Wed, Nov 13, 7:43 PM (237 days ago)
For the quarter ended September 30, 2024, KKR Enhanced US Direct Lending Fund-L Inc. (ticker: EBDC) reported a total investment income of $18,112, primarily from interest income of $16,208. The net investment income was $11,054, reflecting a strong performance despite operating expenses of $8,040. The fund's total assets were valued at $710,531, with net assets of $333,268, translating to a net asset value per share of $1,036.49. The company maintained significant liquidity with $14,466 in cash and cash equivalents and had a credit facility of $356,690. The recent amendment to the credit facility reduced the interest spread from 2.65% to 2.15%, potentially enhancing future profitability. The portfolio consists mainly of senior secured loans, with a fair value of $656,535, accounting for 98.1% of total investments. The fund's diversification across various sectors, including diversified support services and insurance brokers, mitigates risks associated with market fluctuations. Overall, EBDC's performance metrics indicate robust financial health, though uncertainties related to market conditions and interest rate fluctuations persist.