| Commitments and Contingencies |
Note 9. Commitments and Contingencies The Company may enter into certain credit agreements that include loan commitments where all or a portion of such commitment may be unfunded. The Company is generally obligated to fund the unfunded loan commitments at the borrowers’ discretion. Funded portions of credit agreements are presented on the accompanying consolidated schedule of investments. The following table summarizes the Company’s significant contractual payment obligations as of December 31, 2025 and December 31, 2024:
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Unfunded Commitment Balances |
|
Investment |
|
Investment Type |
|
Index (^) |
|
Spread |
|
Interest Rate |
|
Maturity |
|
Industry |
|
December 31, 2025 |
|
|
December 31, 2024 |
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|
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|
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|
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Midwest Eye Services |
|
Senior Secured Fourth Amendment Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
8/20/2027 |
|
Healthcare & Pharmaceuticals |
|
$ |
1,576,000 |
|
|
$ |
— |
|
Prime Pensions |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
2/26/2030 |
|
Banking, Finance, Insurance & Real Estate |
|
|
1,253,333 |
|
|
|
— |
|
Summit Spine 2025 |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
3/25/2031 |
|
Healthcare & Pharmaceuticals |
|
|
986,972 |
|
|
|
— |
|
Kenco |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.25% |
|
7.90% |
|
11/15/2029 |
|
Transportation: Cargo |
|
|
913,170 |
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|
|
913,170 |
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Nvision |
|
Senior Secured Fourth Amendment Delayed Draw Term Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
12/31/2028 |
|
Healthcare & Pharmaceuticals |
|
|
817,121 |
|
|
|
— |
|
Electro Methods |
|
Senior Secured Revolving Credit Facility |
|
S+ |
|
4.75% |
|
8.40% |
|
2/23/2032 |
|
Aerospace & Defense |
|
|
812,714 |
|
|
|
— |
|
Embark |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
9/2/2032 |
|
Services: Business |
|
|
800,000 |
|
|
|
— |
|
Miller Environmental |
|
Senior Secured Delayed Draw Term Loan (General) |
|
S+ |
|
5.00% |
|
8.65% |
|
9/10/2031 |
|
Environmental Industries |
|
|
726,316 |
|
|
|
— |
|
Ned Stevens 2022-2 |
|
Senior Secured 2025 Incremental Delayed Draw Term Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
11/1/2029 |
|
Services: Consumer |
|
|
708,787 |
|
|
|
— |
|
Minds + Assembly |
|
Senior Secured Revolving Loan (First Lien) |
|
S+ |
|
5.00% |
|
8.65% |
|
5/3/2029 |
|
Healthcare & Pharmaceuticals |
|
|
683,230 |
|
|
|
580,745 |
|
Cherry Bekaert |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
6/28/2030 |
|
Banking, Finance, Insurance & Real Estate |
|
|
616,472 |
|
|
|
616,472 |
|
Engine & Transmission Exchange |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
5/29/2029 |
|
Automotive |
|
|
513,078 |
|
|
|
307,847 |
|
Ned Stevens 2022-2 |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
11/1/2028 |
|
Services: Consumer |
|
|
507,703 |
|
|
|
507,703 |
|
Aprio |
|
Senior Secured Aprio DD25-2 |
|
S+ |
|
4.75% |
|
8.40% |
|
8/1/2031 |
|
Services: Business |
|
|
500,000 |
|
|
|
— |
|
Sequel Ortho (fka OrthoNebraska) |
|
Senior Secured Revolving Loan |
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S+ |
|
5.00% |
|
8.65% |
|
7/31/2028 |
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Healthcare & Pharmaceuticals |
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|
481,266 |
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|
|
457,457 |
|
Kept Companies |
|
Senior Secured Revolving Loan |
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S+ |
|
5.25% |
|
8.90% |
|
4/30/2029 |
|
Services: Business |
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|
475,425 |
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|
418,374 |
|
Summit Spine 2025 |
|
Senior Secured Revolving Loan |
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S+ |
|
4.75% |
|
8.40% |
|
3/25/2031 |
|
Healthcare & Pharmaceuticals |
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|
463,877 |
|
|
|
— |
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Trystar |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.25% |
|
7.90% |
