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Borrowings (Tables)

9 Months Ended

Jun. 30, 2023

Borrowings [Abstract]

Schedule of Debt Issuance Costs

The Company’s outstanding debt excluding debt issuance costs as of June 30, 2023 and September 30, 2022 were as follows (dollars in thousands):

		June 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				55,718				50,140				57,500				57,500				55,480				50,255
Revolving Credit Facility			28,242				28,242				28,242				28,242				-				-				-				-
Total debt		$	85,742			$	85,742			$	83,960			$	78,382			$	80,022			$	80,022			$	77,963			$	72,633

Schedule of Consolidated Statements of Assets and Liabilities

Debt issuance costs related to the Notes are reported on the Consolidated Statements of Assets and Liabilities as a direct deduction from the face amount of the Notes. As of June 30, 2023 and September 30, 2022, debt issuance costs related to the Notes were as follows (dollars in thousands):

		June 30, 2023												September 30, 2022
		2023 Notes				2028 Notes				Total				2023 Notes				2028 Notes				Total
Total debt issuance cost at the beginning of the period		$	20			$	1,865			$	1,885			$	3,102			$	2,311			$	5,413
Amortized debt issuance costs			20				83				103				3,063				291				3,354
Unamortized debt issuance costs		$	-			$	1,782			$	1,782			$	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 three and nine months ended June 30, 2023 and 2022, the components of interest expense, amortized debt issuance costs, weighted average stated interest rate and weighted average outstanding debt balance for the Notes were as follows (dollars in thousands):

		For the Three Months Ended June 30,								For the Nine Months Ended June 30,
		2023				2022				2023				2022
2023 Notes Interest		$	-			$	345			$	820			$	1,060
2028 Notes Interest			772				755				1,894				1,486
Credit facility interest			477				-				830				-
Amortization of debt issuance costs			83				121				287				163
Total		$	1,332			$	1,221			$	3,831			$	2,709
Weighted average stated interest rate			6.0	%			6.2	%			5.8	%			6.0	%
Weighted average debt outstanding		$	83,061			$	80,022			$	81,227			$	90,863