Indemnification, Guarantees, Commitments and Contingencies

6 Months Ended

Dec. 31, 2022

Commitments And Contingencies Disclosure [Abstract]

Indemnification, Guarantees, Commitments and Contingencies

Note 6. Indemnification, Guarantees, Commitments and Contingencies

In the normal course of business, the Company enters into contracts that provide a variety of representations and warranties and general indemnifications. Such contracts include those with certain service providers, brokers and trading counterparties. Any exposure to the Company under these arrangements is unknown as it would involve future claims that may be made against the Company; however, based on the Company’s experience, the risk of loss is remote and no such claims are expected to occur. As such, the Company has not accrued any liability in connection with such indemnifications.

The Company’s board of directors declared the following quarterly distributions during the six months ended December 31, 2022:


Declared	Ex-Date	Record Date	Pay Date	Amount	Fiscal Quarter
August 25, 2022	September 22, 2022	September 23, 2022	October 14, 2022	$0.1500	1st 2023
November 11, 2022	December 15, 2022	December 16, 2022	January 10, 2023	$0.1500	2nd 2023

Loans purchased by the Company may include revolving credit agreements or other financing commitments obligating the Company to advance additional amounts on demand. The Company generally sets aside sufficient liquid assets to cover its unfunded commitments, if any.

The following table details the Company’s unfunded commitments to portfolio companies as of December 31, 2022:


Investments	Unfunded Commitment		Fair Value		Annual Non-use Fee	Expiration Date
1888 Industrial Services, LLC – Revolver	$	30,787	$	—	0.50%	5/1/23
Altern Marketing, LLC – Revolver		2,363,595		—	0.50%	10/7/24
Amerequip, LLC – Revolver		967,742		—	0.50%	8/31/27
American Teleconferencing Services, Ltd. – Revolver		252,505		—	0.50%	1/31/23
Arborworks Acquisition LLC – Revolver		621,118		—	0.50%	11/9/26
Archer Systems, LLC – Revolver		603,175		—	0.50%	8/11/27
Evergreen North America Acquisitions, LLC – Revolver		389,737		—	0.50%	8/13/26
Flatworld Intermediate Corporation – Revolver		567,568		—	0.50%	10/1/27
NWN Parent Holdings LLC – Revolver		60,000		—	0.50%	5/7/26
South Coast Terminals LLC – Revolver		967,742		—	0.50%	12/10/26
Work Genius Holdings, Inc – Revolver		750,000		—	—	6/7/27
Xenon Arc, Inc. – Revolver		1,000,000		—	0.50%	12/17/26
Total Unfunded Commitments	$	8,573,969	$	—

The following table details the Company’s unfunded commitments to portfolio companies as of June 30, 2022:


Investments	Unfunded Commitment		Fair Value		Annual Non-use Fee	Expiration Date
1888 Industrial Services, LLC – Revolver	$	327,817	$	—	0.50%	5/1/23
Altern Marketing, LLC – Revolver		2,631,579		—	0.50%	10/7/24
American Teleconferencing Services, Ltd. – Revolver		206,103		—	0.50%	6/8/23
Arborworks Acquisition LLC – Revolver		1,118,012		—	0.50%	11/9/26
Empire Office Inc. – Delayed Draw		3,448,276		—	0.50%	4/12/24
NWN Parent Holdings LLC – Revolver		1,200,000		—	0.50%	5/7/26
South Coast Terminals LLC – Revolver		967,742		—	0.50%	12/10/26
Xenon Arc, Inc. – Revolver		1,000,000		—	0.50%	12/17/26
Xenon Arc, Inc. – Delayed Draw		3,000,000		—	0.50%	12/17/27
Total Unfunded Commitments	$	13,899,529	$	—