UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-22874
THL CREDIT
SENIOR LOAN FUND
(Exact
name of registrant as specified in charter)
227 West
Monroe Street, Suite 3200
Chicago, IL 60606
(Address of principal executive offices) (Zip code)
Sabrina Rusnak-Carlson
100 Federal St., 31st Floor
Boston,
MA 02110
(Name
and address of agent for service)
Copies of Communications to:
Nicole M. Runyan
Proskauer Rose LLP
Eleven Times Square
New York, NY 10036
Registrant's telephone number, including
area code: (312) 702-8199
Date of fiscal year end: December 31
Date of reporting period: September 30,
2019
Form N-Q is to be used by management investment
companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter),
to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to
rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form
N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the
information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond
to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget
("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate
and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington,
DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Schedule of Investments.
The Schedule(s) of Investments is attached
herewith.
|
THL Credit Senior Loan Fund
|
|
|
Schedule of Investments†
(unaudited)
|
September 30, 2019
|
|
Investments
|
|
Principal
|
|
|
Value
|
|
|
SENIOR
LOANS(a) – 135.8% (94.0% of Total Investments)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aerospace & Defense – 3.3%
|
|
|
|
|
|
|
|
|
|
Advanced
Integration Technology LP, Term B-1 Loan - First Lien, 6.790% (1-Month USD LIBOR + 4.750%, 1.000% Floor), 04/03/23(b)
|
|
$
|
1,455,188
|
|
|
$
|
1,438,817
|
|
|
Constellis Holdings
LLC, Term Loan B - First Lien, 7.260% (3-Month USD LIBOR + 5.000%, 1.000% Floor), 04/22/24
|
|
|
2,253,473
|
|
|
|
1,382,664
|
|
|
Constellis Holdings
LLC, Term Loan B - Second Lien, 11.260% (3-Month USD LIBOR + 9.000%, 1.000% Floor), 04/21/25
|
|
|
1,257,500
|
|
|
|
268,262
|
|
|
WP
CPP Holdings (Consolidated Precision), Initial Term Loan - First Lien, 6.010% (3-Month USD LIBOR + 3.750%, 0.000% Floor),
04/30/25
|
|
|
990,000
|
|
|
|
992,787
|
|
|
Total
Aerospace & Defense
|
|
|
|
|
|
|
4,082,530
|
|
|
|
|
|
|
|
|
|
|
|
|
Automotive – 4.0%
|
|
|
|
|
|
|
|
|
|
APC Aftermarket
(AP Exhaust Acquisition/CWD LLC), Initial Term Loan - First Lien, 7.180% (3-Month USD LIBOR + 5.000%, 1.000% Floor), 05/10/24
|
|
|
1,008,434
|
|
|
|
767,418
|
|
|
Jason Incorporated,
Initial Term Loan - First lien, 6.590% (1-Month and 3-Month USD LIBOR + 4.500%, 1.000% Floor), 06/30/21
|
|
|
1,187,317
|
|
|
|
1,052,901
|
|
|
Navistar, Inc.,
Tranche B Term Loan - First Lien, 5.530% (1-Month USD LIBOR + 3.500%, 0.000% Floor), 11/06/24
|
|
|
1,970,000
|
|
|
|
1,965,075
|
|
|
Panther
BF Aggregator 2 LP (Power Solutions), Term Loan B - First Lien, 5.540% (1-Month USD LIBOR + 3.500%, 0.000% Floor), 04/30/26
|
|
|
1,171,429
|
|
|
|
1,163,744
|
|
|
Total
Automotive
|
|
|
|
|
|
|
4,949,138
|
|
|
|
|
|
|
|
|
|
|
|
|
Banking, Finance, Insurance & Real Estate
– 6.8%
|
|
|
|
|
|
|
|
|
|
Alliant Holdings
Intermediate LLC (Alliant Holdings I LLC), 2018 Initial Term Loan - First Lien, 5.050% (1-Month USD LIBOR + 3.000%, 0.000%
Floor), 05/09/25
|
|
|
1,604,688
|
|
|
|
1,580,625
|
|
|
Aretec Group,
Inc. (Cetera Financial Group), Term Loan - First Lien, 6.290% (1-Month USD LIBOR + 4.250%, 0.000% Floor), 10/01/25
|
|
|
794,000
|
|
|
|
769,187
|
|
|
AssuredPartners
Capital, Inc., 2017 September Refinancing Term Loan - First Lien, 5.540% (1-Month USD LIBOR + 3.500%, 0.000% Floor), 10/22/24
|
|
|
489,349
|
|
|
|
488,050
|
|
|
Avision Young
Canada, Inc., Term Loan - First Lien, 7.160% (3-Month USD LIBOR + 5.000%, 0.000% Floor), 02/01/26
|
|
|
1,488,750
|
|
|
|
1,462,697
|
|
|
Focus Financial
Partners LLC, Tranche B-2 Term Loan, 4.540% (1-Month USD LIBOR + 2.500%, 0.000% Floor), 07/03/24
|
|
|
1,496,212
|
|
|
|
1,504,890
|
|
|
Kestra
Advisor Services Holdings A, Inc. (Kestra Financial),Term Loan - First Lien, 6.360% (3-Month USD LIBOR + 4.250%, 0.000% Floor),
06/03/26(b)
|
|
|
825,000
|
|
|
|
807,469
|
|
|
Sedgwick Claims
Management Services, Inc., Term Loan B - First Lien, 5.290% (1-Month USD LIBOR + 3.250%, 0.000% Floor), 12/31/25
|
|
|
459,031
|
|
|
|
452,109
|
|
|
USI,
Inc., Term Loan B - First Lien, 5.100% (3-Month USD LIBOR + 3.000%, 0.000% Floor), 05/16/24
|
|
|
1,470,000
|
|
|
|
1,447,649
|
|
|
Total
Banking, Finance, Insurance & Real Estate
|
|
|
|
|
|
|
8,512,676
|
|
See Notes to Schedule of Investments
|
THL Credit Senior Loan Fund
|
|
|
Schedule of Investments†
(unaudited) (continued)
|
September 30, 2019
|
|
Investments
|
|
Principal
|
|
|
Value
|
|
|
SENIOR
LOANS(a) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beverage, Food & Tobacco – 2.5%
|
|
|
|
|
|
|
|
|
|
B&G
Foods, Inc., Term Loan B (LIBOR + 2.750%, 0.000% Floor), 10/10/26(c)
|
|
$
|
750,000
|
|
|
$
|
754,455
|
|
|
CHG
PPC Parent LLC, Term Loan B - First Lien, 4.790% (1-Month USD LIBOR + 2.750%, 0.000% Floor), 03/31/25(b)
|
|
|
864,063
|
|
|
|
866,223
|
|
|
Flavors
Holdings, Inc., Initial Term Loan - Second Lien, 12.100% (3-Month USD LIBOR + 10.000%, 1.000% Floor), 10/03/21(b)
|
|
|
1,000,000
|
|
|
|
775,000
|
|
|
Flavors
Holdings, Inc., Tranche B Term Loan - First Lien, 7.850% (3-Month USD LIBOR + 5.750%, 1.000% Floor), 04/03/20(b)
|
|
|
723,571
|
|
|
|
674,730
|
|
|
Total
Beverage, Food & Tobacco
|
|
|
|
|
|
|
3,070,408
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Equipment – 5.4%
|
|
|
|
|
|
|
|
|
|
Advanced
Drainage Systems, Term Loan 2019 – First Lien (LIBOR + 2.250%, 0.000% Floor), 09/18/26(c)
|
|
|
1,500,000
|
|
|
|
1,508,753
|
|
|
Big Ass Fans
LLC, Term Loan - First Lien, 5.850% (3-Month USD LIBOR + 3.750%, 1.000% Floor), 05/21/24
|
|
|
994,887
|
|
|
|
998,001
|
|
|
Blount International,
Inc., 2018 Term Loan B - First Lien, 5.950% (3-Month USD LIBOR + 3.750%, 1.000% Floor), 04/12/23
|
|
|
987,538
|
|
|
|
989,695
|
|
|
Gates
Global LLC, Initial B-2 Dollar Term Loan, 4.790% (1-Month USD LIBOR + 2.750%, 1.000% Floor), 04/01/24(c)
|
|
|
1,357,340
|
|
|
|
1,338,988
|
|
|
Jeld-Wen,
Inc. (Onex BP Finance LP), Term Loan B 2017 (LIBOR + 2.000%, 0.000% Floor), 12/14/24(c)
|
|
|
997,462
|
|
|
|
999,083
|
|
|
Vertiv
Group Corp., Term Loan B - First Lien, 6.040% (1-Month USD LIBOR + 4.000%, 1.000% Floor), 11/30/23
|
|
|
1,002,155
|
|
|
