Blackstone / GSO Senior Floating Rate Term Fund

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-22393

Blackstone / GSO Senior Floating Rate Term Fund

(exact name of Registrant as specified in charter)

345 Park Avenue, 31st Floor

New York, New York 10154

(Address of principal executive offices) (Zip code)

(Name and address of agent for service)

Marisa Beeney

345 Park Avenue, 31st Floor

New York, New York 10154

Registrant’s telephone number, including area code: (800) 831-5776

Date of fiscal year end: December 31

Date of reporting period: March 31, 2014

Item 1. Schedule of Investments.

Blackstone / GSO Senior Floating Rate Term Fund

Portfolio of Investments

 

March 31, 2014 (Unaudited)

 

     Principal
Amount		      Market Value  

FLOATING RATE LOAN INTERESTS(a) - 139.63%

      

Aerospace and Defense - 3.70%

      

Cadence Aerospace LLC, Senior Secured First Lien Term Loan, 6.500%, 05/09/2018

      $444,349         $445,740   

DAE Aviation Holdings, Inc., Senior Secured First Lien Tranche B-1 Term Loan, 5.000%, 11/02/2018

      1,072,147         1,090,245   

DAE Aviation Holdings, Inc., Senior Secured First Lien Tranche B-2 Term Loan, 5.000%, 11/02/2018

      486,040         494,244   

Landmark Aviation (LM U.S. Member LLC), Senior Secured First Lien Canadian Term Loan, 4.750%, 10/25/2019

      156,026         156,936   

Landmark Aviation (LM U.S. Member LLC), Senior Secured First Lien Initial Term Loan, 4.750%, 10/25/2019

      2,312,742         2,326,225   

Landmark Aviation (LM U.S. Member LLC), Senior Secured Second Lien Initial Term Loan, 9.500%, 10/26/2020

      1,021,739         1,039,620   

Paradigm Precision Group, Senior Secured First Lien Term Loan, 5.500%, 12/02/2020

      1,870,313         1,893,691   

Sequa Corp., Senior Secured First Lien Term Loan, 5.250%, 06/19/2017

      3,420,226         3,359,654   
     

 

 

  
        10,806,355   
     

 

 

  

Automotive - 2.48%

      

Affinia Group, Inc., Senior Secured Tranche B-2 First Lien Term Loan, 4.750%, 04/27/2020

      2,370,972         2,377,884   

Mitchell International, Inc., Senior Secured First Lien Initial Term Loan, 4.500%, 10/12/2020

      3,990,000         4,007,955   

TI Group Automotive Systems LLC, Senior Secured First Lien Additional Term Loan, 5.500%, 03/28/2019

      856,731         861,014   
     

 

 

  
        7,246,853   
     

 

 

  

Banking, Finance and Real Estate - 5.29%

      

Alliant Holdings I, Inc., Senior Secured First Lien Term Loan, 4.250%, 12/20/2019

      2,875,006         2,895,361   

AmWins Group LLC, Senior Secured First Lien Term B Loan, 5.000%, 09/06/2019

      2,687,434         2,710,116   

AssuredPartners Capital, Inc., Senior Secured First Lien Term Loan, L+3.50%, 03/31/2021(b)

      1,573,770         1,575,738   

Asurion LLC, Senior Secured Second Lien Term Loan, 8.500%, 02/19/2021

      425,532         440,691   

Asurion LLC, Senior Secured Tranche B-1 First Lien Incremental Term Loan, 5.000%, 05/24/2019

      2,188,634         2,197,126   

Cunningham Lindsey Corp., Senior Secured First Lien Term Loan, 5.000%, 12/10/2019

      2,962,500         2,971,136   

HUB International Ltd., Senior Secured First Lien Initial Term Loan, 4.750%, 10/02/2020

      1,404,706         1,408,955   

Opal Acquisition, Inc. (aka One Call Medical, Inc.), Senior Secured First Lien Term B Loan, 5.000%, 11/27/2020

      1,231,481         1,237,639   
     

 

 

  
        15,436,762   
     

 

 

  

Beverage, Food and Tobacco - 5.42%

      

Brasa Holdings, Inc., Senior Secured First Lien Term B Loan, 5.750%, 07/19/2019

      2,134,167         2,146,619   

CEC Entertainment, Inc., Senior Secured First Lien Term B Loan, 4.250%, 02/15/2021

      2,739,130         2,724,860   

Dole Food Co., Inc., Senior Secured First Lien Tranche B Term Loan, 4.500%, 11/01/2018

      1,754,764         1,765,258   

Supervalu, Inc., Senior Secured First Lien Term Loan, 4.500%, 03/21/2019

      2,922,308         2,930,622   

U.S. Foods, Inc., Senior Secured First Lien Term Loan, 4.500%, 03/31/2019

      6,202,066         6,240,053   
     

 

 

  
        15,807,412   
     

 

 

  

Capital Equipment - 3.26%

      

BakerCorp International, Inc., Senior Secured First Lien Replacement Term Loan, 4.250%, 02/07/2020

      2,472,559         2,466,378   

Sensus U.S.A., Inc. (fka Sensus Metering Systems), Senior Secured First Lien Term Loan, 4.750%, 05/09/2017

      887,092         889,869   

Sensus U.S.A., Inc. (fka Sensus Metering Systems), Senior Secured Second Lien Term Loan, 8.500%, 05/09/2018

      4,714,286         4,747,663   

SunSource Holdings, Senior Secured First Lien Term Loan, 4.750%, 02/12/2021

      1,395,349         1,411,046   
     

 

 

  
        9,514,956   
     

 

 

  

Chemicals, Plastics and Rubber - 4.34%

      

American Pacific Corp., Senior Secured First Lien Initial Term Loan, L+6.00%, 02/27/2019(b)

      1,000,000         1,015,000   

     Principal
Amount		      Market Value  

Chemicals, Plastics and Rubber (continued)

      

Nexeo Solutions LLC (aka Ashland Distribution), Senior Secured First Lien Initial Term Loan, 5.000%, 09/08/2017

      $3,233,333         $3,243,438   

Pinnacle Operating Corp., Senior Secured First Lien Term B Loan, 4.750%, 11/15/2018

