AB 2020 Form 10-K

Portfolio Company Industry Facility Type Interest Maturity Funded Par Amount Cost Fair Value Swiftpage, Inc. Software & Services Term Loan A 7.24% (L + 5.50%; 1.00% Floor) 06/13/2023 $ 229,796 $ 225,972 $ 225,200 Swiftpage, Inc. Software & Services Term Loan 7.30% (L + 5.50%; 1.00% Floor) 06/13/2023 2,496,789 2,460,901 2,446,853 Swiftpage, Inc. (2)(3) Software & Services Revolver 7.30% (L + 5.50%; 1.00% Floor) 06/13/2023 — (3,128) (4,506) Symplr Software, Inc. (1)(13) Software & Services Term Loan 7.94% (L + 6.00%) 11/28/2025 5,756,909 5,680,081 5,670,556 Symplr Software, Inc. (2)(13) Software & Services Revolver 7.94% (L + 6.00%) 11/30/2023 268,631 265,115 264,184 TRGRP, Inc. (1) Software & Services Term Loan 8.80% (L + 4.50%; 2.50% PIK; 1.00% Floor) 11/01/2023 4,806,090 4,728,641 4,709,968 TRGRP, Inc. (2)(3) Software & Services Revolver 8.80% (L + 4.50%; 2.50% PIK; 1.00% Floor) 11/01/2023 — (5,139) (6,667) TRGRP, Inc. (1) Software & Services Incremental Term Loan 8.80% (L + 4.50%; 2.50% PIK; 1.00% Floor) 11/01/2023 1,073,976 1,054,948 1,052,497 Velocity Purchaser Corporation (1) Software & Services Term Loan 7.80% (L + 6.00%; 1.00% Floor) 12/01/2022 2,815,750 2,781,894 2,815,750 Velocity Purchaser Corporation (1) Software & Services Term Loan 7.79% (L + 6.00%; 1.00% Floor) 12/01/2022 700,038 689,647 700,038 Velocity Purchaser Corporation (2)(3) Software & Services Revolver 7.80% (L + 6.00%; 1.00% Floor) 12/01/2022 — (2,300) — Watermark Insights, LLC (1) Software & Services Term Loan 7.29% (L + 5.50%; 1.00% Floor) 06/07/2024 2,612,705 2,592,613 2,586,578 Watermark Insights, LLC (1) Software & Services Delayed Draw Term Loan 7.29% (L + 5.50%; 1.00% Floor) 06/07/2024 327,878 326,063 324,599 Purchasing Power, LLC (1) Specialty Finance Term Loan 8.96% (L + 7.25%; 1.00% Floor) 02/06/2024 2,854,850 2,810,973 2,804,891 Dillon Logistics, Inc. (1) Transport & Logistics Term Loan B 10.48% (L + 3.00%; 5.00% PIK; 1.00% Floor) 12/11/2023 1,172,909 1,154,246 1,089,984 Dillon Logistics, Inc. (1) Transport & Logistics Term Loan A 10.48% (L + 3.00%; 5.00% PIK; 1.00% Floor) 12/11/2023 2,658,594 2,616,179 2,470,631 Dillon Logistics, Inc. (2)(14) Transport & Logistics Revolver 8.90% (L + 7.00%; 1.00% Floor) 12/11/2023 365,443 360,395 336,694 OSG Bulk Ships, Inc. (1) Transport & Logistics Term Loan 6.69% (L + 5.00%) 12/21/2023 6,017,292 5,955,690 5,942,076 Total 1st Lien/Senior Secured Debt 329,471,892 327,560,477 2nd Lien/Junior Secured Debt —5.27% Brave Parent Holdings, Inc. (1) Energy Term Loan 9.43% (L + 7.50%) 04/17/2026 1,230,107 1,204,314 1,180,902 Conterra Ultra Broadband Holdings, Inc. (1) Software & Services Term Loan 9.70% (L + 8.00%; 1.00% Floor) 04/30/2027 6,537,710 6,445,244 6,439,645 Total 2nd Lien/Junior Secured Debt 7,649,558 7,620,547 Total U.S. Corporate Debt 337,121,450 335,181,024 Canadian Corporate Debt—1.95% 1st Lien/Senior Secured Debt —1.95% JHMCRN Holdings, Inc. (1) (19) Business Services Term Loan 6.80% (L + 5.00%; 1.00% Floor) 11/25/2025 846,198 837,854 837,736 Nuvei Technologies Corp. (1) (4)(19) Business Services Term Loan 6.80% (L + 5.00%; 1.00% Floor) 09/29/2025 2,015,143 2,010,646 1,994,992 Total 1st Lien/Senior Secured Debt 2,848,500 2,832,728 Total Canadian Corporate Debt 2,848,500 2,832,728 Portfolio Company Industry Shares Cost Fair Value U.S. Preferred Stock —3.36% Concerto, LLC (15)(16) Healthcare & HCIT 65,614 $ 349,977 $ 349,977 Datarobot, Inc. (16) Software & Services 38,190 289,278 289,278 Degreed, Inc. (16) Software & Services 43,819 278,541 278,540 Heap (16) Software & Services 189,617 696,351 696,351 See Notes to Unaudited Consolidated Financial Statements F-18