|
956,121
|
|
|
Total
Capital Equipment
|
|
|
|
|
|
|
6,790,641
|
|
|
|
|
|
|
|
|
|
|
|
|
Chemicals, Plastics & Rubber – 1.8%
|
|
|
|
|
|
|
|
|
|
Ascend Performance
Materials Operations LLC, Term Loan B - First Lien, 7.350% (3-Month USD LIBOR + 5.250%, 1.000% Floor), 08/27/26
|
|
|
287,500
|
|
|
|
288,939
|
|
|
Polar
US Borrower (SI Group, Inc.), Term Loan - First Lien, 7.060% (3-Month USD LIBOR + 4.750%, 0.000% Floor), 10/15/25(b)
|
|
|
1,985,000
|
|
|
|
1,932,894
|
|
|
Total
Chemicals, Plastics & Rubber
|
|
|
|
|
|
|
2,221,833
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Building – 1.2%
|
|
|
|
|
|
|
|
|
|
Brookfield
WEC Holdings, Inc. (Westinghouse), Term Loan - First Lien, 5.540% (1-Month USD LIBOR + 3.500%, 0.750% Floor), 08/01/25
|
|
|
1,488,756
|
|
|
|
1,495,366
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Products: Durable – 1.3%
|
|
|
|
|
|
|
|
|
|
Serta Simmons
Bedding LLC, Term Loan - First Lien, 5.540% (1-Month USD LIBOR + 3.500%, 1.000% Floor), 11/08/23
|
|
|
1,884,048
|
|
|
|
1,169,052
|
|
|
Serta
Simmons Bedding LLC, Term Loan - Second Lien, 10.060% (1-Month USD LIBOR + 8.000%, 1.000% Floor), 11/08/24
|
|
|
1,450,000
|
|
|
|
495,414
|
|
|
Total
Consumer Products: Durable
|
|
|
|
|
|
|
1,664,466
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Products: Non Durable – 3.7%
|
|
|
|
|
|
|
|
|
|
ABG Intermediate
Holdings 2 LLC, Term Loan 2017 - First Lien, 5.540% (1-Month USD LIBOR + 3.500%, 1.000% Floor), 09/27/24
|
|
|
967,161
|
|
|
|
966,155
|
|
|
Edgewell
Personal Care Co., Term Loan B - First Lien (LIBOR + 3.000%, 0.000% Floor), 09/09/26(c)
|
|
|
825,000
|
|
|
|
827,582
|
|
|
International
Textile Group, Inc., Term Loan - First Lien, 7.100% (1-Month USD LIBOR + 5.000%, 0.000% Floor), 05/01/24(b)
|
|
|
185,806
|
|
|
|
158,864
|
|
See Notes to Schedule of Investments
|
THL Credit Senior Loan Fund
|
|
|
Schedule of Investments†
(unaudited) (continued)
|
September 30, 2019
|
|
Investments
|
|
Principal
|
|
|
Value
|
|
|
SENIOR
LOANS(a) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Products: Non Durable – 3.7% (continued)
|
|
|
|
|
|
|
|
|
|
Pure
Fishing, Inc. (SP PF Buyer), Term Loan - First Lien, 6.540% (1-Month USD LIBOR + 4.500%, 0.000% Floor), 12/21/25
|
|
$
|
995,000
|
|
|
$
|
888,868
|
|
|
Varsity Brands,
Inc. (Hercules Achievement), Initial Term Loan - First Lien, 5.540% (1-Month USD LIBOR + 3.500%, 1.000% Floor), 12/16/24
|
|
|
982,512
|
|
|
|
953,283
|
|
|
ZEP,
Inc. (Acuity Special Products), Initial Term Loan - First Lien, 6.040% (3-Month USD LIBOR + 4.000%, 1.000% Floor), 08/12/24
|
|
|
980,000
|
|
|
|
776,239
|
|
|
Total
Consumer Products: Non Durable
|
|
|
|
|
|
|
4,570,991
|
|
|
|
|
|
|
|
|
|
|
|
|
Containers, Packaging & Glass – 2.9%
|
|
|
|
|
|
|
|
|
|
Berry Global
Group, Inc. (fka Berry Plastics Corp.),Term Loan U - First Lien, 4.550% (1-Month USD LIBOR + 2.500%, 0.000% Floor), 05/15/26
|
|
|
2,493,750
|
|
|
|
2,508,675
|
|
|
Fortress
Merger Sub, Inc. (Fort Dearborn), Initial Term Loan - Second Lien, 10.810% (3-Month USD LIBOR + 8.500%, 1.000% Floor), 10/21/24(b)
|
|
|
1,140,000
|
|
|
|
1,077,300
|
|
|
Total
Containers, Packaging & Glass
|
|
|
|
|
|
|
3,585,975
|
|
|
|
|
|
|
|
|
|
|
|
|
Energy: Oil & Gas – 4.1%
|
|
|
|
|
|
|
|
|
|
Delek US Holdings,
Inc., Term Loan B - First Lien, 4.290% (1-Month USD LIBOR + 2.250%, 0.000% Floor), 03/30/25
|
|
|
738,760
|
|
|
|
738,299
|
|
|
HGIM
Corp. (Harvey Gulf), Term Loan (Exit) - First Lien, 8.030% (3-Month USD LIBOR + 6.000%, 1.000% Floor), 07/03/23(b)
|
|
|
2,529,969
|
|
|
|
2,188,423
|
|
|
Lower Cadence
Holdings LLC (Oryx Midstream),Term Loan B - First Lien, 6.050% (1-Month USD LIBOR + 4.000%, 0.000% Floor), 05/10/26
|
|
|
831,250
|
|
|
|
812,289
|
|
|
PSS
Industrial Group (Pipeline Supply & Service), Term Loan - First Lien, 8.200% (3-Month USD LIBOR + 6.000%, 1.500% Floor),
04/10/25(b)
|
|
|
433,730
|
|
|
|
429,935
|
|
|
W3 Topco LLC
(Total Safety), Delayed Draw Term Loan, 8.040% (3-Month USD LIBOR + 6.000%, 1.000% Floor), 08/13/25
|
|
|
102,041
|
|
|
|
96,620
|
|
|
W3
Topco LLC (Total Safety), Term Loan B - First Lien, 8.170% (3-Month USD LIBOR + 6.000%, 1.000% Floor), 08/16/25
|
|
|
897,959
|
|
|
|
850,255
|
|
|
Total
Energy: Oil & Gas
|
|
|
|
|
|
|
5,115,821
|
|
|
|
|
|
|
|
|
|
|
|
|
Environmental Industries – 0.7%
|
|
|
|
|
|
|
|
|
|
EnergySolutions
(Energy Capital Partners), Term Loan B - First Lien, 5.850% (3-Month USD LIBOR + 3.750%, 1.000% Floor), 05/09/25
|
|
|
987,500
|
|
|
|
925,781
|
|
|
|
|
|
|
|
|
|
|
|
|
Healthcare & Pharmaceuticals – 5.3%
|
|
|
|
|
|
|
|
|
|
Alvogen Pharma
US, Inc., Term Loan B - First Lien, 6.790% (1-Month USD LIBOR + 4.750%, 1.000% Floor), 04/01/22
|
|
|
2,293,492
|
|
|
|
2,085,931
|
|
|
Civitas Solutions,
Inc. (National Mentor Holding), Term Loan - First Lien, 6.300% (1-Month USD LIBOR + 4.250%, 0.000% Floor), 03/09/26
|
|
|
936,813
|
|
|
|
942,199
|
|
|
Civitas Solutions,
Inc. (National Mentor Holding), Term Loan C - First Lien, 6.300% (1-Month USD LIBOR + 4.250%, 0.000% Floor), 03/09/26
|
|
|
58,480
|
|
|
|
58,816
|
|
|
DaVita, Inc.
(DaVita HealthCare Partners, Inc.), Term Loan B - First Lien, 4.290% (1-Month USD LIBOR + 2.250%, 0.000% Floor), 08/12/26
|
|
|
500,000
|
|
|
|
503,410
|
|
See Notes to Schedule of Investments
|
THL Credit Senior Loan Fund
|
|
|
Schedule of Investments†
(unaudited) (continued)
|
September 30, 2019
|
|
Investments
|
|
Principal
|
|
|
Value
|
|
|
SENIOR
LOANS(a) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Healthcare & Pharmaceuticals – 5.3%
(continued)
|
|
|
|
|
|
|
|
|
|
LifeScan
Global Corp., Term Loan - First Lien, 8.660% (3-Month USD LIBOR + 6.000%, 0.000% Floor), 10/01/24
|
|
$
|
1,077,781
|
|
|
$
|
979,439
|
|
|
Midwest
Physician Administrative Services LLC (ACOF V DP Acquiror LLC aka Dupage Medical Group), Initial Term Loan - Second Lien,
9.040% (1-Month USD LIBOR + 7.000%, 0.750% Floor), 08/15/25(b)
|
|
|
734,282
|
|
|
|
712,254
|
|
|
RegionalCare
Hospital Partners Holdings, Inc. (Lifepoint Health), Term Loan B - First Lien, 6.550% (1-Month USD LIBOR + 4.500%, 0.000%
Floor), 11/14/25
|
|
|
1,395,703
|
|
|
|
1,399,088
|
|
|
Total
Healthcare & Pharmaceuticals
|
|
|
|
|
|
|
6,681,137
|
|
|
|
|
|
|
|
|
|
|
|
|
High Tech Industries – 32.0%
|
|
|
|
|
|
|
|
|
|
Advanced
Computer Software (Air Newco LLC), Term Loan B - First Lien (LIBOR + 4.250%, 0.000% Floor), 09/20/26(c)
|
|
|
1,000,000
|
|
|
|
995,630
|
|
|
Almonde, Inc.
