Borrowings (Tables)

3 Months Ended

Mar. 31, 2026

The following table represents borrowings under the Secured Loan Facility as of March 31, 2026.


	Total Aggregate Borrowing Capacity		Total Principal Outstanding		Less Deferred Financing Costs		Amount per Consolidated Statements of Assets and Liabilities
Secured Loan Facility	$	445,000	$	333,882	$	2,548	$	331,334
Total	$	445,000	$	333,882	$	2,548	$	331,334

The following table represents borrowings under the Secured Loan Facility as of December 31, 2025.


	Total Aggregate Borrowing Capacity		Total Principal Outstanding		Less Deferred Financing Costs		Amount per Consolidated Statements of Assets and Liabilities
Secured Loan Facility	$	445,000	$	393,305	$	2,740	$	390,565
Total	$	445,000	$	393,305	$	2,740	$	390,565

The following table represents borrowings under the Credit Facility as of March 31, 2026.


	Total Aggregate Borrowing Capacity		Total Principal Outstanding		Less Deferred Financing Costs		Amount per Consolidated Statements of Assets and Liabilities
Credit Facility	$	150,000	$	101,000	$	556	$	100,444
Total	$	150,000	$	101,000	$	556	$	100,444

The following table represents borrowings under the Credit Facility as of December 31, 2025.


	Total Aggregate Borrowing Capacity		Total Principal Outstanding		Less Deferred Financing Costs		Amount per Consolidated Statements of Assets and Liabilities
Credit Facility	$	150,000	$	88,000	$	630	$	87,370
Total	$	150,000	$	88,000	$	630	$	87,370

Schedule Of Interest And Debt Fees

The following table represents interest and debt fees under the Secured Loan Facility for the three months ended March 31, 2026.


	Interest Rate(1)	Interest Expense		Deferred Financing Costs (2)		Other Fees (2)
Secured Loan Facility	SOFR + 2.20%	$	5,900	$	166	$	—
Total		$	5,900	$	166	$	—

(1)

As of March 31, 2026, the 1-month SOFR rate was 3.66%.

(2)

Amortization of deferred financing costs and other fees are included in "interest expense" on the Consolidated Statements of Operations.

The following table represents interest and debt fees under the Secured Loan Facility for the three months ended March 31, 2025.


	Interest Rate(1)	Interest Expense		Deferred Financing Costs (2)		Other Fees (2)
Secured Loan Facility	SOFR + 2.20%	$	3,159	$	150	$	—
Total		$	3,159	$	150	$	—

(1)

As of March 31, 2025, the 1-month SOFR rate was 4.32%.

(2)

Amortization of deferred financing costs and other fees are included in "interest expense" on the Consolidated Statements of Operations.

The following table represents interest and debt fees for the three months ended March 31, 2026.


	Interest Rate(1)	Interest Expense		Deferred Financing Costs (2)		Other Fees (2)
Credit Facility	SOFR + 2.00%	$	1,423	$	100	$	—
Total		$	1,423	$	100	$	—

(1)

As of March 31, 2026, the 1-month SOFR rate was 3.66%.

(2)

Amortization of deferred financing costs and other fees are included in "interest expense" on the Consolidated Statements of Operations.

The following table represents interest and debt fees under the Secured Borrowing Facility for the three months ended March 31, 2025.


	Interest Rate(1)	Interest Expense		Deferred Financing Costs (2)		Other Fees (2)
Secured Borrowing Facility	SOFR + 7.54%	$	789	$	—	$	—
Total		$	789	$	—	$	—

(1)

The effective interest rate reflects SOFR plus a weighted average spread across all secured borrowings. As of March 31, 2025, the 3-month SOFR rate was 4.29%.

(2)

Amortization of deferred financing costs and other fees are included in "interest expense" on the Consolidated Statements of Operations.