Quarterly report [Sections 13 or 15(d)]

BORROWINGS (Tables)

v3.25.2
BORROWINGS (Tables)
9 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Line of Credit Facilities
The following tables summarize noteworthy information related to our Credit Facility:
June 30, 2025 September 30, 2024
Commitment amount $ 320,000 $ 293,659
Line of credit outstanding, at cost 27,500 70,600 
Availability(A)
277,744 200,381 
For the Three Months Ended
June 30,
For the Nine Months Ended June 30,
2025 2024 2025 2024
Weighted average borrowings outstanding, at cost $ 6,558  $ 76,843  $ 28,711  $ 71,809 
Weighted average interest rate(B)
58.3  % 10.5  % 17.3  % 10.7  %
Commitment (unused) fees incurred $ 724  $ 396  $ 2,013  $ 1,146 
(A)    Available borrowings are subject to various constraints imposed under our Credit Facility, based on the aggregate loan balance pledged by Business Loan, which varies as loans are added and repaid, regardless of whether such repayments are prepayments or made as contractually required.
(B)     Includes unused commitment fees and excludes the impact of deferred financing costs.
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following tables present our Credit Facility carried at fair value as of June 30, 2025 and September 30, 2024, on our accompanying Consolidated Statements of Assets and Liabilities for Level 3 of the hierarchy established by ASC 820 and the changes in fair value of our Credit Facility during the three and nine months ended June 30, 2025 and 2024:
Total Recurring Fair Value Measurement Reported in
Consolidated Statements of Assets and Liabilities Using Significant Unobservable Inputs (Level 3)
June 30, 2025 September 30, 2024
Credit Facility
$ 27,500  $ 70,600 
Fair Value Measurements Using Significant Unobservable Data Inputs (Level 3)
Three Months Ended
June 30,
2025 2024
Fair value as of March 31, 2025 and 2024, respectively $ 25,149  $ 117,200 
Borrowings
63,500  45,200 
Repayments
(61,100) (96,600)
Net unrealized appreciation
(49) — 
Fair Value as of June 30, 2025 and 2024, respectively
$ 27,500  $ 65,800 
Fair Value Measurements Using Significant Unobservable Data Inputs (Level 3)
Nine Months Ended
June 30,
2025 2024
Fair value as of September 30, 2024 and 2023, respectively $ 70,600  $ 47,800 
Borrowings
212,000  179,500 
Repayments
(255,100) (161,500)
Net unrealized appreciation
  — 
Fair Value as of June 30, 2025 and 2024, respectively
$ 27,500  $ 65,800