|
8/6/2031 |
|
Capital Equipment |
|
|
411,993 |
|
|
|
— |
|
Miller Environmental |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
9/10/2031 |
|
Environmental Industries |
|
|
400,916 |
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|
|
400,916 |
|
Steward Partners |
|
Senior Secured Delayed Draw Term C Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
10/14/2028 |
|
Banking, Finance, Insurance & Real Estate |
|
|
388,667 |
|
|
|
— |
|
Prime Pensions |
|
Senior Secured Revolving Credit |
|
S+ |
|
4.75% |
|
8.40% |
|
2/26/2030 |
|
Banking, Finance, Insurance & Real Estate |
|
|
380,952 |
|
|
|
380,952 |
|
Rover |
|
Senior Secured Amendment No. 1 Incremental Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
2/27/2031 |
|
Services: Consumer |
|
|
376,500 |
|
|
|
— |
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InnovateMR |
|
Senior Secured Revolving Loan |
|
S+ |
|
6.00% |
|
9.65% |
|
1/20/2028 |
|
Services: Business |
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|
365,388 |
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|
|
365,388 |
|
EPIC Insurance |
|
Senior Secured Refinancing Third Amendment Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
9/29/2028 |
|
Banking, Finance, Insurance & Real Estate |
|
|
353,029 |
|
|
|
— |
|
Ivy Rehab |
|
Senior Secured Amendment No. 3 Delayed Draw Term Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
4/23/2029 |
|
Healthcare & Pharmaceuticals |
|
|
349,000 |
|
|
|
— |
|
Aprio |
|
Senior Secured 2025 Incremental Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
8/1/2031 |
|
Services: Business |
|
|
343,877 |
|
|
|
— |
|
Heartland |
|
Senior Secured 2025 Incremental Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
12/12/2029 |
|
Services: Business |
|
|
338,468 |
|
|
|
— |
|
MediaRadar |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
9/17/2029 |
|
Media: Advertising, Printing & Publishing |
|
|
337,010 |
|
|
|
244,042 |
|
RevHealth |
|
Senior Secured Revolving Loan |
|
S+ |
|
2.50% |
|
6.15% |
|
7/21/2028 |
|
Healthcare & Pharmaceuticals |
|
|
333,904 |
|
|
|
282,534 |
|
Amplix |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
5.25% |
|
8.90% |
|
10/18/2029 |
|
Services: Business |
|
|
329,670 |
|
|
|
329,670 |
|
Associated Springs |
|
Senior Secured Amendment No. 1 Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
4/4/2030 |
|
Capital Equipment |
|
|
325,758 |
|
|
|
— |
|
Midwest Eye Services |
|
Senior Secured Fourth Amendment Incremental Revolving Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
8/20/2027 |
|
Healthcare & Pharmaceuticals |
|
|
322,034 |
|
|
|
322,034 |
|
Kenco |
|
Senior Secured DDTL |
|
S+ |
|
4.25% |
|
7.90% |
|
11/15/2029 |
|
Transportation: Cargo |
|
|
319,523 |
|
|
|
— |
|
Eagle Fire |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
7/15/2032 |
|
Services: Business |
|
|
314,949 |
|
|
|
— |
|
Lindsay Precast |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
12/16/2032 |
|
Construction & Building |
|
|
310,345 |
|
|
|
— |
|
Lindsay Precast |
|
Senior Secured Incremental Revolving Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
12/16/2032 |
|
Construction & Building |
|
|
284,483 |
|
|
|
— |
|
Vertellus |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
5.75% |
|
9.40% |
|
1/2/2029 |
|
Chemicals, Plastics & Rubber |
|
|
284,028 |
|
|
|
202,173 |
|
Specialized Dental |
|
Senior Secured Sixth Amendment Incremental Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
11/1/2028 |
|
Healthcare & Pharmaceuticals |
|
|
280,374 |
|
|
|
— |
|
A1 Garage Door |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
12/22/2028 |
|
Construction & Building |
|
|
275,482 |
|
|
|
275,482 |
|
Trystar |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.25% |
|
7.90% |
|
8/6/2031 |
|
Capital Equipment |
|
|
272,724 |
|
|
|
272,724 |
|
CCG |
|
Senior Secured Revolving Facility |
|
S+ |
|
4.50% |
|
8.15% |
|
12/30/2032 |
|
Services: Business |
|
|
270,758 |
|
|
|
— |
|
Whitcraft |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
9/30/2031 |
|
Aerospace & Defense |
|
|
267,857 |
|
|
|
126,786 |
|
Options IT |
|
Senior Secured Effective Date Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
9/30/2031 |
|
High Tech Industries |
|
|
256,410 |
|
|
|
— |
|
Gallo Mechanical |
|
Senior Secured Initial Revolving Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
8/2/2032 |
