UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q



x	Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the Quarter Ended June 30, 2018



¨	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: 814-01025

AMERICAN CAPITAL SENIOR FLOATING, LTD.

(Exact name of registrant as specified in its charter)



Maryland		46-1996220
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
	245 Park Avenue, 42nd Floor, New York, NY 10167
	(Address of principal executive offices) (Zip Code)
	(212) 750-7300
	(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

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 and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files). Yes ¨ No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, 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. (Check one):



Large accelerated filer	¨		Accelerated filer	x
Non-accelerated filer	¨	(Do not check if a smaller reporting company)	Smaller reporting company	¨
Emerging growth company	x

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. ¨

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

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.



Class		Outstanding at August 2, 2018
Common stock, $0.01 par value		10,000,100

AMERICAN CAPITAL SENIOR FLOATING, LTD.

FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2018

TABLE OF CONTENTS



		PAGE
PART I. FINANCIAL INFORMATION

Item 1.	Financial Statements
	Consolidated Statements of Assets and Liabilities as of June 30, 2018 (unaudited) and December 31, 2017	3

	Consolidated Statements of Operations for the three and six months ended June 30, 2018 and 2017 (unaudited)	4

	Consolidated Statements of Changes in Net Assets for the six months ended June 30, 2018 and 2017 (unaudited)	5

	Consolidated Statements of Cash Flows for the six months ended June 30, 2018 and 2017 (unaudited)	6

	Consolidated Schedule of Investments as of June 30, 2018 (unaudited) and December 31, 2017	7

	Notes to Consolidated Financial Statements (unaudited)	19

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	33

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	42

Item 4.	Controls and Procedures	44

PART II. OTHER INFORMATION

Item 1.	Legal Proceedings	45

Item 1A.	Risk Factors	45

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	45

Item 3.	Defaults Upon Senior Securities	45

Item 4.	Mine Safety Disclosures	45

Item 5.	Other Information	45

Item 6.	Exhibits	45

Signatures		46

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

AMERICAN CAPITAL SENIOR FLOATING, LTD.

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

(in thousands, except per share data)



	June 30, 2018			December 31, 2017
	(unaudited)
Assets:
Investments, fair value (cost of $233,842 and $241,228, respectively)	$	223,926		$	229,240
Cash and cash equivalents	3,539			1,756
Receivable for investments sold	2,693			2,324
Deferred financing costs	43			89
Interest receivable	417			669
Prepaid expenses and other assets	696			579
Total assets	$	231,314		$	234,657
Liabilities:
Secured revolving credit facility payable (see Note 7)	$	92,300		$	87,500
Payable for investments purchased	9,239			14,413
Distributions to stockholders payable (see Note 9)	970			970
Management fee payable (see Note 3)	473			494
Interest payable (see Note 7)	33			36
Taxes payable	—			70
Payable to affiliate (see Note 4)	10			14
Other liabilities and accrued expenses	651			304
Total liabilities	103,676			103,801
Commitments and contingencies (see Note 10)
Net Assets:
Common stock, par value $0.01 per share; 10,000 issued and outstanding; 300,000 authorized	100			100
Paid-in capital in excess of par	150,879			150,879
Accumulated overdistributed net investment income	(1,640		)	(136		)
Accumulated net realized loss from investments	(11,785		)	(7,999		)
Net unrealized loss on investments	(9,916		)	(11,988		)
Total net assets	127,638			130,856
Total liabilities and net assets	$	231,314		$	234,657
Net asset value per share outstanding	$	12.76		$	13.09

See notes to consolidated financial statements.

AMERICAN CAPITAL SENIOR FLOATING, LTD.

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

(in thousands, except per share data)



	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Investment Income:
Interest	$	4,201		$	4,119		$	8,279		$	8,731
Total investment income	4,201			4,119			8,279			8,731
Expenses:
Interest and commitment fee (see Note 7)	929			746			1,805			1,456
Management fee (see Note 3)	473			533			942			1,064
Professional fees	350			260			573			603
Insurance	100			91			204			239
Amortization of deferred financing costs	23			23			46			46
Other general and administrative expenses	219			190			387			413
Total expenses	2,094			1,843			3,957			3,821
Expense reimbursement (see Note 3)	—			(176		)	—			(614		)
Net expenses	2,094			1,667			3,957			3,207
Net investment income before taxes	2,107			2,452			4,322			5,524
Income tax provision, including excise tax	(6		)	(9		)	(6		)	(28		)
Net investment income	2,101			2,443			4,316			5,496
Net gain (loss) on investments:
Net realized loss on investments	(2,100		)	(3,735		)	(3,786		)	(3,273		)
Net unrealized gain (loss) on investments	(524		)	1,685			2,072			922
Net loss on investments	(2,624		)	(2,050		)	(1,714		)	(2,351		)
Net increase (decrease) in net assets resulting from operations (“Net Earnings (Losses)”)	$	(523	)	$	393		$	2,602		$	3,145

Net investment income per share	$	0.21		$	0.24		$	0.43		$	0.55
Net Earnings (Losses) per share (see Note 5)	$	(0.05	)	$	0.04		$	0.26		$	0.31
Distributions to stockholders declared per share	$	0.29		$	0.29		$	0.58		$	0.58
Weighted average shares outstanding	10,000			10,000			10,000			10,000

See notes to consolidated financial statements.

AMERICAN CAPITAL SENIOR FLOATING, LTD.

