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CORPORATE DEBT
3 Months Ended
Mar. 31, 2016
CORPORATE DEBT
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 March 31, 2016 are as follows:
 
 
Industry Dispersion
 
 
 
Fixed Rate
   
Floating Rate
   
Total
 
 
 
(dollars in thousands)
 
 
                 
Healthcare
 
$
-
   
$
173,896
   
$
173,896
 
Security services
   
74,700
     
-
     
74,700
 
Technology
   
-
     
93,292
     
93,292
 
Business services
   
4,359
     
134,515
     
138,874
 
Agriculture and protein processing
   
-
     
41,576
     
41,576
 
Food & beverage
   
-
     
27,930
     
27,930
 
Mining & minerals
   
-
     
24,671
     
24,671
 
Consumer products
   
-
     
23,230
     
23,230
 
Manufacturing
   
-
     
7,477
     
7,477
 
Education services
   
-
     
21,168
     
21,168
 
Packaging
   
-
     
12,667
     
12,667
 
Total
 
$
79,059
   
$
560,422
   
$
639,481
 
 
The table below reflects the Company's aggregate positions by their respective place in the capital structure of the borrowers as of March 31, 2016.
 
 
March 31, 2016
 
 
(dollars in thousands)
 
 
   
First lien loans
 
$
397,693
 
Second lien loans
   
162,729
 
Second lien notes
   
74,700
 
Subordinated notes
   
4,359
 
Total
 
$
639,481