Subsequent Events |
3 Months Ended |
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Mar. 31, 2025 | |
Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Events The Company has evaluated the need for disclosures and/or adjustments resulting from recent developments through the date the financial statements were issued. There have been no recent developments that require recognition or disclosure in these consolidated financial statements, except as discussed below. April Subscriptions and Dividend Declarations The Company received approximately $46.7 million of net proceeds, inclusive of distributions reinvested through the Company's distribution reinvestment plan, relating to the issuance of Shares for subscriptions effective April 1, 2025. On April 22, 2025, the Board declared a distribution of $0.19 per share which is payable on May 31, 2025 to shareholders of record as of April 30, 2025. GS Credit Facility Amendment On April 29, 2025, the Company entered into Amendment No. 1 to the Credit Agreement (the "First Amendment"), which amended the Credit Agreement, to, among other things, amend the calculation of the Non-Utilization Fees (as defined in the Credit Amendment) that may be payable by the Company at various points during the term of the GS Credit Facility. NEWCRED Credit Facility Amendment On May 12, 2025, the Company entered into a Senior Secured Revolving Credit Agreement (the “RCA”), among the Company, as the Borrower, Sumitomo Mitsui Banking Corporation, as the Administrative Agent, Sumitomo Mitsui Banking Corporation, JP Morgan Chase Bank, N.A, and State Street bank and trust Company, as the joint lead arrangers, and the Lenders, as outlined in the RCA (the "NEWCRED Credit Facility"). The NEWCRED Credit Facility is structured as a senior secured revolving credit facility with a facility amount of $460.0 million and will mature on May 10, 2030.
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