v3.26.1
Debt - Expenses Related to Debt (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Debt Disclosure [Abstract]        
Stated interest expense $ 7,388,520 $ 6,481,474 $ 15,288,365 $ 13,159,049
Unfunded fees 140,564 163,158 371,807 338,058
Amortization of deferred financing costs and debt issuance costs 491,492 398,745 973,252 828,071
Net change in unrealized appreciation (depreciation) on effectively hedged interest rate swaps and debt [1] (6,223) (20,570) (15,856) (50,360)
Total interest expense [2] $ 8,014,353 $ 7,022,807 $ 16,617,568 $ 14,274,818
Weighted average interest rate [3] 5.63% 6.12% 5.65% 6.32%
Average borrowings $ 570,525,000 $ 460,175,000 $ 593,285,714 $ 455,753,563
[1] Refer to “2026 Notes” for details on designated hedge relationship with the interest rate swaps.
[2] Interest expense includes the portion of the facility agent fee applicable to the drawn portion of the Revolving Credit Facility and the unfunded fee includes the portion of the facility agent fee applicable to the undrawn portion of the Revolving Credit Facility (see table above for details of the Fund’s borrowings).
[3] Annualized