v3.26.1
Borrowings (Tables)
 12 Months Ended
Dec. 31, 2025
Morgan Stanley Bank [Member]  
Short-Term Debt [Line Items]  
Schedule of Components of Interest Expense

The components of the Company’s interest expense on the MS Credit Facility were as follows:

 

For the Year Ended December 31, 2025

 

 

For the Year Ended December 31, 2024

 

 

For the Period April 28, 2023 (initial capitalization) through December 31, 2023

 

Borrowing interest expense

$

21,461

 

 

$

9,698

 

 

$

—

 

Borrowing administration fees

 

533

 

 

 

534

 

 

 

148

 

Facility unused fees

 

230

 

 

 

1,445

 

 

 

589

 

Amortization of financing costs

 

618

 

 

 

615

 

 

 

151

 

Total interest expense

$

22,842

 

 

$

12,292

 

 

$

888

 

Average Debt Outstanding

 

312,334

 

 

 

161,319

 

(1)

 

—

 

Average Stated Interest Rate

 

6.77

%

 

 

7.93

%

(1)

 

—

 
(1)
Average taken from date of initial borrowing on March 29, 2024.
JPMorgan Chase Bank [Member]  
Short-Term Debt [Line Items]  
Schedule of Components of Interest Expense

The components of the Company’s interest expense on the JPM Credit Facility were as follows:

 

For the Year Ended December 31, 2025

 

 

For the Year Ended December 31, 2024

 

 

For the Period April 28, 2023 (initial capitalization) through December 31, 2023

 

Borrowing interest expense

$

3,549

 

 

$

—

 

 

$

—

 

Borrowing administration fees

 

—

 

 

 

—

 

 

 

—

 

Facility unused fees

 

61

 

 

 

—

 

 

 

—

 

Amortization of financing costs

 

145

 

 

 

—

 

 

 

—

 

Total interest expense

$

3,755

 

 

$

—

 

 

$

—

 

Average Debt Outstanding

 

83,814

 

(1)

 

—

 

 

 

—

 

Average Stated Interest Rate

 

5.71

%

(1)

N/A

 

 

N/A

 
(1)
Average taken from date of initial borrowing on April 9, 2025.