Annual report pursuant to Section 13 and 15(d)

BORROWINGS (Tables)

v3.24.3
BORROWINGS (Tables)
 12 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Line of Credit Facilities
The following tables summarize noteworthy information related to our Credit Facility:
As of September 30,
2024 2023
Commitment amount $ 293,659  $ 223,659 
Borrowings outstanding, at cost 70,600  47,800 
Availability(A)
200,381  169,060 
Year Ended September 30,
2024 2023 2022
Weighted average borrowings outstanding, at cost $ 70,572  $ 133,692  $ 56,122 
Weighted average interest rate(B)
11.0  % 8.0  % 6.1  %
Commitment (unused) fees incurred $ 1,696  $ 624  $ 1,105 
(A)Available borrowings are subject to various constraints imposed under our Credit Facility, based on the aggregate loan balance pledged by Business Loan, which varies as loans are added and repaid, regardless of whether such repayments are prepayments or made as contractually required.
(B)Includes unused commitment fees and excludes the impact of deferred financing costs.
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following tables present our Credit Facility carried at fair value as of September 30, 2024 and 2023, on our accompanying Consolidated Statements of Assets and Liabilities for Level 3 of the hierarchy established by ASC 820 and the changes in fair value of our Credit Facility during the years ended September 30, 2024 and 2023:
Total Recurring Fair Value
Measurement Reported in
Consolidated Statements of
Assets and Liabilities
Using Significant
Unobservable Inputs (Level 3)
As of September 30,
2024 2023
Credit Facility $ 70,600  $ 47,800 
Fair Value Measurements Using Significant Unobservable Data Inputs (Level 3)
Year Ended September 30,
2024 2023
Fair value as of September 30, 2023 and 2022, respectively $ 47,800  $ 141,800 
Borrowings 221,200  149,000 
Repayments (198,400) (243,000)
Net unrealized (appreciation) depreciation (A)
—  — 
Fair Value as of September 30, 2024 and 2023, respectively $ 70,600  $ 47,800 
(A)Included in net unrealized (appreciation) depreciation of other on our accompanying Consolidated Statements of Operations for the years ended September 30, 2024 and 2023.