XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.22.4

BORROWINGS (Tables) | 3 Months Ended
--- | ---
Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Line of Credit Facilities | The following tables summarize noteworthy information related to our Credit Facility:
| December 31, 2022 |  | September 30, 2022
Commitment amount | $ | 245,000 |  | $ | 225,000
Line of credit outstanding, at cost | 108,400 |  | 141,800 |
Availability(A) | 111,868 |  | 60,068 |
| For the Three Months Ended December 31, |
| 2022 |  | 2021 |
Weighted average borrowings outstanding, at cost | $ | 129,062 |  |  | $ | 32,967 |  |
Weighted average interest rate(B) | 6.9 | % |  | 7.5 | % |
Commitment (unused) fees incurred | $ | 156 |  |  | $ | 335 |  |
(A) Available borrowings are subject to various constraints imposed under our Credit Facility, based on the aggregate loan balance pledged by Business Loan, which varies as loans are added and repaid, regardless of whether such repayments are prepayments or made as contractually required. (B) Includes unused commitment fees and excludes the impact of deferred financing costs.
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation | The following tables present our Credit Facility carried at fair value as of December 31, 2022 and September 30, 2022, on our accompanying Consolidated Statements of Assets and Liabilities for Level 3 of the hierarchy established by ASC 820 and the changes in fair value of our Credit Facility during the three months ended December 31, 2022 and 2021:
| Total Recurring Fair Value Measurement Reported in
| Consolidated Statements of Assets and Liabilities Using Significant Unobservable Inputs (Level 3)
| December 31, 2022 |  | September 30, 2022
Credit Facility | $ | 108,400 |  |  | $ | 141,800 |
Fair Value Measurements Using Significant Unobservable Data Inputs (Level 3)
| Three Months Ended December 31,
| 2022 |  | 2021
Fair value as of September 30, 2022 and 2021, respectively | $ | 141,800 |  |  | $ | 50,500 |
Borrowings | 14,800 |  |  | 138,200 |
Repayments | (48,200) |  |  | (134,800) |
Net unrealized appreciation | — |  |  | — |
Fair Value as of December 31, 2022 and 2021, respectively | $ | 108,400 |  |  | $ | 53,900 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration