XML 47 R32.htm IDEA: XBRL DOCUMENT

Borrowings (Tables)

12 Months Ended

Sep. 30, 2024

Borrowings [Abstract]

Schedule of Debt Issuance Costs

The Company’s outstanding debt excluding debt issuance costs as of September 30, 2024 and 2023 were as follows (dollars in thousands):

		September 30, 2024																September 30, 2023
		Aggregate Principal Available ⁽¹⁾				Principal Amount Outstanding				Carrying Value				Fair Value				Aggregate Principal Available⁽¹⁾				Principal Amount Outstanding				Carrying Value				Fair Value
2028 Notes		$	57,500			$	57,500			$	56,143			$	51,980			$	57,500			$	57,500			$	55,811			$	49,105
2028 Promissory Note			1,661				1,661				1,508				1,661				-				-				-				-
Revolving Credit Facility			9,427				78,073				78,073				78,073				21,558				28,442				28,442				28,442
Total debt		$	68,588			$	137,234			$	135,724			$	131,714			$	79,058			$	85,942			$	84,253			$	77,547

(1)

For the 2028 Notes and 2028 Promissory Note, this represents the total principal amount and for the Revolving Credit Facility, this represents the undrawn principal amount.

Schedule of Consolidated Statements of Assets and Liabilities

Debt issuance costs related to the 2028 Notes are reported on the Consolidated Statements of Assets and Liabilities as a direct deduction from the face amount of the 2028 Notes. As of September 30, 2024 and September 30, 2023, debt issuance costs related to the 2023 Notes and the 2028 Notes were as follows (dollars in thousands):

		For the year ended												For the year ended
		September 30, 2024												September 30, 2023
		2028 Notes				2028 Promissory Note				Total				2023 Notes				2028 Notes				Total
Total debt issuance costs at beginning of period		$	1,689			$	-			$	1,689			$	39			$	2,020			$	2,059
Debt issuance costs during the period			-				169				169				-				-				-
Amortized debt issuance costs			332				15				347				39				331				370
Unamortized debt issuance costs		$	1,357			$	154			$	1,511			$	-			$	1,689			$	1,689

Schedule of Interest Expense, Amortized Debt Issuance Costs, Weighted Average Stated Interest Rate and Weighted Average Outstanding Debt

For the years ended September 30, 2024, 2023 and 2022, 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, 2028 Notes and Credit Facility were as follows (dollars in thousands):

		For the Years Ended September 30,
		2024				2023				2022
2023 Notes Interest		$	-			$	410			$	1,749
2028 Notes Interest			3,019				3,019				2,996
2028 Promissory Note			36				-				-
Credit Facility Interest			2,533				1,390				-
Commitment fees			108				56				-
Amortization of deferred financing costs			566				287				-
Amortization of debt issuance costs			347				370				368
Total		$	6,609			$	5,532			$	5,113
Weighted average stated interest rate			6.3	%			5.9	%			6.0	%
Weighted average debt outstanding		$	88,467			$	81,600			$	85,398