Company Quick10K Filing
Golub Capital BDC
10-Q 2020-06-30 Filed 2020-08-13
10-Q 2020-03-31 Filed 2020-05-15
10-Q 2019-12-31 Filed 2020-02-14
10-K 2019-09-30 Filed 2019-11-25
10-K 2019-09-30 Filed 2019-12-05
10-Q 2019-06-30 Filed 2019-08-07
10-Q 2019-06-30 Filed 2019-08-13
10-Q 2019-03-31 Filed 2019-05-14
10-Q 2019-03-31 Filed 2019-05-08
10-Q 2018-12-31 Filed 2019-02-06
10-Q 2018-12-31 Filed 2019-02-13
10-K 2018-09-30 Filed 2018-11-28
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-07
10-Q 2017-12-31 Filed 2018-02-07
10-K 2017-09-30 Filed 2017-11-20
10-Q 2017-06-30 Filed 2017-08-07
10-Q 2017-03-31 Filed 2017-05-09
10-Q 2016-12-31 Filed 2017-02-08
10-K 2016-11-16 Filed 2016-11-16
10-Q 2016-06-30 Filed 2016-08-03
10-Q 2016-03-31 Filed 2016-05-05
10-Q 2015-12-31 Filed 2016-02-05
10-K 2015-09-30 Filed 2015-11-17
10-Q 2015-06-30 Filed 2015-08-05
10-Q 2015-03-31 Filed 2015-05-11
10-Q 2014-12-31 Filed 2015-02-06
10-K 2014-09-30 Filed 2014-11-18
10-Q 2014-06-30 Filed 2014-08-07
10-Q 2014-03-31 Filed 2014-05-08
10-Q 2013-12-31 Filed 2014-02-06
10-K 2013-09-30 Filed 2013-12-03
10-Q 2013-06-30 Filed 2013-08-08
10-Q 2013-03-31 Filed 2013-05-03
10-Q 2012-12-31 Filed 2013-02-07
10-K 2012-09-30 Filed 2012-11-29
10-Q 2012-06-30 Filed 2012-08-06
10-Q 2012-03-31 Filed 2012-05-02
10-Q 2011-12-31 Filed 2012-02-06
10-K 2011-09-30 Filed 2011-12-08
10-Q 2011-06-30 Filed 2011-08-08
10-Q 2011-03-31 Filed 2011-05-05
10-Q 2010-12-31 Filed 2011-02-10
10-K 2010-09-30 Filed 2010-12-13
10-Q 2010-06-30 Filed 2010-08-09
10-Q 2010-03-31 Filed 2010-05-13
8-K 2020-08-31 Sale of Shares
8-K 2020-08-13 Earnings, Exhibits
8-K 2020-07-27 Earnings, Exhibits
8-K 2020-05-15
8-K 2020-04-27
8-K 2020-03-19
8-K 2020-02-14
8-K 2020-02-07
8-K 2020-02-06
8-K 2019-12-10
8-K 2019-12-05
8-K 2019-11-25
8-K 2019-11-25
8-K 2019-11-12
8-K 2019-10-31
8-K 2019-10-30
8-K 2019-10-10
8-K 2019-10-09
8-K 2019-10-08
8-K 2019-09-16
8-K 2019-09-10
8-K 2019-09-06
8-K 2019-09-04
8-K 2019-09-04
8-K 2019-08-26
8-K 2019-08-15
8-K 2019-08-13
8-K 2019-08-09
8-K 2019-08-07
8-K 2019-08-07
8-K 2019-07-12
8-K 2019-07-11
8-K 2019-07-02
8-K 2019-07-02
8-K 2019-06-21
8-K 2019-06-04
8-K 2019-05-23
8-K 2019-05-14
8-K 2019-05-08
8-K 2019-05-08
8-K 2019-05-08
8-K 2019-04-23
8-K 2019-04-11
8-K 2019-04-10
8-K 2019-04-08
8-K 2019-03-25
8-K 2019-03-07
8-K 2019-02-13
8-K 2019-02-06
8-K 2019-02-06
8-K 2019-02-05
8-K 2019-02-05
8-K 2019-02-04
8-K 2019-02-01
8-K 2019-01-14
8-K 2019-01-10
8-K 2018-11-28
8-K 2018-11-28
8-K 2018-11-28
8-K 2018-11-16
8-K 2018-11-01
8-K 2018-10-11
8-K 2018-10-10
8-K 2018-09-21
8-K 2018-09-07
8-K 2018-08-08
8-K 2018-08-08
8-K 2018-07-20
8-K 2018-07-11
8-K 2018-07-09
8-K 2018-07-09
8-K 2018-05-07
8-K 2018-05-07
8-K 2018-04-09
8-K 2018-04-09
8-K 2018-03-15
8-K 2018-02-07
8-K 2018-02-07
8-K 2018-02-06
8-K 2018-01-11
8-K 2018-01-10