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

(unaudited, in thousands)



	Six Months Ended June 30,
	2018			2017
Operations:
Net investment income	$	4,316		$	5,496
Net realized loss on investments	(3,786		)	(3,273		)
Net unrealized gain on investments	2,072			922
Net earnings	2,602			3,145

Distributions to stockholders:
From net investment income	(5,820		)	(5,820		)

Net decrease in net assets	(3,218		)	(2,675		)

Net assets, beginning of period	130,856			136,789
Net assets, end of period	$	127,638		$	134,114

Undistributed (overdistributed) net investment income included in net assets	$	(1,640	)	$	1,809
Common shares outstanding	10,000			10,000

AMERICAN CAPITAL SENIOR FLOATING, LTD.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited, in thousands)



	Six Months Ended June 30,
	2018			2017
Cash Flows from Operating Activities:
Net increase in stockholders' equity resulting from operations	$	2,602		$	3,145
Adjustments to reconcile net increase in net assets resulting from operations:
Net realized loss on investments	3,786			3,273
Net unrealized gain on investments	(2,072		)	(922		)
Accretion of CLO interest income	(2,517		)	(3,263		)
Net amortization of premium/discount on loans	(95		)	(127		)
Amortization of deferred financing costs	46			46
Purchase of investments	(55,309		)	(121,890		)
Proceeds from disposition of investments	61,521			116,665
Changes in operating assets and liabilities:
Payable for investments purchased	(5,174		)	10,205
Receivable for investments sold	(369		)	(448		)
Interest receivable	252			362
Prepaid expenses and other assets	(117		)	(613		)
Receivable from affiliate	—			122
Management fee payable	(20		)	(1,513		)
Interest payable	(3		)	(10		)
Taxes payable	(70		)	(89		)
Payable to affiliate	(4		)	(143		)
Other liabilities and accrued expenses	346			172
Net cash provided by operating activities	2,803			4,972
Cash Flows from Financing Activities:
Distributions to stockholders	(5,820		)	(5,820		)
Borrowings (repayments) on revolving credit facility	4,800			(6,700		)
Net cash used in financing activities	(1,020		)	(12,520		)
Net increase (decrease) in cash and cash equivalents	1,783			(7,548		)
Cash and cash equivalents at beginning of period	1,756			8,795
Cash and cash equivalents at end of period	$	3,539		$	1,247
Supplemental disclosure of cash flow information:
Cash paid for interest and commitment fees	$	1,809		$	1,466
Cash paid for income taxes	$	106		$	130
Cash received for income tax benefit	$	(30	)	$	(126	)
Distributions to stockholders declared and payable during the period	$	5,820		$	5,820

AMERICAN CAPITAL SENIOR FLOATING, LTD.

CONSOLIDATED SCHEDULE OF INVESTMENTS

JUNE 30, 2018

(unaudited, in thousands)



Description ^{(5), (12)}	Maturity	Interest Rate ⁽¹⁾		Basis Point Spread Above Index ⁽²⁾	LIBOR Interest Rate Floor		Industry	Par Amount		Cost		Fair Value
Non-Control/Non-Affiliate Investments
First Lien Floating Rate Loans —135.9% of Net Assets
1A Smart Start LLC	02/21/2022	6.59	%	L+ 4.50	1.00	%	Electronics/electric	$	751	$	749	$	753
24 Hour Fitness Worldwide, Inc.	05/30/2025	5.59	%	L+ 3.50	—	%	Leisure goods/activities/movies	1,931		1,921		1,933
Academy, Ltd.	07/01/2022	6.00	%	L+ 4.00	1.00	%	Retailers (except food and drug)	890		813		743
Access CIG, LLC	02/27/2025	5.84	%	L+ 3.75	—	%	Service & Equipment	2,217		2,208		2,224
Access CIG, LLC ⁽⁹⁾	02/27/2025	5.65	%	L+ 3.75	—	%	Service & Equipment	277		—		1
Access CIG, LLC ⁽⁷⁾	02/27/2025	6.09	%	L+ 3.75	—	%	Service & Equipment	500		500		502
Acrisure, LLC	11/22/2023	6.61	%	L+ 4.25	1.00	%	Banking, Finance & Insurance	329		328		328
Advanced Integration Technology LP ⁽⁶⁾	04/03/2023	7.22	%	L+ 4.75	1.00	%	Industrial Equipment	1,975		1,975		1,975
Air Medical Group Holdings Inc	04/28/2022	5.28	%	L+ 3.25	1.00	%	Health Care	2,434		2,434		2,370
Albertson's LLC	12/21/2022	5.34	%	L+ 3.00	0.75	%	Food/drug retailers	975		958		968
American Residential Services, LLC	06/30/2022	6.09	%	L+ 4.00	1.00	%	Ecological services and equipment	1,969		1,966		1,962
American Tire Distributors, Inc.	09/01/2021	6.34	%	L+ 4.25	1.00	%	Retailers (except food and drug)	951		949		615
AqGen Ascensus, Inc. ⁽⁶⁾	12/05/2022	5.59	%	L+ 3.50	1.00	%	Financial Intermediaries	1,711		1,671		1,713
Arctic Glacier U.S.A., Inc.	03/20/2024	5.59	%	L+ 3.50	1.00	%	Food Products	1,047		1,043		1,053
Argon Medical Devices, Inc.	01/23/2025	5.84	%	L+ 3.75	1.00	%	Health Care	1,496		1,489		1,503
Asurion, LLC ^{(6) (7)}	11/29/2024	5.34	%	L+ 3.00	—	%	Diversified Insurance	1,488		1,480		1,484
AVSC Holding Corp.	03/01/2025	5.23	%	L+ 3.25	1.00	%	Service & Equipment	1,807		1,802		1,792
BCP Raptor, LLC	06/24/2024	6.42	%	L+ 4.25	1.00	%	Energy	1,089		1,067		1,067
BCPE Eagle Buyer LLC ⁽⁶⁾	03/18/2024	6.34	%	L+ 4.25	1.00	%	Health Care	1,283		1,273		1,222
BJ's Wholesale Club, Inc.	02/03/2024	5.53	%	L+ 3.50	1.00	%	Food/drug retailers	1,884		1,882		1,886
Blackboard, Inc.	06/30/2021	7.36	%	L+ 5.00	1.00	%	Electronics/electric	2,375		2,375		2,255
Blackhawk Network Holdings Inc.	06/15/2025	5.07	%	L+ 3.00	—	%	Banking, Finance & Insurance	1,186		1,183		1,184
Brand Energy & Infrastructure Services, Inc.	06/21/2024	6.61	%	L+ 4.25	1.00	%	Oil and Gas	2,470		2,449		2,478
Brazos Delaware II, LLC ⁽⁶⁾	05/21/2025	6.09	%	L+ 4.00	—	%	Energy	1,087		1,082		1,090
Calceus Acquisition, Inc.	01/31/2020	6.10	%	L+ 4.00	1.00	%	Clothing/Textiles	2,274		2,277		2,242
Carestream Health, Inc.	06/07/2019	6.09	%	L+ 4.00	1.00	%	Health Care	771		771		772
CB Poly Investments, LLC ⁽⁶⁾	08/16/2023	5.84	%	L+ 3.75	1.00	%	Clothing/Textiles	1,721		1,710		1,730
Central Security Group, Inc.	10/06/2021	7.72	%	L+ 5.63	1.00	%	Electronics/electric	1,985		1,997		1,995
CIBT Global, Inc.	06/03/2024	6.05	%	L+ 3.75	1.00	%	Service & Equipment	993		990		996
CT Technologies Intermediate Holdings, Inc.	12/01/2021	6.34	%	L+ 4.25	1.00	%	Electronics/electric	485		484		460
Curvature, Inc.	10/30/2023	7.09	%	L+ 5.00	1.00	%	Business Equipment and Services	1,970		1,962		1,550
DJO Finance LLC	06/08/2020	5.56	%	L+ 3.25	1.00	%	Health Care	987		974		985
DTI Holdco, Inc.	09/29/2023	6.84	%	L+ 4.75	1.00	%	Electronics/electric	1,219		1,218		1,220
Dynacast International LLC	01/28/2022	5.58	%	L+ 3.25	1.00	%	Industrial Equipment	529		529		528
ECi Software Solutions, Inc.	09/27/2024	6.58	%	L+ 4.25	1.00	%	Technology	1,489		1,475		1,496
The Edelman Financial Center, LLC	11/11/2024	6.73	%	L+ 4.25	1.00	%	Banking, Finance & Insurance	1,531		1,527		1,537
The Edelman Financial Center, LLC ^{(3) (7)}	06/26/2025	5.59	%	L+ 3.25	—	%	Banking, Finance & Insurance	3,000		2,985		3,000

