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COMMITMENTS AND CONTINGENCIES
 9 Months Ended
Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
As of September 30, 2025, MSC Income had the following outstanding commitments (in thousands):
Investments with equity capital commitments that have not yet funded:Amount
HPEP 3, L.P.$1,308 
423 AER II, LP211 
Brightwood Capital Fund III, LP2 
Total Equity Commitments (1)$1,521
Investments with commitments to fund revolving loans that have not been fully drawn or term loans with additional commitments not yet funded:
Core Transformers$15,000 
Mission Critical Group10,890 
AGS American Glass Services Acquisition, LLC6,982 
Airo Purchaser, Inc.6,393 
GradeEight Corp.4,706 
South Coast Terminals Holdings, LLC3,865 
Insight Borrower Corporation2,778 
Winter Services LLC2,556 
Electro Technical Industries, LLC2,238 
ZRG Partners, LLC2,232 
Rug Doctor, LLC.2,115 
JDC Power Services, LLC2,105 
Bluestem Brands, Inc.1,912 
BP Loenbro Holdings Inc.1,755 
SI East, LLC1,750 
Richardson Sales Solutions1,689 
IG Parent Corporation1,667 
Creative Foam Corporation1,563 
CQ Fluency, LLC1,500 
American Health Staffing Group, Inc.1,250 
KMS, LLC1,250 
TEC Services, LLC1,167 
ArborWorks, LLC971 
RA Outdoors LLC886 
B-O-F Corporation840 
Titan Meter Midco Corp.830 
Cody Pools, Inc.786 
Gamber-Johnson Holdings, LLC738 
ITA Holdings Group, LLC738 
Centre Technologies Holdings, LLC600 
IG Investor, LLC600 
Garyline, LLC596 
Mini Melts of America, LLC579 
Victory Energy Operations, LLC554 
Bond Brand Loyalty ULC540 
Obra Capital, Inc.521 
Invincible Boat Company, LLC.519 
Coregistics Buyer LLC513 
AVEX Aviation Holdings, LLC512 
Microbe Formulas, LLC434 
BDB Holdings, LLC418 
Burning Glass Intermediate Holding Company, Inc.413 
Trantech Radiator Topco, LLC400 
Chamberlin Holding LLC400 
Colonial Electric Company LLC400 
Pinnacle TopCo, LLC400 
The Affiliati Network, LLC360 
Escalent, Inc.349 
Hornblower Sub, LLC348 
Career Team Holdings, LLC300 
Clad-Rex Steel, LLC300 
Roof Opco, LLC292 
Batjer TopCo, LLC230 
Metalforming Holdings, LLC205 
CenterPeak Holdings, LLC200 
Mystic Logistics Holdings, LLC200 
Orttech Holdings, LLC200 
Implus Footcare, LLC179 
PTL US Bidco, Inc177 
ATS Operating, LLC100 
GRT Rubber Technologies LLC100 
Wash & Wax Systems LLC65 
Channel Partners Intermediateco, LLC57 
HDC/HW Intermediate Holdings13 
AAC Holdings, Inc.5 
Total Loan Commitments$95,231 
Total Commitments$96,752 
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(1)This table excludes a commitment related to one additional Other Portfolio investment for which the investment period has expired and the remaining commitment may only be drawn to pay fund expenses or for follow-on investments in existing portfolio companies. The Fund does not expect any material future capital to be called on its commitment to this investment to pay fund expenses, and based on representations from the fund manager, the Fund does not expect any further capital will be called on its commitment for follow-on investments. As a result, the Fund has excluded this commitment from this table.
MSC Income will fund its unfunded commitments from the same sources it uses to fund its investment commitments that are funded at the time they are made (which are typically through existing cash and cash equivalents and borrowings under the Credit Facilities). MSC Income follows a process to manage its liquidity and ensure that it has available capital to fund its unfunded commitments as necessary. MSC Income had no unrealized appreciation or depreciation on the outstanding unfunded commitments as of September 30, 2025.
MSC Income may, from time to time, be involved in litigation arising out of its operations in the normal course of business or otherwise. Furthermore, third parties may seek to impose liability on MSC Income in connection with the activities of its portfolio companies. While the outcome of any current legal proceedings cannot at this time be predicted with certainty, MSC Income does not expect any current matters will materially affect its financial condition or results of operations; however, there can be no assurance whether any pending or future legal proceedings will have a material adverse effect on MSC Income’s financial condition or results of operations in any future reporting period.