GBDC 10Q Quarterly Report

Note 1. Organization
Note 2. Significant Accounting Policies and Recent Accounting Updates
Note 3. Stockholders' Equity
Note 4. Related Party Transactions
Note 5. Investments
Note 6. Forward Currency Contracts
Note 7. Fair Value Measurements
Note 8. Borrowings
Note 9. Commitments and Contingencies
Note 10. Financial Highlights
Note 11. Earnings (Loss) per Share
Note 12. Dividends and Distributions
Note 13. Subsequent Events
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures.
Part II - Other Information
Item 1: Legal Proceedings.
Item 1A: Risk Factors.
Item 2: Unregistered Sales of Equity Securities and Use of Proceeds.
Item 3: Defaults Upon Senior Securities.
Item 4: Mine Safety Disclosures.
Item 5: Other Information.
Item 6: Exhibits.
EX-31.1 gbdc3fy2020q3exhibit311.htm
EX-31.2 gbdc3fy2020q3exhibit312.htm
EX-32.1 gbdc3fy2020q3exhibit321.htm

Golub Capital BDC Earnings 2020-06-30

Balance SheetIncome StatementCash Flow

10-Q 1 gbdc310-qxfy2020q3.htm 10-Q Document
TABLE OF CONTENTS


______________________________________________________________________________________________________ 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
______________________________________________________________________________________________________ 
FORM 10-Q

þ                 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended June 30, 2020

OR

o         TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____ to _____

Commission File Number 814-01244

Golub Capital BDC 3, Inc.
(Exact name of registrant as specified in its charter)

Maryland82-2375481
(State or other jurisdiction of incorporation or organization)  (I.R.S. Employer Identification No.)

200 Park Avenue, 25th Floor
New York, NY 10166
(Address of principal executive offices)

(212) 750-6060
(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes þ   No o

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).   Yes o No   o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.  See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer  o
Accelerated filer o
Non-accelerated filer  o
Smaller reporting company o
Emerging growth company þ

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. þ

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  o  No þ

As of August 13, 2020, the Registrant had 33,303,658.071 shares of common stock, $0.001 par value, outstanding.


TABLE OF CONTENTS



Part I. Financial Information  
Item 1. Financial Statements
Consolidated Statements of Financial Condition as of June 30, 2020 (unaudited) and September 30, 2019
Consolidated Statements of Operations for the three and nine months ended June 30, 2020 (unaudited) and 2019 (unaudited)
Consolidated Statements of Changes in Net Assets for the three and nine months ended June 30, 2020 (unaudited) and 2019 (unaudited)
Consolidated Statements of Cash Flows for the nine months ended June 30, 2020 (unaudited) and 2019 (unaudited)
Consolidated Schedules of Investments as of June 30, 2020 (unaudited) and September 30, 2019
Notes to Consolidated Financial Statements (unaudited)
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3.Quantitative and Qualitative Disclosures about Market Risk
Item 4.Controls and Procedures
Part II. Other Information
Item 1. Legal Proceedings
Item 1A.Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 3.Defaults Upon Senior Securities
Item 4.Mine Safety Disclosures
Item 5.Other Information
Item 6.Exhibits



TABLE OF CONTENTS
Golub Capital BDC 3, Inc. and Subsidiaries
Consolidated Statements of Financial Condition
(In thousands, except share and per share data)

