v3.26.1
Financing Arrangements (Tables)
 6 Months Ended
Jun. 30, 2026
Investment Company [Abstract]  
Schedule of Outstanding Financing Arrangements and Interest Expense
The following tables present summary information with respect to the Company’s outstanding financing arrangements as of June 30, 2026 and December 31, 2025. For additional information regarding these financing arrangements, see the notes to the Company’s audited consolidated financial statements contained in its annual report on Form 10-K for the year ended December 31, 2025. See Note 9 to the financial statements included in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 for a description of amendments or other changes to the financing arrangements during the three months ended March 31, 2026. Any significant changes to the Company’s financing arrangements during the three months ended June 30, 2026 are discussed below.
As of June 30, 2026 (Unaudited)
ArrangementType of ArrangementRateAmount
Outstanding		Amount
Available		Maturity Date
Senior Secured Revolving Credit Facility(1)
Revolving Credit Facility
SOFR+2.25%(2)
$219,989 
(3)
$530,011 May 28, 2031
K-FIT AB-1 Credit Facility(1)
Revolving Credit Facility
SOFR+1.85%(2)
456,250 43,750 October 16, 2030
K-FIT CO-1 Credit Facility(1)
Revolving Credit Facility
SOFR+1.85%(2)
342,250 57,750 March 4, 2030
Total$1,018,489 $631,511 
________________
(1)The carrying amount outstanding under the facility approximates its fair value.
(2)The benchmark rate is subject to a 0% floor.
(3)Amount includes borrowings in Euros and British pounds. Euro balance outstanding of €73,250 has been converted to U.S. dollars at an exchange rate of €1.00 to $1.14 as of June 30, 2026. British pound balance outstanding of £84,000 has been converted to U.S. dollars at an exchange rate of £1.00 to $1.33 as of June 30, 2026 to reflect total amount outstanding in U.S. dollars.
As of December 31, 2025
ArrangementType of ArrangementRateAmount
Outstanding		Amount
Available		Maturity Date
Senior Secured Revolving Credit Facility(1)
Revolving Credit Facility
SOFR+2.125%(2)
$390,708 
(3)
$129,292 July 19, 2028
K-FIT AB-1 Credit Facility(1)
Revolving Credit Facility
SOFR+1.85%(2)
427,000 73,000 October 16, 2030
K-FIT CO-1 Credit Facility(1)
Revolving Credit Facility
SOFR+1.85%(2)
316,500 83,500 March 4, 2030
Total$1,134,208 $285,792 
________________
(1)The carrying amount outstanding under the facility approximates its fair value.
(2)The benchmark rate is subject to a 0% floor.
(3)Amount includes borrowings in Euros and British pounds. Euro balance outstanding of €80,600 has been converted to U.S. dollars at an exchange rate of €1.00 to $1.17 as of December 31, 2025. British pound balance outstanding of £71,500 has been converted to U.S. dollars at an exchange rate of £1.00 to $1.34 as of December 31, 2025 to reflect total amount outstanding in U.S. dollars.
For the six months ended June 30, 2026 and 2025, the components of total interest expense for the Company’s financing arrangements were as follows:
Six Months Ended June 30,
2026
2025
Arrangement(1)
Direct Interest Expense(2)
Amortization of Deferred Financing CostsTotal Interest Expense
Direct Interest Expense(2)
Amortization of Deferred Financing CostsTotal Interest Expense
Senior Secured Revolving Credit Facility$9,517 $528 $10,045 $2,590 $244 $2,834 
K-FIT AB-1 Credit Facility12,574 497 13,071 7,710 374 8,084 
K-FIT CO-1 Credit Facility9,527 379 9,906 2,700 137 2,837 
Total$31,618 $1,404 $33,022 $13,000 $755 $13,755 
________________
(1)Borrowings of each of the Company’s wholly-owned, special-purpose financing subsidiaries are considered borrowings of the Company for purposes of complying with the asset coverage requirements applicable to BDCs under the 1940 Act.
(2)Direct interest expense includes the effect of non-usage fees.