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Borrowings (Tables)

9 Months Ended

Jun. 30, 2025

Borrowings [Abstract]

Schedule of Debt Issuance Costs

The Company’s outstanding debt excluding debt issuance costs as of June 30, 2025 and September 30, 2024 were as follows (dollars in thousands):

		June 30, 2025																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			$	56,393			$	54,096			$	57,500			$	57,500			$	56,143			$	51,980
2028 Promissory Note			1,661				1,661				1,534				1,661				1,661				1,661				1,508				1,661
Revolving Credit Facility			13,008				86,992				86,992				86,992				9,427				78,073				78,073				78,073
Total debt		$	72,169			$	146,153			$	144,919			$	142,749			$	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

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 June 30, 2025 and September 30, 2024, debt issuance costs related to the 2023 Notes and the 2028 Note were as follows (dollars in thousands):

		For the nine months ended												For the year ended
		June 30, 2025												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			250				27				277				332				15				347
Unamortized debt issuance costs		$	1,107			$	127			$	1,234			$	1,357			$	154			$	1,511

Schedule of Interest Expense, Amortized Debt Issuance Costs, Amortized Deferred Financing Costs, Weighted Average Stated Interest Rate And Weighted Average Outstanding Debt

For the three and nine months ended June 30, 2025 and 2024, 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 June 30,								For the Nine Months Ended June 30,
		2025				2024				2025				2024
2028 Notes Interest		$	753			$	756			$	2,263			$	2,264
2028 Promissory Note Interest			22				-				66				-
Credit Facility Interest			1,607				739				4,601				1,930
Commitment fees			(24	)			17				(15	)			48
Amortization of deferred financing costs			99				127				483				340
Amortization of debt issuance costs			92				83				276				249
Other			111				-				111				-
Total		$	2,660			$	1,722			$	7,785			$	4,831
Weighted average stated interest rate			6.6	%			6.4	%			6.6	%			6.3	%
Weighted average debt outstanding		$	151,623			$	94,127			$	143,377			$	88,660