Company research
T Series BDC LLC
CIK 1885968
Filing activity
Latest filing
50 filings on record · 10-Q, 40-17G, 8-K, 10-K, 3.
Recent filings
10-Q filing
40-17G filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
10-Q filing
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 2,283,926,000Source | 2,108,821,000Source | 1,758,441,000Source | 1,285,290,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 47,217,000Source | 48,590,000Source | 45,064,000Source | 36,459,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,160,219,000Source | 1,066,856,000Source | 928,462,000Source | 703,207,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 62,000Source | 55,000Source | 43,000Source | 31,000Source |
| Additional Paid in CapitalUSD | 1,190,236,000Source | 1,066,763,000Source | 843,615,000Source | 610,553,000Source |
| Retained Earnings (Accumulated Deficit)USD | -66,591,000Source | -24,853,000Source | -13,679,000Source | -28,501,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,123,707,000Source | 1,041,965,000Source | 829,979,000Source | 582,083,000Source |
| Liabilities and EquityUSD | 2,283,926,000Source | 2,108,821,000Source | 1,758,441,000Source | 1,285,290,000Source |
| Additional Financial Items | ||||
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | 70,893,000Source | — | — | — |
| Dividends PayableUSD | 29,579,000Source | 33,014,000Source | 27,744,000Source | 16,507,000Source |
| Long-term DebtUSD | 1,112,958,000Source | 1,013,941,000Source | 881,241,000Source | 676,498,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -88,927,000Source | -232,974,000Source | -336,233,000Source | -854,223,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 590,000Source | 552,000Source | 427,000Source | 78,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 95,379,000Source | 236,544,000Source | 344,829,000Source | 806,089,000Source |
| Repayments of Long-term DebtUSD | 133,000,000Source | 279,500,000Source | 229,000,000Source | 654,500,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | 48,590,000Source | 45,064,000Source | 36,459,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 70,738,000Source | 82,346,000Source | 55,427,000Source | 15,120,000Source |
| Income Taxes Paid, NetUSD | 178,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Deferred ChargesUSD | — | 0Source | 0Source | 86,000Source |
| Amortization of Debt Issuance CostsUSD | 3,527,000Source | — | — | — |
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | 70,893,000Source | — | — | — |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | -12,643,000Source | 60,000Source | 74,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | — | -798,000Source | 13,003,000Source | -31,003,000Source |
| Dividends PayableUSD | 29,579,000Source | 33,014,000Source | 27,744,000Source | 16,507,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | 21,000Source | 6,000Source | 7,000Source | -6,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | 84,000Source | -52,000Source | 2,000Source | 9,000Source |
| InterestAndDividendIncomeOperatingPaidInKindUSD | 11,934,000Source | 8,974,000Source | 3,515,000Source | 969,000Source |
| InterestIncomeOperatingPaidInKindUSD | — | 7,795,000Source | 2,669,000Source | 446,000Source |
| InvestmentCompanyDistributionOrdinaryIncomeUSD | 120,588,000Source | 118,957,000Source | 94,829,000Source | 41,918,000Source |
| Net Income (Loss) Attributable to ParentUSD | 78,896,000Source | 107,809,000Source | 109,560,000Source | 13,523,000Source |
| Proceeds from Issuance of Common StockUSD | 0Source | 110,000,000Source | 150,000,000Source | 350,000,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 231,000,000Source | 412,699,000Source | 433,500,000Source | 1,116,788,000Source |
| Realized Investment Gains (Losses)USD | -10,945,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Net Income (Loss) Attributable to ParentUSD | 78,896,000Source | 107,809,000Source | 109,560,000Source | 13,523,000Source |
| Earnings Per Share, BasicUSD per share | 1.33Source | 2.21Source | 2.91Source | 0.7Source |
| Earnings Per Share, DilutedUSD per share | 1.33Source | 2.21Source | 2.91Source | 0.7Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 59,157,749Source | 48,791,217Source | 37,686,642Source | 19,376,645Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 59,157,749Source | 48,791,217Source | 37,686,642Source | 19,376,645Source |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 2.04Source | 2.42Source | 2.48Source | 2.01Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | -12,643,000Source | 60,000Source | 74,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | — | -798,000Source | 13,003,000Source | -31,003,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | 21,000Source | 6,000Source | 7,000Source | -6,000Source |
| Interest ExpenseUSD | — | — | 64,313,000Source | 21,816,000Source |
| InterestExpenseOperatingUSD | 73,375,000Source | 82,897,000Source | — | — |
| InterestIncomeOperatingPaidInKindUSD | — | 7,795,000Source | 2,669,000Source | 446,000Source |
| InvestmentIncomeOperatingAfterExpenseAndTaxUSD | 119,922,000Source | 121,296,000Source | 96,488,000Source | 44,449,000Source |
| Management Fee ExpenseUSD | 4,225,000Source | 3,819,000Source | 3,331,000Source | 1,870,000Source |
| Net Investment IncomeUSD | 120,090,000Source | 121,472,000Source | 96,580,000Source | 44,526,000Source |
| Other General and Administrative ExpenseUSD | 2,480,000Source | 2,369,000Source | 1,213,000Source | 389,000Source |
| Other IncomeUSD | — | 4,056,000Source | 4,249,000Source | 2,515,000Source |
| Realized Investment Gains (Losses)USD | -10,945,000Source | — | — | — |
Filing attachments
ck0001885968-ex4_1.htm · 10-K · 2026-03-02
Exhibit 4.1 DESCRIPTION OF SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 As of December 31, 2024, T Series Middle Market Loan Fund (“we,” “our,” or the “Company”) had one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended: our common units (the “Common Units”). Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Annual Report on Form 10-K to which this Description of…
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