| Summary of the Fund's Outstanding Borrowings Through the Revolving Credit Facilities |
The Fund’s outstanding borrowings through the Credit Facilities as of June 30, 2026 were as follows:
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Aggregate
Borrowing
Amount
Committed |
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Outstanding
Borrowing |
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Amount
Available |
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Carrying
Value |
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Scotia Credit Facility |
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$ |
100,000,000 |
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$ |
12,000,000 |
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$ |
88,000,000 |
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$ |
12,000,000 |
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Scotia Term Loan |
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25,000,000 |
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25,000,000 |
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— |
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25,000,000 |
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ABPLF Credit Facility |
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110,000,000 |
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70,250,000 |
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39,750,000 |
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70,250,000 |
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ABPLF Term Loan |
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110,000,000 |
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110,000,000 |
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— |
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110,000,000 |
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Total |
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$ |
345,000,000 |
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$ |
217,250,000 |
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$ |
127,750,000 |
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$ |
217,250,000 |
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The Fund’s outstanding borrowings through the Credit Facilities as of December 31, 2025 were as follows:
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Aggregate
Borrowing
Amount
Committed |
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Outstanding
Borrowing |
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Amount
Available |
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Carrying
Value |
|
Scotia Credit Facility |
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$ |
100,000,000 |
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$ |
34,500,000 |
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$ |
65,500,000 |
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$ |
34,500,000 |
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Scotia Term Loan |
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25,000,000 |
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25,000,000 |
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— |
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25,000,000 |
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ABPLF Credit Facility |
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110,000,000 |
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12,000,000 |
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98,000,000 |
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12,000,000 |
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ABPLF Term Loan |
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110,000,000 |
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110,000,000 |
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— |
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110,000,000 |
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Total |
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$ |
345,000,000 |
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$ |
181,500,000 |
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$ |
163,500,000 |
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$ |
181,500,000 |
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| Summary of Components of Interest and Other Debt Expenses Related to the Borrowings were as Follows |
For the three and six months ended June 30, 2026 and 2025, the components of interest and other debt expenses related to the borrowings were as follows:
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For the
Three Months Ended
June 30, 2026 |
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For the
Three Months Ended
June 30, 2025 |
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For the
Six Months Ended
June 30, 2026 |
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For the
Six Months Ended
June 30, 2025 |
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Interest and borrowing expenses |
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$ |
3,038,178 |
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$ |
2,495,602 |
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$ |
5,736,551 |
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$ |
5,339,713 |
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Commitment fees |
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123,997 |
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185,195 |
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283,819 |
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336,573 |
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Amortization of debt issuance and deferred
financing costs |
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399,023 |
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374,008 |
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900,133 |
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724,038 |
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Total |
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$ |
3,561,198 |
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$ |
3,054,805 |
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$ |
6,920,503 |
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$ |
6,400,324 |
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Weighted average interest rate(1) (2) |
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5.64 |
% |
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6.44 |
% |
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5.70 |
% |
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6.61 |
% |
Average outstanding balance(2) |
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$ |
216,134,615 |
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$ |
155,508,242 |
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$ |
203,013,812 |
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$ |
163,004,144 |
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(1)Calculated as the annualized amount of the stated interest and borrowing expense divided by average borrowings for the period. (2)Calculated for the period from initial drawdowns of the Credit Facilities through June 30, 2026 and 2025, respectively.
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