(Misys/Finastra), Dollar Term Loan - Second Lien, 9.450% (3-Month USD LIBOR + 7.250%, 1.000% Floor), 06/13/25
|
|
|
500,000
|
|
|
|
480,315
|
|
|
Ancestry.com
Operations, Inc., Term Loan B - First Lien, 6.300% (1-Month USD LIBOR + 4.250%, 0.000% Floor), 08/27/26
|
|
|
994,979
|
|
|
|
975,080
|
|
|
AppLovin Corp.,
Term Loan B - First Lien, 5.790% (1-Month USD LIBOR + 3.750%, 0.000% Floor), 08/15/25
|
|
|
2,050,141
|
|
|
|
2,051,852
|
|
|
Aptean, Inc.,
Term Loan - First Lien, 6.350% (3-Month USD LIBOR + 4.250%, 0.000% Floor), 03/27/26
|
|
|
1,344,497
|
|
|
|
1,341,142
|
|
|
Banff Merger
Sub, Inc. (BMC), Term Loan B - First Lien, 6.290% (1-Month USD LIBOR + 4.250%, 0.000% Floor), 10/02/25
|
|
|
1,488,750
|
|
|
|
1,435,282
|
|
|
Canyon Valor
Cos. (GTCR Valor Cos., Inc. (aka Cision AB)), Initial Dollar Term Loan - First Lien, 4.850% (3-Month USD LIBOR + 2.750%, 0.000%
Floor), 06/16/23
|
|
|
1,863,382
|
|
|
|
1,863,382
|
|
|
Datto,
Inc., Term Loan - First Lien, 6.290% (1-Month USD LIBOR + 4.250%, 0.000% Floor), 04/02/26(b)
|
|
|
1,246,875
|
|
|
|
1,260,902
|
|
|
Dell International
LLC, Refinancing Term B-1 Loans, 4.050% (1-Month USD LIBOR + 2.000%, 0.750% Floor), 09/19/25
|
|
|
1,436,453
|
|
|
|
1,444,921
|
|
|
DigiCert,
Inc. (Unipeg Merger Corp.), Term Loan - Second Lien, 10.040% (1-Month USD LIBOR + 8.000%, 1.000% Floor), 10/31/25(b)
|
|
|
600,000
|
|
|
|
598,500
|
|
|
DigiCert, Inc.
(Unipeg Merger Corp.), Term Loan B2 2017 - First Lien, 6.040% (1-Month USD LIBOR + 4.000%, 1.000% Floor), 10/31/24
|
|
|
987,525
|
|
|
|
987,318
|
|
|
Drilling Info,
Inc., Term Loan - First Lien, 6.290% (1-Month USD LIBOR + 4.250%, 0.000% Floor), 07/30/25
|
|
|
494,932
|
|
|
|
492,870
|
|
|
Dynatrace LLC,
Term Loan - First Lien, 4.890% (1-Month USD LIBOR + 2.750% and Prime + 1.750%, 0.000% Floor), 08/25/25
|
|
|
760,505
|
|
|
|
764,623
|
|
|
Ellie Mae, Inc.,
Term Loan - First Lien, 6.040% (1-Month USD LIBOR + 4.000%, 0.000% Floor), 04/02/26
|
|
|
1,125,000
|
|
|
|
1,128,285
|
|
|
Help/Systems
Holdings, Inc., Term Loan - First Lien, 5.790% (1-Month USD LIBOR + 3.750%, 0.000% Floor), 03/28/25
|
|
|
658,333
|
|
|
|
657,510
|
|
|
Infoblox,
Inc., New Term Loan - First Lien, 6.540% (1-Month USD LIBOR + 4.500%, 0.000% Floor), 11/07/23(b)
|
|
|
2,119,539
|
|
|
|
2,132,786
|
|
|
Infoblox, Inc.,
Term Loan - Second Lien, 10.790% (1-Month USD LIBOR + 8.750%, 1.000% Floor), 11/07/24
|
|
|
700,000
|
|
|
|
702,335
|
|
|
Inovalon Holdings,
Inc., Term Loan B - First Lien, 5.560% (1-Month USD LIBOR + 3.500%, 0.000% Floor), 04/02/25
|
|
|
2,722,500
|
|
|
|
2,741,898
|
|
See Notes to Schedule of Investments
|
THL Credit Senior Loan Fund
|
|
|
Schedule of Investments†
(unaudited) (continued)
|
September 30, 2019
|
|
Investments
|
|
Principal
|
|
|
Value
|
|
|
SENIOR
LOANS(a) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
High Tech Industries – 32.0% (continued)
|
|
|
|
|
|
|
|
|
|
MH
Sub I LLC and Micro Holding Corp. (Internet Brands), Amendment No 2 Initial Term Loan – First Lien, 5.790% (1-Month
USD LIBOR + 3.750%, 0.000% Floor), 09/16/24
|
|
$
|
1,902,035
|
|
|
$
|
1,892,677
|
|
|
MTS
System Corp., Term Loan B 2017 - First Lien, 5.310% (1-Month USD LIBOR + 3.250%, 0.750% Floor), 07/05/23(b)
|
|
|
566,396
|
|
|
|
567,812
|
|
|
NCR Corp., Term
Loan - First Lien, 4.550% (1-Month USD LIBOR + 2.500%, 0.000% Floor), 08/28/26
|
|
|
233,333
|
|
|
|
234,063
|
|
|
ON
Semiconductor Corp., Term Loan 2019 – First Lien (LIBOR + 2.000%, 0.000% Floor), 09/19/26(c)
|
|
|
625,632
|
|
|
|
629,154
|
|
|
Plantronics,
Inc., Term Loan B - First Lien, 4.540% (1-Month USD LIBOR + 2.500%, 0.000% Floor), 07/02/25
|
|
|
1,574,056
|
|
|
|
1,573,073
|
|
|
PNI
Canada Acquireco Corp. (Procera Networks / Sandvine), Term Loan - First Lien, 6.540% (1-Month USD LIBOR + 4.500%, 0.000% Floor),
10/31/25(b)
|
|
|
430,083
|
|
|
|
429,546
|
|
|
Project Alpha
Intermediate Holding, Inc. (Qlik), Term Loan B - First Lien, 5.810% (3-Month USD LIBOR + 3.500%, 1.000% Floor), 04/26/24
|
|
|
1,955,000
|
|
|
|
1,933,006
|
|
|
QuickBase,
Inc., Term Loan - First Lien, 6.040% (1-Month USD LIBOR + 4.000%, 0.000% Floor), 04/03/26(b)
|
|
|
1,047,375
|
|
|
|
1,042,138
|
|
|
Rocket Software,
Inc., Term Loan - First Lien, 6.290% (1-Month USD LIBOR + 4.250%, 0.000% Floor), 11/28/25
|
|
|
1,969,271
|
|
|
|
1,855,545
|
|
|
S2P Acquisition
Borrower, Inc. (Jaggaer), Term Loan - First Lien, 6.040% (1-Month USD LIBOR + 4.000%, 0.000% Floor), 08/14/26
|
|
|
750,000
|
|
|
|
750,821
|
|
|
SonicWALL, Inc.,
Term Loan - First Lien, 5.640% (3-Month USD LIBOR + 3.500%, 0.000% Floor), 05/16/25
|
|
|
1,323,333
|
|
|
|
1,288,047
|
|
|
SonicWALL, Inc.,
Term Loan - Second Lien, 9.640% (3-Month USD LIBOR + 7.500%, 0.000% Floor), 05/18/26
|
|
|
900,000
|
|
|
|
796,500
|
|
|
Starfish - V
Merger Sub, Inc. (Syncsort/Vero), Term Loan B - First Lien, 6.540% (1-Month USD LIBOR + 4.500%, 0.000% Floor), 08/16/24
|
|
|
980,100
|
|
|
|
977,650
|
|
|
TriTech Software
Systems (Superion/SuperMoose), Term Loan - First Lien, 5.790% (1-Month USD LIBOR + 3.750%, 0.000% Floor), 08/29/25
|
|
|
1,323,333
|
|
|
|
1,243,933
|
|
|
VeriFone Systems,
Inc., Term Loan - First Lien, 6.140% (3-Month USD LIBOR + 4.000%, 0.000% Floor), 08/20/25
|
|
|
1,950,287
|
|
|
|
1,868,375
|
|
|
Web.Com
Group, Inc., Term Loan B - First Lien, 5.780% (1-Month USD LIBOR + 3.750%, 0.000% Floor), 10/10/25
|
|
|
908,676
|
|
|
|
895,432
|
|
|
Total
High Tech Industries
|
|
|
|
|
|
|
40,032,403
|
|
|
|
|
|
|
|
|
|
|
|
|
Hotel, Gaming & Leisure – 3.7%
|
|
|
|
|
|
|
|
|
|
AP Gaming I LLC
(American Gaming Systems), 2018 Term Loan B - First Lien, 5.540% (1-Month USD LIBOR + 3.500%, 1.000% Floor), 02/15/24
|
|
|
1,069,277
|
|
|
|
1,066,267
|
|
|
Miller's
Ale House, Inc., Term Loan - First Lien, 6.950% (3-Month USD LIBOR + 4.750%, 0.000% Floor), 05/30/25(b)
|
|
|
1,185,000
|
|
|
|
1,102,050
|
|
|
PCI Gaming Authority,
Term Loan - First Lien, 5.040% (1-Month USD LIBOR + 3.000%, 0.000% Floor), 05/15/26
|
|
|
796,258
|
|
|
|
802,167
|
|
|
Scientific Games
International, Inc. (aka SGMS), Initial Term Loan B-5 - First Lien, 4.880% (1-Month and 2-Month USD LIBOR + 2.750%, 0.000%
Floor), 08/14/24
|
|
|
426,451
|
|
|
|
423,468
|
|
See Notes to Schedule of Investments
|
THL Credit Senior Loan Fund