      3,051,101         3,062,542   

PQ Corp., Senior Secured First Lien Term Loan, 4.500%, 08/07/2017

      1,975,000         1,982,100   

U.S. Coatings Acquisition, Inc., Senior Secured First Lien Term Loan, 4.000%, 02/03/2020

      2,498,601         2,503,986   

WTG Holdings III Corp., Senior Secured First Lien Term Loan, 4.750%, 01/15/2019

      848,936         853,448   
     

 

 

  
        12,660,514   
     

 

 

  

Construction and Building - 3.43%

      

PlyGem Industries, Inc., Senior Secured First Lien Term Loan, 4.000%, 02/01/2021

      806,452         808,807   

Quikrete Holdings, Inc., Senior Secured First Lien Inital Term Loan, 4.000%, 09/28/2020

      3,163,031         3,173,896   

Rexnord LLC, Senior Secured First Lien Term B Loan, 4.000%, 08/21/2020

      2,985,000         2,991,821   

Road Infrastructure Investment LLC, Senior Secured First Lien Term Loan, L+3.25%, 03/19/2021(b)

      870,968         871,516   

SRS Distribution, Inc., Senior Secured First Lien Term Loan, 4.750%, 09/02/2019

      2,141,711         2,148,403   
     

 

 

  
        9,994,443   
     

 

 

  

Consumer Goods Durable - 4.19%

      

AOT Bedding Super Holdings LLC (aka National Bedding/Serta), Senior Secured First Lien Term B Loan, 4.250%, 10/01/2019

      2,624,479         2,638,336   

Apex Tool Group LLC, Senior Secured First Lien Term Loan, 4.500%, 01/31/2020

      1,057,282         1,050,145   

Capital Safety North America Holdings, Inc., Senior Secured First Lien Initial Term Loan, L+3.00%, 03/26/2021(b)

      5,436,578         5,436,578   

Fender Musical Instruments Corp., Senior Secured First Lien Initial Term Loan, 5.750%, 04/03/2019

      425,000         428,188   

MModal, Inc., Senior Secured First Lien Term B Loan, 7.750%, 08/15/2019

      3,339,879         2,654,286   
     

 

 

  
        12,207,533   
     

 

 

  

Consumer Goods Non Durable - 3.75%

      

Acosta Sales and Marketing Co., Senior Secured First Lien Term B Loan, L+3.25%, 03/01/2018(b)

      1,090,909         1,097,045   

Armored AutoGroup, Inc. (fka Viking Acquisition, Inc. (aka Global Autocare)), Senior Secured First Lien Term B Loan, 6.000%, 11/05/2016

      1,671,504         1,685,353   

Inmar, Inc., Senior Secured First Lien Initial Term Loan, 4.250%, 01/27/2021

      4,454,545         4,429,489   

Revlon Consumer Products Corp., Senior Secured First Lien Acquisition Term Loan, 4.000%, 10/08/2019

      997,500         1,000,408   

Totes Isotoner Corp., Senior Secured First Lien Delayed Draw Term Loan, 7.250%, 07/07/2017

      250,664         252,126   

Totes Isotoner Corp., Senior Secured First Lien Initial Term Loan, 7.250%, 07/07/2017

      2,452,756         2,467,067   
     

 

 

  
        10,931,488   
     

 

 

  

Containers, Packaging and Glass - 4.54%

      

Berlin Packaging LLC, Senior Secured First Lien Term Loan, 4.750%, 04/02/2019

      1,765,323         1,780,036   

Exopack LLC, Senior Secured First Lien Term Loan, 5.250%, 05/08/2019

      748,125         758,176   

Multi Packaging Solutions, Inc., Senior Secured First Lien Rollover Dollar Term Loan, L+3.25%, 09/30/2020(b)

      2,564,286         2,577,107   

Polarpak, Inc., Senior Secured First Lien Canadian Borrower Term Loan, L+3.25%, 06/08/2020(b)

      2,384,975         2,393,918   

Ranpak Corp., Senior Secured First Lien Term Loan, 4.500%, 04/23/2019

      466,308         470,388   

Ranpak Corp., Senior Secured Second Lien Term Loan, 8.500%, 04/23/2020

      2,000,000         2,047,500   

Reynolds Group Holdings, Inc., Senior Secured First Lien Term Loan, 4.000%, 12/01/2018

      1,511,388         1,518,144   

WNA Holdings, Inc., Senior Secured First LienTerm Loan, L+3.25%, 06/08/2020(b)

      1,694,183         1,700,537   
     

 

 

  
        13,245,806   
     

 

 

  

Energy Electricity - 1.76%

      

La Frontera Generation LLC, Senior Secured First Lien Term Loan, L+3.50%, 09/30/2020(b)

      3,080,391         3,088,569   

Star West Generation LLC, Senior Secured First Lien Term B Advance Loan, 4.250%, 03/13/2020

      2,032,011         2,035,821   
     

 

 

  
        5,124,390   
     

 

 

  

Energy, Oil and Gas - 7.52%

      

BBTS Borrower LP, Senior Secured First Lien Term Loan, 7.750%, 06/04/2019

      3,248,604         3,286,174   

     Principal
Amount		      Market Value  

Energy, Oil and Gas (continued)

      

CITGO Petroleum Corp., Senior Secured First Lien Term B Loan, 8.000%, 06/24/2015

      $358,517         $361,802   

CITGO Petroleum Corp., Senior Secured First Lien Term C Loan, 9.000%, 06/26/2017

      1,259,494         1,279,432   

Crestwood Holdings LLC, Senior Secured First Lien Term Loan, 7.000%, 06/19/2019

      2,643,441         2,694,670   

Sheridan Production Partners LP, Senior Secured Tranche B-2 First Lien Term Loan:

      

4.250%, 10/01/2019

      415,801         418,745   

4.250%, 10/01/2019

      680,741         685,561   

4.250%, 10/01/2019

      5,137,353         5,173,725   

Tallgrass Energy Partners LP, Senior Secured First Lien Term Loan, 4.250%, 11/13/2018

      1,761,935         1,779,237   

Teine Energy Ltd., Senior Secured First Lien Term Loan, 7.500%, 05/17/2019

      2,722,500         2,763,338   

Templar Energy LLC, Senior Secured Second Lien Term Loan, 8.000%, 11/25/2020

      1,000,000         1,011,880   

Utex Industries, Inc., Senior Secured First Lien Term Loan, 4.500%, 04/10/2020

      804,730         808,753   

W3 Co., Senior Secured First Lien Term Loan, 5.750%, 03/13/2020

      1,654,099         1,662,370   
     

 

