2 results
10-K
2023 FY
Tate Capital Co
27 Mar 24
Annual report
7:14pm
Portfolio Company(1) | Reference Rate and Spread(2) | Interest Rate(2) | Maturity Date | Par Amount/ Units(3) | Amortized Cost | Fair Value | Percentage of Net Assets | |||||||||||||||||
Construction & Building | ||||||||||||||||||||||||
Brand Industrial Services Inc. (12) | S+5.50% | 10.88 | % | 8/1/2030 | 1,995,000 | 1,918,230 | 1,980,756 | 0.89 | ||||||||||||||||
GeoStabilization International, LLC (12) | S+5.25% | 10.80 | % | 12/19/2028 | 2,000,000 | 1,980,493 | 1,985,000 | 0.90 | ||||||||||||||||
Oscar AcquisitionCo, LLC (12) | S+4.50% | 9.95 | % | 4/29/2029 | 1,738,072 | 1,691,987 | 1,718,518 | 0.78 | ||||||||||||||||
Recess Holdings, Inc. (5)(12) | S+4.00% | 9.39 | % | 3/29/2027 | 1,995,000 | 1,976,689 | 2,004,975 | 0.90 | ||||||||||||||||
Total Construction & Building | $ | 7,567,399 | $ | 7,689,249 | 3.47 | % | ||||||||||||||||||
Consumer Goods: Durable | ||||||||||||||||||||||||
Champ Acquisition Corporation (12) | S+5.50% | 11.11 | % | 12/19/2025 | 1,481,690 | 1,481,690 | 1,485,395 | 0.67 | ||||||||||||||||
Varsity Brands, Inc. (12) | S+5.00% | 10.47 | % | 12/15/2026 | 1,982,481 | 1,894,763 | 1,968,445 | 0.89 | ||||||||||||||||
Total Consumer Goods: Durable | $ | 3,376,453 | $ | 3,453,840 | 1.56 | % | ||||||||||||||||||
Consumer Goods: Non-Durable | ||||||||||||||||||||||||
American Greetings Corporation (12) | S+6.00% | 11.35 | % | 4/6/2028 | 1,481,269 | 1,457,513 | 1,483,743 | 0.67 | ||||||||||||||||
BCPE Empire Holdings, Inc. (12) | S+4.75% | 10.11 | % | 12/11/2028 | 3,980,000 | 3,959,431 | 3,986,965 | 1.80 | ||||||||||||||||
Gloves Buyer, Inc. (5)(12) | S+5.00% | 10.47 | % | 12/29/2027 | 1,995,000 | 1,923,179 | 1,960,088 | 0.88 | ||||||||||||||||
IBG Borrower LLC (5)(12) | S+6.00% | 11.50 | % | 8/22/2029 | 9,937,500 | 9,839,190 | 9,839,190 | 4.44 | ||||||||||||||||
Journey Personal Care Corp. (7) | S+4.25% | 9.72 | % | 3/1/2028 | 5,006,986 | 4,649,291 | 4,927,725 | 2.22 | ||||||||||||||||
KDC/one Development Corporation, Inc. (9)(12) | S+5.00% | 10.36 | % | 8/15/2028 | 4,000,000 | 3,885,951 | 3,954,000 | 1.78 | ||||||||||||||||
Kronos Acquisition Holdings Inc. (12) | S+6.00% | 11.54 | % | 12/22/2026 | 2,608,832 | 2,573,424 | 2,610,476 | 1.18 | ||||||||||||||||
Wellness Merger Sub, Inc. (12) | S+6.00% | 11.61 | % | 6/30/2026 | 3,925,000 | 3,726,426 | 3,840,769 | 1.73 | ||||||||||||||||
Total Consumer Goods: Non-Durable | $ | 32,014,405 | $ | 32,602,956 | 14.70 | % | ||||||||||||||||||
Containers, Packaging & Glass | ||||||||||||||||||||||||
Pretium Packaging, LLC (12) | S+5.00% | 10.39 | % | 10/2/2028 | 498,028 | 485,969 | 487,136 | 0.22 | ||||||||||||||||
Pretium Packaging, LLC | S+4.60% | 9.99 | % | 10/2/2028 | 1,860,170 | 1,656,502 | 1,444,738 | 0.65 | ||||||||||||||||
Tank Holding Corp. (5)(6)(12) | S+6.00% | 11.46 | % | 3/31/2028 | 1,635,981 | 530,856 | 480,337 | 0.22 | ||||||||||||||||
Tank Holding Corp. (5)(12) | S+5.75% | 11.21 | % | 3/31/2028 | 994,950 | 967,159 | 950,177 | 0.43 | ||||||||||||||||
Tank Holding Corp. (5)(12) | S+6.00% | 11.46 | % | 3/31/2028 | 3,791,852 | 3,701,274 | 3,630,698 | 1.64 | ||||||||||||||||
Total Containers, Packaging & Glass | $ | 7,341,760 | $ | 6,993,086 | 3.16 | % | ||||||||||||||||||
