Kayne Anderson BDC, Inc.: Value strategy drives stable quarter

研报英文原文证据摘录

Kayne Anderson BDC, Inc.: Value strategy drives stable quarter

Exhibit 1: : Non accruals increase to $89M or 4.0% of portfolio

2 new non-accrual issuers (highlighted)

Company Industry Investment Par Cost Fair Value FV/Cost

TG Parent (formerly Trademark Global) Leisure products First lien senior secured loan 12,623 12,555 6,943 55%

TG Parent (formerly Trademark Global) Leisure products First lien senior revolving 2,815 2,800 1,548 55%

Regiment Security Commercial services & supplies First lien senior secured loan 6,286 3,659 3,457 94%

Sundance Holdings Specialty Retail First lien senior secured loan 9,246 9,210 239 3%

Sundance Holdings Specialty Retail First lien senior delayed draw 628 628 16 3%

Sundance Holdings Specialty Retail First lien senior delayed draw 173 152 260 171%

Siegel Egg Food products First lien senior secured loan 14,727 14,627 6,701 46%

Siegel Egg Food products First lien senior secured loan 894 894 894 100%

Siegel Egg Food products First lien senior secured loan 382 375 382 102%

Siegel Egg Food products First lien senior secured loan 912 894 912 102%

Siegel Egg Food products First lien senior revolving 3,179 3,159 1,447 46%

American Soccer Company Textiles & apparel First lien senior secured loan 29,066 28,015 22,744 81%

American Soccer Company Textiles & apparel First lien senior revolving 4,977 4,808 3,894 81%

American Soccer Company Textiles & apparel First lien senior secured loan 898 898 898 100%

Bel USA Textiles & apparel First lien senior secured loan 5,486 5,423 2,502 46%

Bel USA Textiles & apparel First lien senior secured loan 807 807 807 100%

Bel USA Textiles & apparel First lien senior secured loan 90 89 41 46%

Total 93,189 88,993 53,685 60%

Non-accruals as pct of portfolio 4.0% 2.4%

Source: Company filings

BofA GLOBAL RESEARCH