|
Services: Business |
|
|
253,934 |
|
|
|
— |
|
Heartland |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
12/12/2029 |
|
Services: Business |
|
|
252,112 |
|
|
|
184,138 |
|
Aprio |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
8/1/2031 |
|
Services: Business |
|
|
249,682 |
|
|
|
169,784 |
|
Cerity Partners |
|
Senior Secured Initial Revolving Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
7/28/2028 |
|
Banking, Finance, Insurance & Real Estate |
|
|
240,860 |
|
|
|
286,738 |
|
Electric Power Engineers |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
12/15/2031 |
|
Construction & Building |
|
|
238,095 |
|
|
|
— |
|
Hissho Sushi |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
5/18/2029 |
|
Beverage, Food & Tobacco |
|
|
238,095 |
|
|
|
238,095 |
|
Vortex Companies |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
9/4/2029 |
|
Services: Business |
|
|
235,518 |
|
|
|
380,096 |
|
Plaskolite |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
7.00% |
|
10.65% |
|
2/7/2030 |
|
Capital Equipment |
|
|
235,294 |
|
|
|
— |
|
Voeller |
|
Senior Secured Initial Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
11/25/2032 |
|
Construction & Building |
|
|
232,558 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment |
|
Investment Type |
|
Index (^) |
|
Spread |
|
Interest Rate |
|
Maturity |
|
Industry |
|
December 31, 2025 |
|
|
December 31, 2024 |
|
Kept Companies |
|
Senior Secured DDTAL Loan |
|
S+ |
|
5.25% |
|
8.90% |
|
4/30/2029 |
|
Services: Business |
|
$ |
229,903 |
|
|
$ |
— |
|
Industrial Services Group |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.75% |
|
9.40% |
|
12/7/2028 |
|
Services: Business |
|
|
228,571 |
|
|
|
74,286 |
|
Clearway |
|
Senior Secured Tenth Amendment Delayed Draw Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
8/30/2030 |
|
Healthcare & Pharmaceuticals |
|
|
226,837 |
|
|
|
— |
|
Vessco |
|
Senior Secured 2025 Incremental DDTL |
|
S+ |
|
4.50% |
|
8.15% |
|
11/3/2032 |
|
Utilities: Water |
|
|
225,623 |
|
|
|
— |
|
Golden Source |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
5/12/2028 |
|
Services: Business |
|
|
215,962 |
|
|
|
169,014 |
|
EyeSouth Partners |
|
Senior Secured Amendment No.2 Delayed Draw Term Loan (First Lien) |
|
S+ |
|
5.50% |
|
9.15% |
|
10/5/2029 |
|
Healthcare & Pharmaceuticals |
|
|
208,323 |
|
|
|
— |
|
Denali Water Solutions |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
1/29/2026 |
|
Environmental Industries |
|
|
196,154 |
|
|
|
— |
|
Gallo Mechanical |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
8/2/2032 |
|
Services: Business |
|
|
195,334 |
|
|
|
— |
|
Beta+ |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.25% |
|
7.90% |
|
7/1/2027 |
|
Banking, Finance, Insurance & Real Estate |
|
|
193,402 |
|
|
|
160,247 |
|
Brown & Root |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
10/3/2030 |
|
Construction & Building |
|
|
192,857 |
|
|
|
— |
|
Embark |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
9/2/2032 |
|
Services: Business |
|
|
192,000 |
|
|
|
— |
|
80/20 |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
12/13/2032 |
|
Capital Equipment |
|
|
190,476 |
|
|
|
— |
|
Voeller |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
11/25/2032 |
|
Construction & Building |
|
|
186,047 |
|
|
|
— |
|
O6 Environmental |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
8/5/2032 |
|
Environmental Industries |
|
|
185,476 |
|
|
|
— |
|
Levata |
|
Senior Secured Sixteenth Amendment Incremental Delayed Draw Term Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
12/21/2027 |
|
Services: Business |
|
|
184,075 |
|
|
|
— |
|
Secretariat |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.00% |
|
7.65% |
|
2/28/2032 |
|
Services: Business |
|
|
180,723 |
|
|
|
— |
|
EPIC Insurance |
|
Senior Secured Refinancing Revolving Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
9/29/2028 |
|
Banking, Finance, Insurance & Real Estate |
|
|
179,699 |
|
|
|
199,573 |
|
AI Fire & Safety |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
2/2/2032 |
|
Services: Business |
|
|
174,632 |
|
|
|
— |
|
Ascend |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
8/11/2031 |
|
Services: Business |
|
|
171,821 |
|
|
|
68,729 |
|
Aurora Energy Research |
|
Senior Secured Delayed Draw Term Facility Notes |
|
S+ |
|
5.00% |
|
8.65% |
|
9/8/2032 |
|