Energy: Electricity | ||||||||||||||||||||||||
Parkway Generation, LLC | S+4.75% | 10.39 | % | 2/18/2029 | 991,093 | 961,834 | 951,271 | 0.43 | ||||||||||||||||
Potomac Energy Center, LLC (5) | S+6.00% | 11.61 | % | 11/12/2026 | 12,513,956 | 11,764,326 | 11,811,458 | 5.33 | ||||||||||||||||
Total Energy: Electricity | $ | 12,726,160 | $ | 12,762,729 | 5.76 | % | ||||||||||||||||||
Energy: Oil & Gas | ||||||||||||||||||||||||
Epic Crude Services, LP (12) | S+5.00% | 10.93 | % | 3/2/2026 | 4,976,857 | 4,800,437 | 4,951,973 | 2.23 | ||||||||||||||||
Total Energy: Oil & Gas | $ | 4,800,437 | $ | 4,951,973 | 2.23 | % | ||||||||||||||||||
Environmental Industries | ||||||||||||||||||||||||
EnergySolutions, LLC (12) | S+4.00% | 9.36 | % | 9/20/2030 | 997,500 | 985,417 | 995,505 | 0.45 | ||||||||||||||||
Heritage-Crystal Clean, Inc. | S+5.00% | 10.40 | % | 10/17/2030 | 1,000,000 | 975,516 | 1,000,000 | 0.45 | ||||||||||||||||
The Action Environmental Group, Inc. (5)(6) | S+4.50% | — | 10/24/2030 | 130,435 | (949) | 326 | 0.00 | |||||||||||||||||
The Action Environmental Group, Inc. (5) | S+4.50% | 9.88 | % | 10/24/2030 | 869,565 | 856,763 | 871,739 | 0.39 | ||||||||||||||||
Patriot Container Corp. (12) | S+3.75% | 9.21 | % | 3/20/2025 | 2,973,712 | 2,821,296 | 2,842,988 | 1.28 | ||||||||||||||||
Total Environmental Industries | $ | 5,638,043 | $ | 5,710,558 | 2.57 | % | ||||||||||||||||||
Healthcare & Pharmaceuticals | ||||||||||||||||||||||||
Charlotte Buyer, Inc. (12) | S+5.25% | 10.61 | % | 2/11/2028 | 2,458,778 | 2,398,398 | 2,466,622 | 1.11 | ||||||||||||||||
Covetrus, Inc. (12) | S+5.00% | 10.35 | % | 10/13/2029 | 994,987 | 987,788 | 993,127 | 0.45 | ||||||||||||||||
Heartland Dental, LLC (12) | S+5.00% | 10.36 | % | 4/28/2028 | 2,560,524 | 2,475,494 | 2,551,332 | 1.15 | ||||||||||||||||
Help At Home, Inc. | S+5.00% | 10.46 | % | 10/29/2027 | 992,349 | 979,161 | 981,810 | 0.44 | ||||||||||||||||
Imagefirst Holdings, LLC (12) | S+5.00% | 10.72 | % | 4/27/2028 | 3,316,667 | 3,242,402 | 3,300,083 | 1.49 |
10-K
2023 FY
Tate Capital Co
27 Mar 24
Annual report
7:14pm
Consolidated Schedule of Investments (continued)
Portfolio Company(1) | Reference Rate and Spread(2) | Interest Rate(2) | Maturity Date | Par Amount/ Units(3) | Amortized Cost | Fair Value | Percentage of Net Assets | |||||||||||||||||
Imagefirst Holdings, LLC (6)(12) | S+5.00% | — | 4/27/2028 | 666,667 | (14,593) | (3,333) | 0.00 | |||||||||||||||||
Pediatric Associates Holding Company, LLC (12) | S+4.50% | 9.97 | % | 12/29/2028 | 995,000 | 958,313 | 960,175 | 0.43 | ||||||||||||||||
PetVet Care Centers, LLC (5)(6)(12) | S+6.00% | — | 11/15/2029 | 1,768,583 | (34,430) | (34,430) | (0.02) | |||||||||||||||||
PetVet Care Centers, LLC (5)(12) | S+6.00% | 11.36 | % | 11/15/2030 | 13,559,139 | 13,291,418 | 13,291,418 | 6.00 | ||||||||||||||||
PetVet Care Centers, LLC (5)(6)(12) | S+6.00% | — | 11/15/2030 | 1,768,583 | (17,354) | (17,354) | (0.01) | |||||||||||||||||
Physician Partners LLC (12) | S+4.00% | 9.53 | % | 12/26/2028 | 992,424 | 942,802 | 935,360 | 0.42 | ||||||||||||||||
Southern Veterinary Partners, LLC (12) | S+4.00% | 9.47 | % | 10/5/2027 | 1,492,308 | 1,485,297 | 1,485,965 | 0.67 | ||||||||||||||||