AMERICAN CAPITAL SENIOR FLOATING, LTD.

CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)

JUNE 30, 2018

(unaudited, in thousands)



Description ^{(5), (12)}	Maturity	Interest Rate ⁽¹⁾		Basis Point Spread Above Index ⁽²⁾	LIBOR Interest Rate Floor		Industry	Par Amount	Cost	Fair Value
First Lien Floating Rate Loans (continued) —135.9% of Net Assets (5)
EIG Investors Corp. ⁽³⁾	02/09/2023	6.07	%	L+ 3.75	1.00	%	Electronics/electric	2,173	2,169	2,176
Epicor Software Corporation ⁽⁷⁾	06/01/2022	5.35	%	L+ 3.25	1.00	%	Electronics/electric	2,039	2,027	2,035
ExamWorks Group, Inc.	07/27/2023	5.34	%	L+ 3.25	1.00	%	Business Equipment and Services	1,232	1,235	1,235
FHC Health Systems, Inc.	12/23/2021	6.09	%	L+ 4.00	1.00	%	Health Care	1,470	1,455	1,378
Go Wireless Inc. ⁽⁶⁾	12/22/2024	8.59	%	L+ 6.50	1.00	%	Telecommunications	1,432	1,419	1,421
Greeneden U.S. Holdings I, LLC	12/01/2023	5.59	%	L+ 3.50	—	%	Business Equipment and Services	494	488	494
Greenway Health, LLC	02/16/2024	6.08	%	L+ 3.75	1.00	%	Computers & Electronics	1,995	1,995	1,996
HGIM Corp. ⁽¹⁰⁾	06/18/2020	8.50	%	L+ 3.50	1.00	%	Surface transport	1,444	1,449	609
Highline Aftermarket Acquisition, LLC	04/26/2025	5.63	%	L+ 3.50	1.00	%	Automotive	3,000	3,000	3,013
Hummel Station LLC	10/27/2022	8.09	%	L+ 6.00	1.00	%	Energy	2,000	1,895	1,958
Hyland Software, Inc.	07/01/2022	5.34	%	L+ 3.25	0.75	%	Electronics/electric	2,427	2,415	2,437
Immucor, Inc.	06/15/2021	7.09	%	L+ 5.00	1.00	%	Conglomerates	2,475	2,456	2,511
Indra Holdings Corp.	05/01/2021	6.34	%	L+ 4.25	1.00	%	Clothing/Textiles	1,185	1,181	711
Infoblox Inc.	11/07/2023	6.59	%	L+ 4.50	—	%	Electronics/electric	1,869	1,846	1,889
Information Resources, Inc.	01/18/2024	6.57	%	L+ 4.25	1.00	%	Business Equipment and Services	2,401	2,391	2,405
Innovative XCessories & Services LLC ⁽⁶⁾	11/29/2022	6.84	%	L+ 4.75	1.00	%	Automotive	1,985	1,976	1,987
IPC Corp.	08/06/2021	6.86	%	L+ 4.50	1.00	%	Telecommunications	777	775	762
Ivanti Software, Inc.	01/20/2024	6.35	%	L+ 4.25	1.00	%	Electronics/electric	2,571	2,556	2,553
Jazz Acquisition, Inc.	06/19/2021	5.83	%	L+ 3.50	1.00	%	Aerospace and Defense	1,922	1,925	1,884
JC Penney Co Inc ⁽³⁾	06/23/2023	6.57	%	L+ 4.25	1.00	%	Retailers (except food and drug)	722	724	691
KEMET Corporation^{(3) (6)}	04/26/2024	8.09	%	L+ 6.00	1.00	%	Electronics	2,642	2,612	2,682
Kestra Financial, Inc.	06/24/2022	6.59	%	L+ 4.50	1.00	%	Banking, Finance & Insurance	995	986	995
Kingpin Intermediate Holdings LLC ⁽⁶⁾	07/03/2024	6.35	%	L+ 4.25	1.00	%	Service & Equipment	999	995	999
K-Mac Holdings Corp.	03/14/2025	5.34	%	L+ 3.25	—	%	Food service	998	995	993
Kronos Acquisition Intermediate Inc. ⁽⁷⁾	05/15/2023	6.09	%	L+ 4.00	1.00	%	Cosmetics/Toiletries	811	799	808
Learning Care Group (US) No. 2 Inc.	03/13/2025	5.61	%	L+ 3.25	1.00	%	Business Equipment and Services	1,247	1,244	1,242
Legalzoom.com, Inc. ⁽⁶⁾	11/21/2024	6.59	%	L+ 4.50	1.00	%	Technology	1,921	1,904	1,933
Liberty Cablevision of Puerto Rico LLC	01/07/2022	5.85	%	L+ 3.50	1.00	%	Cable and Satellite Television	1,000	995	972
LSF9 Atlantis Holdings LLC	05/01/2023	8.00	%	L+ 6.00	1.00	%	Telecommunications/Cellular Communications	2,068	2,067	2,052
MB Aerospace Holdings II Corp.	01/22/2025	5.59	%	L+ 3.50	1.00	%	Aerospace and Defense	1,990	1,981	1,996
McGraw-Hill Global Education Holdings, LLC	05/04/2022	6.09	%	L+ 4.00	1.00	%	Publishing	1,967	1,957	1,928
Mirion Technologies, Inc. ⁽⁶⁾	03/31/2022	7.08	%	L+ 4.75	1.00	%	Utilities	1,974	1,976	1,977
Mohegan Tribal Gaming Authority	10/13/2023	6.09	%	L+ 4.00	1.00	%	Lodging and Casinos	1,443	1,460	1,367
Murray Energy Corporation ⁽⁶⁾	10/16/2022	9.34	%	L+ 7.25	1.00	%	Nonferrous metals/minerals	981	956	922
Navicure, Inc.⁽⁶⁾	11/01/2024	5.84	%	L+ 3.75	1.00	%	Health Care	1,990	1,981	1,990
Navitas Midstream Midland Basin, LLC	12/13/2024	6.59	%	L+ 4.50	1.00	%	Oil and Gas	1,990	1,981	1,975

