| Summary of Payments Due by Period |
The following table provides the Company’s contractual obligations as of June 30, 2026 and December 31, 2025 (in thousands):
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Payments Due by Period (1) |
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Less than 1 Year |
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1-3 years |
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3-5 years |
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More than 5 Years |
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Total |
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As of June 30, 2026 |
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Borrowings (2) |
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Credit Facility |
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$ |
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- |
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$ |
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350,000 |
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$ |
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- |
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$ |
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- |
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$ |
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350,000 |
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2027 Notes |
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32,969 |
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40,250 |
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- |
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- |
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73,219 |
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2028 Notes |
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- |
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107,000 |
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- |
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- |
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107,000 |
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2029 Notes |
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- |
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- |
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50,000 |
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- |
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50,000 |
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2031 Notes |
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- |
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- |
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103,250 |
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- |
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103,250 |
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Total Borrowings |
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32,969 |
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497,250 |
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153,250 |
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- |
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683,469 |
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Deferred Incentive Fees |
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4,715 |
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3,242 |
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2,710 |
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84 |
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10,751 |
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Total |
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$ |
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37,684 |
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$ |
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500,492 |
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$ |
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155,960 |
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$ |
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84 |
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$ |
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694,220 |
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As of December 31, 2025 |
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Borrowings (2) |
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Credit Facility |
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$ |
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- |
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$ |
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- |
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$ |
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173,000 |
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$ |
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- |
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$ |
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173,000 |
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2026 Notes |
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25,000 |
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- |
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- |
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- |
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25,000 |
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2027 Notes |
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- |
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132,250 |
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- |
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- |
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132,250 |
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2028 Notes |
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- |
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107,000 |
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- |
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- |
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107,000 |
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Total Borrowings |
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25,000 |
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239,250 |
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173,000 |
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- |
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437,250 |
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Deferred Incentive Fees |
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4,197 |
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5,309 |
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2,659 |
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84 |
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12,249 |
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Foreign Currency Forward Contracts |
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(711 |
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- |
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- |
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- |
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(711 |
) |
Total |
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$ |
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28,486 |
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$ |
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244,559 |
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$ |
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175,659 |
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$ |
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84 |
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$ |
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448,788 |
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(1)Excludes interest payable on borrowings, accrued expenses, and commitments to extend credit to the Company’s portfolio companies. (2)Amounts represent future principal repayments and not the carrying value of each liability (refer to "Note 7 – Borrowings").
|
| Schedule of Unfunded Commitments to Extend Financing |
The Company's unfunded commitments to provide debt and equity financing to its portfolio companies and Runway-Cadma I LLC amounted to $146.7 million and $145.5 million as of June 30, 2026 and December 31, 2025, respectively, shown in the table below (in thousands):
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Portfolio Company |
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Investment Type |
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June 30, 2026 |
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December 31, 2025 |
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13Scents Inc. (dba Dossier) |
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Senior Secured Revolver |
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$ |
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1,823 |
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$ |
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- |
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Autobooks, Inc. |
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Senior Secured Term Loan |
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3,400 |
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10,400 |
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BlueConic Holding, Inc. (fka Blueshift Labs, Inc.) |
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Senior Secured Term Loan |
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- |
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150 |
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Bombora, Inc. |
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Senior Secured Term Loan |
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500 |
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500 |
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CarNow, Inc. |
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Senior Secured Term Loan |
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- |
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4,000 |
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Digicert, Inc. |
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Senior Secured Revolver |
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673 |
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|
673 |
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HR Pharmaceuticals, LLC |
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Senior Secured Term Loan |
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|
708 |
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- |
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HR Pharmaceuticals, LLC |
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Senior Secured Revolver |
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480 |
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- |
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Marley Spoon SE |
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Senior Secured Term Loan |
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- |
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5,756 |
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Marley Spoon SE |
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Senior Secured Revolver |
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- |
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4,851 |
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Marley Spoon SE |
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Subordinated Debt - Senior Tranche Term Loan |
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28,884 |
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- |
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Onward Medical, N.V. |
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Senior Secured Term Loan |
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38,982 |
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38,982 |
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Route 92 Medical, Inc. |
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Senior Secured Term Loan |
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- |
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20,000 |
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Runway-Cadma I LLC |
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Joint Venture |
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22,820 |
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22,718 |
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Shepherd Intermediate, LLC (dba FHAS) |
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Senior Secured Term Loan |
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1,042 |
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2,083 |
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Shepherd Intermediate, LLC (dba FHAS) |
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Senior Secured Revolver |
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417 |
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|
417 |
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Shield Therapeutics PLC |
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Senior Secured Term Loan |
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15,000 |
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18,000 |
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Snap! Mobile, Inc. |
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Senior Secured Term Loan |
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|
- |
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5,000 |
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Swing Education, Inc. |
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Senior Secured Term Loan |
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2,000 |
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|
2,000 |
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Swing Education, Inc. |
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Senior Secured Revolver |
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10,000 |
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10,000 |
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Under Technologies, Inc. (dba Rho) |
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Senior Secured Term Loan |
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20,000 |
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|
- |
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Total unused commitments to extend financing |
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$ |
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146,729 |
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$ |
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145,530 |
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