|
|
|
Schedule of Investments†
(unaudited) (continued)
|
September 30, 2019
|
|
Investments
|
|
Principal
|
|
|
Value
|
|
|
SENIOR
LOANS(a) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hotel, Gaming & Leisure – 3.7% (continued)
|
|
|
|
|
|
|
|
|
|
Steak
n Shake Operations, Inc., Term Loan - First Lien, 5.800% (1-Month USD LIBOR + 3.750%, 1.000% Floor), 03/19/21
|
|
$
|
1,654,982
|
|
|
$
|
1,199,862
|
|
|
Total
Hotel, Gaming & Leisure
|
|
|
|
|
|
|
4,593,814
|
|
|
|
|
|
|
|
|
|
|
|
|
Media: Advertising, Printing & Publishing
– 0.6%
|
|
|
|
|
|
|
|
|
|
Harland
Clarke Hldgs, Initial Term Loan - First Lien, 6.850% (3-Month USD LIBOR + 4.750%, 1.000% Floor), 11/03/23
|
|
|
892,678
|
|
|
|
702,984
|
|
|
|
|
|
|
|
|
|
|
|
|
Media: Broadcasting & Subscription –
5.9%
|
|
|
|
|
|
|
|
|
|
Clear Channel
Outdoor Holdings, Inc., Term Loan B - First Lien, 5.540% (1-Month USD LIBOR + 3.500%, 0.000% Floor), 08/21/26
|
|
|
1,050,000
|
|
|
|
1,054,405
|
|
|
Midcontinent
Communications, Term Loan B - First Lien, 4.280% (1-Month USD LIBOR + 2.250%, 0.000% Floor), 08/15/26
|
|
|
461,538
|
|
|
|
465,192
|
|
|
Nexstar Broadcasting,
Inc., Term Loan B - First Lien, 4.810% (1-Month USD LIBOR + 2.750%, 0.000% Floor), 06/19/26
|
|
|
1,350,000
|
|
|
|
1,357,695
|
|
|
Radiate Holdco
LLC (RCN Grande), Closing Date Term Loan - First Lien, 5.040% (1-Month USD LIBOR + 3.000%, 0.750% Floor), 02/01/24
|
|
|
1,959,736
|
|
|
|
1,955,170
|
|
|
Sinclair Television
Group, Inc.,Tranche B-2b Term Loan, 4.540% (1-Month USD LIBOR + 2.500%, 0.000% Floor), 09/30/26
|
|
|
1,142,857
|
|
|
|
1,149,051
|
|
|
Urban
One (Radio One, Inc.), Initial Term Loan - First Lien, 6.050% (1-Month USD LIBOR + 4.000%, 1.000% Floor), 04/18/23
|
|
|
1,381,109
|
|
|
|
1,340,711
|
|
|
Total
Media: Broadcasting & Subscription
|
|
|
|
|
|
|
7,322,224
|
|
|
|
|
|
|
|
|
|
|
|
|
Media: Diversified & Production – 1.2%
|
|
|
|
|
|
|
|
|
|
Abe
Investment Holdings, Inc. (Getty Images, Inc.), Term Loan B - First Lien, 6.560% (1-Month USD LIBOR + 4.500%, 0.000% Floor),
02/12/26
|
|
|
1,488,750
|
|
|
|
1,486,271
|
|
|
|
|
|
|
|
|
|
|
|
|
Metals & Mining – 1.3%
|
|
|
|
|
|
|
|
|
|
ASP Prince Merger
Sub, Inc.(aka PMHC II), Term Loan - First Lien, 5.600% (3-Month USD LIBOR + 3.500%, 1.000% Floor), 03/31/25
|
|
|
738,750
|
|
|
|
602,081
|
|
|
Big
River Steel LLC (BRS Finance), Closing Date Term Loan - First Lien, 7.100% (3-Month USD LIBOR + 5.000%, 1.000% Floor), 08/23/23(b)
|
|
|
980,000
|
|
|
|
975,100
|
|
|
Total
Metals & Mining
|
|
|
|
|
|
|
1,577,181
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail – 4.9%
|
|
|
|
|
|
|
|
|
|
American Sportsman
Holdings Co. (Bass Pro), Initial Term Loan - First Lien, 7.040% (1-Month USD LIBOR + 5.000%, 0.750% Floor), 09/25/24
|
|
|
1,964,949
|
|
|
|
1,896,176
|
|
|
BI-LO LLC (Southeastern
Grocers), Initial Term Loan - First Lien, 10.220% (3-Month USD LIBOR + 8.000%, 1.000% Floor), 05/31/24
|
|
|
891,000
|
|
|
|
852,580
|
|
|
Charming
Charlie LLC, Converted Tranche A Term Loan - First Lien, 14.050% (3-Month USD LIBOR + 12.000% PIK, 0.000% Floor), 04/24/23(b)(d)(e)(f)
|
|
|
416,467
|
|
|
|
0
|
|
|
Charming
Charlie LLC, Converted Tranche B Term Loan - First Lien, 14.050% (3-Month USD LIBOR + 12.000% PIK, 0.000% Floor), 04/24/23(b)(d)(e)(f)
|
|
|
509,910
|
|
|
|
0
|
|
|
Charming
Charlie LLC, Second Amendment Delayed Draw Term Loan - First Lien, 20.000%, 05/28/22(b)(d)(e)(f)
|
|
|
129,689
|
|
|
|
123,205
|
|
See Notes to Schedule of Investments
|
THL Credit Senior Loan Fund
|
|
|
Schedule of Investments†
(unaudited) (continued)
|
September 30, 2019
|
|
Investments
|
|
Principal
|
|
|
Value
|
|
|
SENIOR
LOANS(a) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail – 4.9% (continued)
|
|
|
|
|
|
|
|
|
|
Charming
Charlie LLC, VPF Facility Term Loan 2018 - First Lien, 22.000%, 04/24/23(b)(d)(e)(f)
|
|
$
|
22,886
|
|
|
$
|
21,742
|
|
|
CWGS Group LLC,
Term Loan - First Lien, 4.850% (1-Month USD LIBOR + 2.750%, 0.750% Floor), 11/08/23
|
|
|
2,387,292
|
|
|
|
2,040,287
|
|
|
Wand
NewCo 3, Inc. (Caliber Collision/ABRA Auto Body), Term Loan B - First Lien, 5.540% (1-Month USD LIBOR + 3.500%, 0.000% Floor),
01/24/26
|
|
|
1,122,188
|
|
|
|
1,129,201
|
|
|
Total
Retail
|
|
|
|
|
|
|
6,063,191
|
|
|
|
|
|
|
|
|
|
|
|
|
Services: Business – 22.7%
|
|
|
|
|
|
|
|
|
|
ATS Consolidated,
Inc. (American Traffic Solutions), Term Loan B - First Lien, 5.790% (1-Month USD LIBOR + 3.750%, 0.000% Floor), 02/28/25
|
|
|
615,625
|
|
|
|
618,959
|
|
|
Brand Energy
& Infrastructure Services, Inc., Term Loan - First Lien, 6.510% (2-Month and 3-Month USD LIBOR + 4.250%, 1.000% Floor),
06/21/24
|
|
|
687,962
|
|
|
|
674,203
|
|
|
CT Technologies
Intermediate Holdings, Inc. (HealthPort), New Term Loan - First Lien, 6.290% (1-Month USD LIBOR + 4.250%, 1.000% Floor), 12/01/21
|
|
|
2,360,032
|
|
|
|
2,165,329
|
|
|
Cvent, Inc.,
Term Loan B - First Lien, 5.790% (1-Month USD LIBOR + 3.750%, 1.000% Floor), 11/29/24
|
|
|
2,450,188
|
|
|
|
2,423,395
|
|
|
Deluxe
Entertainment Services Group, Inc., Delayed Draw Term Loan - First Lien, 9.910% (3-Month USD LIBOR + 7.500% and Prime + 6.500%,
1.500% Floor), 02/01/20(b)
|
|
|
1,000,000
|
|
|
|
875,000
|
|
|
EAB (Education
Advisory Board/Avatar Purchaser, Inc.), Term Loan - First Lien, 6.380% (3-Month USD LIBOR + 3.750%, 1.000% Floor), 11/15/24
|
|
|
1,329,750
|
|
|
|
1,315,894
|
|
|
EagleView Technology
Corp., Term Loan - First Lien, 5.540% (1-Month USD LIBOR + 3.500%, 0.000% Floor), 08/14/25
|
|
|
992,500
|
|
|
|
965,206
|
|
|
Ensemble Health
Partners, Term Loan - First Lien, 6.000% (3-Month USD LIBOR + 3.750%, 0.000% Floor), 08/03/26
|
|
|
1,500,000
|
|
|
|
1,502,033
|
|
|
Enterprise Merger
Sub, Inc. (Envision Healthcare), Term Loan - First Lien, 5.790% (1-Month USD LIBOR + 3.750%, 0.000% Floor), 10/10/25
|
|
|
893,250
|
|
|
|
731,625
|
|
|
Garda World Security
Corp. (GW Horos Security Corp.), Term Loan B - First Lien, 5.640% (3-Month USD LIBOR + 3.500% and Prime + 2.500%, 1.000% Floor),
05/24/24 (Canada)
|
|
|
586,035
|
|
|
|
587,316
|
|
|
I-Logic Technologies
Bidco Ltd. (Dealogic), Term Loan - First Lien, 5.100% (3-Month USD LIBOR + 3.000%, 1.000% Floor), 12/21/24
|
|
|
1,324,640
|
|
|
|
1,284,073
|
|
|
KAR Auction Services,
