| Schedule of Long-Term Debt Instruments |
The Company’s outstanding debt obligations were as follows:
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December 31, 2025 |
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December 31, 2024 |
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Aggregate
Principal
Committed |
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Outstanding
Principal |
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Unused
Portion |
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Aggregate
Principal
Committed |
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Outstanding
Principal |
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Unused
Portion |
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SMBC Facility |
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$ |
340,000 |
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$ |
214,206 |
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$ |
125,794 |
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$ |
315,000 |
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$ |
91,018 |
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$ |
223,982 |
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Barclays Facility |
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200,000 |
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60,000 |
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140,000 |
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- |
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- |
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- |
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Total |
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$ |
540,000 |
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$ |
274,206 |
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$ |
265,794 |
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$ |
315,000 |
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$ |
91,018 |
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$ |
223,982 |
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The Company’s summary information of its debt obligations were as follows:
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For the Year Ended |
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December 31, 2025 |
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December 31, 2024 |
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December 31, 2023 |
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Weighted average interest rate(1) |
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6.42 |
% |
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7.27 |
% |
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8.62 |
% |
Weighted average effective interest rate(2) |
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6.84 |
% |
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8.38 |
% |
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10.59 |
% |
Weighted average outstanding balance |
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$ |
150,205 |
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$ |
35,175 |
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$ |
11,476 |
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(1)Excludes unused fees and financing costs.
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For the Year Ended |
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December 31, 2025 |
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December 31, 2024 |
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December 31, 2023 |
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Borrowing interest expense |
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$ |
9,439 |
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$ |
2,600 |
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$ |
456 |
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Facility unused commitment fees |
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684 |
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601 |
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153 |
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Amortization of deferred financing costs |
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594 |
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396 |
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104 |
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Total |
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$ |
10,717 |
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$ |
3,597 |
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$ |
713 |
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Weighted average interest rate(1) |
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6.45 |
% |
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7.27 |
% |
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8.62 |
% |
Weighted average effective interest rate(2) |
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6.86 |
% |
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8.38 |
% |
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10.59 |
% |
Weighted average outstanding balance |
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$ |
144,288 |
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$ |
35,175 |
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$ |
11,476 |
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(1) Excludes unused fees and financing costs. (2) Excludes unused fees. As of December 31, 2025, the Company was in compliance with all covenants and other requirements of the Barclays Facility.The summary information of the Barclays Facility is as follows:
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For the Year Ended |
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December 31, 2025 (3) |
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December 31, 2024 |
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December 31, 2023 |
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Borrowing interest expense |
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$ |
338 |
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$ |
— |
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$ |
— |
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Facility unused commitment fees |
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70 |
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— |
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— |
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Amortization of deferred financing costs |
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39 |
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— |
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— |
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Total |
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$ |
447 |
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$ |
— |
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$ |
— |
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Weighted average interest rate(1) |
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5.64 |
% |
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— |
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— |
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Weighted average effective interest rate(2) |
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6.29 |
% |
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— |
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— |
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Weighted average outstanding balance |
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$ |
60,000 |
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— |
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— |
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(1) Excludes unused fees and financing costs. (2) Excludes unused fees. (3) Calculated for the period from November 26, 2025 (Barclays Funding Facility closing date) through December 31, 2025.
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