Services: Business |
|
|
166,667 |
|
|
|
— |
|
VaxCare |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
6/17/2032 |
|
Healthcare & Pharmaceuticals |
|
|
166,667 |
|
|
|
— |
|
O6 Environmental |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
8/5/2032 |
|
Environmental Industries |
|
|
162,291 |
|
|
|
— |
|
Clearway |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
8/30/2030 |
|
Healthcare & Pharmaceuticals |
|
|
161,933 |
|
|
|
— |
|
MB2 Dental |
|
Senior Secured Tranche 1 Delayed Draw Term Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
2/13/2031 |
|
Healthcare & Pharmaceuticals |
|
|
160,428 |
|
|
|
— |
|
Capital Consultants Management Corporation |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
11/3/2031 |
|
Services: Business |
|
|
157,746 |
|
|
|
— |
|
Aptive Environmental |
|
Senior Secured Initial Revolving Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
10/15/2032 |
|
Services: Consumer |
|
|
155,039 |
|
|
|
— |
|
RailPros |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.25% |
|
7.90% |
|
5/24/2032 |
|
Construction & Building |
|
|
153,846 |
|
|
|
— |
|
AGS Health |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
8/2/2032 |
|
Healthcare & Pharmaceuticals |
|
|
151,520 |
|
|
|
— |
|
Rover |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
2/27/2031 |
|
Services: Consumer |
|
|
150,000 |
|
|
|
150,000 |
|
Dun & Bradstreet |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
8/26/2032 |
|
Services: Business |
|
|
150,000 |
|
|
|
— |
|
Liberty Group |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.75% |
|
9.40% |
|
12/15/2028 |
|
Services: Business |
|
|
147,727 |
|
|
|
147,727 |
|
Shrieve |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
6.00% |
|
9.65% |
|
10/30/2030 |
|
Chemicals, Plastics & Rubber |
|
|
147,694 |
|
|
|
219,348 |
|
Tank Holding |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
5.75% |
|
9.40% |
|
3/31/2028 |
|
Capital Equipment |
|
|
147,692 |
|
|
|
147,692 |
|
Lexitas |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
4/15/2031 |
|
Services: Business |
|
|
144,947 |
|
|
|
— |
|
Inhabit |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
1/12/2032 |
|
High Tech Industries |
|
|
138,889 |
|
|
|
— |
|
Eagle Fire |
|
Senior Secured Initial Revolving Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
7/15/2032 |
|
Services: Business |
|
|
134,615 |
|
|
|
— |
|
Insight Global |
|
Senior Secured 2024 Refinancing Revolving Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
9/22/2028 |
|
Services: Business |
|
|
134,178 |
|
|
|
134,178 |
|
Ivy Rehab |
|
Senior Secured Revolving Credit Loan (First Lien) |
|
S+ |
|
4.75% |
|
8.40% |
|
4/21/2028 |
|
Healthcare & Pharmaceuticals |
|
|
131,650 |
|
|
|
106,397 |
|
Americhem |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
3/1/2032 |
|
Chemicals, Plastics & Rubber |
|
|
128,571 |
|
|
|
— |
|
80/20 |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
12/13/2032 |
|
Capital Equipment |
|
|
126,984 |
|
|
|
— |
|
Steward Partners |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
10/14/2028 |
|
Banking, Finance, Insurance & Real Estate |
|
|
125,000 |
|
|
|
69,444 |
|
SupplyHouse |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.00% |
|
7.65% |
|
7/1/2032 |
|
Capital Equipment |
|
|
125,000 |
|
|
|
— |
|
Cirtec Medical |
|
Senior Secured Revolving Credit (First Lien) |
|
S+ |
|
5.00% |
|
8.65% |
|
10/31/2028 |
|
Healthcare & Pharmaceuticals |
|
|
116,667 |
|
|
|
138,889 |
|
Apex Service Partners |
|
Senior Secured Second Amendment Incremental DDTL Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
10/24/2030 |
|
Services: Consumer |
|
|
116,393 |
|
|
|
— |
|
APT Healthcare |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
9/30/2031 |
|
Healthcare & Pharmaceuticals |
|
|
111,111 |
|
|
|
— |
|
APT Healthcare |
|
Senior Secured Initial Revolving Credit Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
9/30/2031 |
|
Healthcare & Pharmaceuticals |
|
|
111,111 |
|
|
|
— |
|
Micro Merchant Systems |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
12/14/2027 |
|
Healthcare & Pharmaceuticals |
|
|
111,111 |
|
|
|
111,111 |
|
Apex Service Partners |
|
Senior Secured 2024 Revolving Credit Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
10/24/2029 |
|
Services: Consumer |
|
|
107,800 |
|
|
|
73,701 |
|
VC3 |
|
Senior Secured RC |
|
S+ |
|
5.10% |
|
