The financial highlights for the Company are as follows:


	Nine months ended June 30,
Per share data:(1)	2025				2024
Net asset value at beginning of period	$	15.19			$	15.02

Net increase (decrease) in net assets as a result of issuance of shares(2)	—				0.51
Net increase in net assets as a result of repurchases of shares	0.01				—
Distributions declared:
From net investment income - after tax	(1.26)				(1.40)


Net investment income - after tax	1.12				1.46
Net realized gain (loss) on investment transactions	(0.15)				(0.28)
Net realized gain (loss) on extinguishment of debt	0.00			(3)	—
Net change in unrealized appreciation (depreciation) on investment transactions(4)	0.09				0.01

Net asset value at end of period	$	15.00			$	15.32
Per share market value at end of period	$	14.65			$	15.71
Total return based on market value(5)	5.10		%		17.41		%
Number of common shares outstanding	266,376,416				264,609,056


	Nine months ended June 30,
Listed below are supplemental data and ratios to the financial highlights:	2025	2024
Ratio of net investment income - after tax to average net assets *	9.84%	12.92%
Ratio of total expenses to average net assets *(6)	11.37%	11.92%

Ratio of incentive fee waiver to average net assets	—%	(0.72)%
Ratio of incentive fees to average net assets (6)	1.36%	2.07%
Ratio of income and excise taxes to average net assets (6)	(0.01)%	0.04%
Ratio of net expenses (without incentive fees) to average net assets *(6)	10.01%	9.85%
Total return based on average net asset value(7)	6.96%	6.57%
Total return based on average net asset value - annualized(7)	9.30%	8.78%
Net assets at end of period	$3,995,329	$4,053,643
Average debt outstanding	$4,867,651	$3,211,972
Average debt outstanding per share	$18.27	$12.14
Portfolio turnover*	17.80%	13.11%
Asset coverage ratio(8)	176.75%	192.15%
Asset coverage ratio per unit(9)	$1,768	$1,922
Average market value per unit:(10)

2018 Debt Securitization	N/A	N/A
GCIC 2018 Debt Securitization	N/A	N/A
GBDC 3 2021 Debt Securitization	N/A	N/A
GBDC 3 2022 Debt Securitization	N/A	N/A
GBDC 3 2022-2 Debt Securitization	N/A	N/A
2024 Debt Securitization	N/A	N/A

DB Credit Facility	N/A	N/A

JPM Credit Facility	N/A	N/A
2024 Notes	N/A	N/A
2026 Notes	$960	$909
2027 Notes	$938	$882
2028 Notes	$1,046	$1,027
2029 Notes	$1,003	$980




Adviser Revolver	N/A	N/A

(4)Includes the impact of different share amounts as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on the shares outstanding at the end of the period and as of the dividend record date.

(8)Effective February 6, 2019, in accordance with Section 61(a)(2) of the 1940 Act, with certain limited exceptions, the Company is allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 150% after such borrowing (excluding the Company's SBA debentures pursuant to exemptive relief received by the Company from the SEC). Prior to February 6, 2019, in accordance with the 1940 Act, with certain limited exceptions, the Company was allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, was at least 200% after such borrowing (excluding the Company's SBA debentures pursuant to exemptive relief received by the Company from the SEC).

(9)Asset coverage ratio per unit is the ratio of the carrying value of our total consolidated assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage ratio per unit is expressed in terms of dollar amounts per $1,000 of indebtedness.

(10)Not applicable since such senior securities are not registered for public trading, with the exception of the 2024 Notes, 2026 Notes, 2027 Notes, 2028 Notes and 2029 Notes. The average market value per unit calculated for the 2024 Notes, 2026 Notes, 2027 Notes, 2028 Notes and 2029 Notes is based on the average monthly prices of such notes and is expressed in terms of dollar amounts per $1,000 of indebtedness.