June 30, 2020September 30, 2019
(unaudited)
Assets
Investments, at fair value (amortized cost of $862,547 and $611,003, respectively)$848,548  $616,989  
Cash and cash equivalents9,500  2,413  
Foreign currencies (cost of $464 and $130, respectively)470  130  
Restricted cash and cash equivalents12,145  17,374  
Restricted foreign currencies (cost of $36 and $0, respectively)35  —  
Cash collateral held at broker for forward currency contracts450  450  
Unrealized net appreciation on forward currency contracts509  240  
Interest receivable3,249  2,226  
Capital call receivable—  16  
Due from Investment Adviser (Note 4)1,536  —  
Other assets17  102  
Total Assets$876,459  $639,940  
Liabilities    
Debt$380,455  $270,644  
Less unamortized debt issuance costs1,524  1,770  
Debt less unamortized debt issuance costs378,931  268,874  
Other short-term borrowings (proceeds of $0 and $16,366, respectively)—  16,366  
Interest payable1,240  881  
Distributions payable3,043  6,441  
Management and incentive fees payable3,338  3,316  
Payable for investments purchased1,398  —  
Accounts payable and accrued expenses847  630  
Accrued trustee fees—  12  
Total Liabilities388,797  296,520  
Commitments and Contingencies (Note 9)    
Net Assets
Preferred stock, par value $0.001 per share, 1,000,000 shares authorized, zero shares issued and outstanding as of June 30, 2020 and September 30, 2019—  —  
Common stock, par value $0.001 per share, 100,000,000 shares authorized, 33,214,254.061 and 22,894,689.911 shares issued and outstanding as of June 30, 2020 and September 30, 2019, respectively33  23  
Paid in capital in excess of par498,012  343,396  
Distributable earnings (losses)(10,383)  
Total Net Assets487,662  343,420  
Total Liabilities and Total Net Assets$876,459  $639,940  
Number of common shares outstanding33,214,254.061  22,894,689.911  
Net asset value per common share$14.68  $15.00  





See Notes to Consolidated Financial Statements

3


TABLE OF CONTENTS
Golub Capital BDC 3, Inc. and Subsidiaries
Consolidated Statement of Operations (unaudited)
(In thousands, except share and per share data)


Three months ended June 30,Nine months ended June 30,
2020201920202019
Investment income    
Interest income$15,953  $8,504  $46,885  $18,832  
Dividend income—  —   —  
Fee income150  195  331  278  
Total investment income16,103  8,699  47,220  19,110  
Expenses    
Interest and other debt financing expenses2,679  1,760  9,816  4,292  
Base management fee2,836  1,329  8,029  2,902  
Incentive fee(15) 1,291  2,344  2,440  
Professional fees221  217  737  635  
Administrative service fee309  156  886  332  
General and administrative expenses14  26  106  82  
Total expenses6,044  4,779  21,918  10,683  
Base management fee waived (Note 4)(774) (362) (2,190) (791) 
Incentive fee waived (Note 4)(245) (273) (414) (352) 
Net expenses5,025  4,144  19,314  9,540  
Net investment income11,078  4,555  27,906  9,570  
Net gain (loss) on investment transactions        
Net realized gain (loss) from:        
Investments(1)  (1)  
Foreign currency transactions26   13  56  
Net realized gain (loss) on investment transactions25  11  12  60  
Net change in unrealized appreciation (depreciation) from:        
Investments26,765  1,302  (19,985) 2,385  
Forward currency contracts(210) (70) 269  (70) 
Translation of assets and liabilities in foreign currencies(42) 55  (9) 55  
Net change in unrealized appreciation (depreciation) on investment transactions26,513  1,287  (19,725) 2,370  
Net gain (loss) on investment transactions26,538  1,298  (19,713) 2,430  
Net increase (decrease) in net assets resulting from operations$37,616  $5,853  $8,193  $12,000  
Per Common Share Data        
Basic and diluted earnings (loss) per common share$1.13  $0.39  $0.28  $1.04  
Basic and diluted weighted average common shares outstanding33,145,177  15,480,105  29,616,555  11,471,687  