8.75% |
|
3/12/2029 |
|
Services: Business |
|
|
107,692 |
|
|
|
— |
|
PlayPower |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.25% |
|
8.90% |
|
10/29/2030 |
|
Construction & Building |
|
|
106,092 |
|
|
|
— |
|
Precision Concepts |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
8/2/2032 |
|
Containers, Packaging & Glass |
|
|
105,004 |
|
|
|
— |
|
Augusta Sportswear |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
7.00% |
|
10.65% |
|
11/21/2028 |
|
Consumer Goods: Non-Durable |
|
|
103,887 |
|
|
|
278,270 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment |
|
Investment Type |
|
Index (^) |
|
Spread |
|
Interest Rate |
|
Maturity |
|
Industry |
|
December 31, 2025 |
|
|
December 31, 2024 |
|
insightsoftware |
|
Senior Secured Seventh Supplemental DDTL |
|
S+ |
|
5.25% |
|
8.90% |
|
5/25/2028 |
|
High Tech Industries |
|
$ |
103,333 |
|
|
$ |
— |
|
USALCO |
|
Senior Secured 2025 Delayed Draw Term Loan |
|
S+ |
|
3.50% |
|
7.15% |
|
9/30/2031 |
|
Chemicals, Plastics & Rubber |
|
|
103,030 |
|
|
|
— |
|
Alliance Environmental Group |
|
Senior Secured Revolving Loan |
|
S+ |
|
2.50% |
|
6.15% |
|
12/30/2028 |
|
Environmental Industries |
|
|
102,649 |
|
|
|
— |
|
Tronair |
|
Senior Secured Revolving Loan |
|
S+ |
|
3.75% |
|
7.40% |
|
12/22/2032 |
|
Aerospace & Defense |
|
|
100,000 |
|
|
|
— |
|
Leaf Home |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
5.25% |
|
8.90% |
|
9/4/2031 |
|
Construction & Building |
|
|
99,000 |
|
|
|
— |
|
Burke Porter Group |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
6.00% |
|
9.65% |
|
7/29/2028 |
|
Capital Equipment |
|
|
98,809 |
|
|
|
220,000 |
|
Electric Power Engineers |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
12/15/2031 |
|
Construction & Building |
|
|
96,774 |
|
|
|
96,774 |
|
Associated Springs |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
4/4/2030 |
|
Capital Equipment |
|
|
94,406 |
|
|
|
94,406 |
|
FMG Suite |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
9/9/2032 |
|
Services: Consumer |
|
|
94,340 |
|
|
|
— |
|
Americhem |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
3/1/2032 |
|
Chemicals, Plastics & Rubber |
|
|
90,909 |
|
|
|
— |
|
AI Fire & Safety |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
2/2/2032 |
|
Services: Business |
|
|
89,820 |
|
|
|
— |
|
Frazier & Deeter |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
5/2/2031 |
|
Banking, Finance, Insurance & Real Estate |
|
|
88,235 |
|
|
|
— |
|
Inhabit |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
1/12/2032 |
|
High Tech Industries |
|
|
87,715 |
|
|
|
— |
|
Frazier & Deeter |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
5/3/2032 |
|
Banking, Finance, Insurance & Real Estate |
|
|
86,765 |
|
|
|
— |
|
Pegasus |
|
Senior Secured Amendment No. 1 Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
1/19/2031 |
|
Capital Equipment |
|
|
85,789 |
|
|
|
— |
|
Nvision |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
12/31/2028 |
|
Healthcare & Pharmaceuticals |
|
|
85,071 |
|
|
|
146,674 |
|
R. F. Fager |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
3/4/2030 |
|
Services: Consumer |
|
|
83,515 |
|
|
|
— |
|
AGS Health |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
8/2/2032 |
|
Healthcare & Pharmaceuticals |
|
|
83,340 |
|
|
|
— |
|
Avalon |
|
Senior Secured Revolving Credit |
|
S+ |
|
4.50% |
|
8.15% |
|
12/31/2031 |
|
Healthcare & Pharmaceuticals |
|
|
83,333 |
|
|
|
— |
|
insightsoftware |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.25% |
|
8.90% |
|
5/25/2028 |
|
High Tech Industries |
|
|
82,451 |
|
|
|
130,952 |
|
Industrial Electric Manufacturing |
|
Senior Secured Amendment No. 1 DDTL Facility |
|
S+ |
|
4.50% |
|
8.15% |
|
12/3/2031 |
|
Capital Equipment |
|
|
81,226 |
|
|
|
— |
|
RailPros |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.25% |
|
7.90% |
|
5/24/2032 |
|
Construction & Building |
|
|
80,666 |
|
|
|
— |
|
Aptive Environmental |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
10/15/2032 |
|
Services: Consumer |
|
|
77,519 |
|
|
|
— |
|
Discovery Education |
|
Senior Secured Revolving Credit Loan (First Lien) |
|
S+ |
|
5.75% |
|
9.40% |
|
4/9/2029 |
|
Services: Business |
|
|
76,923 |
|
|
|
59,829 |
|
AIA Contract |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
7/2/2031 |
|
Services: Business |
|
|
75,758 |
|
|
|
— |
|