AMERICAN CAPITAL SENIOR FLOATING, LTD.

CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)

JUNE 30, 2018

(unaudited, in thousands)



Description ^{(5), (12)}	Maturity	Interest Rate ⁽¹⁾		Basis Point Spread Above Index ⁽²⁾	LIBOR Interest Rate Floor		Industry	Par Amount	Cost		Fair Value
First Lien Floating Rate Loans (continued) —135.9% of Net Assets (5)
NFP Corp	01/08/2024	5.09	%	L+ 3.00	1.00	%	Diversified Insurance	2,463	2,453		2,449
nThrive, Inc.	10/20/2022	6.59	%	L+ 4.50	1.00	%	Health Care	1,970	1,970		1,961
Oak Parent, Inc.	10/26/2023	6.59	%	L+ 4.50	1.00	%	Clothing/Textiles	946	940		878
Optiv Inc.	02/01/2024	5.31	%	L+ 3.25	1.00	%	Business Equipment and Services	1,029	1,026		1,003
PAE Holding Corporation	10/20/2022	7.59	%	L+ 5.50	1.00	%	Aerospace and Defense	535	527		538
Patterson Medical Supply, Inc.	08/29/2022	7.11	%	L+ 4.75	1.00	%	Health Care	1,988	1,967		1,904
Pike Corporation	03/23/2025	5.60	%	L+ 3.50	1.00	%	Utilities	1,418	1,415		1,425
Plaskolite, LLC ⁽⁶⁾	11/03/2022	5.59	%	L+ 3.50	1.00	%	Chemical/plastics	1,397	1,393		1,396
Plaze, Inc.	07/31/2022	5.83	%	L+ 3.50	1.00	%	Chemical/plastics	802	802		806
Pregis Holding I Corporation ⁽⁷⁾	05/20/2021	5.80	%	L+ 3.50	1.00	%	Chemical/plastics	1,587	1,574		1,583
ProAmpac PG Borrower LLC	11/20/2023	5.58	%	L+ 3.50	1.00	%	Containers and Glass Products	1,995	1,995		1,989
Project Alpha Intermediate Holding, Inc.	04/26/2024	5.99	%	L+ 3.50	1.00	%	Technology	1,747	1,740		1,741
Renaissance Learning, Inc.	05/30/2025	5.58	%	L+ 3.25	—	%	Electronics/electric	1,000	998		996
SciQuest, Inc. ⁽⁶⁾	12/28/2024	6.09	%	L+ 4.00	1.00	%	Technology	2,494	2,482		2,494
Serta Simmons Bedding, LLC	11/08/2023	5.81	%	L+ 3.50	1.00	%	Home Furnishings	1,975	1,967		1,687
SRS Distribution Inc.	05/23/2025	5.58	%	L+ 3.25	—	%	Building & Development	1,250	1,247		1,233
St. George's University Scholastic Services LLC	07/06/2022	5.85	%	L+ 3.75	1.00	%	Education	2,432	2,432		2,455
St. George's University Scholastic Services LLC ^{(6) (7)}	06/15/2025	5.84	%	L+ 3.50	—	%	Education	2,077	2,067		2,082
St. George's University Scholastic Services LLC ^{(6) (7) (9)}	06/22/2025	5.84	%	L+ 3.50	—	%	Education	646	(3	)	2
StandardAero Aviation Holdings, Inc.	07/07/2022	5.84	%	L+ 3.75	1.00	%	Aerospace and Defense	1,148	1,144		1,151
Sterigenics-Nordion Holdings, LLC	05/15/2022	5.33	%	L+ 3.00	1.00	%	Health Care	882	877		881
Strategic Partners Acquisition Corp.	06/30/2023	5.84	%	L+ 3.75	1.00	%	Clothing/Textiles	1,905	1,905		1,924
Summit Midstream Partners Holdings, LLC ⁽³⁾	05/13/2022	8.09	%	L+ 6.00	1.00	%	Oil and Gas	513	509		519
Syniverse Holdings Inc	03/09/2023	7.05	%	L+ 5.00	1.00	%	Telecommunications	998	988		998
Thermasys Corp.	05/03/2019	6.34	%	L+ 4.00	1.25	%	Industrial Equipment	423	423		411
TIBCO Software Inc	12/04/2020	5.60	%	L+ 3.50	1.00	%	Business Equipment and Services	1,479	1,487		1,481
TravelCLICK, Inc. ⁽³⁾	05/06/2021	5.59	%	L+ 3.50	1.00	%	Food service	535	524		541
Tricorbraun Holdings, Inc.	11/30/2023	6.08	%	L+ 3.75	1.00	%	Containers and Glass Products	90	91		90
Tricorbraun Holdings, Inc.	11/30/2023	6.08	%	L+ 3.75	—	%	Containers and Glass Products	895	910		896
Truck Hero, Inc.	04/22/2024	5.84	%	L+ 3.75	1.00	%	Automotive	2,620	2,601		2,624
Turbocombustor Technology, Inc.⁽⁶⁾	12/02/2020	6.59	%	L+ 4.50	1.00	%	Aerospace and Defense	3,343	3,331		3,192
TVC Albany, Inc. ⁽⁶⁾	09/18/2024	6.09	%	L+ 4.00	1.00	%	Utilities	1,990	1,990		1,995
U.S. Security Associates Holdings, Inc.	07/14/2023	5.83	%	L+ 3.50	1.00	%	Service & Equipment	1,990	1,990		1,996
Valeant Pharmaceuticals International, Inc. ⁽³⁾	06/02/2025	4.98	%	L+ 3.00	—	%	Drugs	457	454		456
Vantage Specialty Chemicals, Inc.	10/28/2024	6.09	%	L+ 4.00	1.00	%	Chemical/plastics	668	665		673
Veritas US Inc. ⁽³⁾	01/27/2023	6.59	%	L+ 4.50	1.00	%	Electronics/electric	1,973	1,938		1,812

