v3.26.1
Borrowings (Tables)
 9 Months Ended
Dec. 31, 2025
Debt Instruments [Abstract]  
Summary of Debt Obligations

The Company’s outstanding debt obligations were as follows:

 

 

December 31, 2025

 

 

Aggregate
Principal
Committed

 

 

Outstanding
Principal

 

 

Carrying
Value (1)

 

 

Unused
Portion (2)

 

 

Amount Available (3)

 

Citi Facility

 

$

250,000

 

 

$

83,159

 

 

$

83,159

 

 

$

166,841

 

 

$

13,432

 

Total

 

$

250,000

 

 

$

83,159

 

 

$

83,159

 

 

$

166,841

 

 

$

13,432

 

 

(1)
The carrying value of the Company’s debt obligations is used as an approximate to fair value. The fair value of these debt obligations would be categorized as Level 3 under the ASC 820 fair value level hierarchy as of December 31, 2025. Carrying values do not include impact of deferred financing costs.
(2)
The unused portion is the amount upon which commitment fees, if any, are based.
(3)
The amount available reflects any limitations related to the respective facility’s borrowing base.
Schedule of Company's outstanding foreign-denominated debt obligations

The Company’s outstanding foreign-denominated debt obligations were as follows:

 

 

December 31, 2025

 

 

Original Principal Amount (Local)

 

 

Original Principal Amount (USD)

 

 

Outstanding Principal

 

 

Unrealized Gain (Loss)

 

Canadian Dollar

 

 

1,128

 

 

$

824

 

 

$

822

 

 

$

2

 

Total

 

 

 

 

$

824

 

 

$

822

 

 

$

2

 

 
Summary of Components of Interest Expense

The components of interest and debt expenses were as follows:

 

 

 

Period from April 15, 2025 (inception) to December 31, 2025

 

Stated interest expense

 

$

1,768

 

Amortization of deferred financing costs

 

 

176

 

Total interest and debt expense

 

$

1,944

 

Cash paid for interest expense

 

$

1,556

 

Citi Facility weighted average interest rate

 

 

5.87

%

Citi Facility average debt outstanding

 

$

64,927