| COMMITMENTS AND CONTINGENCIES |
COMMITMENTS AND CONTINGENCIES At March 31, 2024, MSC Income Fund had the following outstanding commitments (in thousands):
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| Investments with equity capital commitments that have not yet funded: |
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Amount |
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| Freeport First Lien Loan Fund III LP |
|
$ |
8,340 |
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| HPEP 3, L.P. |
|
1,308 |
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| Brightwood Capital Fund III, LP |
|
22 |
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| Total Equity Commitments |
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$ |
9,670 |
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| Investments with commitments to fund revolving loans that have not been fully drawn or term loans with additional commitments not yet funded: |
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| Computer Data Source, LLC |
|
$ |
8,333 |
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| CQ fluency, LLC |
|
4,500 |
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| Mako Steel, LP |
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4,057 |
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| Insight Borrower Corporation |
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3,888 |
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| BP Loenbro Holdings Inc. |
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2,569 |
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| Garyline, LLC |
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2,416 |
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| SI East, LLC |
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2,125 |
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| Winter Services LLC |
|
1,944 |
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| American Health Staffing Group, Inc. |
|
1,667 |
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| IG Parent Corporation |
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1,667 |
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| Bluestem Brands, Inc. |
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1,552 |
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| Burning Glass Intermediate Holding Company, Inc. |
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1,549 |
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| AB Centers Acquisition Corporation |
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1,538 |
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| Richardson Sales Solutions |
|
1,439 |
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| Jackmont Hospitality, Inc. |
|
1,419 |
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| Titan Meter Midco Corp. |
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1,384 |
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| Power System Solutions |
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1,330 |
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| Evergreen North America Acquisitions, LLC |
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1,253 |
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| Bettercloud, Inc. |
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1,216 |
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| Classic H&G Holdco, LLC |
|
1,060 |
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| HEADLANDS OP-CO LLC |
|
1,000 |
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| IG Investor, LLC |
|
1,000 |
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| Mini Melts of America, LLC |
|
983 |
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| Invincible Boat Company, LLC. |
|
976 |
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| Roof Opco, LLC |
|
972 |
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| Bond Brand Loyalty ULC |
|
900 |
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| Imaging Business Machines, L.L.C. |
|
890 |
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| VVS Holdco, LLC |
|
800 |
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| Cody Pools, Inc. |
|
786 |
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| Purge Rite, LLC |
|
781 |
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| Acumera, Inc. |
|
768 |
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| NinjaTrader, LLC |
|
750 |
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| SPAU Holdings, LLC |
|
700 |
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| Engineering Research & Consulting, LLC |
|
652 |
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| NexRev LLC |
|
600 |
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| Centre Technologies Holdings, LLC |
|
600 |
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| ArborWorks, LLC |
|
530 |
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| AVEX Aviation Holdings, LLC |
|
512 |
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| Wall Street Prep, Inc. |
|
500 |
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| GRT Rubber Technologies LLC |
|
468 |
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| Microbe Formulas, LLC |
|
434 |
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| Watterson Brands, LLC |
|
433 |
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| PTL US Bidco, Inc |
|
427 |
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| Channel Partners Intermediateco, LLC |
|
419 |
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| CaseWorthy, Inc. |
|
400 |
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| Trantech Radiator Topco, LLC |
|
400 |
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| Chamberlin Holding LLC |
|
400 |
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| Johnson Downie Opco, LLC |
|
400 |
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| South Coast Terminals Holdings, LLC |
|
381 |
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| Escalent, Inc. |
|
349 |
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| Pinnacle TopCo, LLC |
|
345 |
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| Gamber-Johnson Holdings, LLC |
|
300 |
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| Career Team Holdings, LLC |
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300 |
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| Clad-Rex Steel, LLC |
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300 |
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| Metalforming Holdings, LLC |
|
205 |
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| ATS Operating, LLC |
|
200 |
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| Mystic Logistics Holdings, LLC |
|
200 |
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| Orttech Holdings, LLC |
|
200 |
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| Batjer TopCo, LLC |
|
180 |
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| ITA Holdings Group, LLC |
|
160 |
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| Analytical Systems Keco Holdings, LLC |
|
145 |
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| Elgin AcquireCo, LLC |
|
123 |
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| Gulf Publishing Holdings, LLC |
|
100 |
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| JTI Electrical & Mechanical, LLC |
|
89 |
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| AAC Holdings, Inc. |
|
71 |
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| Inspire Aesthetics Management, LLC |
|
43 |
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| Adams Publishing Group, LLC |
|
4 |
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| Interface Security Systems, LLC |
|
1 |
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| Total Loan Commitments |
|
$ |
69,083 |
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| Total Commitments |
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$ |
78,753 |
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MSC Income Fund will fund its unfunded commitments from the same sources it uses to fund its investment commitments that are funded at the time they are made (which are typically through existing cash and cash equivalents and borrowings under the Credit Facilities). MSC Income Fund follows a process to manage its liquidity and ensure that it has available capital to fund its unfunded commitments as necessary. MSC Income Fund had no unrealized appreciation or depreciation on the outstanding unfunded commitments as of March 31, 2024.
MSC Income Fund may, from time to time, be involved in litigation arising out of its operations in the normal course of business or otherwise. Furthermore, third parties may try to impose liability on MSC Income Fund in connection with the activities of its portfolio companies. While the outcome of any current legal proceedings cannot at this time be predicted with certainty, MSC Income Fund does not expect any current matters will materially affect its financial condition or results of operations; however, there can be no assurance whether any pending legal proceedings will have a material adverse effect on MSC Income Fund’s financial condition or results of operations in any future reporting period.
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