AMERICAN CAPITAL SENIOR FLOATING, LTD.

CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)

JUNE 30, 2018

(unaudited, in thousands)



Description ^{(5), (12)}	Maturity	Interest Rate ⁽¹⁾		Basis Point Spread Above Index ⁽²⁾	LIBOR Interest Rate Floor		Industry	Par Amount		Cost		Fair Value
First Lien Floating Rate Loans (continued) —135.9% of Net Assets (5)
VF Holding Corp.	06/30/2023	5.34	%	L+ 3.25	1.00	%	Insurance	1,033		1,030		1,028
VF Holding Corp. ⁽⁷⁾	06/04/2025	4.81	%	L+ 2.50	—	%	Insurance	1,000		995		995
West Corporation	10/10/2024	5.59	%	L+ 3.50	1.00	%	Conglomerates	2,462		2,459		2,446
Woodford Express, LLC	01/27/2025	7.09	%	L+ 5.00	1.00	%	Energy	1,995		1,976		1,937
WP CPP Holdings, LLC	04/30/2025	6.28	%	L+ 3.75	1.00	%	Aerospace and Defense	2,500		2,494		2,515
YI, LLC	11/07/2024	6.33	%	L+ 4.00	1.00	%	Health Care	1,416		1,410		1,421
YI, LLC ⁽⁹⁾	11/07/2024	6.33	%	L+ 4.00	1.00	%	Health Care	553		265		268
Zest Acquisition Corp. ⁽⁶⁾	03/14/2025	5.84	%	L+ 3.50	—	%	Health Care	1,995		1,985		1,997
Total First Lien Floating Rate Loans								$	178,319	$	176,195	$	173,457
Second Lien Floating Rate Loans —10% of Net Assets
Advantage Sales & Marketing Inc.	07/25/2022	8.59	%	L+ 6.50	1.00	%	Business Equipment and Services	$	1,000	$	996	$	905
Albany Molecular Research, Inc.	08/30/2025	9.09	%	L+ 7.00	1.00	%	Health Care	3,002		3,052		3,006
Almonde Inc ⁽³⁾	06/13/2025	9.56	%	L+ 7.25	1.00	%	Technology	608		603		588
Anchor Glass Container Corporation	12/07/2024	9.81	%	L+ 7.75	1.00	%	Containers and Glass Products	500		496		330
Applied Systems, Inc.	09/19/2025	9.33	%	L+ 7.00	1.00	%	Technology	344		344		356
Asurion, LLC ^{(6) (7)}	08/04/2025	8.09	%	L+ 6.00	—	%	Diversified Insurance	823		822		836
AVSC Holding Corp.	09/01/2025	9.34	%	L+ 7.25	1.00	%	Service & Equipment	1,077		1,075		1,072
BJ's Wholesale Club, Inc.	02/03/2025	9.53	%	L+ 7.50	1.00	%	Food/drug retailers	841		822		852
CH Hold Corp. ⁽⁶⁾	02/03/2025	9.34	%	L+ 7.25	1.00	%	Automotive	149		148		151
Hyland Software Inc.	07/07/2025	9.09	%	L+ 7.00	0.75	%	Electronics/electric	605		604		616
Jazz Acquisition, Inc.	06/19/2022	9.08	%	L+ 6.75	1.00	%	Aerospace and Defense	1,250		1,253		1,194
Navicure, Inc. ⁽⁶⁾	10/31/2025	9.59	%	L+ 7.50	1.00	%	Health Care	500		495		503
Optiv Inc.	01/31/2025	9.31	%	L+ 7.25	1.00	%	Business Equipment and Services	444		443		431
ProAmpac PG Borrower LLC	11/18/2024	10.58	%	L+ 8.50	1.00	%	Containers and Glass Products	500		494		508
Ranpak Corp.	10/03/2022	9.34	%	L+ 7.25	1.00	%	Containers and Glass Products	820		820		826
Vantage Specialty Chemicals, Inc.	10/27/2025	10.35	%	L+ 8.25	1.00	%	Chemical/plastics	125		123		126
WP CPP Holdings, LLC	04/30/2026	10.28	%	L+ 7.75	1.00	%	Aerospace and Defense	500		495		501
Total Second Lien Floating Rate Loans								$	13,088	$	13,085	$	12,801
CLO Equity —29.4% of Net Assets
AMMC 2017-21A, Subordinated Notes ^{(3) (4) (6)}	11/02/2030	8.50	%					$	2,750	$	2,597	$	2,272
Apidos CLO XIV, Income Notes ^{(3) (4) (6)}	04/15/2025	—	%					5,900		1,277		75
Apidos CLO XVIII, Income Notes ^{(3) (4) (6)}	07/22/2026	—	%					2,500		1,630		1,323
Apidos CLO XXVII, Subordinated Notes ^{(3) (4) (6)}	07/17/2030	7.78	%					5,000		4,103		3,728
Ares XXIX CLO Ltd., Subordinated Notes^{(3) (4) (6)}	04/17/2026	5.92	%					4,750		3,115		2,028
Avery Point II CLO, Income Notes ^{(3) (4) (6)}	07/17/2025	—	%					3,200		1,255		48
Babson 2015-1, Income Notes ^{(3) (4) (6)}	01/20/2031	15.12	%					2,840		1,979		1,812