See Notes to Consolidated Financial Statements

4


TABLE OF CONTENTS

Golub Capital BDC 3, Inc. and Subsidiaries
Consolidated Statements of Changes in Net Assets (unaudited)
(In thousands, except share data)



Common StockPaid in Capital in Excess of ParDistributable Earnings (Losses)Total Net Assets
SharesPar Amount
Balance at September 30, 20185,815,002.633  $ $87,218  $ $87,225  
Issuance of common stock12,091,728.084  12  181,364  —  181,376  
Net increase (decrease) in net assets resulting from operations:
Net investment income—  —  —  9,570  9,570  
Net realized gain (loss) on investment transactions—  —  —  60  60  
Net change in unrealized appreciation (depreciation) on investment transactions—  —  —  2,370  2,370  
Distributions to stockholders:
Stock issued in connection with dividend reinvestment plan231,446.198  —  3,472  —  3,472  
Distributions from distributable earnings (losses)—  —  —  (6,147) (6,147) 
Distributions declared and payable—  —  —  (5,853) (5,853) 
Total increase (decrease) for the nine months ended June 30, 201912,323,174.282  12  184,836  —  184,848  
Balance at June 30, 201918,138,176.915  $18  $272,054  $ $272,073  
Balance at March 31, 201912,268,702.801  $12  $184,017  $ $184,030  
Issuance of common stock5,804,831.723   87,067  —  87,073  
Net increase (decrease) in net assets resulting from operations:
Net investment income—  —  —  4,555  4,555  
Net realized gain (loss) on investment transactions—  —  —  11  11  
Net change in unrealized appreciation (depreciation) on investment transactions—  —  —  1,287  1,287  
Distributions to stockholders:
Stock issued in connection with dividend reinvestment plan64,642.391  —  970  —  970  
Distributions from distributable earnings (losses)—  —  —  (3,204) (3,204) 
Distributions declared and payable —  —  —  (2,649) (2,649) 
Total increase (decrease) for the three months ended June 30, 20195,869,474.114   88,037  —  88,043  
Balance at June 30, 201918,138,176.915  $18  $272,054  $ $272,073  
Balance at September 30, 201922,894,689.911  $23  $343,396  $ $343,420  
Issuance of common stock9,667,275.629  9145,000  —  145,009  
Net increase (decrease) in net assets resulting from operations:
Net investment income—  —  27,906  27,906  
Net realized gain (loss) on investment transactions—  —  12  12  
Net change in unrealized appreciation (depreciation) on investment transactions—  —  (19,725) (19,725) 
Distributions to stockholders:
Stock issued in connection with dividend reinvestment plan652,288.521   9,616  —  9,617  
Distributions from distributable earnings (losses)—  —  —  (11,729) (11,729) 
Distributions declared and payable —  —  —  (6,848) (6,848) 
Total increase (decrease) for the nine months ended June 30, 202010,319,564.150  10154,616(10,384) 144,242  
Balance at June 30, 202033,214,254.061  $33  $498,012  $(10,383) $487,662  
Balance at March 31, 202033,090,999.162  $33  $496,331  $(44,956) $451,408  
Issuance of common stock—  —  —  —  —  
Net increase (decrease) in net assets resulting from operations:
Net investment income—  —  —  11,078  11,078  
Net realized gain (loss) on investment transactions—  —  —  25  25  
Net change in unrealized appreciation (depreciation) on investment transactions—  —  —  26,513  26,513  
Distributions to stockholders:
Stock issued in connection with dividend reinvestment plan123,254.899  —  1,681  —  1,681  
Distributions from distributable earnings (losses)—  —  —  —  —  
Distributions declared and payable —  —  —  (3,043) (3,043) 
Total increase (decrease) for the three months ended June 30, 2020123,254.899  —  1,681  34,573  36,254  
Balance at June 30, 202033,214,254.061  $33  $498,012  $(10,383) $487,662  