 

  
        21,925,687   
     

 

 

  

Environmental Industries - 2.23%

      

ADS Waste Holdings, Inc., Senior Secured First Lien Tranche B-2 Term Loan, 3.750%, 10/09/2019

      2,529,557         2,528,671   

PSC Industrial Outsourcing LP, Senior Secured First Lien Term Loan, 7.250%, 07/29/2016

      3,965,494         3,987,800   
     

 

 

  
        6,516,471   
     

 

 

  

Forest Products and Paper - 0.47%

      

WS Packaging Group, Inc., Senior Secured First Lien Term Loan, 5.000%, 08/09/2019

      1,368,125         1,368,980   
     

 

 

  

Healthcare and Pharmaceuticals - 16.15%

      

Accellent, Inc., Senior Secured First Lien Term Loan, L+3.50%, 02/19/2021(b)

      2,439,024         2,440,037   

Alvogen Pharmaceuticals U.S., Senior Secured First Lien Term Loan, 7.000%, 05/23/2018

      2,934,361         2,963,705   

BSN Medical, Inc., Senior Secured First Lien Term B1 Loan, 4.000%, 08/28/2019

      4,684,756         4,715,207   

CHG Buyer Corp., Senior Secured First Lien Term Loan, 4.500%, 11/19/2019

      738,036         740,575   

Convatec, Inc. (aka Cidron Healthcare, Ltd.), Senior Secured First Lien Dollar Term Loan, 4.000%, 12/22/2016

      1,657,210         1,663,425   

Drumm Investors LLC (aka Golden Living), Senior Secured First Lien Term Loan, 5.000%, 05/04/2018

      2,852,870         2,827,908   

Ikaria Acquisition, Inc., Senior Secured First Lien Term Loan, 5.000%, 02/12/2021

      3,130,435         3,156,417   

Medpace, Inc., Senior Secured First Lien Term Loan, L+4.00%, 05/31/2021(b)

      1,175,676         1,181,554   

National Mentor Holdings, Inc., Senior Secured First Lien Initial Tranche Term B Loan, 4.750%, 01/31/2021

      1,088,083         1,096,755   

Onex Carestream Finance LP, Senior Secured First Lien Term Loan, 5.000%, 06/07/2019

      4,116,992         4,167,157   

Par Pharmaceutical Companies, Inc., Senior Secured First Lien Term B-2 Loan, 4.000%, 09/30/2019

      1,402,326         1,406,217   

Pharmaceutical Product Development, Inc. (Jaguar AKA PPDI), Senior Secured First Lien Term B Loan, 4.000%, 12/05/2018

      2,170,908         2,180,221   

PRA Holdings, Inc., Senior Secured First Lien Initial Term Loan, L+3.50%, 09/23/2020(b)

      3,757,746         3,751,470   

Progressive Solutions LLC, Senior Secured First Lien Initial Term Loan, 5.500%, 10/22/2020

      1,395,918         1,407,700   

Sheridan Holdings, Inc., Senior Secured First Lien Initial Term Loan, 4.500%, 06/29/2018

      2,307,701         2,323,809   

Smile Brands Group, Inc., Senior Secured First Lien Term B Loan, 7.500%, 08/16/2019

      4,813,143         4,836,005   

Surgery Center Holdings, Inc., Senior Secured First Lien Term Loan, 6.000%, 04/11/2019

      1,902,353         1,909,487   

Surgical Care Affiliates LLC, Senior Secured First Lien Class C Incremental Term Loan, 4.000%, 06/29/2018

      1,985,000         1,989,963   

Valeant Pharmaceuticals International, Inc., Senior Secured First Lien Series E Tranche B Term Loan, 3.750%, 08/05/2020

      2,355,859         2,366,166   
     

 

 

  
        47,123,778   
     

 

 

  

High Tech Industries - 16.68%

      

Applied Systems, Inc., Senior Secured First Lien Initial Term Loan, 4.250%, 01/25/2021

      1,246,875         1,253,371   

Ascend Learning LLC, Senior Secured First Lien Term Loan, 6.000%, 07/31/2019

      358,383         363,759   

Aspect Software, Inc., Senior Secured Tranche B First Lien Term Loan, 7.000%, 05/09/2016

      2,574,027         2,612,638   

Blackboard, Inc., Senior Secured First Lien Term B-3 Loan, 4.750%, 10/04/2018

      2,962,631         2,990,776   

Blue Coat Systems, Inc., Senior Secured First Lien Term Loan, 4.000%, 05/31/2019

      3,471,306         3,487,587   

Dell International LLC, Senior Secured First Lien Term B Loan, 4.500%, 04/29/2020

      2,493,750         2,481,019   

Flexera Software, Inc., Senior Secured First Lien Term Loan, L+3.50%, 04/02/2020(b)

      2,000,000         2,010,000   

Freescale Semiconductor, Inc., Senior Secured First Lien Tranche B-4 Term Loan, 4.250%, 02/28/2020

      993,030         999,311   

    

Principal

Amount

     

Market Value

  

High Tech Industries (continued)

      

Hyland Software, Inc., Senior Secured First Lien Initial Term Loan, 4.750%, 02/19/2021

      $1,947,541         $1,969,042   

Ion Trading Technologies S.A.R.L., Senior Secured First Lien Tranche B-1 Term Loan, 4.500%, 05/22/2020

      2,414,497         2,424,311   

Kronos, Inc. (aka Seahawk Acquisition Corp.), Senior Secured First Lien Incremental Term Loan, 4.500%, 10/30/2019

      4,401,851         4,443,119   

Ship Luxco 3 S.A.R.L. (aka RBS WorldPay), Senior Secured Facility B2A First Lien Term Loan, 5.250%, 11/29/2019

      1,522,144         1,537,366   

Sophia, L.P., Senior Secured First Lien Term B Loan, 4.500%, 07/19/2018

      2,963,091         2,969,269   

Technicolor S.A., Senior Secured First Lien Term A2 Facility Loan, 6.750%, 05/26/2016

      560,806         570,152   

Technicolor S.A., Senior Secured First Lien Term B2 Facility Loan, 7.750%, 05/26/2017

