BDCs
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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