BDC Quick Recap: Stone Point Capital Credit
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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