      1,795,985         1,825,915   

Technicolor S.A., Senior Secured First Lien Term Loan, 7.250%, 07/10/2020

      3,364,706         3,422,899   

The Petroleum Place, Inc., Senior Secured First Lien Term Loan, 5.000%, 10/30/2020

      2,850,000         2,878,500   

Vertafore, Inc., Senior Secured First Lien Term Loan, 4.250%, 10/03/2019

      3,817,926         3,834,629   

Vertafore, Inc., Senior Secured Second Lien Term Loan, 9.750%, 10/27/2017

      3,000,000         3,056,250   

Wall Street Systems Holdings, Inc., Senior Secured First Lien Term Loan, 5.750%, 10/25/2019

      3,526,786         3,540,011   
     

 

 

  
        48,669,924   
     

 

 

  

Hotels, Gaming and Leisure - 6.75%

      

Alpha Topco Ltd. (Formula One), Senior Secured First Lien New Facility Term B Loan, 4.500%, 04/30/2019

      3,818,807         3,850,140   

Caesars Entertainment Operating Co. (fka Harrah’s/Corner Investment), Senior Secured First Lien Term B Loan, 7.000%, 10/11/2020

      4,129,186         4,189,266   

Caesars Entertainment Operating Co. (fka Harrah’s/Corner Investment), Senior Secured First Lien Term B-5 Loan, 4.489%, 01/28/2018

      1,918,696         1,787,985   

Centaur LLC, Senior Secured First Lien Term Loan, 5.250%, 02/20/2019

      2,573,362         2,587,040   

Corner Investment Propco LLC, Senior Secured First Lien Term B Loan, 11.000%, 11/04/2019

      2,000,000         2,060,000   

Mood Media Corp., Senior Secured First Lien Term Loan, 7.000%, 05/07/2018

      3,289,446         3,327,489   

Stadium Management Corp., Senior Secured First Lien Term Loan, L+3.50%, 02/25/2020(b)

      1,882,095         1,889,152   
     

 

 

  
        19,691,072   
     

 

 

  

Media Advertising, Printing and Publishing - 2.43%

      

InfoGroup, Inc., Senior Secured First Lien Term B Loan, 8.000%, 05/28/2018

      237,657         207,534   

Penton Media, Inc., Senior Secured First Lien Term B Loan, 5.500%, 10/03/2019

      2,388,000         2,415,462   

Ship Luxco 3 S.A.R.L. (aka RBS Worldpay), Senior Secured First Lien Term B Loan, 9.500%, 03/23/2017

      2,938,121         1,498,441   

Southern Graphics, Inc., Senior Secured First Lien Term Loan, 4.250%, 10/17/2019

      2,967,708         2,971,418   
     

 

 

  
        7,092,855   
     

 

 

  

Media Broadcasting and Subscription - 2.46%

      

Entercom Radio LLC, Senior Secured First Lien Term B-2 Loan, 4.000%, 11/23/2018

      1,263,454         1,272,140   

Hubbard Radio LLC, Senior Secured First Lien Tranche 1 Term Loan, 4.500%, 04/29/2019

      2,679,466         2,694,538   

RCN Corp., Senior Secured First Lien Term B Loan, 4.500%, 03/01/2020

      1,823,015         1,839,650   

Univision Communications, Inc., Senior Secured First Lien Incremental Loan, 4.000%, 03/01/2020

      1,359,632         1,359,517   
     

 

 

  
        7,165,845   
     

 

 

  

Media Diversified and Production - 0.29%

      

Lion’s Gate Entertainment Corp., Senior Secured Second Lien Term Loan, 5.000%, 07/20/2020

      833,333         852,083   
     

 

 

  

Metals and Mining - 0.81%

      

McJunkin Red Man Corp., Senior Secured First Lien Term Loan, 4.750%, 11/09/2019

      2,312,703         2,346,191   
     

 

 

  

Retail - 10.85%

      

Academy Ltd., Senior Secured First Lien Initial Term Loan, 4.500%, 08/03/2018

      2,929,144         2,943,804   

Albertson’s LLC, Senior Secured First Lien Term B-2 Loan, 4.750%, 03/21/2019

      1,150,962         1,160,313   

Burlington Coat Factory Warehouse Corp., Senior Secured First Lien Term B-1 Loan, 4.250%, 02/23/2017

      2,100,684         2,114,075   

Container Store, Inc., Senior Secured First Lien Term B3 Loan, 4.250%, 04/08/2019

      2,783,595         2,796,650   

DBP Holdings Corp., Senior Secured First Lien Initial Term Loan, 5.000%, 10/11/2019

      1,288,043         1,289,924   

Hudson’s Bay Co., Senior Secured First Lien Term Loan, 4.750%, 11/04/2020

      2,775,000         2,815,931   

J. Crew Group, Inc., Senior Secured First Lien Initial Term Loan, 4.000%, 03/05/2021

      4,185,978         4,182,838   

    

Principal

Amount

     

Market Value

  

Retail (continued)

      

Neiman Marcus Group Ltd. LLC, Senior Secured First Lien Other Term Loan, 4.250%, 10/26/2020

      $1,769,758         $1,777,678   

Nine West Holdings, Inc., Senior Secured First Lien Initial Term Loan, L+3.75%, 09/05/2019(b)

      1,200,000         1,207,500   

Party City Holdings, Inc., Senior Secured First Lien Term Loan, 4.000%, 07/22/2019

      1,052,918         1,055,077   

Payless, Inc. (fka Collective Brands Finance, Inc.), Senior Secured First Lien Initial Term Loan, 5.000%, 03/11/2021

      2,009,502         2,014,526   

Smart & Final Stores LLC, Senior Secured First Lien Term Loan, 4.750%, 11/15/2019

      3,433,138         3,442,803   

Sports Authority, Inc. (aka TSA), Senior Secured First Lien Term B Loan, 7.500%, 11/16/2017

      4,837,500         4,849,594   
     

 

 

  
        31,650,713   
     

 

 

  

Services - Business - 13.64%

      

4L Holdings Corp. (aka Clover Technology), Senior Secured First Lien Term Loan, 6.750%, 05/07/2018

      373,493         374,271   

Advantage Sales & Marketing, Inc., Senior Secured Second Lien Term Loan, 8.250%, 06/18/2018

