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Subsequent Events
9 Months Ended
Sep. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events

Note 11. Subsequent Events

 

On October 3, 2022, the Company invested $1,000 in common equity of EBL, LLC, which was acquired under a new holding company, FOM Eblens Holdings, LLC (dba Eblens), and became a controlled affiliate investment. In conjunction with the transaction, the Company amended the terms of its second lien debt investment and committed up to $375 in incremental common equity.

On October 7, 2022, the Company exited its debt investment in UPG Company, LLC. The Company received payment in full of $16,986 on its first lien debt, which included a prepayment fee.

On October 17, 2022, the Company exited its debt and equity investment in OMC Investors, LLC (dba Ohio Medical Corporation). The Company received payment in full of $5,150 on its second lien debt, which included a prepayment fee. The Company received a distribution on its equity investment for a realized gain of approximately $656.

On October 31, 2022, the Board declared an incremental supplemental dividend of $0.08 per share and a special dividend of $0.10 per share for the fourth quarter, which are payable on December 16, 2022, to stockholders of record as of December 2, 2022.

 

On October 31, 2022, the Company invested $6,000 in second lien debt of Education Incites, LLC (dba Acceleration Academies), a leading provider of alternative education academies focused on high school dropout recovery throughout the United States.

On November 1, 2022, the Company issued an additional $5,000 and $3,000 in SBA debentures, which will bear interest at fixed interim interest rates of 5.221% and 5.123%, respectively, until the pooling date in March 2023.