BDCs
BDC Quick Recap: MSC Income Fund Inc. as of December 31st, 2022
MSC Income Fund Inc. 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 MSC Income Fund Inc. for the three-month period ended Dec. 31st, 2022.
Portfolio Stats
| FMV | $1.08B |
| # of Investments | 352 |
| Total unused commitments to extend financing | $67.5M |
| Portfolio Companies | 146 |
| Portfolio Composition | |
| First Lien | 86.00% |
| Equity and Other | 14.00% |
Source: SOLVE Fixed Income, MSC Income Fund Inc.
Portfolio Credit Quality
| Non-Accruals Cost | $48.7M |
| # of Non-Accruals | 8 |
| # of Portfolio at Cost | 4.60% |
| New Non-Accruals | Isagenix Intl. Inc. |
Source: SOLVE Fixed Income, MSC Income Fund Inc.
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
| World Micro Holdings LLC | Secured Debt | Supply Chain Management | $1.9M | 12/12/2027 | – |
| MetalForming AcquireCo LLC | Secured Debt | Distributor of Sheet Metal Folding and Metal Forming Equipment | $1.7M | 10/19/2027 | – |
| Elgin AcquireCo LLC | Secured Debt | Manufacturer and Distributor of Engine and Chassic Components | $1.2M | 10/3/2027 | – |
Source: SOLVE Fixed Income, MSC Income Fund Inc.
Exits & Sales
| Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
| NNE Partners LLC | Secured Debt | Oil & Gas Exploration & Production | 21.6M | 12/31/2023 | L+925 |
| Mac Lean-Fogg Company | Secured Debt | Manufacturer and Supplier for Auto and Power Markets | 6.5M | 12/22/2025 | L+475 |
| YS Garments LLC | Secured Debt | Designer and Provider of Branded Activewear | 6.3M | 8/9/2024 | L+550 |
Source: SOLVE Fixed Income, MSC Income Fund Inc.
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