6. CORPORATE DEBT

The Company invests in corporate loans and corporate debt securities through the MML subsidiary.

The industry and interest rate characteristics of the portfolio as of June 30, 2016 are as follows:

	Industry Dispersion
	Fixed Rate		Floating Rate		Total
	(dollars in thousands)

Business Services	$	-	$	41,311	$	41,311
Commercial Fishing		-		41,196		41,196
Cybersecurity		-		93,517		93,517
Drugs		-		34,452		34,452
Home Health Care Services		-		39,455		39,455
Insurance Agents, Brokers & Services		4,369		44,446		48,815
Miscellaneous Business Services		-		19,612		19,612
Miscellaneous Food Preparations		-		27,221		27,221
Miscellaneous Health & Allied Services		-		39,031		39,031
Miscellaneous Nonmetallic Minerals		-		24,676		24,676
Miscellaneous Plastic Products		-		27,114		27,114
Motor Vehicles, Parts & Supplies		-		12,375		12,375
Offices & Clinics of Doctors of Medicine		-		83,919		83,919
Research, Development & Testing Services		-		17,740		17,740
Schools & Educational Services		-		21,105		21,105
Security		84,410		-		84,410
Surgical, Medical & Dental Instruments		-		13,663		13,663
Total	$	88,779	$	580,833	$	669,612

The table below reflects the Company’s aggregate positions by their respective place in the capital structure of the borrowers as of June 30, 2016.

	June 30, 2016
	(dollars in thousands)

First lien loans		$	418,972
Second lien loans			161,862
Second lien notes			84,409
Subordinated notes			4,369
Total		$	669,612

In June 2016, a consolidated subsidiary of the Company (the “Borrower”) entered into a $300.0 million credit facility with a third party financial institution. As of June 30, 2016, the Borrower had not drawn on the credit facility.