Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES

v3.23.2
COMMITMENTS AND CONTINGENCIES
6 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
At June 30, 2023, the Company had the following outstanding commitments (in thousands):
Investments with equity capital commitments that have not yet funded: Amount
Freeport First Lien Loan Fund III LP $ 6,733 
HPEP 3, L.P. 1,555 
Brightwood Capital Fund III, LP 100 
     Total Equity Commitments $ 8,388
Investments with commitments to fund revolving loans that have not been fully drawn or term loans with additional commitments not yet funded:
Power System Solutions $ 3,989 
AB Centers Acquisition Corporation 3,897 
HEADLANDS OP-CO LLC 3,000 
Winter Services LLC 2,778 
SI East, LLC 2,500 
Bluestem Brands, Inc. 2,165 
Roof Opco, LLC 1,944 
NWN Corporation 1,744 
American Health Staffing Group, Inc. 1,667 
IG Parent Corporation 1,667 
Imaging Business Machines, L.L.C. 1,483 
Mako Steel, LP 1,420 
Infolinks Media Buyco, LLC 1,260 
RA Outdoors LLC 1,235 
Bettercloud, Inc. 1,216 
Dalton US Inc. 1,187 
ArborWorks, LLC 1,130 
Burning Glass Intermediate Holding Company, Inc. 1,033 
GRT Rubber Technologies LLC 1,010 
IG Investor, LLC 1,000 
NexRev LLC 1,000 
Bond Brand Loyalty ULC 900 
Classic H&G Holdco, LLC 860 
CaseWorthy, Inc. 800 
VVS Holdco, LLC 800 
Cody Pools, Inc. 786 
NinjaTrader, LLC 750 
Direct Marketing Solutions, Inc. 750 
Evergreen North America Acquisitions, LLC 710 
JTI Electrical & Mechanical, LLC 702 
SPAU Holdings, LLC 700 
West Star Aviation Acquisition, LLC 667 
Engineering Research & Consulting, LLC 621 
Centre Technologies Holdings, LLC 600 
ITA Holdings Group, LLC 543 
Paragon Healthcare, Inc. 543 
Watterson Brands, LLC 534 
Robbins Bros. Jewelry, Inc. 500 
Wall Street Prep, Inc. 500 
Inspire Aesthetics Management, LLC 475 
Jackmont Hospitality, Inc. 473 
PTL US Bidco, Inc 469 
MonitorUS Holding, LLC 467 
Xenon Arc, Inc. 465 
Invincible Boat Company, LLC. 457 
Microbe Formulas, LLC 434 
Acumera, Inc. 427 
Trantech Radiator Topco, LLC 400 
Chamberlin Holding LLC 400 
AMEREQUIP LLC. 391 
South Coast Terminals Holdings, LLC 381 
Escalent, Inc. 349 
AVEX Aviation Holdings, LLC 307 
Batjer TopCo, LLC 300 
Gamber-Johnson Holdings, LLC 300 
Archer Systems, LLC 232 
Channel Partners Intermediateco, LLC 209 
MetalForming AcquireCo, LLC 205 
SIB Holdings, LLC 200 
Mystic Logistics Holdings, LLC 200 
Johnson Downie Opco, LLC 200 
Orttech Holdings, LLC 200 
ATS Operating, LLC 150 
Career Team Holdings, LLC 150 
Elgin AcquireCo, LLC 123 
Gulf Publishing Holdings, LLC 100 
Clad-Rex Steel, LLC 100 
Adams Publishing Group, LLC 94 
Hawk Ridge Systems, LLC 84 
AAC Holdings, Inc. 71 
Interface Security Systems, L.L.C
     Total Loan Commitments $ 59,405 
     Total Commitments $ 67,793 
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 June 30, 2023.
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.