      4,714,286         4,804,164   

AlixPartners LLP, Senior Secured First Lien Replacement Term B-2 Loan, 4.000%, 07/10/2020

      2,932,949         2,943,493   

BarBri, Inc., Senior Secured First Lien Term Loan, 5.250%, 07/17/2019

      3,049,375         3,060,825   

Crossmark Holdings, Inc., Senior Secured First Lien Term Loan, 4.500%, 12/20/2019

      2,260,052         2,254,402   

Epicor Software Corp., Senior Secured First Lien Term B-2 Loan, 4.000%, 05/16/2018

      1,931,577         1,939,787   

Garda World Security Corp., Senior Secured First Lien Delayed Draw Term B Loan, 4.000%, 11/06/2020

      176,399         177,060   

Garda World Security Corp., Senior Secured First Lien Term B Loan, 4.000%, 11/06/2020

      689,559         692,144   

Information Resources, Inc., Senior Secured First Lien Term Loan, 4.750%, 09/30/2020

      498,857         502,185   

MoneyGram Payment Systems Worldwide, Inc., Senior Secured First Lien Term B Loan, L+3.25%, 03/27/2020(b)

      2,089,803         2,097,639   

MPH Acquisition Holdings LLC, Senior Secured First Lien Initial Term Loan, L+3.00%, 03/19/2021

      3,383,459         3,379,229   

PGA Holdings, Inc. (aka Press Ganey), Senior Secured First Lien Term Loan, 4.250%, 04/20/2018

      2,481,327         2,489,578   

Scitor Corp., Senior Secured First Lien Term Loan, 5.000%, 02/15/2017

      584,089         579,709   

Sedgwick Claims Management Services, Inc., Senior Secured Second Lien Initial Term Loan, 6.750%, 02/11/2022

      1,818,182         1,813,073   

StoneRiver Group LP, Senior Secured First Lien Initial Term Loan, 4.500%, 11/29/2019

      801,695         804,200   

SurveyMonkey.com LLC, Senior Secured First Lien Term Loan, 5.500%, 02/07/2019

      2,430,000         2,442,150   

Trans Union LLC, Senior Secured First Lien Replacement Term Loan, L+3.00%, 03/19/2021(b)

      2,289,157         2,296,310   

Transaction Network Services, Senior Secured First Lien Term Loan, 5.000%, 02/14/2020

      1,997,863         2,011,599   

Truven Health Analytics, Inc., Senior Secured New Tranche B First Lien Term Loan, 4.500%, 06/06/2019

      3,580,342         3,557,965   

ValleyCrest Companies LLC, Senior Secured First Lien Initial Term Loan, 5.500%, 06/13/2019

      1,567,105         1,582,776   
     

 

 

  
        39,802,559   
     

 

 

  

Services - Consumer - 2.32%

      

California Pizza Kitchen, Inc., Senior Secured First Lien Term Loan 5.250%, 03/29/2018

      2,458,169         2,347,551   

Knowledge Universe Education LLC, Senior Secured First Lien Term Loan, L+4.25%, 03/18/2021(b)

      888,060         895,835   

Monitronics International, Inc., Senior Secured First Lien Term B Loan, 4.250%, 03/23/2018

      1,422,697         1,425,813   

Spin Holdco, Inc. (aka Coinmach Corp.), Senior Secured First Lien Initial Term Loan, 4.250%, 11/14/2019

      2,101,105         2,103,994   
     

 

 

  
        6,773,193   
     

 

 

  

Telecommunications - 7.80%

      

Avaya, Inc., Senior Secured B-3 Extended First Lien Term B-3 Loan, L+4.50%, 10/26/2017(b)

      5,359,682         5,242,707   

Fairpoint Communications, Inc., Senior Secured First Lien Term Loan, 7.500%, 02/14/2019

      2,970,000         3,068,916   

Fibertech Networks LLC (aka Firefox), Senior Secured First Lien Term Loan, 4.500%, 12/18/2019

      3,055,147         3,060,890   

Securus Technologies Holdings, Inc., Senior Secured First Lien Initial Term Loan, 4.750%, 04/30/2020

      1,912,787         1,913,380   

Syniverse Holdings, Inc., (Buccaneer Merger Sub., Inc.), Senior Secured First Lien Term Loan, 4.000%, 04/23/2019

      2,879,479         2,883,668   

Wide Open West Finance LLC, Senior Secured First Lien Term B Loan, 4.750%, 04/01/2019

      3,704,384         3,715,386   

    

Principal

Amount

     

Market Value

  

Telecommunications (continued)

      

Zayo Group LLC (Zayo Capital, Inc.), Senior Secured First Lien Term Loan, 4.000%, 07/02/2019

      $2,866,557         $2,872,648   
     

 

 

  
        22,757,595   
     

 

 

  

Transportation Consumer - 2.45%

      

Lineage Logistics LLC, Senior Secured First Lien Term Loan, L+3.50%, 04/07/2021(b)

      3,846,154         3,846,154   

Sabre, Inc., Senior Secured First Lien Incremental Term Loan, 4.500%, 02/19/2019

      1,334,205         1,336,706   

Sabre, Inc., Senior Secured First Lien Term B Loan, 4.250%, 02/19/2019

      1,024,305         1,025,693   

US Airways, Inc., Senior Secured First Lien Term B1 Loan, 3.500%, 05/22/2019

      944,882         945,326   
     

 

 

  
        7,153,879   
     

 

 

  

Utilities Electric - 3.54%

      

Atlantic Power Co., Senior Secured First Lien Term Loan, L+3.75%, 02/19/2021(b)

      717,052         720,193   

Empire Generating Co. LLC, Senior Secured First Lien Term B Loan, L+4.25%, 03/12/2021(b)

      917,472         920,344   

Empire Generating Co. LLC, Senior Secured First Lien Term C Loan, L+4.25%, 03/12/2021(b)

      64,010         64,210   

Moxie Liberty LLC, Senior Secured First Lien Term B-1 Loan, 7.500%, 08/21/2020

      1,470,588         1,511,029   

Moxie Patriot LLC, Senior Secured First Lien Term B-1 Loan, 6.750%, 12/18/2020

      1,481,481         1,514,815   

Panda Temple Power LLC, Senior Secured First Lien Term Loan, 7.250%, 04/03/2019

      927,273         953,932   

Sandy Creek Energy Associates LP, Senior Secured First Lien Term Loan, L+4.00%, 11/09/2020(b)

