| Schedule of Line Credit Facility |
| Class and Year (1)(2) | |
Total Amount
Outstanding
Exclusive of
Treasury
Securities(3) | | |
Asset
Coverage
per Unit(4) | | |
Involuntary
Liquidating
Preference
per Share(5) | | |
Average
Market
Value per
Share(6) | |
| | |
(in thousands) | |
| Credit Facility with Encina Lender Finance, LLC | |
| | |
| | |
| | |
| |
| Fiscal year 2026 (as of May 31, 2025) | |
$ | 32,500 | | |
$ | 1,638 | | |
| | | |
| N/A | |
| Fiscal year 2025 (as of February 28, 2025) | |
$ | 32,500 | | |
$ | 1,629 | | |
| - | | |
| N/A | |
| Fiscal year 2024 (as of February 29, 2024) | |
$ | 35,000 | | |
$ | 1,610 | | |
| - | | |
| N/A | |
| Fiscal year 2023 (as of February 28, 2023) | |
$ | 32,500 | | |
$ | 1,659 | | |
| - | | |
| N/A | |
| Fiscal year 2022 (as of February 28, 2022) | |
$ | 12,500 | | |
$ | 2,093 | | |
| - | | |
| N/A | |
| Credit Facility with Live Oak Banking Company | |
| | | |
| | | |
| | | |
| | |
| Fiscal year 2026 (as of May 31, 2025) | |
$ | 20,000 | | |
$ | 1,638 | | |
| | | |
| N/A | |
| Fiscal year 2025 (as of February 28, 2025) | |
$ | 20,000 | | |
$ | 1,629 | | |
| - | | |
| N/A | |
| Credit Facility with Madison Capital
Funding(14) | |
| | | |
| | | |
| | | |
| | |
| Fiscal year 2021 (as of February 28, 2021) | |
| - | | |
$ | 3,471 | | |
| - | | |
| N/A | |
| Fiscal year 2020 (as of February 29, 2020) | |
| - | | |
$ | 6,071 | | |
| - | | |
| N/A | |
| Fiscal year 2019 (as of February 28, 2019) | |
| - | | |
$ | 2,345 | | |
| - | | |
| N/A | |
| Fiscal year 2018 (as of February 28, 2018) | |
| - | | |
$ | 2,930 | | |
| - | | |
| N/A | |
| Fiscal year 2017 (as of February 28, 2017) | |
| - | | |
$ | 2,710 | | |
| - | | |
| N/A | |
| Fiscal year 2016 (as of February 29, 2016) | |
| - | | |
$ | 3,025 | | |
| - | | |
| N/A | |
| Fiscal year 2015 (as of February 28, 2015) | |
$ | 9,600 | | |
$ | 3,117 | | |
| - | | |
| N/A | |
| Fiscal year 2014 (as of February 28, 2014) | |
| - | | |
$ | 3,348 | | |
| - | | |
| N/A | |
| Fiscal year 2013 (as of February 28, 2013) | |
$ | 24,300 | | |
$ | 5,421 | | |
| - | | |
| N/A | |
| Fiscal year 2012 (as of February 29, 2012) | |
$ | 20,000 | | |
$ | 5,834 | | |
| - | | |
| N/A | |
| Fiscal year 2011 (as of February 28, 2011) | |
$ | 4,500 | | |
$ | 20,077 | | |
| - | | |
| N/A | |
| 7.50% Notes due 2020(7) | |
| | | |
| | | |
| | | |
| | |
| Fiscal year 2017 (as of February 28, 2017) | |
$ | - | | |
$ | - | | |
| - | | |
| N/A | |
| Fiscal year 2016 (as of February 29, 2016) | |
$ | 61,793 | | |
$ | 3,025 | | |
| - | | |
$ | 25.24 | (8) |
| Fiscal year 2015 (as of February 28, 2015) | |
$ | 48,300 | | |
$ | 3,117 | | |
| - | | |
$ | 25.46 | (8) |
| Fiscal year 2014 (as of February 28, 2014) | |
$ | 48,300 | | |
$ | 3,348 | | |
| - | | |
$ | 25.18 | (8) |
| 6.75% Notes due 2023(9) | |
| | | |
| | | |
| | | |
| | |
| Fiscal year 2020 (as of February 29, 2020) | |
$ | - | | |
$ | - | | |
| - | | |
| N/A | |
| Fiscal year 2019 (as of February 28, 2019) | |
$ | 74,451 | | |
$ | 2,345 | | |
| - | | |
$ | 25.74 | (10) |
| Fiscal year 2018 (as of February 28, 2018) | |
$ | 74,451 | | |
$ | 2,930 | | |
| - | | |