Carlisle Foodservice |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
10/2/2029 |
|
Wholesale |
|
|
75,204 |
|
|
|
161,152 |
|
Health Management Associates |
|
Senior Secured Revolving Loan |
|
S+ |
|
6.25% |
|
9.90% |
|
3/30/2029 |
|
Services: Business |
|
|
71,048 |
|
|
|
37,300 |
|
Blue Cloud 2025 |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
1/21/2031 |
|
Healthcare & Pharmaceuticals |
|
|
68,182 |
|
|
|
— |
|
Radwell |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
4/1/2029 |
|
Capital Equipment |
|
|
66,665 |
|
|
|
63,999 |
|
Alliance Environmental Group |
|
Senior Secured Priority Revolving Loan |
|
S+ |
|
2.50% |
|
6.15% |
|
12/30/2028 |
|
Environmental Industries |
|
|
66,225 |
|
|
|
— |
|
Options IT |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
3/31/2031 |
|
High Tech Industries |
|
|
65,225 |
|
|
|
78,628 |
|
Lexitas |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
4/15/2031 |
|
Services: Business |
|
|
57,274 |
|
|
|
— |
|
FMG Suite |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
9/9/2032 |
|
Services: Consumer |
|
|
56,604 |
|
|
|
— |
|
Argano |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
9/13/2029 |
|
Services: Business |
|
|
55,647 |
|
|
|
55,647 |
|
Aurora Energy Research |
|
Senior Secured Original Revolving Facility Notes |
|
S+ |
|
5.00% |
|
8.65% |
|
9/8/2032 |
|
Services: Business |
|
|
55,556 |
|
|
|
— |
|
MB2 Dental |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
2/13/2031 |
|
Healthcare & Pharmaceuticals |
|
|
54,813 |
|
|
|
66,845 |
|
Encore |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
12/5/2029 |
|
Hotels, Gaming & Leisure |
|
|
54,709 |
|
|
|
54,709 |
|
AGS Health |
|
Senior Secured Tranche A Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
8/2/2032 |
|
Healthcare & Pharmaceuticals |
|
|
53,040 |
|
|
|
— |
|
Keter Environmental Services |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.25% |
|
7.90% |
|
10/29/2027 |
|
Environmental Industries |
|
|
49,096 |
|
|
|
58,140 |
|
R. F. Fager |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
3/4/2030 |
|
Services: Consumer |
|
|
49,033 |
|
|
|
— |
|
S&P Engineering Solutions |
|
Senior Secured 2024 Converted Revolving Credit Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
5/2/2029 |
|
Services: Business |
|
|
49,020 |
|
|
|
49,020 |
|
Trace3 |
|
Senior Secured Delayed Draw Term B Loan |
|
S+ |
|
4.00% |
|
7.65% |
|
10/29/2032 |
|
Services: Business |
|
|
47,619 |
|
|
|
— |
|
Industrial Physics |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
6.25% |
|
9.90% |
|
7/19/2028 |
|
Containers, Packaging & Glass |
|
|
47,414 |
|
|
|
107,759 |
|
Specialized Dental |
|
Senior Secured Fifth Amendment Revolver |
|
S+ |
|
4.75% |
|
8.40% |
|
11/1/2027 |
|
Healthcare & Pharmaceuticals |
|
|
46,729 |
|
|
|
— |
|
Vessco |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
11/3/2032 |
|
Utilities: Water |
|
|
42,308 |
|
|
|
— |
|
Ohio Transmission |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
5.75% |
|
9.40% |
|
12/19/2030 |
|
Capital Equipment |
|
|
40,329 |
|
|
|
— |
|
Nvision |
|
Senior Secured First Amendment Delayed Draw Term Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
12/31/2028 |
|
Healthcare & Pharmaceuticals |
|
|
34,665 |
|
|
|
— |
|
LightBox |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.25% |
|
8.90% |
|
1/13/2030 |
|
High Tech Industries |
|
|
32,960 |
|
|
|
— |
|
Vensure |
|
Senior Secured Initial Delayed Draw Term Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
9/27/2031 |
|
Services: Business |
|
|
31,253 |
|
|
|
— |
|
AGS Health |
|
Senior Secured Tranche A Revolving Credit Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
8/2/2032 |
|
Healthcare & Pharmaceuticals |
|
|
30,300 |
|
|
|
— |
|
Ascend |
|
Senior Secured Closing Date Delayed Draw Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
8/11/2031 |
|
Services: Business |
|
|
25,773 |
|
|
|
— |
|
Mitratech |
|
Senior Secured Delayed Draw Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
12/2/2031 |
|
Services: Business |
|
|
22,936 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment |
|
Investment Type |
|
Index (^) |
|
Spread |
|
Interest Rate |
|
Maturity |
|
Industry |
|
December 31, 2025 |
|
|
December 31, 2024 |
|
Ohio Transmission |
|
Senior Secured Initial Revolving Loan |
|
S+ |
|
5.75% |
|
9.40% |
|
12/19/2029 |
|
Capital Equipment |
|
