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Borrowings (Tables) | 9 Months Ended
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Jun. 30, 2024
Borrowings [Abstract] |
Schedule of Outstanding Debt Excluding Debt Issuance Costs | The Company’s outstanding debt excluding debt issuance costs as of June 30, 2024 and September 30, 2023 were as follows (dollars in thousands):
|  | June 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 |  |  | $ | 56,061 |  |  | $ | 51,957 |  |  | $ | 57,500 |  |  | $ | 57,500 |  |  | $ | 55,811 |  |  | $ | 49,105 |
2028 Promissory Note |  |  | 1,661 |  |  |  | 1,661 |  |  |  | 1,661 |  |  |  | 1,661 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Revolving Credit Facility |  |  | 34,927 |  |  |  | 27,573 |  |  |  | 27,573 |  |  |  | 27,573 |  |  |  | 21,558 |  |  |  | 28,442 |  |  |  | 28,442 |  |  |  | 28,442 |
Total debt |  | $ | 94,088 |  |  | $ | 86,734 |  |  | $ | 85,295 |  |  | $ | 81,191 |  |  | $ | 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 Debt Issuance Cost | As of June 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 nine months ended |  |  | For the year ended |
|  | June 30, 2024 |  |  | September 30, 2023 |
|  | 2023 Notes |  |  | 2028 Notes |  |  | Total |  |  | 2023 Notes |  |  | 2028 Notes |  |  | Total |
Total debt issuance costs at beginning of period |  | $ | - |  |  | $ | 1,689 |  |  | $ | 1,689 |  |  | $ | 39 |  |  | $ | 2,020 |  |  | $ | 2,059 |
Amortized debt issuance costs |  |  | - |  |  |  | 249 |  |  |  | 249 |  |  |  | 39 |  |  |  | 331 |  |  |  | 370 |
Unamortized debt issuance costs |  | $ | - |  |  | $ | 1,440 |  |  | $ | 1,440 |  |  | $ | - |  |  | $ | 1,689 |  |  | $ | 1,689 |
Schedule of Interest Expense, Amortized Debt Issuance Costs | For the three and nine months ended June 30, 2024 and 2023, 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, the 2028 Notes and the Credit Facility were as follows (dollars in thousands):
|  | For the Three Months Ended June 30, |  |  | For the Nine Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
2023 Notes Interest |  | $ | - |  |  | $ | - |  |  |  | - |  |  | $ | 820 |
2028 Notes Interest |  |  | 756 |  |  |  | 772 |  |  |  | 2,264 |  |  |  | 1,894 |
Credit facility interest |  |  | 739 |  |  |  | 477 |  |  |  | 1,930 |  |  |  | 830 |
Commitment fees |  |  | 17 |  |  |  | - |  |  |  | 48 |  |  |  | - |
Amortization of Credit Facility deferred financing costs |  |  | 127 |  |  |  | 83 |  |  |  | 340 |  |  |  | 199 |
Amortization of debt issuance costs |  |  | 83 |  |  |  | 83 |  |  |  | 249 |  |  |  | 287 |
Total |  | $ | 1,722 |  |  | $ | 1,415 |  |  |  | 4,831 |  |  | $ | 4,030 |
Weighted average stated interest rate |  |  | 6.4 | % |  |  | 6.0 | % |  |  | 6.3 | % |  |  | 5.8 | %
Weighted average debt outstanding |  | $ | 94,127 |  |  | $ | 83,061 |  |  | $ | 88,660 |  |  | $ | 81,227 |

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