$ | 26.05 | (10) |
| Fiscal year 2017 (as of February 28, 2017) | |
$ | 74,451 | | |
$ | 2,710 | | |
| - | | |
$ | 25.89 | (10) |
| 8.75% Notes due 2025 | |
| | | |
| | | |
| | | |
| | |
| Fiscal year 2025 (as of February 28, 2025) | |
$ | 20,000 | | |
$ | 1,629 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2024 (as of February 29, 2024) | |
$ | 20,000 | | |
$ | 1,610 | | |
| - | | |
$ | 25.00 | (12) |
| 6.25% Notes due 2025(13) | |
| | | |
| | | |
| | | |
| | |
| Fiscal year 2022 (as of February 28, 2022) | |
| - | | |
| - | | |
| - | | |
| N/A | |
| Fiscal year 2021 (as of February 28, 2021) | |
$ | 60,000 | | |
$ | 3,471 | | |
| - | | |
$ | 24.24 | (11) |
| Fiscal year 2020 (as of February 29, 2020) | |
$ | 60,000 | | |
$ | 6,071 | | |
| - | | |
$ | 25.75 | (11) |
| Fiscal year 2019 (as of February 28, 2019) | |
$ | 60,000 | | |
$ | 2,345 | | |
| - | | |
$ | 24.97 | (11) |
| Class and Year (1)(2) | |
Total Amount
Outstanding
Exclusive of
Treasury
Securities(3) | | |
Asset
Coverage
per Unit(4) | | |
Involuntary
Liquidating
Preference
per Share(5) | | |
Average
Market
Value per
Share(6) | |
| | |
(in thousands) | |
| 7.00% Notes due 2025 | |
| | | |
| | | |
| | | |
| | |
| Fiscal year 2026 (as of May 31, 2025) | |
$ | 12,000 | | |
$ | 1,638 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2025 (as of February 28, 2025) | |
$ | 12,000 | | |
$ | 1,629 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2024 (as of February 29, 2024) | |
$ | 12,000 | | |
$ | 1,610 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2023 (as of February 28, 2023) | |
$ | 12,000 | | |
$ | 1,659 | | |
| - | | |
$ | 25.00 | (12) |
| 7.25% Notes due 2025(17) | |
| | | |
| | | |
| | | |
| | |
| Fiscal year 2023 (as of February 28, 2023) | |
| - | | |
| - | | |
| - | | |
| N/A | |
| Fiscal year 2022 (as of February 28, 2022) | |
$ | 43,125 | | |
$ | 2,093 | | |
| - | | |
$ | 25.46 | (11) |
| Fiscal year 2021 (as of February 28, 2021) | |
$ | 43,125 | | |
$ | 3,471 | | |
| - | | |
$ | 25.77 | (11) |
| 7.75% Notes due 2025 | |
| | | |
| | | |
| | | |
| | |
| Fiscal year 2026 (as of May 31, 2025) | |
$ | 5,000 | | |
$ | 1,638 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2025 (as of February 28, 2025) | |
$ | 5,000 | | |
$ | 1,629 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2024 (as of February 29, 2024) | |
$ | 5,000 | | |
$ | 1,610 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2023 (as of February 28, 2023) | |
$ | 5,000 | | |
$ | 1,659 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2022 (as of February 28, 2022) | |
$ | 5,000 | | |
$ | 2,093 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2021 (as of February 28, 2021) | |
$ | 5,000 | | |
$ | 3,471 | | |
| - | | |
$ | 25.00 | (12) |
| 4.375% Notes due 2026 | |
| | | |
| | | |
| | | |
| | |
| Fiscal year 2026 (as of May 31, 2025) | |
$ | 175,000 | | |
$ | 1,638 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2025 (as of February 28, 2025) | |
$ | 175,000 | | |
$ | 1,629 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2024 (as of February 29, 2024) | |
$ | 175,000 | | |
