CORPORATE LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

6 Months Ended

Jun. 30, 2015

Successor Company

Summary of corporate loans

Schedule of corporate loans

The following table summarizes the Company’s corporate loans, at estimated fair value as of June 30, 2015 and December 31, 2014 (amounts in thousands):

	June 30, 2015						December 31, 2014
	Par		Amortized  Cost		Estimated Fair Value		Par		Amortized  Cost		Estimated Fair Value
Corporate loans, at estimated fair value	$	6,148,925	$	6,015,611	$	5,865,885	$	6,907,373	$	6,710,570	$	6,506,564
Total	$	6,148,925	$	6,015,611	$	5,865,885	$	6,907,373	$	6,710,570	$	6,506,564

Schedule of realized and unrealized (losses) gains from corporate loans

The following tables present the Company’s realized and unrealized gains (losses) from corporate loans (amounts in thousands):

	Three months ended June 30, 2015			Six months ended June 30, 2015			Two months ended June 30, 2014
Net realized gains (losses)	$	(6,079	)	$	(22,261	)	$	(4,716	)
Net (increase) decrease in unrealized losses	(27,450		)	54,824			25,861
Net realized and unrealized gains (losses)	$	(33,529	)	$	32,563		$	21,145

Schedule of corporate loans pledged as collateral

The following table summarizes the corporate loans, at estimated fair value, pledged as collateral as of June 30, 2015 and December 31, 2014 (amounts in thousands):

	June 30, 2015		December 31, 2014
Pledged as collateral for collateralized loan obligation secured debt	$	5,428,388	$	6,205,292
Total	$	5,428,388	$	6,205,292

Predecessor Company

Summary of corporate loans

Schedule of changes in the allowance for loan losses

The following table summarizes the changes in the allowance for loan losses for the Company’s corporate loan portfolio (amounts in thousands):

	For the one month ended April 30, 2014		For the four months ended April 30, 2014
Allowance for loan losses:
Beginning balance	$	223,541	224,999
Provision for loan losses	—		—
Charge-offs	—		(1,458		)
Ending balance	$	223,541	$	223,541

Schedule of loans by class modified as troubled debt restructurings

he following table presents the aggregate balance of loans whose terms had been modified in a TDR (dollar amounts in thousands):

	One month ended April 30, 2014					Four months ended April 30, 2014
	Number of TDRs	Pre-modification outstanding  recorded investment(1)		Post-modification outstanding  recorded investment(1)		Number of TDRs	Pre-modification outstanding  recorded investment(1)		Post-modification outstanding  recorded investment(1)(2)
Troubled debt restructurings:
Loans held for investment	—	—		—		1	$	154,075	$	—
Loans at estimated fair value	—	—		—		2	41,347		24,571
Total		$	—	$	—		$	195,422	$	24,571

(1) Recorded investment is defined as amortized cost plus accrued interest.

(2) Excludes equity securities received from the loans held for investment and/or loans at estimated fair value TDRs with an estimated fair value of $92.0 million and $12.3 million, from the two issuers, respectively.