MSD Investment Corp. Files 2024 10-K, Details Debt Investments
| Field | Detail |
|---|---|
| Company | Msd Investment Corp. |
| Form Type | 10-K |
| Filed Date | Mar 19, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, investment, debt-financing
TL;DR
MSD Investment Corp. 2024 10-K out: invested in Systems Planning & Analysis, Inc. and Business Legends Hospitality Holding Co. debt.
AI Summary
MSD Investment Corp. filed its 10-K for the fiscal year ending December 31, 2024. The company, formerly known as MSD Investment, LLC, is incorporated in Maryland and headquartered in New York. Key financial activities include investments in non-controlled/non-affiliated entities, such as First Lien Debt in Systems Planning and Analysis, Inc. with a commitment expiration date of 8/16/2027, and a Delayed Draw Term Loan for Business Legends Hospitality Holding Company with a maturity date of 8/22/2031.
Why It Matters
This filing provides insight into MSD Investment Corp.'s investment portfolio and financial health, which can influence investor decisions and market perception of its associated entities.
Risk Assessment
Risk Level: medium — The company's investment in debt instruments carries inherent risks related to the financial stability and performance of the borrowers.
Key Numbers
- 2024-12-31 — Fiscal Year End (Reporting period for the 10-K filing.)
- 2025-03-19 — Filing Date (Date the 10-K was officially submitted to the SEC.)
Key Players & Entities
- MSD Investment Corp. (company) — Filer of the 10-K
- MSD Partners, L.P. (company) — Associated entity for business and mail address
- Systems Planning and Analysis, Inc. (company) — Investee in First Lien Debt
- Business Legends Hospitality Holding Company (company) — Investee in Delayed Draw Term Loan
- 8/16/2027 (date) — Commitment expiration date for Systems Planning and Analysis, Inc. debt
- 8/22/2031 (date) — Maturity date for Business Legends Hospitality Holding Company loan
FAQ
What is the total value of MSD Investment Corp.'s investments in non-controlled/non-affiliated entities as of December 31, 2024?
The provided text does not specify the total dollar amount of these investments, only details on specific debt instruments.
What is the interest rate and spread for the First Lien Debt in Systems Planning and Analysis, Inc.?
The filing mentions a commitment expiration date of 8/16/2027 for Systems Planning and Analysis, Inc. but does not specify the interest rate or spread for this particular debt.
What is the principal amount of the Delayed Draw Term Loan provided to Business Legends Hospitality Holding Company?
The filing states the loan has a reference rate and spread (S + 5.00%), an interest rate floor (0.75%), an interest rate of 9.31%, and a maturity date of 8/22/2031, but the principal amount is not provided.
What were MSD Investment Corp.'s previous names and when did the name changes occur?
MSD Investment Corp. was formerly known as MSD Investment, LLC (name change on 2021-11-17) and prior to that, MSD Investment Corp., LLC (name change on 2021-03-08).
What is the business address and phone number for MSD Investment Corp.?
The business address is C/O MSD PARTNERS, L.P., 1 VANDERBILT AVE, 26TH FLOOR, NEW YORK, NY 10017-5407, and the business phone number is 212.303.4758.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 19, 2025 regarding MSD Investment Corp..