$ | 1,610 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2023 (as of February 28, 2023) | |
$ | 175,000 | | |
$ | 1,659 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2022 (as of February 28, 2022) | |
$ | 175,000 | | |
$ | 2,093 | | |
| - | | |
$ | 25.00 | (12) |
| 4.35% Notes due 2027 | |
| | | |
| | | |
| | | |
| | |
| Fiscal year 2026 (as of May 31, 2025) | |
$ | 75,000 | | |
$ | 1,638 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2025 (as of February 28, 2025) | |
$ | 75,000 | | |
$ | 1,629 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2024 (as of February 29, 2024) | |
$ | 75,000 | | |
$ | 1,610 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2023 (as of February 28, 2023) | |
$ | 75,000 | | |
$ | 1,659 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2022 (as of February 28, 2022) | |
$ | 75,000 | | |
$ | 2,093 | | |
| - | | |
$ | 25.00 | (12) |
| 6.00% Notes due 2027 | |
| | | |
| | | |
| | | |
| | |
| Fiscal year 2026 (as of May 31, 2025) | |
$ | 105,500 | | |
$ | 1,638 | | |
| - | | |
$ | 24.52 | (15) |
| Fiscal year 2025 (as of February 28, 2025) | |
$ | 105,500 | | |
$ | - | | |
| - | | |
$ | 24.36 | (15) |
| Fiscal year 2024 (as of February 29, 2024) | |
$ | 105,500 | | |
$ | 1,610 | | |
| - | | |
$ | 23.51 | (15) |
| Fiscal year 2023 (as of February 28, 2023) | |
$ | 105,500 | | |
$ | 1,659 | | |
| - | | |
$ | 23.97 | (15) |
| 6.25% Notes due 2027 | |
| | | |
| | | |
| | | |
| | |
| Fiscal year 2026 (as of May 31, 2025) | |
$ | 15,000 | | |
$ | 1,638 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2025 (as of February 28, 2025) | |
$ | 15,000 | | |
$ | 1,629 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2024 (as of February 29, 2024) | |
$ | 15,000 | | |
$ | 1,610 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2023 (as of February 28, 2023) | |
$ | 15,000 | | |
$ | 1,659 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2022 (as of February 28, 2022) | |
$ | 15,000 | | |
$ | 2,093 | | |
| - | | |
$ | 25.00 | (12) |
| Fiscal year 2021 (as of February 28, 2021) | |
$ | 15,000 | | |
$ | 3,471 | | |
| - | | |
$ | 25.00 | (12) |
| 8.00% Notes due 2027 | |
| | | |
| | | |
| | | |
| | |
| Fiscal year 2026 (as of May 31, 2025) | |
$ | 46,000 | | |
$ | 1,638 | | |
| - | | |
$ | 25.36 | (15) |
| Fiscal year 2025 (as of February 28, 2025) | |
$ | 46,000 | | |
$ | 1,629 | | |
| - | | |
$ | 25.21 | (15) |
| Fiscal year 2024 (as of February 29, 2024) | |
$ | 46,000 | | |
$ | 1,610 | | |
| - | | |
$ | 25.00 | (15) |
| 8.125% Notes due 2027 | |
| | | |
| | | |
| | | |
| | |
| Fiscal year 2026 (as of May 31, 2025) | |
$ | 60,375 | | |
$ | 1,638 | | |
| - | | |
$ | 25.33 | (15) |
| Fiscal year 2025 (as of February 28, 2025) | |
$ | 60,375 | | |
$ | 1,629 | | |
| - | | |
$ | 25.27 | (15) |
| Fiscal year 2024 (as of February 29, 2024) | |
$ | 60,375 | | |
$ | 1,610 | | |
| - | | |
$ | 25.05 | (15) |
| Fiscal year 2023 (as of February 28, 2023) | |
$ | 60,375 | | |
$ | 1,659 | | |
| - | | |
$ | 25.10 | (15) |
| 8.50% Notes due 2028 | |
| | | |
| | | |
| | | |
| | |
| Fiscal
year 2026 (as of May 31, 2025) | |
$ | 57,500 | | |
$ | 1,638 | | |
| - | | |
$ | 25.32 | (17) |