Star Parent, Inc. (12) | S+4.00% | 9.35 | % | 9/27/2030 | 5,000,000 | 4,927,218 | 4,935,400 | 2.23 | ||||||||||||||||
Team Services Group (12) | S+5.00% | 10.88 | % | 12/20/2027 | 988,579 | 971,239 | 979,316 | 0.44 | ||||||||||||||||
NMN Holdings III Corp. (5) | S+3.50% | 8.97 | % | 11/13/2025 | 3,141,804 | 2,916,393 | 3,086,823 | 1.39 | ||||||||||||||||
Total Healthcare & Pharmaceuticals | $ | 35,509,546 | $ | 35,912,314 | 16.19 | % | ||||||||||||||||||
High Tech Industries | ||||||||||||||||||||||||
AQA Acquisition Holding, Inc. (12) | S+4.25% | 9.89 | % | 3/3/2028 | 865,941 | 854,327 | 863,992 | 0.39 | ||||||||||||||||
Endure Digital Inc. (12) | S+3.50% | 9.42 | % | 2/10/2028 | 989,848 | 907,221 | 966,032 | 0.44 | ||||||||||||||||
Particle Investments S.a.r.l. (8)(10) | L+5.25% | 10.72 | % | 5/24/2027 | 989,080 | 983,761 | 984,135 | 0.44 | ||||||||||||||||
TGG TS Acquisition Company (12) | S+6.50% | 11.97 | % | 12/14/2025 | 1,163,697 | 1,162,703 | 1,114,240 | 0.50 | ||||||||||||||||
Ultimate Software Group Inc. (12) | S+4.50% | 9.99 | % | 5/4/2026 | 1,990,000 | 1,948,747 | 1,994,975 | 0.90 | ||||||||||||||||
Total High Tech Industries | $ | 5,856,759 | $ | 5,923,374 | 2.67 | % | ||||||||||||||||||
Hotel, Gaming & Leisure | ||||||||||||||||||||||||
Fertitta Entertainment, LLC (12) | S+4.00% | 9.36 | % | 1/27/2029 | 992,424 | 976,722 | 992,216 | 0.45 | ||||||||||||||||
Ranger Holdco Spe LLC (5) | 15.00% PIK | 15.00 | % | 8/8/2028 | 17,775,581 | 16,498,048 | 19,050,076 | 8.60 | ||||||||||||||||
TouchTunes Interactive Networks, Inc. (12) | S+5.00% | 10.35 | % | 4/2/2029 | 2,230,496 | 2,228,284 | 2,208,748 | 1.00 | ||||||||||||||||
Total Hotel, Gaming & Leisure | $ | 19,703,054 | $ | 22,251,040 | 10.05 | % | ||||||||||||||||||
Media: Advertising, Printing & Publishing | ||||||||||||||||||||||||
Renaissance Holding Corp. (12) | S+4.75% | 10.11 | % | 4/5/2030 | 4,920,617 | 4,796,646 | 4,932,230 | 2.23 | ||||||||||||||||
Simon & Schuster Inc. | S+4.00% | 9.39 | % | 10/30/2030 | 2,000,000 | 1,987,774 | 2,005,000 | 0.90 | ||||||||||||||||
Total Media: Advertising, Printing & Publishing | $ | 6,784,420 | $ | 6,937,230 | 3.13 | % | ||||||||||||||||||
Media: Broadcasting & Subscription | ||||||||||||||||||||||||
Neptune Bidco US Inc. (12) | S+5.00% | 10.51 | % | 4/11/2029 | 5,273,500 | 4,876,118 | 4,805,477 | 2.17 | ||||||||||||||||
Total Media: Broadcasting & Subscription | $ | 4,876,118 | $ | 4,805,477 | 2.17 | % | ||||||||||||||||||
Metals & Mining | ||||||||||||||||||||||||
Arsenal AIC Parent LLC (12) | S+4.50% | 9.86 | % | 8/18/2030 | 2,992,500 | 2,963,608 | 3,000,909 | 1.35 | ||||||||||||||||
Total Metals & Mining | $ | 2,963,608 | $ | 3,000,909 | 1.35 | % | ||||||||||||||||||
Retail | ||||||||||||||||||||||||
Staples, Inc. | L+4.50% | 9.96 | % | 9/12/2024 | 997,389 | 993,762 | 996,142 | 0.45 | ||||||||||||||||
Staples, Inc. (12) | L+5.00% | 10.46 | % | 4/16/2026 | 994,792 | 948,840 | 939,700 | 0.42 | ||||||||||||||||
Total Retail | $ | 1,942,602 | $ | 1,935,842 | 0.87 | % | ||||||||||||||||||
Services: Business | ||||||||||||||||||||||||
AMCP Clean Acquisition Company, LLC | S+4.40% | 9.79 | % | 6/16/2025 | 2,769,264 | 2,635,484 | 2,592,142 | 1.17 |
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