|
20,800 |
|
|
|
52,000 |
|
Mitratech |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
12/2/2031 |
|
Services: Business |
|
|
18,349 |
|
|
|
— |
|
United Comfort Group (fka United Air Temp) |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
3/28/2030 |
|
Services: Consumer |
|
|
14,756 |
|
|
|
147,559 |
|
FLS Transportation |
|
Senior Secured Revolving Credit Loan |
|
S+ |
|
5.25% |
|
8.90% |
|
12/17/2027 |
|
Transportation: Cargo |
|
|
1,111 |
|
|
|
44,444 |
|
EyeSouth Partners |
|
Unitranche Amendment No.2 Term Loan (First Lien) |
|
S+ |
|
5.50% |
|
9.15% |
|
10/5/2029 |
|
Healthcare & Pharmaceuticals |
|
|
— |
|
|
|
2,474,573 |
|
Paradigm Oral Health |
|
Senior Secured Initial Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
11/16/2028 |
|
Healthcare & Pharmaceuticals |
|
|
— |
|
|
|
2,022,857 |
|
Midwest Eye Services |
|
Senior Secured Initial Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
8/20/2027 |
|
Healthcare & Pharmaceuticals |
|
|
— |
|
|
|
2,000,000 |
|
Prime Pensions |
|
Unitranche Initial Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
2/26/2030 |
|
Banking, Finance, Insurance & Real Estate |
|
|
— |
|
|
|
1,668,571 |
|
Miller Environmental |
|
Senior Secured Initial Term Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
9/10/2031 |
|
Environmental Industries |
|
|
— |
|
|
|
1,184,211 |
|
United Comfort Group (fka United Air Temp) |
|
Unitranche Initial Term Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
3/28/2030 |
|
Services: Consumer |
|
|
— |
|
|
|
1,053,994 |
|
U.S. Foot and Ankle Specialists |
|
Senior Secured Term Loan |
|
S+ |
|
5.75% |
|
9.40% |
|
9/15/2026 |
|
Healthcare & Pharmaceuticals |
|
|
— |
|
|
|
976,875 |
|
Legacy Service Partners |
|
Unitranche Closing Date Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
11/10/2031 |
|
Services: Consumer |
|
|
— |
|
|
|
951,200 |
|
Sequel Ortho (fka OrthoNebraska) |
|
Unitranche Initial Term Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
7/31/2028 |
|
Healthcare & Pharmaceuticals |
|
|
— |
|
|
|
914,913 |
|
Ascend |
|
Senior Secured Initial Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
8/11/2031 |
|
Services: Business |
|
|
— |
|
|
|
859,107 |
|
Nvision |
|
Senior Secured Fourth Amendment Incremental Term Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
12/31/2028 |
|
Healthcare & Pharmaceuticals |
|
|
— |
|
|
|
817,121 |
|
Steward Partners |
|
Senior Secured Closing Date Term B Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
10/14/2028 |
|
Banking, Finance, Insurance & Real Estate |
|
|
— |
|
|
|
798,667 |
|
Kenco |
|
Senior Secured Initial Term Loan |
|
S+ |
|
4.25% |
|
7.90% |
|
11/15/2029 |
|
Transportation: Cargo |
|
|
— |
|
|
|
764,701 |
|
Rover |
|
Senior Secured Initial Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
2/27/2031 |
|
Services: Consumer |
|
|
— |
|
|
|
750,000 |
|
Cook & Boardman |
|
Senior Secured Amendment No. 2 Incremental DDTL |
|
S+ |
|
6.00% |
|
9.65% |
|
3/4/2030 |
|
Construction & Building |
|
|
— |
|
|
|
736,364 |
|
Trystar |
|
Senior Secured Initial Term Loan |
|
S+ |
|
4.25% |
|
7.90% |
|
8/6/2031 |
|
Capital Equipment |
|
|
— |
|
|
|
537,382 |
|
Amplix |
|
Unitranche First Amendment Term Loan |
|
S+ |
|
5.25% |
|
8.90% |
|
10/18/2029 |
|
Services: Business |
|
|
— |
|
|
|
491,453 |
|
EPIC Insurance |
|
Unitranche Refinancing Tranche B Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
9/29/2028 |
|
Banking, Finance, Insurance & Real Estate |
|
|
— |
|
|
|
436,057 |
|
GME Supply |
|
Unitranche Initial Term Loan |
|
S+ |
|
6.25% |
|
9.90% |
|
7/6/2029 |
|
Wholesale |
|
|
— |
|
|
|
420,682 |
|
Kept Companies |
|
Senior Secured Term Loan |
|
S+ |
|
5.25% |
|
8.90% |
|
4/30/2029 |
|
Services: Business |
|
|
— |
|
|
|
416,333 |
|
GME Supply |
|
Senior Secured Revolving Loan |
|
S+ |
|
6.25% |
|
9.90% |
|
7/6/2029 |
|
Wholesale |
|
|
— |
|
|
|
414,920 |
|
PlayPower |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.25% |
|
8.90% |
|
8/28/2030 |
|
Construction & Building |
|
|
— |
|
|
|
384,547 |
|
Associated Springs |
|
Senior Secured Amendment No. 1 Incremental Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
4/4/2030 |
|
Capital Equipment |
|
|
— |
|
|
|
378,788 |
|
Apex Service Partners |
|
Unitranche 2024 Term Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
10/24/2030 |
|
Services: Consumer |
|
|
— |
|
|
|
355,292 |
|