| Fiscal year 2025 (as of February 28, 2025) | |
$ | 57,500 | | |
$ | 1,629 | | |
| - | | |
$ | 25.47 | (17) |
| Fiscal year 2024 (as of February 29, 2024) | |
$ | 57,500 | | |
$ | 1,610 | | |
| - | | |
$ | 25.17 | (17) |
| (1) | We have excluded our SBA-guaranteed debentures from this table because the SEC has granted us exemptive relief that permits us to exclude such debentures from the definition of senior securities in the 150% asset coverage ratio we are required to maintain under the 1940 Act. | | (2) | This table does not include the senior securities of our predecessor entity, GSC Investment Corp., relating to a revolving securitized credit facility with Deutsche Bank, in light of the fact that the Company was under different management during the time that such credit facility was outstanding. |
| (3) | Total amount of senior securities outstanding at the end of the period presented. | | (4) | Asset coverage per unit is the ratio of our total assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness, calculated on a total basis. | | (5) | The amount to which such class of senior security would be entitled upon the involuntary liquidation of the issuer in preference to any security junior to it. The “—” indicates information which the Securities and Exchange Commission expressly does not require to be disclosed for certain types of senior securities. | | (6) | Not applicable for credit facility because not registered for public trading. | | (7) | On January 13, 2017, the Company redeemed in full its 2020 Notes. The Company used a portion of the net proceeds from the 2023 Notes offering, which was completed in December 2016, to redeem the 2020 Notes in full. | | (8) | Based on the average daily trading price of the 2020 Notes on the NYSE. | | (9) | On December 21, 2019 and February 7, 2020, the Company redeemed $50.0 million and $24.45 million, respectively, in aggregate principal amount of the $74.45 million in aggregate principal amount of issued and outstanding 2023 Notes. | | (10) | Based on the average daily trading price of the 2023 Notes on the NYSE. | | (11) | Based on the average daily trading price of the 2025 Notes on the NYSE. | | (12) | The carrying value of this unlisted security approximates its fair value, based on a waterfall analysis showing adequate collateral coverage. | | (13) | On August 31, 2021, the Company redeemed $60.0 million in aggregate principal amount of the issued and outstanding 6.25% 2025 Notes. The Company used a portion of the net proceeds from the 4.375% 2026 Notes offering, which was completed in July 2021, to redeem the 6.25% 2025 Notes in full. | | (14) | On October 4, 2021, the Company repaid all remaining amounts outstanding under the Madison Credit Facility and the credit agreement relating to the Madison Credit Facility was terminated. | | (15) | Based on the average daily trading price of the 2027 Notes on the NYSE. | | (16) | Based on the average daily trading price of the 2028 Notes on the NYSE. | | (17) | On July 14, 2022, the Company redeemed $43.1 million in aggregate principal amount of the issued and outstanding 7.25% 2025 Notes. |
|