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We are also excited to have several portfolio companies in the advanced stages of completing strategic acquisitions, which if successful, will provide the opportunity for additional future fair value appreciation in addition to providing us highly attractive incremental debt investments in these high-performing portfolio companies.
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Now their focus is turning to return-enhancing private debt and private equity with new partners in close relationships that will open the door to co-investment and direct participation down the line. In fund investments this is one way to increase ongoing duediligence and governance and be close to our partners.”
What progress have you made on implementing social impact and inclusion into your duediligence processes? It encourages the adoption of bestpractices in diversity and inclusion, the reflection of those priorities in corporate culture, and the collection and analysis of demographic data.
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Our IPO proceeds were used to pay down debt, bringing our leverage under five times earning US investment grade ratings at both Fitch and Moody's. Our adjusted funds from operations or AFFO for the quarter was up 52% to $208 million aided by the substantial interest savings generated by our debt reduction post IPO. Next slide.
Scheduled debt repayments for the quarter were approximately $65 million, and are expected to be approximately $155 million in the first quarter. billion of higher rate debt acquired from Hawaiian. To end the year, our debt to cap stood at 58% with our net debt-to-EBITDA at 2.4 billion at year-end. Thanks, Andrew.
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