| Schedule of Derivative Instruments |
The following tables present the aggregate notional amount and fair value hierarchy of the Company’s derivative financial instruments as of June 30, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Level 1 | | Level 2 | | Level 3 | | Total Fair Value | | Notional | | Derivative Assets | | | | | | | | | | | Foreign currency forward contracts | $ | — | | | $ | 19,176 | | | $ | — | | | $ | 19,176 | | | $ | 2,497,894 | | | Interest rate swaps | — | | | 15,791 | | | — | | | 15,791 | | | 2,838,000 | | | Total Derivative assets at fair value | $ | — | | | $ | 34,967 | | | $ | — | | | $ | 34,967 | | | $ | 5,335,894 | | | Cash collateral received | | | | | | | $ | — | | | | | | | | | | | | | | | Derivative Liabilities | | | | | | | | | | | Foreign currency forward contracts | $ | — | | | $ | (210) | | | $ | — | | | $ | (210) | | | $ | 780,382 | | | Interest rate swaps | — | | | (112,659) | | | — | | | (112,659) | | | 9,485,000 | | | Total Derivative liabilities at fair value | $ | — | | | $ | (112,869) | | | $ | — | | | $ | (112,869) | | | $ | 10,265,382 | | | Cash collateral posted | | | | | | | $ | 437,279 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Level 1 | | Level 2 | | Level 3 | | Total Fair Value | | Notional | | Derivative Assets | | | | | | | | | | | Foreign currency forward contracts | $ | — | | | $ | 4,320 | | | $ | — | | | $ | 4,320 | | | $ | 1,425,306 | | | Interest rate swaps | — | | | 98,219 | | | — | | | 98,219 | | | 5,500,000 | | | Total Derivative assets at fair value | $ | — | | | $ | 102,539 | | | $ | — | | | $ | 102,539 | | | $ | 6,925,306 | | | Cash collateral received | | | | | | | $ | — | | | | | | | | | | | | | | | Derivative Liabilities | | | | | | | | | | | Foreign currency forward contracts | $ | — | | | $ | (8,372) | | | $ | — | | | $ | (8,372) | | | $ | 1,463,358 | | | Interest rate swaps | — | | | (28,124) | | | — | | | (28,124) | | | 3,921,988 | | | Total Derivative liabilities at fair value | $ | — | | | $ | (36,496) | | | $ | — | | | $ | (36,496) | | | $ | 5,385,346 | | | Cash collateral posted | | | | | | | $ | 277,152 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Unrealized appreciation (depreciation) | | | | | | | | | Foreign currency forward contracts | $ | (21,754) | | | $ | (48,560) | | | $ | 23,018 | | | $ | (61,350) | | | Net change in unrealized appreciation (depreciation) | $ | (21,754) | | | $ | (48,560) | | | $ | 23,018 | | | $ | (61,350) | | | Realized gain (loss) | | | | | | | | | Foreign currency forward contracts | $ | 59,611 | | | $ | (139,450) | | | $ | 79,216 | | | $ | (158,862) | | | | | | | | | | | Net realized gain (loss) | $ | 59,611 | | | $ | (139,450) | | | $ | 79,216 | | | $ | (158,862) | |
For derivative instruments designated in qualifying hedge relationships, the change in fair value of the hedging instrument and hedged item is recorded in Interest expense and recognized as components of Interest expense in the Condensed Consolidated Statements of Operations. | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Interest rate swaps | $ | (112,538) | | | $ | 62,716 | | | $ | (166,963) | | | $ | 189,808 | | | Hedged items | 111,347 | | | (61,414) | | | 165,802 | | | (186,589) | |
The table below presents the carrying value of unsecured borrowings as of June 30, 2026 and December 31, 2025 that are designated in a qualifying hedging relationship and the related cumulative hedging adjustment (increase/(decrease)) from current and prior hedging relationships included in such carrying values: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Description | | Carrying Value | | Cumulative Hedging Adjustments | | Carrying Value | | Cumulative Hedging Adjustments | | Unsecured notes | | $ | 12,058,302 | | | $ | (96,789) | | | $ | 9,165,585 | | | $ | 69,653 | |
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