AMERICAN CAPITAL SENIOR FLOATING, LTD.

CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)

JUNE 30, 2018

(unaudited, in thousands)



Description ^{(5), (12)}	Maturity	Interest Rate ⁽¹⁾		Basis Point Spread Above Index ⁽²⁾	LIBOR Interest Rate Floor	Industry	Par Amount		Cost		Fair Value
CLO Equity (continued) —29.4% of Net Assets
Carlyle Global Market Strategies CLO 2015-3, LTD., Subordinated Notes ^{(3) (4) (6)}	07/28/2028	10.55	%				3,000		2,208		2,282
Carlyle Global Market Strategies CLO 2017-3, LTD., Subordinated Notes ^{(3) (4) (6)}	07/20/2029	10.16	%				2,000		1,731		1,805
Cent CLO 18 Limited, Subordinated Notes^{(3) (4) (6)}	07/23/2025	—	%				4,675		2,346		1,994
Cent CLO 19 Limited, Subordinated Notes ^{(3) (4) (6)}	10/29/2025	13.45	%				2,750		2,064		1,614
Dryden 30 Senior Loan Fund, Subordinated Notes ^{(3) (4) (6)}	11/15/2028	19.37	%				2,500		1,399		1,400
Dryden 30A Senior Loan Fund, Subordinated Notes ^{(3) (4) (6)}	11/15/2028	17.97	%				250		126		140
Dryden 38 Senior Loan Fund, Subordinated Notes ^{(3) (4) (6)}	07/15/2027	8.65	%				3,000		2,272		2,062
Galaxy XVI CLO, Ltd., Subordinated Notes^{(3) (4) (6)}	11/16/2025	10.94	%				2,750		1,682		1,201
Highbridge Loan Management 2013-2, Ltd., Subordinated Notes ^{(3) (4) (6)}	10/20/2029	11.67	%				1,401		847		817
Magnetite VIII, Limited, Subordinated Notes^{(3) (4) (6)}	04/15/2031	11.08	%				3,000		2,063		2,071
Neuberger Berman CLO XV, Ltd., Subordinated Notes ^{(3) (4) (6)}	10/15/2029	8.14	%				3,410		1,949		1,733
Octagon Investment Partners XX, Ltd., Subordinated Notes ^{(3) (4) (6)}	08/12/2026	6.46	%				2,500		1,639		1,180
OZLM XIX, Subordinated Notes ^{(3) (4) (6)}	11/22/2030	8.90	%				1,500		1,364		1,275
OZLM XXI, Subordinated Notes ^{(3) (4) (6)}	01/20/2031	9.72	%				1,750		1,664		1,636
Venture XVIII CLO, Subordinated Notes ^{(3) (4) (6)}	10/15/2029	12.60	%				1,750		1,223		1,257
Voya 2017-2, Subordinated Notes ^{(3) (4) (6)}	06/07/2030	8.58	%				2,000		1,760		1,727
Voya CLO 2017-4, Subordinated Notes ^{(3) (4) (6)}	10/15/2030	8.63	%				2,270		2,269		2,087
Total CLO Equity							$	67,446	$	44,562	$	37,567
Common Equity —0.1% of Net Assets
Ameriforge Group Inc., Common Equity (1,570 shares) ^{(6) (11)}							$	2	$	—	$	101
Total Common Equity							$	2	$	—	$	101
Warrants —0% of Net Assets
Ameriforge Group Inc., Warrants (4,984 shares) ^{(6) (11)}							$	5	$	—	$	—
Total Warrants							$	5	$	—	$	—
Total Non-Control/Non-Affiliate Investments (8) —175.4% of Net Assets							$	258,860	$	233,842	$	223,926
Liabilities in Excess of Other Assets — (75.4%) of Net Assets											(96,288		)
Net Assets — 100.0%											$	127,638


(1)	For each debt investment we have provided the weighted-average interest rate in effect as of June 30, 2018. For each CLO investment we have provided the yield as of June 30, 2018 determined using the effective interest method that will be applied to the current amortized cost of the investment

AMERICAN CAPITAL SENIOR FLOATING, LTD.

CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)

JUNE 30, 2018

(unaudited, in thousands)

in the following quarter. See “Note 2 - Significant Accounting Policies” to the consolidated financial statements regarding the recognition of investment income on CLOs.


(2)	Floating rate debt investments typically accrue interest at a predetermined spread relative to an index, typically the London Interbank Offered Rate (“LIBOR” or “L”) or the prime index rate (“PRIME” or “P”), and reset monthly, quarterly or semi-annually. These instruments may be subject to a LIBOR or PRIME rate floor.


(3)	Investments that are not “qualifying assets” under Section 55(a) of the 1940 Act. Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of our total assets. As of June 30, 2018, qualifying assets represented 78% of total assets at fair value.


(4)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions that are exempt from registration, normally to qualified institutional buyers.


