| Outstanding Debt Obligations |
The Company’s outstanding debt obligations were as follows:
| | |
As of September 30, 2026 | |
| | |
Aggregate
Borrowing
Capacity | | |
Outstanding
Principal | | |
Less
Unamortized Deferred
Financing Costs | | |
Carrying Value per
Consolidated
Statement of Assets and
Liabilities | |
| BNP ABL Credit Facility | |
$ | 250,000 | | |
$ | 195,240 | | |
$ | 2,494 | | |
$ | 192,746 | |
| ING Revolving Credit Facility | |
| 125,000 | | |
| 73,229 | | |
| 1,446 | | |
| 71,783 | (1) |
| Total | |
$ | 375,000 | | |
$ | 268,469 | | |
$ | 3,940 | | |
$ | 264,529 | |
| (1) | Net of ($2) in unrealized depreciation related to foreign currency translations. |
The fair value of these debt obligations would be categorized as
Level 3 under ASC 820 as of September 30, 2026.
| | | As of December 31, 2025 | |
| | | Aggregate
Borrowing
Capacity | | | Outstanding
Principal | | | Less
Unamortized Deferred
Financing Costs | | | Carrying Value per
Consolidated
Statement of Assets and
Liabilities | |
| BNP ABL Credit Facility | | $ | 250,000 | | | $ | 113,200 | | | $ | 2,831 | | | $ | 110,369 | |
| ING Revolving Credit Facility | | | 125,000 | | | | 82,327 | | | | 1,691 | | | | 80,636 | (1) |
| Total | | $ | 375,000 | | | $ | 195,527 | | | $ | 4,522 | | | $ | 191,005 | |
| (1) | Net of ($28) in unrealized depreciation related to foreign currency translations. |
|
| Components of Interest Expense |
The fair value of these debt obligations would be categorized as
Level 3 under ASC 820 as of September 30, 2026.
| | |
For the three months
ended
September 30, 2026 | | |
For the three months
ended
September 30, 2025 | | |
For the nine months ended
September 30, 2026 | | |
For the nine months ended
September 30, 2025 | |
| Borrowing interest expense | |
$ | 3,515 | | |
$ | 2,186 | | |
$ | 9,200 | | |
$ | 4,774 | |
| Facility unused fee | |
| 75 | | |
| 229 | | |
| 421 | | |
| 326 | |
| Amortization of deferred financing costs | |
| 253 | | |
| 237 | | |
| 764 | | |
| 469 | |
| Total | |
$ | 3,843 | | |
$ | 2,652 | | |
$ | 10,385 | | |
$ | 5,569 | |
|
| Weighted Average Debt Outstanding and Interest Rate |
The following table summarizes the average debt outstanding and the
weighted average interest cost:
| | |
For the three months
ended
September 30, 2026 | | |
For the three months
ended
September 30, 2025 | | |
For the nine months ended
September 30, 2026 | | |
For the nine months ended
September 30, 2025 | |
| Weighted average interest rate (1) | |
| 5.92% | | |
| 6.42% | | |
| 5.83% | | |
| 6.53% | |
| Weighted average debt outstanding | |
$ | 238,307 | | |
$ | 136,503 | | |
$ | 211,790 | | |
$ | 98,115 | |
| (1) | Excludes facility unused fees and amortization of deferred financing costs. |
|