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v3.23.4

Borrowings (Tables) | 12 Months Ended
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Sep. 30, 2023
Borrowings [Abstract] |
Schedule of Debt Issuance Costs | The Company’s outstanding debt excluding debt issuance costs as of September 30, 2023 and 2022 were as follows (dollars in thousands):
|  | September 30, 2023 |  |  | September 30, 2022 |
|  | Aggregate Principal Available |  |  | Principal Amount Outstanding |  |  | Carrying Value |  |  | Fair Value |  |  | Aggregate Principal Available |  |  | Principal Amount Outstanding |  |  | Carrying Value |  |  | Fair Value |
2023 Notes |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 22,522 |  |  | $ | 22,522 |  |  | $ | 22,483 |  |  | $ | 22,378 |
2028 Notes |  |  | 57,500 |  |  |  | 57,500 |  |  |  | 55,811 |  |  |  | 49,105 |  |  |  | 57,500 |  |  |  | 57,500 |  |  |  | 55,480 |  |  |  | 50,255 |
Revolving Credit Facility |  |  | 21,558 |  |  |  | 28,442 |  |  |  | 28,442 |  |  |  | 28,442 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total debt |  | $ | 79,058 |  |  | $ | 85,942 |  |  | $ | 84,253 |  |  | $ | 77,547 |  |  | $ | 80,022 |  |  | $ | 80,022 |  |  | $ | 77,963 |  |  | $ | 72,633 |
Schedule of Consolidated Statements of Assets and Liabilities | Debt issuance costs related to the 2023 Notes and the 2028 Notes are reported on the Consolidated Statements of Assets and Liabilities as a direct deduction from the face amount of the 2023 Notes and the 2028 Notes. As of September 30, 2023 and September 30, 2022, debt issuance costs related to the 2023 Notes and the 2028 Notes were as follows (dollars in thousands):
|  | September 30, 2023 |  |  | September 30, 2022 |
|  | 2023 Notes |  |  | 2028 Notes |  |  | Total |  |  | 2023 Notes |  |  | 2028 Notes |  |  | Total |
Total debt issuance costs at beginning of period |  | $ | 39 |  |  | $ | 2,020 |  |  | $ | 2,059 |  |  | $ | 3,102 |  |  | $ | 2,311 |  |  | $ | 5,413 |
Amortized debt issuance costs |  |  | 39 |  |  |  | 331 |  |  |  | 370 |  |  |  | 3,063 |  |  |  | 291 |  |  |  | 3,354 |
Unamortized debt issuance costs |  | $ | - |  |  | $ | 1,689 |  |  | $ | 1,689 |  |  | $ | 39 |  |  | $ | 2,020 |  |  | $ | 2,059 |
Schedule of Interest Expense, Amortized Debt Issuance Costs, Weighted Average Stated Interest Rate and Weighted Average Outstanding Debt | For the years ended September 30, 2023, 2022 and 2021, the components of interest expense, amortized debt issuance costs, amortized deferred financing costs, weighted average stated interest rate and weighted average outstanding debt balance for the 2023 Notes and the 2028 Notes were as follows (dollars in thousands):
|  | For the Years Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
2021 Notes Interest |  | $ | - |  |  | $ | - |  |  | $ | 668 |
2023 Notes Interest |  |  | 410 |  |  |  | 1,749 |  |  |  | 4,768 |
2023 Notes Premium |  |  | - |  |  |  | - |  |  |  | (3 | )
2028 Notes Interest |  |  | 3,019 |  |  |  | 2,996 |  |  |  | - |
Credit Facility Interest |  |  | 1,390 |  |  |  | - |  |  |  | - |
Commitment fees |  |  | 56 |  |  |  | - |  |  |  | - |
Amortization of deferred financing costs |  |  | 287 |  |  |  | - |  |  |  | - |
Amortization of debt issuance costs |  |  | 370 |  |  |  | 368 |  |  |  | 367 |
Total |  | $ | 5,532 |  |  | $ | 5,113 |  |  | $ | 5,800 |
Weighted average stated interest rate |  |  | 5.9 | % |  |  | 6.0 | % |  |  | 7.0 | %
Weighted average debt outstanding |  | $ | 81,600 |  |  | $ | 85,398 |  |  | $ | 82,930 |

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