdings Intermediate, LLC | | | |
5.88%, 11/01/29(h)(i) | 3,400,000 | | 3,166,063 |
KCF Puerto Rico, LLC (Puerto Rico) | | | |
0.00%, 06/28/28(d)(e)(j)(o) | 814,642 | | 292,274 |
| | | | 3,458,337 |
CHEMICALS, PLASTICS, & RUBBER - 0.9% | | | |
W.R. Grace Holdings, LLC | | | |
4.88%, 06/15/27(h)(i) | 2,000,000 | | 1,902,500 |
| | | | |
CONSUMER GOODS: DURABLE - 1.6% | | | |
Varsity Brands Holding Co., Inc. | | | |
(3M SOFR + 6.50%, 1.00% Floor), 11.80%, 12/15/26(d)(i) | 3,500,000 | | 3,473,750 |
| | | | |
ENERGY: OIL & GAS - 2.1% | | | |
Moss Creek Resources Holdings, Inc. | | | |
7.50%, 01/15/26(h)(i) | 1,433,000 | | 1,432,105 |
Venture Global LNG, Inc. | | | |
8.13%, 06/01/28(h)(i) | 3,000,000 | | 3,063,750 |
| | | | 4,495,855 |
| | | | |
Apollo Tactical Income Fund Inc. |
Consolidated Schedule of Investments (continued) |
March 31, 2024 (unaudited) |
| | Principal | | |
| | Amount ($) | | Value ($) |
| | | |
Corporate Notes and Bonds - 23.8% (continued) | | | |
FOREST PRODUCTS & PAPER - 0.6% | | | |
Spa US Holdco, Inc. (Finland) | | | |
4.88%, 02/04/28(e)(h)(i) | 1,500,000 | | 1,387,630 |
| | | | |
HEALTHCARE & PHARMACEUTICALS - 1.1% | | | |
Bausch Health Companies, Inc. | | | |
5.50%, 11/01/25(h)(i) | 500,000 | | 471,875 |
CHS/Community Health Systems, Inc. | | | |
5.63%, 03/15/27(h)(i) | 1,000,000 | | 920,630 |
Embecta Corp. | | | |
5.00%, 02/15/30(h)(i) | 1,063,000 | | 867,525 |
| | | | 2,260,030 |
HIGH TECH INDUSTRIES - 3.1% | | | |
Austin BidCo Inc. | | | |
7.13%, 12/15/28(h)(i) | 2,000,000 | | 1,807,083 |
Wolfspeed, Inc. | | | |
9.88%, 06/23/30(d)(h)(i) | 5,000,000 | | 4,847,500 |
| | | | 6,654,583 |
HOTEL, GAMING & LEISURE - 2.1% | | | |
CDI Escrow Issuer, Inc. | | | |
5.75%, 04/01/30(h)(i) | 2,000,000 | | 1,931,250 |
6.75%, 05/01/31(h)(i) | 2,500,000 | | 2,518,750 |
| | | | 4,450,000 |
MEDIA: ADVERTISING, PRINTING & PUBLISHING - 0.9% | | | |
Outfront Media Capital, LLC | | | |
5.00%, 08/15/27(h)(i) | 2,000,000 | | 1,926,250 |
| | | | |
METALS & MINING - 0.0% | | | |
ERP Iron Ore, LLC | | | |
LIBOR + 8.00%, 0.00% 12/31/19(d)(g)(j) | 86,775 | | – |
Magnetation, LLC / Mag Finance Corp. | | | |
0.00%, 05/15/18(d)(g)(h)(i)(j) | 2,937,000 | | – |
| | | | – |
RETAIL - 2.8% | | | |
EG Group Limited (United Kingdom) | | | |
(3.75% PIK), (SOFR + 7.50%, 0.50% Floor), 12.87%, 11/30/28(d)(e)(f)(i) | 3,035,278 | | 3,027,690 |
12.00%, 11/30/28(e)(h)(i) | 976,000 | | 1,037,014 |
PetSmart, Inc. | | | |
7.75%, 02/15/29(h)(i) | 2,000,000 | | 1,945,000 |
| | | | 6,009,704 |
SERVICES: BUSINESS - 2.0% | | | |
Advantage Sales & Marketing Inc. | | | |
6.50%, 11/15/28(h)(i) | 2,683,000 | | 2,531,974 |
Allied Universal Holdco LLC | | | |
4.63%, 06/01/28(h)(i) | 2,000,000 | | 1,818,163 |
| | | | 4,350,137 |
SERVICES: CONSUMER - 1.1% | | | |
Mavis Tire Express Services Corporation | | | |
6.50%, 05/15/29(h)(i) | 2,405,000 | | 2,296,274 |
| | | | |
TELECOMMUNICATIONS - 0.9% | | | |
Frontier Communications Holdings, LLC | | | |
8.63%, 03/15/31(h)(i) | 2,000,000 | | 2,045,000 |
| | | | |
Apollo Tactical Income Fund Inc. |
Consolidated Schedule of Investments (continued) |
March 31, 2024 (unaudited) |
| | Principal | | |
| | Amount ($) | | Value ($) |
| | | |