(5)	All first lien floating rate loans and second lien floating rate loans are held at ACSF Funding I, LLC (“ACSF Funding”), a wholly owned special purpose financing vehicle, and are pledged as collateral for a secured revolving credit facility (see “Note 7 - Debt”).


(6)	Fair value was determined using significant unobservable inputs and are classified as Level 3 in the fair value hierarchy.


(7)	All or a portion of this position has not settled as of June 30, 2018.


(8)	Net estimated unrealized loss for federal income tax purposes was $12,323 as of June 30, 2018 based on a tax cost of $236,249. Estimated aggregate gross unrealized loss for federal income tax purposes as of June 30, 2018 is $13,810; estimated aggregate gross unrealized gain for federal income tax purposes as of June 30, 2018 was $1,487.

(9)

As of June 30, 2018, the Company had the following commitments to fund various delayed draw “Senior Floating Rate Loans” or “SFRLs.” Such commitments are subject to the satisfaction of certain conditions set forth in the documents governing these loans and there can be no assurance that such conditions will be satisfied. See Note 10 to the consolidated financial statements for further information on delayed draw loan commitments.



(in thousands) Portfolio Company	Total revolving and delayed draw loan commitments		Less: drawn commitments		Total undrawn commitments
Access CIG, LLC	$	277	$	—	$	277
St. George's University Scholastic Services LLC	646		—		646
YI, LLC	553		266		$	287
	$	1,476	$	266	$	1,210


(10)	Investment was placed on non-accrual status as of June 30, 2018.


(11)	Non-income producing.


(12)	All of the Company’s portfolio company investments, which as of June 30, 2018 represented 175.4% of the Company’s net assets or 96.8% of the Company’s total assets, were subject to legal restrictions on sales.

AMERICAN CAPITAL SENIOR FLOATING, LTD.

CONSOLIDATED SCHEDULE OF INVESTMENTS

DECEMBER 31, 2017

(in thousands)



Description ⁽¹²⁾	Maturity	Interest Rate ⁽¹⁾		Basis Point Spread Above Index ⁽²⁾	LIBOR Interest Rate Floor		Industry	Par Amount		Cost		Fair Value
Non-Control/Non-Affiliate Investments
First Lien Floating Rate Loans —130.6% of Net Assets (5)
1A Smart Start LLC ^{(6) (7)}	2/21/2022	6.19	%	L+ 4.50	1.00	%	Electronics/Electric	$	753	$	751	$	754
24 Hour Fitness Worldwide, Inc.	5/28/2021	5.44	%	L+ 3.75	1.00	%	Leisure Goods/Activities/Movies	1,932		1,928		1,937
Academy, Ltd.	7/1/2022	5.57	%	L+ 4.00	1.00	%	Retailers (except Food and Drug)	895		807		709
Acosta, Inc.	9/26/2021	4.82	%	L+ 3.25	1.00	%	Business Equipment and Services	2,425		2,401		2,142
Acrisure, LLC	11/22/2023	5.65	%	L+ 4.25	1.00	%	Banking, Finance & Insurance	330		329		334
Advanced Integration Technology LP ⁽⁶⁾	4/3/2023	6.32	%	L+ 4.75	1.00	%	Industrial Equipment	1,985		1,985		2,000
Aegis Toxicology Sciences Corporation	2/24/2021	6.17	%	L+ 4.50	1.00	%	Health Care	1,608		1,603		1,558
Air Medical Group Holdings, Inc.	4/28/2022	4.94	%	L+ 3.25	1.00	%	Health Care	1,950		1,953		1,946
Air Medical Group Holdings, Inc.	4/28/2022	5.67	%	L+ 4.00	1.00	%	Health Care	496		494		497
Albertson's LLC	12/21/2022	4.67	%	L+ 3.00	0.75	%	Food/Drug Retailers	980		961		962
American Residential Services, LLC	6/30/2022	5.57	%	L+ 4.00	1.00	%	Ecological Services and Equipment	1,980		1,975		1,987
American Tire Distributors, Inc.	9/1/2021	5.82	%	L+ 4.25	1.00	%	Retailers (except Food and Drug)	956		953		964
AqGen Ascensus, Inc.	12/5/2022	5.69	%	L+ 4.00	1.00	%	Financial Intermediaries	1,719		1,675		1,728
Arctic Glacier U.S.A., Inc.	3/20/2024	5.82	%	L+ 4.25	1.00	%	Food Products	993		988		1,005
Ardent Legacy Acquisitions, Inc.	8/4/2021	7.07	%	L+ 5.50	1.00	%	Health Care	321		319		322
Argon Medical Devices, Inc. ⁽⁷⁾	10/27/2024	5.25	%	L+ 4.25	1.00	%	Health Care	1,500		1,493		1,512
AssuredPartners, Inc.	10/22/2024	5.07	%	L+ 3.50	—	%	Insurance	1,327		1,327		1,337
BCP Raptor, LLC	6/24/2024	5.73	%	L+ 4.25	1.00	%	Energy	1,095		1,071		1,101
BCPE Eagle Buyer LLC ⁽⁶⁾	3/16/2024	5.82	%	L+ 4.25	1.00	%	Health Care	1,290		1,278		1,264
Big Jack Holdings LP ⁽⁶⁾	4/5/2024	5.57	%	L+ 4.00	1.00	%	Food/Drug Retailers	1,858		1,850		1,865
BJ's Wholesale Club, Inc.	2/3/2024	4.95	%	L+ 3.50	1.00	%	Food/Drug Retailers	1,894		1,891		1,866
Blackboard, Inc.	6/30/2021	6.35	%	L+ 5.00	1.00	%	Electronics/Electric	2,387		2,387		2,369
Brand Energy & Infrastructure Services, Inc.	6/21/2024	5.61	%	L+ 4.25	1.00	%	Oil and Gas	2,483		2,459		2,495
Calceus Acquisition, Inc.	1/31/2020	5.57	%	L+ 4.00	1.00	%	Clothing/Textiles	2,286		2,289		2,143
Catalina Marketing Corporation	4/9/2021	5.07	%	L+ 3.50	1.00	%	Business Equipment and Services	2,388		2,387		1,883
CB Poly Investments, LLC	8/16/2023	6.32	%	L+ 4.75	1.00	%	Clothing/Textiles	1,731		1,719		1,745
Central Security Group, Inc.	10/6/2021	7.19	%	L+ 5.63	1.00	%	Electronics/Electric	1,995		2,009		2,005
Charter NEX US, Inc.	5/16/2024	4.82	%	L+ 3.25	1.00	%	Manufacturing	597		594		599
CIBT Global, Inc.	6/1/2024	5.44	%	L+ 3.75	1.00	%	Service & Equipment	995		993		1,000
Comfort Holding, LLC	2/5/2024	6.18	%	L+ 4.75	1.00	%	Home Furnishings	2,252		2,240		2,056
CT Technologies Intermediate Holdings, Inc.	12/1/2021	5.82	%	L+ 4.25	1.00	%	Electronics/Electric	488		486		487
DiversiTech Holdings, Inc.	6/3/2024	5.20	%	L+ 3.50	1.00	%	Industrials	1,990		1,985		2,002
DJO Finance LLC	6/8/2020	4.59	%	L+ 3.25	1.00	%	Health Care	992		976		981
DTI Holdco, Inc.	10/2/2023	6.63	%	L+ 5.25	1.00	%	Electronics/Electric	742		741		742
Dynacast International LLC	1/28/2022	4.94	%	L+ 3.25	1.00	%	Industrial Equipment	531		531		535
Eastern Power, LLC	10/2/2023	5.32	%	L+ 3.75	1.00	%	Utilities	1,885		1,876		1,904
ECi Software Solutions, Inc.	9/27/2024	5.94	%	L+ 4.25	1.00	%	Technology	1,496		1,482		1,511
EIG Investors Corp. ⁽³⁾	2/9/2023	5.46	%	L+ 4.00	1.00	%	Electronics/Electric	2,244		2,238		2,261
Epicor Software Corporation	6/1/2022	5.32	%	L+ 3.75	1.00	%	Electronics/Electric	1,949		1,936		1,956

