| Schedule of Debt Obligations |
The tables below present debt obligations as of the following periods: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of June 30, 2026 | | | Aggregate Principal Committed | | Outstanding Principal | | Unused Portion(1) | | Amount Available(2) | | Unamortized Debt Issuance Costs | | Net Carrying Value | Revolving Credit Facility(3) | | $ | 1,050,000 | | | $ | 443,865 | | | $ | 606,135 | | | $ | 525,428 | | | $ | (6,734) | | | $ | 437,131 | | | SPV Asset Facility I | | 750,000 | | | 429,000 | | | 321,000 | | | 62,874 | | | (4,797) | | | 424,203 | | | SPV Asset Facility II | | 500,000 | | | 225,250 | | | 274,750 | | | 33,650 | | | (3,124) | | | 222,126 | | | SPV Asset Facility III | | 550,000 | | | 350,000 | | | 200,000 | | | 30,610 | | | (6,605) | | | 343,395 | | | SPV Asset Facility IV | | 750,000 | | | 441,500 | | | 308,500 | | | 128,150 | | | (4,655) | | | 436,845 | | | Athena CLO III | | 270,000 | | | 270,000 | | | — | | | — | | | (2,052) | | | 267,948 | | | | | | | | | | | | | | | | Series 2023B-A Notes | | 100,000 | | | 100,000 | | | — | | | — | | | (462) | | | 99,538 | | | Series 2023B-B Notes | | 75,000 | | | 75,000 | | | — | | | — | | | (154) | | | 74,846 | | | Total Debt | | $ | 4,045,000 | | | $ | 2,334,615 | | | $ | 1,710,385 | | | $ | 780,712 | | | $ | (28,583) | | | $ | 2,306,032 | |
_______________(1)The unused portion is the amount upon which commitment fees, if any, are based. (2)The amount available reflects any limitations related to each credit facility’s borrowing base. (3)As of June 30, 2026, the Company’s Revolving Credit Facility borrowing base value was $944.2 million excluding cash. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2025 | | | Aggregate Principal Committed | | Outstanding Principal | | Unused Portion(1) | | Amount Available(2) | | Unamortized Debt Issuance Costs | | Net Carrying Value | Revolving Credit Facility(3) | | $ | 1,050,000 | | | $ | 294,565 | | | $ | 755,435 | | | $ | 755,435 | | | $ | (7,735) | | | $ | 286,830 | | | SPV Asset Facility I | | 750,000 | | | 497,000 | | | 253,000 | | | 66,742 | | | (5,626) | | | 491,374 | | | SPV Asset Facility II | | 500,000 | | | 320,250 | | | 179,750 | | | 78,842 | | | (3,589) | | | 316,661 | | | SPV Asset Facility III | | 550,000 | | | 550,000 | | | — | | | — | | | (6,929) | | | 543,071 | | | SPV Asset Facility IV | | 750,000 | | | 629,500 | | | 120,500 | | | 53,978 | | | (5,840) | | | 623,660 | | | Athena CLO III | | 270,000 | | | 270,000 | | | — | | | — | | | (2,188) | | | 267,812 | | | Series 2023A Notes | | 100,000 | | | 100,000 | | | — | | | — | | | (207) | | | 99,793 | | | Series 2023B-A Notes | | 100,000 | | | 100,000 | | | — | | | — | | | (552) | | | 99,448 | | | Series 2023B-B Notes | | 75,000 | | | 75,000 | | | — | | | — | | | (293) | | | 74,707 | | | Total Debt | | $ | 4,145,000 | | | $ | 2,836,315 | | | $ | 1,308,685 | | | $ | 954,997 | | | $ | (32,959) | | | $ | 2,803,356 | |
_______________ (1)The unused portion is the amount upon which commitment fees, if any, are based. (2)The amount available reflects any limitations related to each credit facility’s borrowing base. (3)As of December 31, 2025, the Company’s Revolving Credit Facility borrowing base value was $1.09 billion excluding cash.
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| Schedule of Components of Interest Expense |
The table below presents the components of interest expense for the following periods: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | Interest expense | | $ | 39,141 | | | $ | 41,309 | | | $ | 83,881 | | | $ | 80,700 | | | | | Amortization of debt issuance costs | | 2,435 | | | 1,716 | | | 4,880 | | | 3,401 | | | | | Total Interest Expense | | $ | 41,576 | | | $ | 43,025 | | | $ | 88,761 | | | $ | 84,101 | | | | | | | | | | | | | | | Average interest rate(1) | | 6.5 | % | | 6.8 | % | | 6.4 | % | | 6.9 | % | | | Average daily borrowings(1) | | $ | 2,404,503 | | | $ | 2,433,091 | | | $ | 2,626,353 | | | $ | 2,356,060 | | | |
_______________(1) Averages are calculated based on annualized amounts.
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| Schedule of Maturity of Contractual Obligations |
The table below presents a summary of the Company’s contractual payment obligations under credit facilities and notes as of June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Payments Due by Period | | Total | | Less than 1 year | | 1-3 years | | 3-5 years | | After 5 years | | Revolving Credit Facility | $ | 443,865 | | | $ | — | | | $ | — | | | $ | 443,865 | | | $ | — | | | SPV Asset Facility I | 429,000 | | | — | | | 429,000 | | | — | | | — | | | SPV Asset Facility II | 225,250 | | | — | | | — | | | 225,250 | | | — | | | SPV Asset Facility III | 350,000 | | | — | | | — | | | — | | | 350,000 | | | SPV Asset Facility IV | 441,500 | | | — | | | — | | | — | | | 441,500 | | | Athena CLO III | 270,000 | | | — | | | — | | | — | | | 270,000 | | | | | | | | | | | | | Series 2023B-A Notes | 100,000 | | | — | | | 100,000 | | | — | | | — | | | Series 2023B-B Notes | 75,000 | | | 75,000 | | | — | | | — | | | — | | | Total Contractual Obligations | $ | 2,334,615 | | | $ | 75,000 | | | $ | 529,000 | | | $ | 669,115 | | | $ | 1,061,500 | |
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