Below is a summary of the Company's credit facilities as of June 30, 2025 and September 30, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | ($ in millions) | | Aggregate Principal Committed | | Outstanding Principal | | Unfunded Commitment | | Unamortized Debt Financing Costs | | Availability Period | | Maturity Date | | ING Credit Agreement | | $ | 1,235.0 | | | $ | 630.0 | | | $ | 605.0 | | | $ | 9.0 | | | 4/11/2029 | | 4/11/2030 | | JPM SPV Facility | | 500.0 | | | 375.0 | | | 125.0 | | | 4.4 | | | 5/29/2027 | | 5/29/2029 | | SMBC SPV Facility | | 150.0 | | | 75.5 | | | 74.5 | | | 1.3 | | | 9/29/2026 | | 9/29/2028 | | CIBC SPV Facility | | 350.0 | | | 245.0 | | | 105.0 | | | 0.4 | | | 11/21/2025 | | 11/21/2025 | | DBNY SPV Facility | | 300.0 | | | 180.0 | | | 120.0 | | | 2.5 | | | 2/15/2027 | | 2/15/2029 | | MS SPV Facility | | 200.0 | | | 133.4 | | | 66.6 | | | 1.8 | | | 2/23/2027 | | 2/23/2029 | | Total | | $ | 2,735.0 | | | $ | 1,638.9 | | | $ | 1,096.1 | | | $ | 19.4 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2024 | | ($ in millions) | | Aggregate Principal Committed | | Outstanding Principal | | Unfunded Commitment | | Unamortized Debt Financing Costs | | Availability Period | | Maturity Date | | ING Credit Agreement | | $ | 1,185.0 | | | $ | 415.0 | | | $ | 770.0 | | | $ | 6.8 | | | 6/28/2027 | | 6/28/2028 | | JPM SPV Facility | | 500.0 | | | 230.0 | | | 270.0 | | | 5.2 | | | 5/29/2027 | | 5/29/2029 | | SMBC SPV Facility | | 150.0 | | | 100.0 | | | 50.0 | | | 1.6 | | | 9/29/2026 | | 9/29/2028 | | CIBC SPV Facility | | 350.0 | | | 225.0 | | | 125.0 | | | 1.3 | | | 11/21/2025 | | 11/21/2025 | | DBNY SPV Facility | | 300.0 | | | 100.0 | | | 200.0 | | | 3.0 | | | 2/15/2027 | | 2/15/2029 | | MS SPV Facility | | 200.0 | | | 25.0 | | | 175.0 | | | 2.2 | | | 2/23/2027 | | 2/23/2029 | | Total | | $ | 2,685.0 | | | $ | 1,095.0 | | | $ | 1,590.0 | | | $ | 20.1 | | | | | |
Below is a summary of the Company's unsecured notes as of June 30, 2025 and September 30, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | ($ in millions) | | Outstanding Principal | | Unamortized Financing Costs | | Unaccreted Discount | | Swap Fair Value Adjustment | | Carrying Value | | Fair Value | | Maturity Date | | 2028 Unsecured Notes | | $ | 350.0 | | | $ | (3.1) | | | $ | (1.2) | | | $ | 9.0 | | | $ | 354.7 | | | $ | 377.1 | | | 11/14/2028 | | 2029 Unsecured Notes | | 400.0 | | | (4.1) | | | (1.9) | | | 6.1 | | | 400.1 | | | 409.1 | | | 7/23/2029 | | Total | | $ | 750.0 | | | $ | (7.2) | | | $ | (3.1) | | | $ | 15.1 | | | $ | 754.8 | | | $ | 786.2 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2024 | | ($ in millions) | | Outstanding Principal | | Unamortized Financing Costs | | Unaccreted Discount | | Swap Fair Value Adjustment | | Carrying Value | | Fair Value | | Maturity Date | | 2028 Unsecured Notes | | $ | 350.0 | | | $ | (3.7) | | | $ | (1.5) | | | $ | 12.4 | | | $ | 357.2 | | | $ | 378.6 | | | 11/14/2028 | | 2029 Unsecured Notes | | 400.0 | | | (4.8) | | | (2.3) | | | 9.2 | | | 402.1 | | | 412.0 | | | 7/23/2029 | | Total | | $ | 750.0 | | | $ | (8.5) | | | $ | (3.8) | | | $ | 21.6 | | | $ | 759.3 | | | $ | 790.6 | | | |
The table below presents the components of interest expense for the following periods: | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in millions, except percentage) | | Three Months Ended June 30, 2025 | | Three Months Ended June 30, 2024 | | Nine Months Ended June 30, 2025 | | Nine Months Ended June 30, 2024 | | Stated interest expense | | $ | 35.2 | | | $ | 27.3 | | | $ | 107.6 | | | $ | 62.5 | | | Credit facility fees | | 2.6 | | | 1.8 | | | 8.2 | | | 4.6 | | | Amortization of debt financing costs | | 2.2 | | | 1.7 | | | 6.5 | | | 4.1 | | | Effect of interest rate swaps | | 0.5 | | | 0.9 | | | 2.6 | | | 2.4 | | | Total interest expense | | $ | 40.5 | | | $ | 31.7 | | | $ | 124.9 | | | $ | 73.6 | | Weighted average interest rate (1) | | 6.915 | % | | 8.418 | % | | 7.117 | % | | 8.341 | % | | Weighted average outstanding balance | | $ | 2,042.4 | | | $ | 1,366.9 | | | $ | 2,027.2 | | | $ | 1,035.1 | |
_____________________(1) The weighted average interest rate includes the effect of the interest rate swaps and excludes the impact of credit facility fees and amortization of debt financing costs.
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