BDC Quick Recap: Stone Point Credit Corporation
BDC Quick Recap: Stone Point Credit Corporation as of March 31st, 2023
Stone Point Credit Corporation filed its earnings this morning and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for Stone Point Credit Corporation for the three-month period ended March 31st, 2023.
Portfolio Stats
| FMV | $1.75B |
| # of Investments | 139 |
| Total unused commitments to extend financing | $202.9M |
| Portfolio Companies | 69 |
Portfolio Composition
| First Lien | 83.50% |
| Second Lien | 10.90% |
| Equity and Other | 5.60% |
Source: SOLVE Fixed Income, Stone Point Credit Corporation
Portfolio Credit Quality
| Non-Accruals Cost | 0 |
| # of Non-Accruals | 0 |
| # of Portfolio at Cost | 0.00% |
| New Non-Accruals | N/A |
Source: SOLVE Fixed Income, Stone Point Credit Corporation
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
|---|---|---|---|---|---|
| Foundation Risk Partners Corp | First Lien Term Loan | Insurance | $37.4M | 10/27/2028 | S+675 |
| MRI Software LLC | First Lien Term Loan | Software | $2.4M | 2/10/2026 | L+550 |
| Covertrus LLC | First Lien Term Loan | Health Care Providers Services | $0.9M | 12/15/2028 | S+650 |
Source: SOLVE Fixed Income, Stone Point Credit Corporation
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SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
