| Schedule of Repurchase Obligations |
As of June 30, 2025 and December 31, 2024, the Company had outstanding Repurchase Obligations of $148,841 and $177,321, respectively. Interest expense under these Repurchase Obligations is calculated as the product of (i) the difference in days between the trade date and the settlement date, which will occur on or prior to the 90th calendar day following the trade date, of the respective Macquarie Transaction and (ii) the interest rates listed in the table below, as stipulated in the respective repurchase agreements.
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|
|
|
|
|
|
|
|
Issuer |
|
Investment |
|
Trade Date |
|
Interest Rate |
|
Action Elevator Intermediate Holdings, LLC |
|
Term Loan |
|
5/1/2025 |
|
|
0.00019770 |
|
QBS Parent, Inc. |
|
Term Loan |
|
5/9/2025 |
|
|
0.00019864 |
|
BVI Medical, Inc. |
|
Term Loan |
|
6/3/2025 |
|
|
0.00019916 |
|
HowardSimon LLC |
|
Term Loan |
|
6/12/2025 |
|
|
0.00019925 |
|
Twitter, Inc. ("X") |
|
Term Loan |
|
6/17/2025 |
|
|
0.00019900 |
|
Twitter, Inc. ("X") |
|
Term Loan |
|
6/25/2025 |
|
|
0.00019869 |
|
|
| Schedule of Outstanding Debt Obligations |
The Company’s outstanding debt obligations were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
|
|
Aggregate Principal Committed |
|
|
Outstanding
Principal |
|
|
Carrying
Value |
|
|
Unused
Portion (1) |
|
|
Amount
Available (2) |
|
Citi Revolving Credit Facility |
|
$ |
500,000 |
|
|
$ |
428,000 |
|
|
$ |
428,000 |
|
|
$ |
72,000 |
|
|
$ |
951 |
|
MS Revolving Credit Facility |
|
|
500,000 |
|
|
|
347,000 |
|
|
|
347,000 |
|
|
|
153,000 |
|
|
|
79,790 |
|
Repurchase Obligations |
|
|
148,841 |
|
|
|
148,841 |
|
|
|
148,841 |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
1,148,841 |
|
|
$ |
923,841 |
|
|
$ |
923,841 |
|
|
$ |
225,000 |
|
|
$ |
80,741 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
|
Aggregate Principal Committed |
|
|
Outstanding
Principal |
|
|
Carrying
Value |
|
|
Unused
Portion (1) |
|
|
Amount
Available (2) |
|
Citi Revolving Credit Facility |
|
$ |
300,000 |
|
|
$ |
265,300 |
|
|
$ |
265,300 |
|
|
$ |
34,700 |
|
|
$ |
34,599 |
|
MS Revolving Credit Facility |
|
|
300,000 |
|
|
|
230,000 |
|
|
|
230,000 |
|
|
|
70,000 |
|
|
|
44,197 |
|
Repurchase Obligations |
|
|
177,321 |
|
|
|
177,321 |
|
|
|
177,321 |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
777,321 |
|
|
$ |
672,621 |
|
|
$ |
672,621 |
|
|
$ |
104,700 |
|
|
$ |
78,796 |
|
(1)The unused portion is the amount upon which commitment fees, if any, are based. (2)The amount available reflects any limitations related to each respective credit facility's borrowing base.
|
| Components of Interest Expense |
The components of interest expense were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
2025 |
|
2024 |
|
|
2025 |
|
2024 |
|
Borrowing interest expense |
$ |
14,439 |
|
$ |
3,193 |
|
|
$ |
27,159 |
|
$ |
3,704 |
|
Facility commitment fees |
|
158 |
|
|
285 |
|
|
|
365 |
|
|
488 |
|
Amortization of financing costs |
|
483 |
|
|
202 |
|
|
|
923 |
|
|
303 |
|
Total interest expense |
$ |
15,080 |
|
$ |
3,680 |
|
|
$ |
28,447 |
|
$ |
4,495 |
|
Cash paid for interest expense |
$ |
11,268 |
|
$ |
1,576 |
|
|
$ |
24,843 |
|
$ |
1,690 |
|
|