Quarterly report pursuant to Section 13 or 15(d)

BORROWINGS (Tables)

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BORROWINGS (Tables)
3 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Line of Credit Facilities
The following tables summarize noteworthy information related to our Credit Facility:
December 31, 2024 September 30, 2024
Commitment amount $ 293,659 $ 293,659
Line of credit outstanding, at cost 61,500 70,600 
Availability(A)
207,346 200,381 
For the Three Months Ended
December 31,
2024 2023
Weighted average borrowings outstanding, at cost $ 26,196  $ 48,582 
Weighted average interest rate(B)
19.1  % 12.7  %
Commitment (unused) fees incurred $ 678  $ 437 
(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 December 31, 2024 and September 30, 2024, 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 three months ended December 31, 2024 and 2023:
Total Recurring Fair Value Measurement Reported in
Consolidated Statements of Assets and Liabilities Using Significant Unobservable Inputs (Level 3)
December 31, 2024 September 30, 2024
Credit Facility
$ 61,500  $ 70,600 
Fair Value Measurements Using Significant Unobservable Data Inputs (Level 3)
Three Months Ended
December 31,
2024 2023
Fair value as of September 30, 2024 and 2023, respectively
$ 70,600  $ 47,800 
Borrowings
87,500  70,200 
Repayments
(96,600) (33,000)
Net unrealized appreciation
  — 
Fair Value as of December 31, 2024 and 2023, respectively
$ 61,500  $ 85,000