Inc., Term Loan B6 - First Lien, 4.310% (1-Month USD LIBOR + 2.250%, 0.000% Floor), 09/19/26
|
|
|
1,000,000
|
|
|
|
1,005,940
|
|
|
Mitchell
International, Inc., Initial Term Loan - Second Lien, 9.290% (1-Month USD LIBOR + 7.250%, 0.000% Floor), 12/01/25(b)
|
|
|
666,667
|
|
|
|
616,667
|
|
|
Mitchell
International, Inc., Term Loan - First Lien, 5.290% (1-Month USD LIBOR + 3.250%, 0.000% Floor), 11/29/24(c)
|
|
|
1,688,178
|
|
|
|
1,621,849
|
|
|
New Insight Holdings,
Inc. (Research Now), Initial Term Loan - First Lien, 7.750% (3-Month USD LIBOR + 5.500%, 1.000% Floor), 12/20/24
|
|
|
2,011,880
|
|
|
|
2,021,627
|
|
|
North American
Lifting Holdings, Inc. (TNT Crane), Initial Term Loan - Second Lien, 11.100% (3-Month USD LIBOR + 9.000%, 1.000% Floor), 11/26/21
|
|
|
1,018,631
|
|
|
|
727,053
|
|
See Notes to Schedule of Investments
|
THL Credit Senior Loan Fund
|
|
|
Schedule of Investments†
(unaudited) (continued)
|
September 30, 2019
|
|
Investments
|
|
Principal
|
|
|
Value
|
|
|
SENIOR
LOANS(a) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Services: Business – 22.7% (continued)
|
|
|
|
|
|
|
|
|
|
North
American Lifting Holdings, Inc. (TNT Crane), Term Loan - First Lien, 6.600% (3-Month USD LIBOR + 4.500%, 1.000% Floor), 11/27/20
|
|
$
|
2,402,585
|
|
|
$
|
2,202,365
|
|
|
Red Ventures
LLC, Term Loan B-1 - First Lien, 5.040% (1-Month USD LIBOR + 3.000%, 0.000% Floor), 11/08/24
|
|
|
3,008,412
|
|
|
|
3,024,086
|
|
|
Teneo
Holdings LLC,Term Loan B, 7.290% (1-Month USD LIBOR + 5.250%, 1.000% Floor), 07/12/25(b)
|
|
|
1,500,000
|
|
|
|
1,438,125
|
|
|
Trader
Corp., 2017 Refinancing Term Loan - First Lien, 5.040% (1-Month USD LIBOR + 3.000%, 1.000% Floor), 09/28/23(b)
|
|
|
916,519
|
|
|
|
914,228
|
|
|
Travel Leaders
Group LLC, New Term Loan B - First Lien, 6.050% (1-Month USD LIBOR + 4.000%, 0.000% Floor), 01/25/24
|
|
|
987,500
|
|
|
|
990,793
|
|
|
USIC
Holdings, Inc., New Term Loan - First Lien, 5.290% (1-Month USD LIBOR + 3.250%, 1.000% Floor), 12/08/23
|
|
|
686,387
|
|
|
|
682,097
|
|
|
Total
Services: Business
|
|
|
|
|
|
|
28,387,863
|
|
|
|
|
|
|
|
|
|
|
|
|
Services: Consumer – 7.2%
|
|
|
|
|
|
|
|
|
|
Cambium
Learning, Inc., Term Loan - First Lien, 6.540% (1-Month USD LIBOR + 4.500%, 0.000% Floor), 12/18/25(b)
|
|
|
992,500
|
|
|
|
972,650
|
|
|
Heartland Dental
LLC, Initial Term Loan - First Lien, 5.790% (1-Month USD LIBOR + 3.750%, 0.000% Floor), 04/30/25
|
|
|
1,087,317
|
|
|
|
1,066,419
|
|
|
Pre-Paid Legal
Services, Inc. (Legalshield), Term Loan - First Lien, 5.290% (1-Month USD LIBOR + 3.250%, 0.000% Floor), 05/01/25
|
|
|
890,209
|
|
|
|
890,320
|
|
|
Prime
Security Services Borrower LLC (Apollo Security Services Borrower LLC/ Protection One Alarm Monitoring, Inc.), Term Loan B
- First Lien (LIBOR + 3.250%, 1.000% Floor), 09/23/26(c)
|
|
|
1,000,000
|
|
|
|
990,470
|
|
|
TruGreen LP,
Term Loan B - First Lien, 5.790% (1-Month USD LIBOR + 3.750%, 1.000% Floor), 03/12/26
|
|
|
995,000
|
|
|
|
999,980
|
|
|
UFC
Holdings LLC (fka VGD Merger Sub LLC (Zuffa)), New Term Loan B (LIBOR + 3.250%, 1.000% Floor), 04/30/26(c)
|
|
|
797,943
|
|
|
|
800,992
|
|
|
Weight Watchers
International, Inc., 2017 Term Loan B - First Lien, 6.860% (3-Month USD LIBOR + 4.750%, 0.750% Floor), 11/29/24
|
|
|
1,381,388
|
|
|
|
1,386,140
|
|
|
WP
CityMD Bidco LLC (CityMD),Term Loan B, 6.600% (3-Month USD LIBOR + 4.500%, 1.000% Floor), 08/13/26
|
|
|
1,875,000
|
|
|
|
1,859,766
|
|
|
Total
Services: Consumer
|
|
|
|
|
|
|
8,966,737
|
|
|
|
|
|
|
|
|
|
|
|
|
Telecommunications – 8.2%
|
|
|
|
|
|
|
|
|
|
Avaya, Inc.,
Tranche B Term Loan - First Lien, 6.330% (1-Month and 2-Month USD LIBOR + 4.250%, 0.000% Floor), 12/16/24
|
|
|
5,497,972
|
|
|
|
5,238,550
|
|
|
Rackspace Hosting
(Inception Merger Sub, Inc.), 2017 Term Loan B - First Lien, 5.290% (3-Month USD LIBOR + 3.000%, 1.000% Floor), 11/03/23
|
|
|
2,957,160
|
|
|
|
2,721,503
|
|
|
Sprint
Communications, Inc., 2018 Incremental Term Loan - First Lien, 5.060% (1-Month USD LIBOR + 3.000%, 0.750% Floor), 02/02/24
|
|
|
2,336,510
|
|
|
|
2,333,590
|
|
|
Total
Telecommunications
|
|
|
|
|
|
|
10,293,643
|
|
|
|
|
|
|
|
|
|
|
|
|
Transportation: Cargo – 4.0%
|
|
|
|
|
|
|
|
|
|
Commercial Barge
Line Co. (American Commercial Lines), Initial Term Loan - First Lien, 10.790% (1-Month USD LIBOR + 8.750%, 1.000% Floor),
11/12/20
|
|
|
2,187,675
|
|
|
|
1,220,318
|
|
|
Gruden Acquisition,
Inc. (Quality Distribution LLC), Incremental Term Loan – First Lien, 7.600% (3-Month USD LIBOR + 5.500%, 1.000% Floor),
08/18/22
|
|
|
3,334,833
|
|
|
|
3,326,496
|
|
See Notes to Schedule of Investments
|
THL Credit Senior Loan Fund
|
|
|
Schedule of Investments†
(unaudited) (continued)
|
September 30, 2019
|
|
Investments
|
|
Principal
|
|
|
Value
|
|
|
SENIOR
LOANS(a) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transportation: Cargo – 4.0% (continued)
|
|
|
|
|
|
|
|
|
|
Gruden
Acquisition, Inc. (Quality Distribution LLC), Term Loan - Second Lien, 10.600% (3-Month USD LIBOR + 8.500%, 1.000% Floor),
08/18/23
|
|
$
|
500,000
|
|
|
$
|
497,292
|
|
|
Total
Transportation: Cargo
|
|
|
|
|
|
|
5,044,106
|
|
|
|
|
|
|
|
|
|
|
|
|
Wholesale – 1.1%
|
|
|
|
|
|
|
|
|
|
4L Technologies,
Inc. (Clover Technologies Group LLC), Term Loan - First Lien, 6.540% (1-Month USD LIBOR + 4.500%, 1.000% Floor), 05/08/20
|
|
|
788,502
|
|
|
|
438,182
|
|
|
United
Natural Foods, Term Loan B - First Lien, 6.290% (1-Month USD LIBOR + 4.250%, 0.000% Floor), 10/22/25
|
|
|
1,194,000
|
|
|
|
1,001,253
|
|
|
Total
Wholesale
|
|
|
|
|
|
|
1,439,435
|
|
Total
Senior Loans
(Cost $178,693,943)
|
|
|
|
|
|
|
169,576,615
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE BONDS – 1.0% (0.7% of Total Investments)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Energy: Electricity – 0.1%
|
|
|
|
|
|
|
|
|
|
TerraForm
Power Operating LLC, 4.250%, 01/31/23(g)
|
|
|
99,000
|
|
|
|
101,520
|
|
|
|
|
|
|
|
|
|
|
|
|
Media: Broadcasting & Subscription –
0.4%
|
|
|
|
|
|
|
|
|
|
Urban
One, Inc., 7.375%, 04/15/22(g)
|
|
|
533,000
|
|
|
|
521,095
|
|
|
|
|
|
|
|
|
|
|
|
|
Telecommunications – 0.5%
|
|
|
|
|
|
|
|
|
|
GTT
Communications, Inc., 7.875%, 12/31/24(g)
|
|
|
325,000
|
|
|
|
182,813
|
|
|
Rackspace
Hosting, Inc., 8.625%, 11/15/24(g)
