Silver Point Specialty Lending Fund: Asset Coverage Details
| Field | Detail |
|---|---|
| Company | Silver Point Specialty Lending Fund |
| Form Type | DEF 14A |
| Filed Date | Apr 4, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: asset-coverage, leverage, financial-reporting
TL;DR
Silver Point's asset coverage is 218% as of Sept 30, 2024, with hypothetical scenarios also detailed.
AI Summary
Silver Point Specialty Lending Fund filed a DEF 14A on April 4, 2025, detailing asset coverage ratios as of September 30, 2024. The actual asset coverage was 218%, based on annualized expenses for the three months ended September 30, 2024. The filing also presents hypothetical scenarios for 200% and 150% asset coverage, assuming average net capital contributions of $549.16 million.
Why It Matters
This filing provides insight into the fund's leverage and financial stability, which is crucial for investors assessing risk and potential returns.
Risk Assessment
Risk Level: medium — The filing discusses asset coverage ratios and hypothetical leverage scenarios, which are key indicators of financial risk for a lending fund.
Key Numbers
- 218% — Actual Asset Coverage (As of September 30, 2024, indicating the fund's current leverage position.)
- $549.16 million — Assumed Net Capital Contributions (Used for hypothetical 200% and 150% asset coverage calculations.)
Key Players & Entities
- Silver Point Specialty Lending Fund (company) — Filer of the DEF 14A
- September 30, 2024 (date) — Date for asset coverage calculation
- $549.16 million (dollar_amount) — Assumed average net capital contributions for hypothetical scenarios
FAQ
What is the actual asset coverage ratio for Silver Point Specialty Lending Fund as of September 30, 2024?
The actual asset coverage as of September 30, 2024, was 218%.
What period are the annualized expenses based on for the asset coverage calculations?
The expenses are based on actual expenses incurred for the three months ended September 30, 2024, annualized for a full year.
What is the assumed average net capital contribution for the hypothetical asset coverage scenarios?
The filing assumes average net capital contributions of $549.16 million for the '200% asset coverage' and '150% asset coverage' columns.
Are the hypothetical asset coverage figures a representation of the fund's borrowing intentions?
No, the filing states that the maximum amount of borrowings presented for comparative and informational purposes is not a representation of the amount of borrowings the Fund intends to incur or that would be available.
When was this DEF 14A filing submitted?
This DEF 14A filing was submitted on April 4, 2025.
Filing Details
This Form DEF 14A (Form DEF 14A) was filed with the SEC on April 4, 2025 regarding Silver Point Specialty Lending Fund.