      4,634,489         4,643,178   
     

 

 

  
        10,327,701   
     

 

 

  

Wholesale - 1.08%

      

Envision Pharmaceutical Services, Inc., Senior Secured First Lien Term Loan, 5.750%, 11/04/2020

      3,140,600         3,154,340   
     

 

 

  

TOTAL FLOATING RATE LOAN INTERESTS

(Cost $405,386,526)

         407,349,378   
     

 

 

  

CORPORATE BONDS - 7.42%

      

Beverage, Food and Tobacco - 0.48%

      

Del Monte Foods Co., Senior Unsecured Bond, 7.625%, 01/15/2019

      1,352,000         1,410,305   
     

 

 

  

Containers, Packaging and Glass - 0.54%

      

Exopack Holdings SA, Senior Secured Bond, 7.875%, 11/01/2019(c)

      500,000         532,500   

Reynolds Group Holdings, Inc., Senior Unsecured Bond 5.750%, 10/15/2020

      1,000,000         1,052,500   
     

 

 

  
        1,585,000   
     

 

 

  

Energy, Oil and Gas - 1.10%

      

CrownRock LP / CrownRock Finance, Inc., Senior Unsecured Bond, 7.125%, 04/15/2020(c)

      3,000,000         3,195,000   
     

 

 

  

Healthcare and Pharmaceuticals - 0.14%

      

Aurora Diagnostics Holdings LLC, Senior Unsecured Bond, 10.750%, 01/15/2018

      500,000         405,000   
     

 

 

  

High Tech Industries - 1.51%

      

Allen Systems Group, Inc., Senior Secured Bond, 10.500%, 11/15/2016(c)

      3,983,000         2,230,480   

Viasystems, Inc., Senior Unsecured Bond, 7.875%, 05/01/2019(c)

      2,000,000         2,165,000   
     

 

 

  
        4,395,480   
     

 

 

  

Hotels, Gaming and Leisure - 0.80%

      

Carlson Wagonlit BV, Senior Unsecured Bond, 6.875%, 06/15/2019(c)

      1,000,000         1,072,500   

Six Flags Theme Parks, Inc., Senior Unsecured Bond, 5.250%, 01/15/2021(c)

      1,250,000         1,262,500   
     

 

 

  
        2,335,000   
     

 

 

  

Media Broadcasting and Subscription - 0.51%

      

Entercom Radio LLC, Senior Unsecured Bond, 10.500%, 12/01/2019

      1,300,000         1,501,500   
     

 

 

  

Media Diversified and Production - 0.09%

      

Live Nation Entertainment, Inc., Senior Secured Bond, 7.000%, 09/01/2020(c)

      250,000         274,688   
     

 

 

  

    

Principal

Amount

     

Market Value

  

Retail - 0.36%

      

Chinos Acquisition Corp. (aka J. Crew Group, Inc.), Senior Unsecured Bond, 8.125%, 03/01/2019

      $1,000,000         $1,043,130   
     

 

 

  

Services - Consumer - 0.37%

      

Monitronics International, Inc., Senior Unsecured Bond, 9.125%, 04/01/2020

      1,000,000         1,075,000   
     

 

 

  

Telecommunications - 1.52%

      

Cincinnati Bell, Inc. (aka Broadwing, Inc.), Senior Unsecured Bond, 8.375%, 10/15/2020

      2,043,000         2,247,300   

Intelsat Jackson Holdings SA, Senior Unsecured Bond, 7.250%, 10/15/2020

      2,000,000         2,177,500   
     

 

 

  
        4,424,800   
     

 

 

  

TOTAL CORPORATE BONDS

(Cost $22,244,876)

         21,644,903   
     

 

 

  

Total Investments - 147.05%

(Cost $427,631,402)

         428,994,281  

Assets in Excess of Other Liabilities - 2.35%

  

      6,849,683   
     

 

 

  

Term Preferred Shares - (16.49)%*

(plus distributions payable on term preferred shares)

         (48,105,954 ) 
     

 

 

  

Senior Secured Notes - (32.91)%

  

      (96,000,000 ) 
     

 

 

  

Net Assets - 100.00%

         $291,738,010   
     

 

 

  

Amounts above are shown as a percentage of net assets as of March 31, 2014.

 

* Series A Floating Rate Cumulative Term Preferred Shares, “Term Preferred Shares”.
(a)  The interest rate shown represents the rate at period end.
(b)  All or a portion of this position has not settled as of March 31, 2014. The interest rate shown represents the stated spread over the London Interbank Offered Rate (“LIBOR” or “L”) or the applicable LIBOR floor; the Fund will not accrue interest until the settlement date, at which point LIBOR will be established.
(c)  Security exempt from registration under Rule 144A of the Securities Act of 1933. Total market value of Rule 144A securities amounts to $10,732,668, which represents approximately 3.68% of net assets as of March 31, 2014.

See Notes to Quarterly Portfolio of Investments.

Blackstone / GSO Senior Floating Rate Term Fund

Notes to Quarterly Portfolio of Investments

March 31, 2014 (Unaudited)

NOTE 1. ORGANIZATION

Blackstone / GSO Senior Floating Rate Term Fund (the “Fund” or “BSL”) is a non-diversified, closed-end management investment company. BSL was organized as a Delaware statutory trust on March 4, 2010. BSL was registered under the Investment Company Act of 1940, as amended (the “1940 Act”), on March 5, 2010. BSL commenced operations on May 26, 2010. Prior to that date, BSL had no operations other than matters relating to its organization and the sale and issuance of 5,236 common shares of beneficial interest in the Fund to GSO / Blackstone Debt Funds Management LLC (the “Adviser”) at a price of $19.10 per share. The Adviser serves as BSL’s investment adviser. BSL’s common shares are listed on the New York Stock Exchange (the “Exchange”) and trade under the ticker symbol “BSL.”

Absent shareholder approval to extend the term of BSL, the Fund will dissolve on or about May 31, 2020. Upon dissolution, BSL will distribute substantially all of its net assets to shareholders, after making appropriate provision for any liabilities. Pursuant to BSL’s Amended and Restated Agreement and Declaration of Trust (the “Declaration of Trust”), prior to the date of dissolution a majority of the Board of Trustees, with the approval of a majority of the shareholders entitled to vote (as defined in the 1940 Act) may extend the life of the Fund. If approved, the dissolution date of the Fund may be extended by a period of two years or such shorter time as may be determined. However, the dissolution date of the Fund may be extended an unlimited number of times.