|
|
|
508,000
|
|
|
|
468,617
|
|
|
Total
Telecommunications
|
|
|
|
|
|
|
651,430
|
|
Total
Corporate Bonds
(Cost $1,432,469)
|
|
|
|
|
|
|
1,274,045
|
|
|
|
|
Shares
|
|
|
|
|
|
COMMON STOCKS – 0.3% (0.2% of Total Investments)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Equipment – 0.3%
|
|
|
|
|
|
|
|
|
|
Project
Investor Holdings LLC*(b)(e)
|
|
|
69,365
|
|
|
|
0
|
|
|
Proppants
Holdings LLC*(b)(e)
|
|
|
69,365
|
|
|
|
381,508
|
|
|
Total
Capital Equipment
|
|
|
|
|
|
|
381,508
|
|
|
|
|
|
|
|
|
|
|
|
|
Energy:
Oil & Gas – 0.0%(h)
|
|
|
|
|
|
|
|
|
|
HGIM
Corp. (Harvey Gulf)*(b)
|
|
|
2,717
|
|
|
|
33,283
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail
– 0.0%(h)
|
|
|
|
|
|
|
|
|
|
Charming
Charlie LLC*(b)(e)(f)
|
|
|
4,376,711
|
|
|
|
0
|
|
Total
Common Stocks
(Cost $1,243,680)
|
|
|
|
|
|
|
414,791
|
|
|
|
|
|
|
|
|
|
|
|
|
WARRANT – 0.1% (0.1% of Total Investments)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Energy: Oil & Gas – 0.1%
|
|
|
|
|
|
|
|
|
|
HGIM
Corp. (Harvey Gulf), Expiration date: 07/02/23*(b)
|
|
|
|
|
|
|
|
|
|
(Cost $472,615)
|
|
|
12,139
|
|
|
|
151,737
|
|
See Notes to Schedule of Investments
|
THL Credit Senior Loan Fund
|
|
|
Schedule of Investments†
(unaudited) (continued)
|
September 30, 2019
|
|
Investments
|
|
Shares
|
|
|
Value
|
|
|
MONEY MARKET FUND – 7.1% (4.9% of Total
Investments)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Morgan
Stanley Institutional Liquidity Treasury Portfolio - Institutional Share Class, 1.82%(i)
(Cost $8,820,516)
|
|
|
8,820,516
|
|
|
$
|
8,820,516
|
|
Total Investments
in Securities - 144.3%
(Cost $190,663,223)
|
|
|
|
|
|
|
180,237,704
|
|
|
Line
of Credit Payable (Cost $48,000,000) – (38.4)%
|
|
|
|
|
|
|
(48,000,000
|
)
|
|
Liabilities
in Excess of Other Assets – (5.9)%
|
|
|
|
|
|
|
(7,258,756
|
)
|
|
Net
Assets – 100.0%
|
|
|
|
|
|
$
|
124,978,948
|
|
|
|
*
|
Non-income
producing security.
|
|
|
†
|
Securities
are US securities, unless otherwise noted.
|
|
|
(a)
|
Senior
loans pay interest at rates that are periodically determined on the basis of a floating benchmark lending rate, often subject
to a floor, plus a spread, unless otherwise indicated. The most popular benchmark lending rates are the London Interbank Offered
Rate (“LIBOR”), the rate that contributor banks in London charge each other for interbank deposits, and the prime
rate offered by one or more major U.S. banks (“Prime”). Both LIBOR and Prime were utilized as benchmark lending
rates for the senior loans at September 30, 2019. The rates shown represent the contractual rates (benchmark rate or floor
plus spread) in effect at period end. Senior loans often require prepayments from excess cash flow or permit the borrower
to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election,
cannot be predicted with accuracy.
|
|
|
(b)
|
Fair
Value Level 3 security. All remaining securities are categorized as Level 2.
|
|
|
(c)
|
All
or a portion of this position has not settled as of September 30, 2019. The Fund will not accrue interest on its senior loans
until the settlement date at which point LIBOR will be established.
|
|
|
(d)
|
Subsequent
to September 30, 2019, Charming Charlie filed for Chapter 11 bankruptcy and the related loans were put on non-accrual.
|
|
|
(e)
|
Security
has been deemed illiquid and has been fair valued in good faith in accordance with procedures established by the Board of
Trustees.
|
|
|
(f)
|
The
Fund held defaulted securities for which the income has been deemed uncollectible. As of September 30, 2019, the aggregate
value of those securities was $289,893, representing 0.2% of the Fund’s net assets. The Fund no longer accrues income
on securities once the income has been deemed uncollectible.
|
|
|
(g)
|
Security
was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to
qualified institutional buyers. Total fair value of Rule 144A securities amounts to $1,274,045 which represents approximately
1.0% of net assets as of September 30, 2019. Unless otherwise noted, 144A securities are deemed to be liquid.
|
|
|
(h)
|
Less
than 0.05%.
|
|
|
(i)
|
Rate
shown reflects the 7-day yield as of September 30, 2019.
|
See Notes to Schedule of Investments
|
THL Credit Senior Loan Fund
|
|
|
Schedule of Investments†
(unaudited) (continued)
|
September 30, 2019
|
|
SUMMARY OF SCHEDULE OF INVESTMENTS
|
|
%
of Net Assets
|
|
|
Aerospace & Defense
|
|
|
3.3
|
%
|
|
Automotive
|
|
|
4.0
|
|
|
Banking, Finance, Insurance & Real Estate
|
|
|
6.8
|
|
|
Beverage, Food & Tobacco
|
|
|
2.5
|
|
|
Capital Equipment
|
|
|
5.7
|
|
|
Chemicals, Plastics & Rubber
|
|
|
1.8
|
|
|
Construction & Building
|
|
|
1.2
|
|
|
Consumer Products: Durable
|
|
|
1.3
|
|
|
Consumer Products: Non Durable
|
|
|
3.7
|
|
|
Containers, Packaging & Glass
|
|
|
2.9
|
|
|
Energy: Electricity
|
|
|
0.1
|
|
|
Energy: Oil & Gas
|
|
|
4.2
|
|
|
Environmental Industries
|
|
|
0.7
|
|
|
Healthcare & Pharmaceuticals
|
|
|
5.3
|
|
|
High Tech Industries
|
|
|
32.0
|
|
|
Hotel, Gaming & Leisure
|
|
|
3.7
|
|
|
Media: Advertising, Printing & Publishing
|
|
|
0.6
|
|
|
Media: Broadcasting & Subscription
|
|
|
6.3
|
|
|
Media: Diversified & Production
|
|
|
1.2
|
|
|
Metals & Mining
|
|
|
1.3
|
|
|
Retail
|
|
|
4.9
|
|
|
Services: Business
|
|
|
22.7
|
|
|
Services: Consumer
|
|
|
7.2
|
|
|
Telecommunications
|
|
|
8.7
|
|
|
Transportation: Cargo
|
|
|
4.0
|
|
|
Wholesale
|
|
|
1.1
|
|
|
Money Market Fund
|
|
|
7.1
|
|
|
Total Investments
|
|
|
144.3
|
|
|
Line of Credit Payable
|
|
|
(38.4
|
)
|
|
Liabilities in Excess of Other
Assets
|
|
|
(5.9
|
)
|
|
Net Assets
|
|
|
100.0
|
%
|
See Notes to Schedule of Investments
|
THL Credit Senior Loan Fund
|
|
|
Notes to the Schedule of Investments
(unaudited)
|
September 30, 2019
|
1. ORGANIZATION AND OPERATIONS
THL
Credit Senior Loan Fund (the “Fund”) is a diversified, closed-end management investment company registered under the
Investment Company Act of 1940, as amended. The Fund is an unincorporated business trust established under the laws of Delaware
by an Agreement and Declaration of Trust dated July 30, 2013. The Fund was previously classified as a non-diversified investment
company. The Fund commenced operations on September 20, 2013.
