BDCs
BDC Quick Recap: Stone Point Capital Credit as of December 31st, 2022
Stone Point Capital Credit 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 Stone Point Capital Credit for the three-month period ended Dec. 31st, 2022.
Portfolio Stats
FMV | $1.69B |
# of Investments | 138 |
Total unused commitments to extend financing | $210.25M |
Portfolio Companies | 66 |
Portfolio Composition
First Lien | 83.00% |
Second Lien | 11.30% |
Equity and Other | 5.70% |
Source: SOLVE Fixed Income, Stone Point Capital Credit
Portfolio Credit Quality
Non-Accruals Cost | $0.0M |
# of Non-Accruals | 0 |
# of Portfolio at Cost | 0.00% |
New Non-Accruals | N/A |
Source: SOLVE Fixed Income, Stone Point Capital Credit
Select New Originations
Company | Investment Type | Industry | Cost | Maturity | Coupon |
Williams Martson LLC | First Lien Term Loan | Professional Services | $15.4M | 8/25/2028 | S+575 |
CNSI Holdings LLC | First Lien Term Loan | Health Care Providers Services | $14.6M | 12/3/2029 | S+650 |
Neptune BidCo US Inc | Second Lien Term Loan | IT Services | $12.1M | 10/11/2029 | S+975 |
Source: SOLVE Fixed Income, Stone Point Capital Credit
Exits & Sales
Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
Keystone Acquisition Corp | First Lien Term Loan | Health Care Providers Services | $16.3M | 1/26/2029 | L+575 |
Heights Buyer LLC | First Lien Term Loan | Professional Services | $15.5M | 8/25/2028 | L+575 |
Broadstreet Partners | Unsecured Note | Insurance | $3.0M | 4/15/2029 | – |
Source: SOLVE Fixed Income, Stone Point Capital Credit
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