| Commitments and Contingencies |
Note 9. Commitments and Contingencies Off-Balance Sheet Arrangements The Company has unfunded debt and equity commitments to various revolving and delayed-draw term loans as well as to SLR Credit and SLR Healthcare (each as defined below). The total amount of these unfunded commitments as of September 30, 2025 and December 31, 2024 was $408,424 and $234,554, respectively, comprised of the following:
|
|
|
|
|
|
|
|
|
|
|
September 30,
2025 |
|
|
December 31,
2024 |
|
Cogent Biosciences, Inc. |
|
$ |
56,150 |
|
|
$ |
— |
|
SLR Credit Solutions* |
|
|
44,263 |
|
|
|
44,263 |
|
Ardelyx, Inc. |
|
|
29,272 |
|
|
|
6,648 |
|
Lyneer Staffing Solutions, LLC |
|
|
25,943 |
|
|
|
— |
|
OIS Management Services, LLC |
|
|
20,882 |
|
|
|
— |
|
Infillion Inc. |
|
|
20,712 |
|
|
|
— |
|
SLR Business Credit* |
|
|
20,000 |
|
|
|
8,000 |
|
SLR Healthcare ABL* |
|
|
15,200 |
|
|
|
10,000 |
|
Wilbur-Ellis Holdings II, LLC |
|
|
14,602 |
|
|
|
— |
|
Arcutis Biotherapeutics, Inc. |
|
|
12,658 |
|
|
|
12,658 |
|
BDG Media, Inc. |
|
|
11,661 |
|
|
|
11,751 |
|
Stella & Chewy's, LLC |
|
|
10,765 |
|
|
|
— |
|
SLR Equipment Finance* |
|
|
10,500 |
|
|
|
3,000 |
|
DeepIntent, Inc. |
|
|
10,358 |
|
|
|
7,254 |
|
WALCO Funding, LLC |
|
|
8,733 |
|
|
|
— |
|
Velocity One, LLC |
|
|
7,250 |
|
|
|
— |
|
United Digestive MSO Parent, LLC |
|
|
6,554 |
|
|
|
7,496 |
|
WMD Funding LLC |
|
|
6,368 |
|
|
|
7,243 |
|
Quantcast Corporation |
|
|
6,110 |
|
|
|
4,071 |
|
The Townsend Company, LLC |
|
|
5,568 |
|
|
|
7,923 |
|
Plastic Management, LLC |
|
|
5,397 |
|
|
|
10,806 |
|
Pinnacle Fertility, Inc. |
|
|
5,280 |
|
|
|
— |
|
33 Across Inc. |
|
|
4,848 |
|
|
|
4,226 |
|
Copper River Seafoods, Inc. |
|
|
4,547 |
|
|
|
6,912 |
|
One Touch Direct, LLC |
|
|
4,306 |
|
|
|
7,970 |
|
Sightly Enterprises, Inc. |
|
|
3,691 |
|
|
|
2,687 |
|
SPR Therapeutics, Inc. |
|
|
3,650 |
|
|
|
6,083 |
|
Streamland Media Holdings LLC |
|
|
3,285 |
|
|
|
— |
|
iCIMS, Inc. |
|
|
3,160 |
|
|
|
3,530 |
|
CVAUSA Management, LLC |
|
|
3,151 |
|
|
|
10,164 |
|
Southern Lifting and Hoisting, LLC |
|
|
3,064 |
|
|
|
— |
|
Sherwood Management Co., Inc. |
|
|
2,602 |
|
|
|
— |
|
Western Veterinary Partners LLC |
|
|
2,145 |
|
|
|
18,245 |
|
SLR Senior Lending Program LLC* |
|
|
2,125 |
|
|
|
2,125 |
|
Bayside Opco, LLC |
|
|
2,093 |
|
|
|
2,093 |
|
Southern Transport LLC |
|
|
2,092 |
|
|
|
— |
|
SunMed Group Holdings, LLC |
|
|
1,621 |
|
|
|
1,621 |
|
SPAR Marketing Force, Inc. |
|
|
1,600 |
|
|
|
5,449 |
|
EyeSouth Eye Care Holdco LLC |
|
|
1,279 |
|
|
|
1,279 |
|
Tilley Distribution, Inc. |
|
|
1,007 |
|
|
|
1,158 |
|
Urology Management Holdings, Inc. |
|
|
863 |
|
|
|
863 |
|
NS and Associates LLC |
|
|
727 |
|
|
|
— |
|
High Street Buyer, Inc. |
|
|
629 |
|
|
|
631 |
|
CC SAG Holdings Corp. (Spectrum Automotive) |
|
|
548 |
|
|
|
548 |
|
Omniguide Holdings, Inc. |
|
|
350 |
|
|
|
— |
|
TAUC Management, LLC |
|
|
294 |
|
|
|
294 |
|
Shoes for Crews Global, LLC |
|
|
284 |
|
|
|
284 |
|
All States Ag Parts, LLC |
|
|
237 |
|
|
|
331 |
|
Pasadena Private Lending Inc. |
|
|
— |
|
|
|
8,369 |
|
Foundation Consumer Brands, LLC |
|
|
— |
|
|
|
3,009 |
|
Erie Construction Mid-west, LLC |
|
|
— |
|
|
|
2,403 |
|
Kaseya, Inc. |
|
|
— |
|
|
|
1,917 |
|
RxSense Holdings LLC |
|
|
— |
|
|
|
1,250 |
|
Total Commitments |
|
$ |
408,424 |
|
|
$ |
234,554 |
|
* The Company controls the funding of these commitments and may cancel them at its discretion. The credit agreements governing the above loan commitments contain customary lending provisions and/or are subject to the portfolio company’s achievement of certain milestones that allow relief to the Company from funding obligations for previously made commitments in instances where the underlying company experiences materially adverse events that affect the financial condition or business outlook for the company. Since these commitments may expire without being drawn upon, unfunded commitments do not necessarily represent future cash requirements or future earning assets for the Company. As of September 30, 2025 and December 31, 2024, the Company had sufficient cash available and/or liquid securities available to fund its commitments and had reviewed them for any appropriate fair value adjustment. From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. As of September 30, 2025 and December 31, 2024, management is not aware of any material pending or threatened litigation that would require accounting recognition or financial statement disclosure. |