The
Fund’s investment objective is to provide current income and preservation of capital primarily through investments in U.S.
dollar-denominated senior secured corporate loans and notes (“Senior Loans”). Under normal circumstances, the Fund
will invest at least 80% of its Managed Assets, defined as total assets of the Fund (including any assets attributable to borrowings
for investment purposes) minus the sum of the Fund’s accrued liabilities (other than liabilities representing borrowings
for investment purposes in Senior Loans. The Senior Loans in which the Fund will invest are fully collateralized, first lien corporate
loans and notes. The Fund may also invest up to 20% of its Managed Assets in other securities, including high yield securities,
notes, bonds, convertible securities, second lien loans and other subordinated debt and collateralized loan obligations. The Fund’s
investments in high yield bonds, not including Senior Loans, will be limited to 10% of the Fund’s Managed Assets.
THL
Credit Advisors LLC (the “Adviser”)
serves as the Fund’s investment adviser.
2. SIGNIFICANT ACCOUNTING POLICIES
The
Fund is an investment company that applies the accounting and reporting guidance under Financial Accounting Standards Board
Accounting Standards Codification Topic 946 “Financial Services — Investment Companies”. The Fund’s
financial statements have been prepared to comply with U.S. generally accepted accounting principles. These principles
require the Adviser to make estimates and assumptions that affect reported amounts and disclosures. Actual results could
differ from those estimates. The Fund follows the significant accounting policies described in this section, as well as the
valuation policies described in the next section on valuation.
The
following summarizes the significant accounting policies followed by the Fund in the preparation of its financial statements.
Securities
Valuation: The Fund holds portfolio securities that are fair valued at the close of each day on the New York Stock Exchange
(“NYSE”), normally at 4:00 P.M., Eastern Time. Fair value is the price that would be received to sell an asset or
paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Board of Trustees
(the “Board”) has delegated fair valuation responsibilities to a valuation committee (the “Committee”),
subject to the Board’s supervision and direction, through the adoption of procedures for valuation of the Fund’s securities
(the “Valuation Procedures”). The Committee consists of certain designated individuals of the Adviser. Under the current
Valuation Procedures, the Committee is responsible for, among other things, determining and monitoring the value of the Fund’s
assets. The Valuation Procedures allow the Fund to utilize independent pricing vendor services, quotations from market makers
and other valuation methods in events when market quotations are not readily available or not representative of the fair value
of the securities.
The
Fund’s securities are valued by various methods, as described below:
Senior
Loans are valued at prices supplied by the Fund’s pricing agent based on broker-dealer supplied valuations (including mid
or average prices) and other criteria. If the Committee does not believe that the pricing agent price reflects the current market
value, the Adviser will determine a recommended method of valuing the Senior Loan for consideration by the Committee.
Fixed
income securities (including short-term obligations) are valued at prices supplied by the Fund’s pricing agent based on
broker-dealer supplied valuations, or in the absence of broker-dealer supplied valuations, matrix pricing, a method of valuing
securities by reference to the value of other securities with similar characteristics, such as rating, interest rate and maturity.
Exchange
traded equity securities and warrants are valued at the last quoted sales price as of the close of the exchange or, in the absence
of a sale, the closing bid price, with the exception that for securities traded on the London Stock Exchange and National Association
of Securities Dealers’ Automated Quotation System, those securities are valued at the official closing price.
|
THL Credit Senior Loan Fund
|
|
|
Notes to the Schedule of Investments
(unaudited) (continued)
|
September 30, 2019
|
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
Non-exchange
traded equity securities are valued at prices supplied by the Fund’s pricing agent based on the average of the bid/ask prices
quoted by brokers that are knowledgeable about the securities.
Money
market funds are valued at their net asset value.
If
a price is not available from an independent pricing service or broker, or if the price provided is believed to be unreliable,
the security will be fair valued pursuant to procedures adopted by the Board. As a general principle, the fair value of a security
would appear to be the amount that the owner might reasonably expect to receive for it in a current sale. Fair value methods may
include, but are not limited to, the use of market comparable and/or income approach methodologies. Using a fair value pricing
methodology to value securities may result in a value that is different from a security’s most recent sale price and from
the prices used by other investment companies to calculate their NAV. Determination of fair value is uncertain because it involves
subjective judgments and estimates. There can be no assurance that the Fund’s valuation of a security will not differ from
the amount that it realizes upon the sale of such security.
Fair Value Measurement
Various
inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels
listed below:
Level
1 — Unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date.
Level
2 — Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either
directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, quoted prices
for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.
Level
3 — Unobservable inputs for the asset or liability to the extent that relevant observable inputs are not available, representing
the Fund’s own assumptions that a market participant would use in valuing the asset or liability based on the best information
available.
Investments
that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions;
(ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as
amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv)
a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation;
(vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an
event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s
net asset value is computed and that may materially affect the value of the Fund’s investment). Examples of events that
may be “significant events” are government actions, natural disasters, armed conflicts and acts of terrorism.
The
categorization of a value determined for investments is based on the pricing transparency of the investment and does not necessarily
correspond to the Fund’s perceived risk of investing in those securities.
The
valuation techniques used by the Fund to measure fair value during the period ended September 30, 2019 were intended to
maximize the use of observable inputs and to minimize the use of unobservable inputs.