AMERICAN CAPITAL SENIOR FLOATING, LTD.

CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)

DECEMBER 31, 2017

(in thousands)



Description ⁽¹²⁾	Maturity	Interest Rate ⁽¹⁾		Basis Point Spread Above Index ⁽²⁾	LIBOR Interest Rate Floor		Industry	Par Amount		Cost		Fair Value
First Lien Floating Rate Loans (continued) —130.6% of Net Assets (5)
ExamWorks Group, Inc.	7/27/2023	4.82	%	L+ 3.25	1.00	%	Business Equipment and Services	$	988	$	991	$	995
Fairmount Santrol Inc.	11/1/2022	7.69	%	L+ 6.00	1.00	%	Nonferrous Metals/Minerals	1,811		1,785		1,837
FHC Health Systems, Inc.	12/23/2021	5.57	%	L+ 4.00	1.00	%	Health Care	1,477		1,461		1,449
Flexera Software LLC	4/2/2020	5.07	%	L+ 3.50	1.00	%	Electronics/Electric	993		993		999
Genesys Telecommunications Laboratories, Inc	12/1/2023	5.44	%	L+ 3.75	—	%	Business Equipment and Services	496		490		500
Go Wireless Inc. ⁽⁷⁾	12/24/2024	7.50	%	L+ 6.50	1.00	%	Telecommunications	1,469		1,454		1,458
HGIM Corp. ^{(6) (10)}	6/18/2020	7.75	%	L+ 3.50	1.00	%	Surface Transport	1,444		1,449		570
Hummel Station LLC ⁽⁶⁾	10/27/2022	7.57	%	L+ 6.00	1.00	%	Energy	2,000		1,883		1,900
Hyland Software, Inc.	7/1/2022	4.82	%	L+ 3.25	0.75	%	Electronics/Electric	2,440		2,425		2,460
IBC Capital Limited ⁽³⁾	9/9/2021	5.29	%	L+ 3.75	1.00	%	Business Equipment and Services	987		980		989
Immucor, Inc.	6/15/2021	6.57	%	L+ 5.00	1.00	%	Conglomerates	2,488		2,465		2,533
Indra Holdings Corp.	5/1/2021	5.63	%	L+ 4.25	1.00	%	Clothing/Textiles	1,185		1,180		701
Infoblox Inc.	11/7/2023	6.57	%	L+ 5.00	1.00	%	Electronics/Electric	1,920		1,894		1,935
Informatica Corporation	8/5/2022	5.19	%	L+ 3.50	1.00	%	Electronics/Electric	1,928		1,925		1,937
Information Resources, Inc.	1/18/2024	5.62	%	L+ 4.25	1.00	%	Business Equipment and Services	2,413		2,403		2,429
Innovative XCessories & Services LLC _{(6) (7)}	11/29/2022	6.21	%	L+ 4.75	1.00	%	Automotive	1,997		1,987		2,022
IPC Corp. ⁽⁶⁾	8/6/2021	5.88	%	L+ 4.50	1.00	%	Telecommunications	1,459		1,455		1,433
JAGGAER, Inc. ^{(6) (7)}	12/21/2024	5.00	%	L+ 4.00	1.00	%	Technology	2,500		2,487		2,494
Jazz Acquisition, Inc.	6/19/2021	5.19	%	L+ 3.50	1.00	%	Aerospace and Defense	1,932		1,935		1,891
JC Penney Co Inc ⁽³⁾	6/23/2023	5.73	%	L+ 4.25	1.00	%	Retailers (except Food and Drug)	731		734		686
Jo-Ann Stores, Inc.	10/20/2023	6.55	%	L+ 5.00	1.00	%	Retailers (except Food and Drug)	564		555		545
KEMET Corporation ^{(3), (6)}	4/26/2024	7.57	%	L+ 6.00	1.00	%	Electronics	2,712		2,678		2,742
Kingpin Intermediate Holdings LLC ⁽⁶⁾	7/3/2024	5.73	%	L+ 4.25	1.00	%

American Capital Senior Floating, Ltd. 10-Q