| Schedule of Line of Credit Facilities |
The following tables summarize noteworthy information related to our Credit Facility:
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June 30, 2026 |
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September 30, 2025 |
| Commitment amount |
$ |
365,000 |
|
$ |
320,000 |
| Line of credit outstanding, at cost |
177,500 |
|
— |
|
Availability(A)
|
172,467 |
|
307,467 |
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For the Three Months Ended
June 30, |
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For the Nine Months Ended
June 30, |
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2026 |
|
2025 |
|
2026 |
|
2025 |
|
| Weighted average borrowings outstanding, at cost |
$ |
206,057
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|
|
$ |
6,558 |
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|
$ |
170,305
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|
$ |
28,711 |
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Weighted average interest rate(B)
|
6.8
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% |
|
58.3 |
% |
|
7.1
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% |
|
17.3 |
% |
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| Commitment (unused) fees incurred |
$ |
241
|
|
|
$ |
724 |
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|
$ |
918
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|
$ |
2,013 |
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(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.
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| 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, 2026 and September 30, 2025, 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, 2026 and 2025:
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Total Recurring Fair Value Measurement Reported in |
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Consolidated Statements of Assets and Liabilities Using Significant Unobservable Inputs (Level 3)
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June 30, 2026 |
|
September 30, 2025 |
Credit Facility |
$ |
177,500
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|
|
$ |
— |
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| Fair Value Measurements Using Significant Unobservable Data Inputs (Level 3) |
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Three Months Ended
June 30, |
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2026 |
|
2025 |
| Fair value as of March 31, 2026 and 2025, respectively |
$ |
199,800
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|
|
$ |
25,149 |
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Borrowings |
97,000
|
|
|
63,500 |
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Repayments |
(119,300) |
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|
(61,100) |
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Net unrealized appreciation |
—
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|
|
(49) |
|
Fair Value as of June 30, 2026 and 2025, respectively |
$ |
177,500
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|
|
$ |
27,500 |
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| Fair Value Measurements Using Significant Unobservable Data Inputs (Level 3) |
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Nine Months Ended
June 30, |
|
2026 |
|
2025 |
| Fair value as of September 30, 2025 and 2024, respectively |
$ |
—
|
|
|
$ |
70,600 |
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Borrowings |
381,000
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|
|
212,000 |
|
Repayments |
(203,500) |
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|
(255,100) |
|
Net unrealized appreciation |
—
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|
|
— |
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Fair Value as of June 30, 2026 and 2025, respectively |
$ |
177,500
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|
|
$ |
27,500 |
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| Schedule of Convertible Debt |
The following table summarizes certain key terms related to the convertible features of the 2030 Convertible Notes as of June 30, 2026.
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2030 Convertible Notes |
| Conversion Premium |
|
10.0 |
% |
| Closing stock price at issuance |
|
$ |
23.65 |
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| Closing stock price date |
|
September 9, 2025 |
Conversion price(A)
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|
$ |
25.90 |
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Conversion rate (shares per $1,000 principal amount)(A)
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|
38.61 |
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| Last conversion price calculation date |
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September 22, 2025 |
(A)Represents conversion price and conversion rate, as applicable, as of June 30, 2026.
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