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v3.23.1

BORROWINGS (Tables) | 12 Months Ended
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Mar. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Borrowings Outstanding | The Company had the following borrowings outstanding as of March 31, 2023 and March 31, 2022 (amounts in thousands):
March 31, 2023 | Outstanding Balance |  | Unamortized Debt Issuance Costs and Debt Discount/Premium(1) |  | Recorded Value
SBA Debentures | $ | 120,000 |  |  | $ | (3,670) |  |  | $ | 116,330 |
Credit Facility | 235,000 |  |  | — |  |  | 235,000 |
January 2026 Notes | 140,000 |  |  | (949) |  |  | 139,051 |
October 2026 Notes | 150,000 |  |  | (2,737) |  |  | 147,263 |
| $ | 645,000 |  |  | $ | (7,356) |  |  | $ | 637,644 |
March 31, 2022 |  |  |  |  |
SBA Debentures | $ | 40,000 |  |  | $ | (1,648) |  |  | $ | 38,352 |
Credit Facility | 205,000 |  |  | — |  |  | 205,000 |
January 2026 Notes | 140,000 |  |  | (1,286) |  |  | 138,714 |
October 2026 Notes | 150,000 |  |  | (3,478) |  |  | 146,522 |
| $ | 535,000 |  |  | $ | (6,412) |  |  | $ | 528,588 |
(1)The unamortized debt issuance costs for the Credit Facility are reflected as Debt issuance costs on the Consolidated Statements of Assets and Liabilities.
Schedule of Issued and Outstanding SBA Debentures | As of March 31, 2023, the Company's issued and outstanding SBA Debentures mature as follows (amounts in thousands):
Pooling Date (1) |  | Maturity Date |  | Fixed Interest Rate |  | March 31, 2023
9/22/2021 |  | 9/1/2031 |  | 1.575% |  | $ | 15,000 |
3/23/2022 |  | 3/1/2032 |  | 3.209% |  | 25,000 |
9/21/2022 |  | 9/1/2032 |  | 4.435% |  | 40,000 |
3/22/2023 |  | 3/1/2033 |  | 5.215% |  | 40,000 |
|  |  |  |  |  | $ | 120,000 |
(1)The SBA has two scheduled pooling dates for SBA Debentures (in March and in September). Certain SBA Debentures funded during the reporting periods may not be pooled until the subsequent pooling date.
Summary of Contractual Payment Obligations | A summary of the Company's contractual payment obligations for the repayment of outstanding indebtedness at March 31, 2023 is as follows:
| Years Ending March 31, |  |  |  |
| 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Thereafter |  | Total
SBA Debentures | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 120,000 |  |  | $ | 120,000 |
Credit Facility | — |  |  | — |  |  | — |  |  | 235,000 |  |  | — |  |  | — |  |  | 235,000 |
January 2026 Notes | — |  |  | — |  |  | 140,000 |  |  | — |  |  | — |  |  | — |  |  | 140,000 |
October 2026 Notes | — |  |  | — |  |  | — |  |  | 150,000 |  |  | — |  |  | — |  |  | 150,000 |
Total | $ | — |  |  | $ | — |  |  | $ | 140,000 |  |  | $ | 385,000 |  |  | $ | — |  |  | $ | 120,000 |  |  | $ | 645,000 |

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