See Notes to Consolidated Financial Statements

5


TABLE OF CONTENTS

Golub Capital BDC 3, Inc. and Subsidiaries
Consolidated Statements of Cash Flows (unaudited)
(In thousands)



Nine months ended June 30,
20202019
Cash flows from operating activities  
Net increase (decrease) in net assets resulting from operations$8,193  $12,000  
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash (used in) provided by operating activities:
Amortization of deferred debt issuance costs840  600  
Accretion of discounts and amortization of premiums(2,500) (854) 
Net realized (gain) loss on investments (4) 
Net realized (gain) loss on foreign currency transactions(13) (56) 
Net change in unrealized (appreciation) depreciation on investments19,985  (2,385) 
Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies (55) 
Net change in unrealized (appreciation) depreciation on forward currency contracts(269) 70  
Proceeds from (fundings of) revolving loans, net(3,519) (1,559) 
Fundings of investments(340,982) (346,315) 
Proceeds from principal payments and sales of portfolio investments96,723  18,619  
PIK interest(1,267) (143) 
Changes in operating assets and liabilities:
Cash collateral held at broker for forward currency contracts—  (450) 
Interest receivable(1,023) (880) 
Receivable for investments sold—  —  
Due from Investment Adviser (Note 4)(1,536) —  
Other assets85  59  
Interest payable359  361  
Management and incentive fees payable22  1,599  
Payable for investments purchased1,398  —  
Accounts payable and accrued expenses217  393  
Accrued trustee fees(12) 10  
Net cash (used in) provided by operating activities(223,289) (318,990) 
Cash flows from financing activities  
Borrowings on debt532,299  405,629  
Repayments of debt(422,499) (232,422) 
Proceeds from other short-term borrowings21,267  9,499  
Repayments on other short-term borrowings(37,664) (7,558) 
Capitalized debt issuance costs(594) (633) 
Proceeds from issuance of common shares145,025  181,376  
Distributions paid(12,358) (4,235) 
Net cash provided by (used in) financing activities225,476  351,656  
Net change in cash and cash equivalents, foreign currencies, restricted cash and cash equivalents and restricted foreign currencies2,187  32,666
Effect of foreign currency exchange rates46  16
Cash and cash equivalents, foreign currencies, restricted cash and cash equivalents and restricted foreign currencies, beginning of period19,917  3,653
Cash and cash equivalents, foreign currencies, restricted cash and cash equivalents and restricted foreign currencies, end of period$22,150  $36,335  
Supplemental disclosure of cash flow information:
Cash paid during the period for interest$8,617  $3,331  
Distributions declared during the period18,577  12,000  
Supplemental disclosure of non-cash operating and financing activity:
Stock issued in connection with dividend reinvestment plan9,617  3,472  
Change in distributions payable(3,398) 5,853  
See Notes to Consolidated Financial Statements.
6


TABLE OF CONTENTS

Golub Capital BDC 3, Inc. and Subsidiaries
Consolidated Statements of Cash Flows (unaudited) - (continued)
(In thousands)

The following table provides a reconciliation of cash and cash equivalents, foreign currencies, restricted cash and cash equivalents and restricted foreign currencies reported within the Consolidated Statements of Financial Condition that sum to the total of the same such amounts in the Consolidated Statements of Cash Flows:
As of June 30,
20202019
Cash and cash equivalents$9,500  $36,209  
Foreign currencies (cost of $464 and $130, respectively)470  126  
Restricted cash and cash equivalents12,145  —  
Restricted foreign currencies (cost of $36 and $0, respectively)
35  —  
Total cash and cash equivalents, foreign currencies, restricted cash and cash equivalents and restricted foreign currencies shown in the Consolidated Statements of Cash Flows
$22,150  $36,335  

See Note 2. Significant Accounting Policies and Recent Accounting Updates for a description of cash and cash equivalents, foreign currencies, restricted cash and cash equivalents and restricted foreign currencies.

