v3.26.1
Subsequent Events
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
Subsequent Events

Note 19. Subsequent Events

The Company has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the consolidated financial statements were issued.

On April 15, 2026, revolving credit commitments to the Credit Facility were increased by $25,000 with the addition of a new lender. Total revolving commitments now total $720,000.

 

On May 4, 2026, the Board approved a Fourth Amended and Restated Investment Advisory and Management Agreement pursuant to which the performance-based incentive fee payable by the Company to our Investment Adviser was permanently reduced from 20% to 17.5%, beginning with the second quarter of 2026.

 

On May 5, 2026, the Board authorized an extension of a program for the purpose of repurchasing up to $50,000 of the
Company’s outstanding shares of common stock. Under the repurchase program, the Company may, but is not obligated to,
repurchase shares of the Company’s outstanding common stock in the open market from time to time provided that the Company
complies with the Company’s code of ethics and the guidelines specified in Rule 10b-18 of the 1934 Act, including certain price,
market volume and timing constraints. In addition, any repurchases will be conducted in accordance with the 1940 Act. Unless further
amended or extended by the Board, the Company expects the repurchase program to be in place until the earlier of May 5, 2027 or
until $
50,000 of the Company’s outstanding shares of common stock have been repurchased. The timing and number of additional
shares to be repurchased will depend on a number of factors, including market conditions. There are no assurances that the Company
will engage in any repurchases.

On May 5, 2026, the Board declared a quarterly distribution of $0.31 per share payable on June 26, 2026 to holders of record as of June 12, 2026.