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Borrowings (Tables)

3 Months Ended

Dec. 31, 2024

Borrowings [Abstract]

Schedule of Debt Issuance Costs

The Company’s outstanding debt excluding debt issuance costs as of December 31, 2024 and September 30, 2024 were as follows (dollars in thousands):

		December 31, 2024																September 30, 2024
		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			$	56,228			$	52,440			$	57,500			$	57,500			$	56,143			$	51,980
2028 Promissory Note			1,661				1,661				1,516				1,661				1,661				1,661				1,508				1,661
Revolving Credit Facility			3,500				84,000				84,000				84,000				9,427				78,073				78,073				78,073
Total debt		$	62,661			$	143,161			$	141,744			$	138,101			$	68,588			$	137,234			$	135,724			$	131,714

(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

As of December 31, 2024 and September 30, 2024, debt issuance costs related to the 2023 Notes and the 2028 Notes were as follows (dollars in thousands):

		For the three months ended												For the year ended
		December 31, 2024												September 30, 2024
		2028 Notes				2028 Promissory Note				Total				2028 Notes				2028 Promissory Note				Total
Total debt issuance costs at beginning of period		$	1,357			$	154			$	1,511			$	1,689			$	-			$	1,689
Debt issuance costs during the period			-				-				-				-				169				169
Amortized debt issuance costs			85				8				93				332				15				347
Unamortized debt issuance costs		$	1,272			$	146			$	1,418			$	1,357			$	154			$	1,511

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

For the three months ended December 31, 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 2028 Notes, 2028 Promissory Note and the Credit Facility were as follows (dollars in thousands):

		For the Three Months Ended December 31,
		2024				2023
2028 Notes Interest		$	747			$	754
2028 Promissory Note			22				-
Credit Facility Interest			1,501				598
Commitment fees			7				14
Amortization of deferred financing costs			177				92
Amortization of debt issuance costs			92				84
Total		$	2,546			$	1,542
Weighted average stated interest rate			6.6	%			6.2	%
Weighted average debt outstanding		$	136,250			$	85,942