v3.25.2
Consolidated Statements of Assets and Liabilities (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Investments, at fair value    
Non-controlled/non-affiliated investments (amortized cost of $1,658,604 and $1,207,142 at June 30, 2025 and December 31, 2024, respectively) $ 1,677,923 $ 1,216,443
Cash and cash equivalents (restricted cash of $39,210 and $90,308 at June 30, 2025 and December 31, 2024, respectively) 120,062 104,380
Receivable for investments sold 23,446 23,451
Prefunded Investments 48,081 0
Interest receivable 10,943 8,449
Dividends receivable 1,000 103
Deferred financing costs 7,392 2,643
Deferred offering costs 0 26
Other assets 25 25
Total Assets 1,888,872 1,355,520
Liabilities    
Revolving Credit Facilities 775,000 495,300
Repurchase Obligations 148,841 177,321
Distributions payable 20,442 18,885
Payable for investments purchased 41,133 43,294
Interest payable 10,511 7,831
Management Fees payable 2,749 1,710
Due to affiliates 1,316 1,868
Board of Trustees' fees payable 50 53
Accrued expenses and other liabilities 820 0
Total Liabilities 1,000,862 746,262
Commitments and contingencies (Note 7)
Series A Preferred Shares, $0.001 par value; unlimited shares authorized; 500 shares issued and outstanding; liquidation preference of $3,000 per share 1,500 1,500
Components of Net Assets Applicable to Common Stock    
Common Shares, $0.001 par value; unlimited shares authorized; 32,707,520 and 22,890,180 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 33 23
Additional paid in capital 863,610 595,503
Distributable earnings 22,867 12,232
Total Net Assets Applicable to Common Shares 886,510 607,758
Total Liabilities, Series A Preferred Shares and Net Assets Applicable to Common Shares $ 1,888,872 $ 1,355,520
Net Asset Value Per Common Share [1] $ 27.1 $ 26.55
Non-controlled/non-affiliated investments    
Investments, at fair value    
Non-controlled/non-affiliated investments (amortized cost of $1,658,604 and $1,207,142 at June 30, 2025 and December 31, 2024, respectively) $ 1,677,923 [2],[3] $ 1,216,443 [4],[5]
[1] The per share data was derived by using the weighted average common shares outstanding during the period except for distributions declared to common shareholders which is based on actual rate per share.
[2] Fair value is determined by or under the direction of our Board of Trustees (the "Board" and the members thereof, each, a "Trustee" and collectively, the "Trustees"). Unless otherwise indicated by footnote 9 below, all of our investments are valued using significant unobservable inputs. In accordance with ASC Topic 820, Fair Value Measurement ("ASC Topic 820"), such investments are classified as Level 3 within the fair value hierarchy. See Note 5 within the accompanying notes to consolidated financial statements for further discussion.
[3] The terms “the Company” “we” “us” and “our” mean Diameter Credit Company unless the context specifically requires otherwise. The securities in which the Company has invested were acquired in transactions that were exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may therefore be deemed to be "restricted securities" under the Securities Act. These securities may be resold only in transactions that are exempt from registration under the Securities Act.
[4] Fair value is determined by or under the direction of our Board of Trustees (the “Board” and the members thereof, each, a “Trustee” and collectively, the “Trustees”). Unless otherwise indicated by footnote 9 below, all of our investments are valued using significant unobservable inputs. In accordance with ASC Topic 820, Fair Value Measurement (“ASC Topic 820”), such investments are classified as Level 3 within the fair value hierarchy. See Note 5 within the accompanying notes to consolidated financial statements for further discussion.
[5] The terms “the Company” “we” “us” and “our” mean Diameter Credit Company unless the context specifically requires otherwise. The securities in which the Company has invested were acquired in transactions that were exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may therefore be deemed to be “restricted securities” under the Securities Act. These securities may be resold only in transactions that are exempt from registration under the Securities Act.