BDCs
BDC Quick Recap: BlackRock Capital Investment Corporation (BKCC) as of March 31st, 2023
BlackRock Capital Investment Corporation (BKCC) filed its earnings yesterday and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for BlackRock Capital Investment Corporation (BKCC) for the three-month period ended March 31st, 2023.
Portfolio Stats
| FMV | $592.9M |
| # of Investments | 226 |
| Total unused commitments to extend financing | $58.9M |
| Portfolio Companies | 121 |
Portfolio Composition
| First Lien | 72.60% |
| Second Lien | 12.40% |
| Equity and Other | 15.00% |
Source: SOLVE Fixed Income, BlackRock Capital Investment Corporation (BKCC)
Portfolio Credit Quality
| Non-Accruals Cost | $74.3M |
| # of Non-Accruals | 2 |
| # of Portfolio at Cost | 11.00% |
| New Non-Accruals | N/A |
Source: SOLVE Fixed Income, BlackRock Capital Investment Corporation (BKCC)
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
| Showtime Acquisition LLC | First Lien Term Loan | Hotels, Restaurants & Leisure | $5.9M | 8/7/2028 | S+750 |
| Disco Parent Inc | First Lien Term Loan | Software | $5.0M | 3/30/2029 | S+750 |
| Bynder Bidco BV | First Lien Term Loan B | Internet Software & Services | $4.5M | 1/26/2029 | S+725 |
Source: SOLVE Fixed Income, BlackRock Capital Investment Corporation (BKCC)
Exits & Sales
| Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
| Zest Acquisition Corp | Second Lien Term Loan | Health Care Equipment & Supplies | $14.9M | 3/14/2026 | L+700 |
| NEP II Inc | Second Lien Term Loan | Media | $2.9M | 10/19/2026 | L+700 |
| Kemmerer Operations LLC | First Lien Term Loan | Metals & Mining | $1.9M | 6/21/2023 | N/A |
Source: SOLVE Fixed Income, BlackRock Capital Investment Corporation (BKCC)
Interested in learning more about SOLVE’s BDC data? Email sales@solvefixedincome.com, or Request a Trial to learn more.
