Indemnification, Guarantees, Commitments and Contingencies

6 Months Ended

Dec. 31, 2024

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 transition period:


Declared Date	Ex-Date	Record Date	Pay Date	Amount per Share	Fiscal Quarter
September 18, 2024	October 15, 2024	October 16, 2024	November 6, 2024	$0.12	1st 2024*
November 6, 2024	December 19, 2024	December 20, 2024	January 8, 2025	$0.12	2nd 2024*

*Quarter in the transition period ended December 31, 2024.

Loans funded 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 as of December 31, 2024:


Investments	Unfunded Commitment	Fair Value	Annual Non-use Fee	Expiration Date
Uniguest Holdings - DDTL	$1,111,111	$—	—	11/27/2030
Argano, LLC - DDTL	869,565	—	—	8/23/2029
Arborworks Acquisition LLC – Revolver	712,496	—	—	11/6/2028
Flatworld Intermediate Corporation – Revolver	567,568	—	0.50%	10/1/2027
Crafty Apes LLC - DDTL - Second Out	492,735	—	—	6/1/2027
Sandvine Corporation - DDTL	398,456	—	—	10/3/2025
Uniguest Holdings - Revolver	333,333	—	—	11/27/2030
Argano, LLC - Revolver	144,928	—	—	8/23/2029
Total Unfunded Commitments	$4,630,192	$—

The following table details the Company’s unfunded commitments as of June 30, 2024:


Investments	Unfunded Commitment	Fair Value	Annual Non-use Fee	Expiration Date
South Coast Terminals LLC – Revolver	$967,742	$—	0.50%	12/10/2026
Flatworld Intermediate Corporation – Revolver	567,568	—	0.50%	10/1/2027
Arborworks Acquisition LLC – Revolver	230,547	—	—	11/6/2028
Total Unfunded Commitments	$1,765,857	$—

The following table details the Company’s unfunded commitments as of June 30, 2023:


Investments	Unfunded Commitment	Fair Value	Annual Non-use Fee	Expiration Date
Amerequip, LLC – Revolver	$967,742	$—	0.50%	8/31/2027
South Coast Terminals LLC – Revolver	967,742	—	0.50%	12/10/2026
NWN Parent Holdings LLC – Revolver	800,000	—	0.50%	5/7/2026
Xenon Arc, Inc. – Revolver	746,667	—	0.50%	12/17/2026
Archer Systems, LLC – Revolver	603,175	—	0.50%	8/11/2027
Flatworld Intermediate Corporation – Revolver	567,567	—	0.50%	10/1/2027
Arborworks Acquisition LLC – Revolver	554,947	—	0.50%	11/9/2026
Evergreen North America Acquisitions, LLC – Revolver	276,064	—	0.50%	8/13/2026
1888 Industrial Services, LLC – Revolver	186,990	—	0.50%	8/31/2024
Total Unfunded Commitments	$5,670,894	$—