Vensure |
|
Senior Secured Initial Term Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
9/27/2031 |
|
Services: Business |
|
|
— |
|
|
|
343,882 |
|
Argano |
|
Senior Secured Initial Term Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
9/13/2029 |
|
Services: Business |
|
|
— |
|
|
|
327,273 |
|
MB2 Dental |
|
Unitranche Initial Term Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
2/13/2031 |
|
Healthcare & Pharmaceuticals |
|
|
— |
|
|
|
266,043 |
|
Options IT |
|
Senior Secured Initial Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
9/30/2031 |
|
High Tech Industries |
|
|
— |
|
|
|
256,410 |
|
Electric Power Engineers |
|
Senior Secured Term Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
12/15/2031 |
|
Construction & Building |
|
|
— |
|
|
|
238,095 |
|
Aprio |
|
Senior Secured Initial Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
8/1/2031 |
|
Services: Business |
|
|
— |
|
|
|
234,128 |
|
Shaw |
|
Senior Secured Closing Date Term Loan (First Lien) |
|
S+ |
|
6.00% |
|
9.65% |
|
10/30/2029 |
|
Capital Equipment |
|
|
— |
|
|
|
212,766 |
|
Liberty Group |
|
Unitranche Initial Term Loan |
|
S+ |
|
5.75% |
|
9.40% |
|
6/15/2028 |
|
Services: Business |
|
|
— |
|
|
|
204,545 |
|
Solis Mammography |
|
Senior Secured 2024 Incremental Term Loan (First Lien) |
|
S+ |
|
4.50% |
|
8.15% |
|
4/17/2028 |
|
Healthcare & Pharmaceuticals |
|
|
— |
|
|
|
200,000 |
|
A1 Garage Door |
|
Unitranche Term Loan A |
|
S+ |
|
4.50% |
|
8.15% |
|
12/22/2028 |
|
Construction & Building |
|
|
— |
|
|
|
166,970 |
|
AmSpec |
|
Senior Secured Revolving Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
12/5/2029 |
|
Energy: Oil & Gas |
|
|
— |
|
|
|
145,363 |
|
Industrial Physics |
|
Senior Secured Initial Term Loan |
|
S+ |
|
6.25% |
|
9.90% |
|
7/19/2029 |
|
Containers, Packaging & Glass |
|
|
— |
|
|
|
142,857 |
|
Ned Stevens 2022-2 |
|
Senior Secured 2023 Incremental Delayed Draw Term Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
11/1/2029 |
|
Services: Consumer |
|
|
— |
|
|
|
135,303 |
|
insightsoftware |
|
Unitranche Initial Term Loan |
|
S+ |
|
5.25% |
|
8.90% |
|
5/25/2028 |
|
High Tech Industries |
|
|
— |
|
|
|
128,333 |
|
Heartland |
|
Senior Secured Initial Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
12/12/2029 |
|
Services: Business |
|
|
— |
|
|
|
126,346 |
|
Cherry Bekaert |
|
Unitranche Term B Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
6/28/2030 |
|
Banking, Finance, Insurance & Real Estate |
|
|
— |
|
|
|
106,110 |
|
USALCO |
|
Senior Secured 2025 Initial Term Loan |
|
S+ |
|
3.50% |
|
7.15% |
|
9/30/2031 |
|
Chemicals, Plastics & Rubber |
|
|
— |
|
|
|
103,030 |
|
Health Management Associates |
|
Senior Secured Term Loan A |
|
S+ |
|
6.25% |
|
9.90% |
|
3/30/2029 |
|
Services: Business |
|
|
— |
|
|
|
88,810 |
|
Pegasus |
|
Senior Secured Initial Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
1/19/2031 |
|
Capital Equipment |
|
|
— |
|
|
|
85,789 |
|
Applied Adhesives |
|
Senior Secured Revolving Loan |
|
S+ |
|
4.50% |
|
8.15% |
|
3/12/2027 |
|
Containers, Packaging & Glass |
|
|
— |
|
|
|
71,111 |
|
Ohio Transmission |
|
Unitranche Initial Term Loan |
|
S+ |
|
5.75% |
|
9.40% |
|
12/19/2030 |
|
Capital Equipment |
|
|
— |
|
|
|
63,487 |
|
Carlisle Foodservice |
|
Senior Secured Initial Term Loan |
|
S+ |
|
5.00% |
|
8.65% |
|
10/2/2030 |
|
Wholesale |
|
|
— |
|
|
|
52,551 |
|
Terra Millennium |
|
Senior Secured Initial Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
11/1/2030 |
|
Construction & Building |
|
|
— |
|
|
|
45,455 |
|
Nvision |
|
Senior Secured 2024 Initial Term Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
12/31/2028 |
|
Healthcare & Pharmaceuticals |
|
|
— |
|
|
|
34,665 |
|
Radwell |
|
Unitranche Initial Term Loan |
|
S+ |
|
5.50% |
|
9.15% |
|
4/1/2029 |
|
Capital Equipment |
|
|
— |
|
|
|
33,333 |
|
Aptean |
|
Unitranche Initial Term Loan |
|
S+ |
|
4.75% |
|
8.40% |
|
1/30/2031 |
|
High Tech Industries |
|
|
— |
|
|
|
25,301 |
|
BlueHalo |
|
Senior Secured Revolving Loan |
|
S+ |
|
6.00% |
|
9.65% |
|
10/31/2025 |
|
Aerospace & Defense |
|
|
— |
|
|
|
11,679 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
35,365,597 |
|
|
$ |
37,896,006 |
|
Unfunded commitments represent all amounts unfunded as of December 31, 2025 and 2024. These amounts may or may not be funded to the borrowing party now or in the future.
|