BSL’s primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. Under normal market conditions, at least 80% of the BSL’s assets will be invested in senior secured, floating rate loans (“Senior Loans” together with second lien secured loans and unsecured loans, “Loans”).

BSL is classified as “non-diversified” under the 1940 Act. As a result, BSL can invest a greater portion of its assets in obligations of a single issuer than a “diversified” fund. BSL may therefore be more susceptible than a diversified fund to being adversely affected by any single corporate, economic, political, or regulatory occurrence.

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements. The preparation of its financial statements is in accordance with accounting principles generally accepted in the United States of America (“GAAP”), which requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates and these differences could be material.

Portfolio Valuation: BSL’s net asset value (“NAV”) is determined daily on each day that the Exchange is open for business, as of the close of the regular trading session on the Exchange. The Fund calculates NAV per share by subtracting liabilities (including accrued expenses or dividends) from the total assets (the value of the securities plus cash or other assets, including interest accrued but not yet received) and dividing the result by the total number of outstanding common shares of the Fund.

Loans are primarily valued by using a composite loan price from a nationally recognized loan pricing service. The methodology used by BSL’s nationally recognized loan pricing provider for composite loan prices is to value loans at the mean of the bid and ask prices from one or more brokers or dealers. Corporate bonds, other than short-term investments, are valued at the price provided by a nationally recognized pricing service. The prices provided by the nationally recognized service are typically based on the mean of bid and ask prices for each corporate bond security. In determining the value of a particular investment, pricing services may use certain information with respect to transactions in such investments, quotations from dealers, pricing matrices, market transactions in comparable investments, various relationships observed in the market between investments and calculated yield measures based on valuation technology commonly employed in the market for such investments. Short-term debt investments, if any, having a remaining maturity of 60 days or less when purchased would be valued at cost adjusted for amortization of premiums and accretion of discounts. Any investments and other assets for which such current market quotations are not readily available are valued at fair value (“Fair Valued Assets”) as determined in good faith by a committee of the Adviser under procedures established by, and under the general supervision and responsibility of, the Fund’s Board of Trustees.

Various inputs are used to determine the value of BSL’s investments. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own

assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

Level 1 — Unadjusted quoted prices in active markets for identical investments at the measurement date.

Level 2 — Significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3 — Significant unobservable inputs (including the Fund’s own assumption in determining the fair value of investments).

The valuation techniques used by the Fund to measure fair value during the period ended March 31, 2014 maximized the use of observable inputs and minimized the use of unobservable inputs. The categorization of a value determined for investments and other financial instruments is based on the pricing transparency of the investment and other financial instruments and does not necessarily correspond to BSL’s perceived risk of investing in those securities.

The following table summarizes the valuation of the BSL’s investments under the fair value hierarchy levels as of

March 31, 2014:

 

Investments in Securities at Value*    Level 1 - Quoted Prices      Level 2 - Significant
Observable Inputs		      Level 3 - Significant
Unobservable Inputs		      Total  

 

  

Floating Rate Loan Interests

            

Aerospace and Defense

    $ –       $ 7,873,044      $ 2,933,311      $ 10,806,355  

Automotive

      –        6,385,839        861,014        7,246,853  

Banking, Finance and Real Estate

      –        13,861,024        1,575,738        15,436,762  

Capital Equipment

      –        5,637,532        3,877,424        9,514,956  

Chemicals, Plastics and Rubber

      –        8,582,972        4,077,542        12,660,514  

Containers, Packaging and Glass

      –        7,103,851        6,141,955        13,245,806  

Energy Electricity

      –        3,088,569        2,035,821        5,124,390  

Energy, Oil and Gas

      –        19,162,349        2,763,338        21,925,687  

Healthcare and Pharmaceuticals

      –        41,069,032        6,054,746        47,123,778  

High Tech Industries

      –        41,168,786        7,501,138        48,669,924  

Media Advertising, Printing and Publishing

      –        2,622,996        4,469,859        7,092,855  

Media Diversified and Production

      –        –        852,083        852,083  

Services - Business

      –        28,260,730        11,541,829        39,802,559  

Transportation Consumer

      –        3,307,725        3,846,154        7,153,879  

Utilities Electric

      –        7,301,857        3,025,844        10,327,701  

Other

      –        150,365,276        –        150,365,276  

Corporate Bonds

      –        21,644,903        –        21,644,903  

 

  

Total

    $  –       $ 367,436,485      $ 61,557,796      $ 428,994,281  

 

  

*Refer to the Fund’s Portfolio of Investments for a listing of securities by type.

The changes of the fair value of investments for which BSL has used Level 3 inputs to determine the fair value are as follows:

 

Investments in Securities    Floating Rate Loan Interests     Total  
  

 

 

  

Balance as of December 31, 2013

    $ 45,333,886      $ 45,333,886   

Accrued discount/ premium

      7,421        7,421   

Realized Gain/(Loss)

      66,387        66,387   

Change in Unrealized Appreciation/(Depreciation)

      (63,739 )      (63,739 ) 

Purchases

      15,875,488        15,875,488   

Sales Proceeds

      (5,005,831 )      (5,005,831 ) 

Transfer into Level 3

      18,822,392        18,822,392   

Transfer out of Level 3

      (13,478,208 )      (13,478,208 ) 
  

 

 

  

Balance as of March 31, 2014

    $ 61,557,796      $ 61,557,796   
  

 

 

  

Net change in unrealized appreciation/(depreciation) attributable to Level 3 investments held at March 31, 2014

    $ 230,928      $ 230,928   

Information about Level 3 fair value measurements as of March 31, 2014:

 

      Fair Value at 3/31/14    Valuation Technique(s)    Unobservable Input(s)

Floating Rate Loan Interests

    $61,557,796    Third-party vendor pricing service    Vendor quotes

The Fund evaluates transfers into or out of Level 1, 2 and 3 as of the end of the reporting period. There were no transfers between Level 1 and 2 during the period. Securities were transferred from Level 2 to Level 3 because of a lack of observable market data due to decrease in market activity and information for these securities. Other securities were moved from Level 3 to Level 2 as observable inputs were available for purposes of valuing those assets.