The
following table summarizes the valuation of the Fund’s investments under the fair value hierarchy levels as of September
30, 2019:
|
Asset Type
|
|
Level
1
|
|
|
Level
2
|
|
|
Level
3
|
|
|
Total
|
|
|
Senior Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aerospace &
Defense
|
|
$
|
–
|
|
|
$
|
2,643,713
|
|
|
$
|
1,438,817
|
|
|
$
|
4,082,530
|
|
|
Automotive
|
|
|
–
|
|
|
|
4,949,138
|
|
|
|
–
|
|
|
|
4,949,138
|
|
|
Banking, Finance, Insurance
& Real Estate
|
|
|
–
|
|
|
|
7,705,207
|
|
|
|
807,469
|
|
|
|
8,512,676
|
|
|
Beverage, Food & Tobacco
|
|
|
–
|
|
|
|
754,455
|
|
|
|
2,315,953
|
|
|
|
3,070,408
|
|
|
Capital Equipment
|
|
|
–
|
|
|
|
6,790,641
|
|
|
|
–
|
|
|
|
6,790,641
|
|
|
THL Credit Senior Loan Fund
|
|
|
Notes to the Schedule of Investments
(unaudited) (continued)
|
September 30, 2019
|
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
Fair
Value Measurement (continued)
|
Asset Type
|
|
Level
1
|
|
|
Level
2
|
|
|
Level
3
|
|
|
Total
|
|
|
Chemicals, Plastics
& Rubber
|
|
$
|
–
|
|
|
$
|
288,939
|
|
|
$
|
1,932,894
|
|
|
$
|
2,221,833
|
|
|
Construction & Building
|
|
|
–
|
|
|
|
1,495,366
|
|
|
|
–
|
|
|
|
1,495,366
|
|
|
Consumer Products: Durable
|
|
|
–
|
|
|
|
1,664,466
|
|
|
|
–
|
|
|
|
1,664,466
|
|
|
Consumer Products: Non Durable
|
|
|
–
|
|
|
|
4,412,127
|
|
|
|
158,864
|
|
|
|
4,570,991
|
|
|
Containers, Packaging &
Glass
|
|
|
–
|
|
|
|
2,508,675
|
|
|
|
1,077,300
|
|
|
|
3,585,975
|
|
|
Energy: Oil & Gas
|
|
|
–
|
|
|
|
2,497,463
|
|
|
|
2,618,358
|
|
|
|
5,115,821
|
|
|
Environmental Industries
|
|
|
–
|
|
|
|
925,781
|
|
|
|
–
|
|
|
|
925,781
|
|
|
Healthcare & Pharmaceuticals
|
|
|
–
|
|
|
|
5,968,883
|
|
|
|
712,254
|
|
|
|
6,681,137
|
|
|
High Tech Industries
|
|
|
–
|
|
|
|
34,000,719
|
|
|
|
6,031,684
|
|
|
|
40,032,403
|
|
|
Hotel, Gaming & Leisure
|
|
|
–
|
|
|
|
3,491,764
|
|
|
|
1,102,050
|
|
|
|
4,593,814
|
|
|
Media: Advertising, Printing
& Publishing
|
|
|
–
|
|
|
|
702,984
|
|
|
|
–
|
|
|
|
702,984
|
|
|
Media: Broadcasting & Subscription
|
|
|
–
|
|
|
|
7,322,224
|
|
|
|
–
|
|
|
|
7,322,224
|
|
|
Media: Diversified & Production
|
|
|
–
|
|
|
|
1,486,271
|
|
|
|
–
|
|
|
|
1,486,271
|
|
|
Metals & Mining
|
|
|
–
|
|
|
|
602,081
|
|
|
|
975,100
|
|
|
|
1,577,181
|
|
|
Retail
|
|
|
–
|
|
|
|
5,918,244
|
|
|
|
144,947
|
|
|
|
6,063,191
|
|
|
Services: Business
|
|
|
–
|
|
|
|
24,543,843
|
|
|
|
3,844,020
|
|
|
|
28,387,863
|
|
|
Services: Consumer
|
|
|
–
|
|
|
|
7,994,087
|
|
|
|
972,650
|
|
|
|
8,966,737
|
|
|
Telecommunications
|
|
|
–
|
|
|
|
10,293,643
|
|
|
|
–
|
|
|
|
10,293,643
|
|
|
Transportation: Cargo
|
|
|
–
|
|
|
|
5,044,106
|
|
|
|
–
|
|
|
|
5,044,106
|
|
|
Wholesale
|
|
|
–
|
|
|
|
1,439,435
|
|
|
|
–
|
|
|
|
1,439,435
|
|
|
Corporate Bonds*
|
|
|
–
|
|
|
|
1,274,045
|
|
|
|
–
|
|
|
|
1,274,045
|
|
|
Common Stocks*
|
|
|
–
|
|
|
|
–
|
|
|
|
414,791
|
|
|
|
414,791
|
|
|
Warrant*
|
|
|
–
|
|
|
|
–
|
|
|
|
151,737
|
|
|
|
151,737
|
|
|
Money Market Fund
|
|
|
8,820,516
|
|
|
|
–
|
|
|
|
–
|
|
|
|
8,820,516
|
|
|
Total Investments
|
|
$
|
8,820,516
|
|
|
$
|
146,718,300
|
|
|
$
|
24,698,888
|
|
|
$
|
180,237,704
|
|
* Please refer to Schedule of Investments
for a breakdown of valuations by industry.
The
following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value:
|
|
|
Senior
Loans
|
|
|
Common
Stocks
|
|
|
Warrant
|
|
|
Total
|
|
|
Balance
as of December 31, 2018
|
|
$
|
36,736,956
|
|
|
$
|
126,187
|
|
|
$
|
503,768
|
|
|
$
|
37,366,911
|
|
|
Realized
loss
|
|
|
(1,894,974
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
(1,894,974
|
)
|
|
Change
in unrealized depreciation
|
|
|
811,093
|
|
|
|
(216,079
|
)
|
|
|
(352,031
|
)
|
|
|
242,983
|
|
|
Amortization
(accretion)
|
|
|
92,387
|
|
|
|
-
|
|
|
|
-
|
|
|
|
92,387
|
|
|
Purchases
|
|
|
6,935,563
|
|
|
|
-
|
|
|
|
-
|
|
|
|
6,935,563
|
|
|
Sales
and principal paydowns
|
|
|
(9,502,332
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
(9,502,332
|
)
|
|
Transfers
into Level 3
|
|
|
7,914,121
|
|
|
|
504,683
|
|
|
|
-
|
|
|
|
8,418,804
|
|
|
Transfers
out of Level 3
|
|
|
(16,960,454
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
(16,960,454
|
)
|
|
Balance
as of September 30, 2019
|
|
$
|
24,132,360
|
|
|
$
|
414,791
|
|
|
$
|
151,737
|
|
|
$
|
24,698,888
|
|
|
Net
change in unrealized depreciation attributable to level 3 investments held at September 30, 2019
|
|
$
|
(969,661
|
)
|
|
$
|
(216,079
|
)
|
|
$
|
(352,031
|
)
|
|
$
|
(1,537,771
|
)
|
|
THL Credit Senior Loan Fund
|
|
|
Notes to the Schedule of Investments
(unaudited) (concluded)
|
September 30, 2019
|
2. SIGNIFICANT ACCOUNTING POLICIES (concluded)
Fair
Value Measurement (continued)
Investments
were transferred into Level 3 during the period ended September 30, 2019 due to changes in the quantity and quality of information,
specifically the number of vendor quotes available to support the valuation of each investment and the increased incidence of
stale prices, as assessed by the Adviser. Investments were transferred out of Level 3 during the period ended September 30, 2019
due to improvements in the quantity and quality of information, specifically the number of vendor quotes available to support
the valuation of each investment and the reduced incidence of stale prices, as assessed by the Adviser.
The
valuation techniques and significant amounts of unobservable inputs used in Fund’s Level 3 securities are outlined in the
table below:
|
|
|
Fair
Value
|
|
|
Valuation Technique
|
|
Unobservable
Input
|
|
Range
|
|
Direction Change in
Fair Value Resulting
from Increase in
Unobservable Inputs(1)
|
|
Senior Loans
|
|
$
|
23,987,414
|
|
|
Third-party vendor pricing service
|
|
Broker quotes
|
|
N/A
|
|
Increase
|
|
Senior Loans
|
|
|
144,946
|
|
|
Recoverability
|
|
Liquidation proceeds
|
|
$24.3M
|
|
Increase
|
|
Common Stocks
|
|
|
414,791
|
|
|
Broker quotes
|
|
Broker quotes
|
|
$5.50
|
|
Increase
|
|
Common Stocks
|
|
|
---
|
|
|
Recoverability
|
|
Liquidation proceeds
|
|
$24.3M
|
|
Increase
|
|
Warrants
|
|
|
151,737
|
|
|
Third-party vendor pricing service
|
|
Broker quotes
|
|
N/A
|
|
Increase
|
|
|
(1)
|
This column represents
the direction change in the fair value of Level 3 securities that would result from an
increase to the corresponding unobservable inputs. A decrease to the unobservable input
would have the opposite effect. Significant increases and decreases of these inputs could
result in significantly higher or lower gain value determination.
|
3. DELAYED DRAW LOAN COMMITMENTS
As
of September 30, 2019, the Fund had the following unfunded loan commitments outstanding, which could be extended at the option
of the borrower:
|
Loan
|
|
Principal
Amount
|
|
|
Cost
|
|
|
Value
|
|
|
Net Unrealized
Appreciation/
Depreciation
|
|
|
Heartland Dental LLC, Delayed Draw Term
Loan - First Lien
|
|
$
|
24,457
|
|
|
$
|
24,334
|
|
|
$
|
23,986
|
|
|
$
|
(348
|
)
|
|
NCR Corp., Delayed Draw Term Loan - First Lien
|
|
|
266,667
|
|
|
|
265,333
|
|
|
|
267,500
|
|
|
|
2,167
|
|
Delayed
draw loan commitments are marked to market on the relevant day of the valuation in accordance with the Fund’s valuation
policy.
Item 2. Controls and Procedures.
|
|
(a)
|
The registrant’s principal executive and principal financial officers, or persons performing
similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under
the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) were effective, as of a date
within 90 days of the filing date of this report, based on their evaluation of these controls and procedures required by Rule 30a-3(b)
under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended
(17 CFR 240.13a-15(b) or 240.15d-15(b)).
|
|
|
(b)
|
There were no changes in the registrant’s internal control over financial reporting (as defined
in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d))) that occurred during the registrant’s last fiscal quarter that
have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial
reporting.
|
Item 3. Exhibits.
Certifications pursuant to Rule 30a-2(a)
under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
|
(Registrant)
|
THL CREDIT SENIOR LOAN FUND
|
|
By (Signature and Title)*
|
/s/ Brian W. Good
|
|
|
Brian W. Good, President and Principal Executive Officer
|
|
|
(principal executive officer)
|
Pursuant to the requirements of the Securities
Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf
of the registrant and in the capacities and on the dates indicated.
|
By (Signature and Title)*
|
/s/ Brian W. Good
|
|
|
Brian W. Good, President and Principal Executive Officer
|
|
|
(principal executive officer)
|
|
By (Signature and Title)*
|
/s/ Jennifer Wilson
|
|
|
Jennifer Wilson, Treasurer, Principal Financial Officer and Secretary
|
|
|
(principal financial officer)
|
* Print the name and title of each signing officer
under his or her signature.
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