See Notes to Consolidated Financial Statements

7


TABLE OF CONTENTS
Golub Capital BDC 3, Inc. and Subsidiaries
Consolidated Schedule of Investments (unaudited)
June 30, 2020
(In thousands)


Investment
Type
Spread
Above Index (1)
Interest
Rate(2)
Maturity
Date
Principal ($) /
Shares(3)
Amortized CostPercentage
of Net
Assets
Fair
Value (4)
Investments            
Non-controlled/non-affiliate company investments              
Debt Investments            
Automobile             
Grease Monkey International, LLC
Senior loanL + 5.00%
(c)
6.00%11/2022$962  $956  0.1  %$962  
Grease Monkey International, LLC#
Senior loanL + 5.00%
(c)
6.00%11/2022351  347  —  351  
Grease Monkey International, LLC#
Senior loanL + 5.00%
(c)
6.00%11/2022178  177  —  178  
Grease Monkey International, LLC#
Senior loanL + 5.00%
(c)
6.00%11/2022162  161  —  162  
Grease Monkey International, LLC#
Senior loanL + 5.00%
(c)
6.00%11/2022148  147  —  148  
Grease Monkey International, LLC#
Senior loanL + 5.00%
(c)
6.24%11/202247  47  —  47  
Grease Monkey International, LLC#(5)
Senior loanL + 5.00%
N/A(6)
11/2022—  (1) —  —  
JHCC Holdings LLC
One stopL + 5.50%
(c)
6.81%09/20253,012  2,986  0.3  2,952  
JHCC Holdings LLC#
One stopL + 5.50%
(c)
6.64%09/20251,334  1,290  0.1  1,232  
JHCC Holdings LLC#
One stopL + 5.50%
(c)
6.35%09/202516  15  —  14  
Power Stop, LLC
Senior loanL + 4.75%
(a)
4.93%10/2025670  668  0.1  637  
Quick Quack Car Wash Holdings, LLC
One stopL + 6.50%
(d)
7.50%04/20231,682  1,670  0.2  1,682  
Quick Quack Car Wash Holdings, LLC#
One stopL + 6.50%
(c)(d)
7.50%04/2023818  812  0.1  818  
Quick Quack Car Wash Holdings, LLC#
One stopL + 6.50%
(d)
7.50%04/2023714  709  0.1  714  
Quick Quack Car Wash Holdings, LLC#
One stopL + 6.50%
(d)
7.50%04/2023478  474  0.1  478  
Quick Quack Car Wash Holdings, LLC#
One stopL + 6.50%
(d)
7.50%04/2023388  385  0.1  388  
Quick Quack Car Wash Holdings, LLC#
One stopL + 6.50%
(d)
7.50%04/202340  40  —  40  
11,000  10,883  1.2  10,803  
Beverage, Food and Tobacco
BJH Holdings III Corp.
One stopL + 5.75%
(c)
6.75%08/202519,254  18,976  2.2  19,254  
BJH Holdings III Corp.#
One stopL + 5.75%
(c)
6.75%08/2025100  93  —  100  
Fintech Midco, LLC
One stopL + 5.00%
(d)
6.08%08/20244,897  4,863  0.5  4,701  
Fintech Midco, LLC#
One stopL + 5.00%
(d)
6.08%08/2024441  438  0.1  423  
Fintech Midco, LLC#(5)
One stopL + 5.00%
N/A(6)
08/2024—  (1) —  (4) 
Flavor Producers, LLC
Senior loanL + 4.75%
(c)
5.75%12/2023437  433  0.1  402  
Flavor Producers, LLC#
Senior loanL + 4.75%
(d)
5.81%12/2022  —   
Mendocino Farms, LLC#
One stopL + 8.50%
(a)
2.00% cash/7.50% PIK06/2023548  544  0.1  548  
Mendocino Farms, LLC#
One stopL + 8.50%
(a)
2.00% cash/7.50% PIK06/2023281  279  —  281  
Mendocino Farms, LLC#
One stopL + 8.50%
(a)
2.00% cash/7.50% PIK06/2023221  219  —  221  
Mendocino Farms, LLC#
One stopL + 8.50%
(a)
2.00% cash/7.50% PIK06/2023216  215  —  216  
Mendocino Farms, LLC#
One stopL + 8.50%
(a)
2.00% cash/7.50% PIK06/2023</