Securities Transactions and Investment Income: Securities transactions are recorded on trade date for financial reporting purposes. Interest income, including accretion of discount and amortization of premium, is recorded on the accrual basis. Realized gains and losses from securities transactions and foreign currency transactions, if any, are recorded on the basis of identified cost.

NOTE 3. SENIOR FLOATING RATE LOANS

BSL defines “Senior Loans” as first lien senior secured, floating rate loans that are made to U.S. and, to a limited extent, non-U.S. corporations, partnerships and other business entities (“Borrowers”), which operate in various industries and geographical regions. Under normal market conditions, at least 80% of BSL’s Managed Assets (defined below) will be invested in Senior Loans. BSL defines Managed Assets as total assets (Including any assets attributable to any leverage used) minus the sum of BSL’s accrued liabilities (other than liabilities incurred for any leverage). At March 31, 2014, 88.92% of BSL’s Managed Assets were held in Senior Loans.

Senior Loans hold a senior position in the capital structure of a business entity, are secured with specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to that held by unsecured creditors, subordinated debt holders and stockholders of the Borrower.

Loans often require prepayments from Borrowers’ excess cash flows or permit the Borrowers to repay at their election. The degree to which Borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, floating rate loans typically have an expected average life of two to four years. Floating rate loans typically have rates of interest which are re-determined periodically, either daily, monthly, quarterly or semi-annually by reference to a floating base lending rate, primarily London Interbank Offered Rate (LIBOR), plus a premium or credit spread.

Loans are subject to the risk of payment defaults of scheduled interest or principal. Such non-payment could result in a reduction of income, a reduction in the value of the investment and a potential decrease in the net asset value of the Fund. Risk of loss of income is generally higher for unsecured loans or debt, which are not backed by a security interest in any specific collateral. There can be no assurance that the liquidation of any collateral securing a Loan would satisfy the Borrower’s obligation to the Fund in the event of non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated.

Second lien loans generally are subject to similar risks as those associated with investments in first lien loans except that such loans are subordinated in payment and/or lower in lien priority to first lien holders. In the event of default on a second lien loan, the first priority lien holder has first claim to the underlying collateral of the loan. Second lien loans are subject to the additional risk that the cash flow of the Borrower and property securing the loan or debt, if any, may be insufficient to meet scheduled payments after giving effect to the senior unsecured or senior secured obligations of the Borrower. At March 31, 2014, BSL had invested $19,812,924 in second lien secured loans. Second lien secured loans are not considered Senior Loans for BSL.

Loans can be rated below investment grade or may also be unrated. As a result, the risks associated with Loans may be similar to the risks of other below investment grade securities, although they are senior and secured in contrast to other below investment grade securities, which are often subordinated or unsecured. BSL typically invests in Loans rated below investment grade, which are considered speculative because of the credit risk of their issuers. Such companies are more likely than investment grade issuers to default on their payments of interest and principal owed to BSL, and such defaults could reduce net asset value and income distributions. The amount of public information available with respect to below investment grade loans will generally be less extensive than that available for registered or exchange-listed securities. In evaluating the creditworthiness of Borrowers, the Adviser will consider, and may rely in part, on analyses performed by others. The Adviser’s established best execution procedures and guidelines require trades to be placed for execution only with broker-dealer counterparties approved by the Counterparty and Liquidity Sub-Committee of the Adviser. The factors considered by the Counterparty and Liquidity Sub-Committee when selecting and approving brokers and dealers include, but are not limited to: (i) quality, accuracy, and timeliness of execution, (ii) review of the reputation, financial strength and stability of the financial institution, (iii) willingness and ability of the counterparty to commit capital, (iv) ongoing reliability and (v) access to underwritten offerings and secondary markets. The Counterparty and Liquidity Sub-Committee regularly reviews each broker-dealer counterparty based on the foregoing factors.

BSL may acquire Loans through assignments or participations. BSL typically acquires these Loans through assignment, and if BSL acquires a Loan through participation, will seek to elevate a participation interest into an assignment as soon as practicably possible. The purchaser of an assignment typically succeeds to all the rights and obligations of the assigning institution and becomes a lender under the credit agreement with respect to the debt obligation; however, the purchaser’s rights can be more restricted than those of the assigning institution, and BSL may not be able to unilaterally enforce all rights and remedies under the Loan and with regard to any associated collateral. A participation typically results in a contractual relationship only with the institution participating out the interest, not with the Borrower. Sellers of participations typically include banks, broker-dealers, other financial institutions and lending institutions. The Adviser has adopted best execution procedures and guidelines to mitigate credit and counterparty risk in a typical situation when BSL must acquire a Loan through a participation. BSL had no outstanding participations as of March 31, 2014.

NOTE 4. UNREALIZED APPRECIATION/(DEPRECIATION)

On March 31, 2014 based on cost of $427,631,402 for federal income tax purposes, aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost was $5,626,434 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value was $4,263,555, resulting in net unrealized appreciation of $1,362,879.

Item 2. Controls and Procedures.

 

  (a)

The Registrant’s principal executive officer and principal financial officer have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this Report.

 

  (b)

There was no change in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940, as amended) that occurred during the Registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

Separate certifications for the Registrant’s principal executive officer and principal financial officer, as required by Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are attached as Exhibit 99.CERT.

 

-2-

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Blackstone / GSO Senior Floating Rate Term Fund

 

By:

  

/s/ Daniel H. Smith, Jr.

  
  Daniel H. Smith, Jr. (Principal Executive Officer)
  Chairman, Chief Executive Officer and President

Date:

   May 30, 2014  

By:

  

/s/ Eric Rosenberg

  
  Eric Rosenberg (Principal Financial Officer)
  Treasurer and Chief Financial Officer

Date:

   May 30, 2014  

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

 

By:  

/s/ Daniel H. Smith, Jr.

  
  Daniel H. Smith, Jr. (Principal Executive Officer)
  Chairman, Chief Executive Officer and President
Date:   May 30, 2014  
By:  

/s/ Eric Rosenberg

  
  Eric Rosenberg (Principal Financial Officer)
  Treasurer and Chief Financial Officer
Date:   May 30, 2014  

 

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