v3.26.1
Consolidated Statements of Assets and Liabilities (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Investments, at fair value    
Non-controlled/non-affiliated investments (amortized cost of $2,833,404 and $2,767,878 at March 31, 2026 and December 31, 2025, respectively) $ 2,845,622 $ 2,783,476
Cash and cash equivalents (restricted cash of $70,719 and $61,386 at March 31, 2026 and December 31, 2025, respectively) 113,151 122,052
Derivative assets, at fair value 425 44
Receivable for investments sold 31,578 15,591
Interest receivable 14,702 18,393
Dividends receivable 2,872 1,321
Debt issuance costs 13,012 11,013
Other assets 25 25
Total Assets 3,021,387 2,951,915
Liabilities    
Revolving Credit Facilities 1,099,455 1,276,432
Debt Securitizations (net of debt issuance costs of $2,360 and $0 at March 31, 2026 and December 31, 2025, respectively) 269,640 0
Repurchase Obligations 64,363 127,369
Distributions payable 34,143 34,674
Payable for investments purchased 30,280 92,602
Interest payable 11,890 13,892
Derivative liabilities, at fair value 155 420
Management Fees payable 4,819 4,420
Due to affiliates 2,479 104
Preferred shareholders dividends payable 45 0
Board of Trustees' fees payable 69 72
Accrued expenses and other liabilities 3,835 2,106
Total Liabilities 1,521,173 1,552,091
Commitments and contingencies (Note 8)
Series A Preferred Shares, $0.001 par value; unlimited shares authorized; 500 shares issued and outstanding; liquidation preference of $3,000 per share 1,500 1,500
Components of Net Assets Applicable to Common Stock    
Common Shares, $0.001 par value; unlimited shares authorized; 54,629,158 and 51,369,200 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 54 51
Additional paid in capital 1,471,072 1,380,028
Distributable earnings 27,588 18,245
Total Net Assets Applicable to Common Shares 1,498,714 1,398,324
Total Liabilities, Series A Preferred Shares and Net Assets Applicable to Common Shares $ 3,021,387 $ 2,951,915
Net Asset Value Per Common Share [1] $ 27.43 $ 27.22
Investment, Unaffiliated Issuer [Member]    
Investments, at fair value    
Non-controlled/non-affiliated investments (amortized cost of $2,833,404 and $2,767,878 at March 31, 2026 and December 31, 2025, respectively) $ 2,845,622 [2],[3] $ 2,783,476 [4],[5]
[1] The per share data was derived by using the weighted average common shares outstanding during the period except for distributions declared to common shareholders which is based on actual rate per share.
[2] Fair value is determined by or under the direction of our Board of Trustees (the "Board" and the members thereof, each, a "Trustee" and collectively, the "Trustees"). Unless otherwise indicated by footnote 8 below, all of our investments are valued using significant unobservable inputs. In accordance with ASC Topic 820, Fair Value Measurement ("ASC Topic 820"), such investments are classified as Level 3 within the fair value hierarchy. See Note 5 within the accompanying notes to consolidated financial statements for further discussion.
[3] The terms “the Company” “we” “us” and “our” mean Diameter Credit Company unless the context specifically requires otherwise. The securities in which the Company has invested were acquired in transactions that were exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may therefore be deemed to be "restricted securities" under the Securities Act. These securities may be resold only in transactions that are exempt from registration under the Securities Act.
[4] Fair value is determined by or under the direction of our Board of Trustees (the “Board” and the members thereof, each, a “Trustee” and collectively, the “Trustees”). Unless otherwise indicated by footnote 8 below, all of our investments are valued using significant unobservable inputs. In accordance with ASC Topic 820, Fair Value Measurement (“ASC Topic 820”), such investments are classified as Level 3 within the fair value hierarchy. See Note 5 within the accompanying notes to consolidated financial statements for further discussion.
[5] The terms “the Company” “we” “us” and “our” mean Diameter Credit Company unless the context specifically requires otherwise. The securities in which the Company has invested were acquired in transactions that were exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may therefore be deemed to be "restricted securities" under the Securities Act. These securities may be resold only in transactions that are exempt from registration under the Securities Act. All equity investments are non-income producing unless otherwise noted.