Corporate Notes and Bonds - 23.8% (continued) | | | |
WHOLESALE - 0.6% | | | |
LBM Acquisition, LLC | | | |
6.25%, 01/15/29(h)(i) | 1,344,000 | | 1,261,680 |
Total Corporate Notes and Bonds | | | |
(Cost $51,585,890) | | | 50,993,428 |
| | | |
Convertible Bonds - 0.9% | | | |
HOTEL, GAMING & LEISURE - 0.9% | | | |
Peloton Interactive, Inc. | | | |
0.00%, 02/15/26(h)(j) | 2,347,000 | | 1,986,149 |
Total Convertible Bonds | | | |
(Cost $1,976,440) | | | 1,986,149 |
| | | |
Structured Products - 11.3%(m) | | | |
Basswood Park CLO Ltd (Cayman Islands) | | | |
2021-1, Class E 11.73%, 04/20/34(e)(i)(n) | 2,000,000 | | 1,976,439 |
Churchill Middle Market CLO, Ltd. (Cayman Islands) | | | |
2021-1A E, Class E 13.74%, 10/24/33(e)(i)(n) | 4,000,000 | | 3,986,032 |
Fortress Credit BSL CLO, Ltd. (Cayman Islands) | | | |
2021-3 Class E 12.64%, 07/20/34(e)(i)(n) | 3,000,000 | | 3,000,024 |
Fortress Credit Opportunities CLO, Ltd. (Cayman Islands) | | | |
2018-11A, Class E 12.73%, 04/15/31(e)(i)(n) | 4,000,000 | | 3,895,288 |
Franklin Park Place CLO, Ltd. (Cayman Islands) | | | |
2022-1A, Class E 12.81%, 04/14/35(e)(i)(n) | 2,000,000 | | 1,930,496 |
Golub Capital Partners CLO, Ltd. (Cayman Islands) | | | |
2021-55A, Class E 12.14%, 07/20/34(e)(i)(n) | 2,000,000 | | 1,972,852 |
KKR Financial CLO, Ltd. (Cayman Islands) | | | |
2017, Class ER 12.97%, 04/15/34(e)(i)(n) | 2,750,000 | | 2,724,494 |
TIAA Churchill Middle Market CLO, Ltd. (Cayman Islands) | | | |
2016-1A, Class ER 13.55%, 10/20/30(e)(i)(n) | 5,000,000 | | 4,886,500 |
Total Structured Products | | | |
(Cost $24,361,272) | | | 24,372,125 |
| | Quantity | | Value ($) |
| | Quantity | | Value ($) |
| | | | |
Common Stocks - 0.2% | | | |
AUTOMOTIVE - 0.0% | | | |
APC Parent, Inc.(d)(j)(o) | 241,972 | | – |
| | | | |
ENERGY: OIL & GAS - 0.0% | | | |
RDV Resources, Inc.(d)(j)(o) | 7,743 | | 3,647 |
| | | | |
MEDIA: ADVERTISING, PRINTING & PUBLISHING - 0.0% | | | |
Acosta, Inc.(d)(j)(o) | 3,133 | | 36,180 |
| | | | |
MEDIA: BROADCASTING & SUBSCRIPTION - 0.0% | | | |
Anuvu Corp.(d)(j)(o) | 102,608 | | – |
| | | | |
SERVICES: BUSINESS - 0.2% | | | |
Carestream Health, Inc.(d)(j)(o) | 55,323 | | 464,160 |
Total Common Stocks | | | |
(Cost $3,197,792) | | | 503,987 |
| | | |
Apollo Tactical Income Fund Inc. |
Consolidated Schedule of Investments (continued) |
March 31, 2024 (unaudited) |
| | Quantity | | Value ($) |
| | | | |
Preferred Stock - 0.1% | | | |
MEDIA: ADVERTISING, PRINTING & PUBLISHING - 0.1% | | | |
Acosta, Inc., (14.50% PIK)(d)(f)(o) | 4,439 | | 222,215 |
Total Preferred Stock | | | |
(Cost $170,424) | | | 222,215 |
| | | | |
Partnership Interests - 0.0% | | | |
HIGH TECH INDUSTRIES - 0.0% | | | |
Vector Capitano Holdings, LP | | | |
Class B-1 (Cayman Islands)(d)(e)(j)(o) | 8,085 | | – |
Vector Capitano Holdings, LP | | | |
Class B-2 (Cayman Islands)(d)(e)(j)(o) | 6,295 | | – |
Total Partnership Interests | | | – |
(Cost $0) | | | |
| | | |
Total Investments - 151.4% | | | |
(Cost of $337,008,200) | | | 326,078,544 |
Other Assets & Liabilities, Net - 4.8% | | | 10,321,819 |
Loan Outstanding - (56.2)% (k)(l) | | | (120,995,601) |
Net Assets (Applicable to Common Shares) - 100.0% | | | 215,404,762 |