XML 30 R19.htm IDEA: XBRL DOCUMENT v3.24.1.u1
SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2024
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 12 — SUBSEQUENT EVENTS

The Company’s management has evaluated subsequent events through the date of issuance of the financial statements included herein. There have been no subsequent events that require recognition or disclosure in these financial statements except for the following described below.

Investment Portfolio

The Company invested in the following portfolio companies subsequent to March 31, 2024:

​

​

​

​

​

​

​

​

​

​

​

​

Activity Type

  

Date

  

Company Name

  

Company Description

  

Investment Amount

  

Instrument Type

New Investment

​

April 1, 2024

​

FairWave Holdings, LLC

​

Specialty coffee platform

​

$

7,615,265

​

Senior Secured – First Lien

​

​

​

​

​

​

​

​

$

2,665,343

​

Delayed Draw Term Loan Commitment

​

​

​

​

​

​

​

​

$

1,142,290

​

Revolver Commitment

​

​

​

​

​

​

​

​

$

285,572

​

Equity

New Investment

​

April 11, 2024

​

WER Holdings, LLC

​

Regional provider of commercial landscaping services

​

$

2,704,164

​

Senior Secured – First Lien

​

​

​

​

​

​

​

​

$

1,338,695

​

Delayed Draw Term Loan Commitment

​

​

​

​

​

​

​

​

$

401,609

​

Revolver Commitment

​

​

​

​

​

​

​

​

$

180,300

​

Equity

Add-On Investment

​

April 16, 2024

​

Impact Home Services LLC*

​

Residential garage door, electrical, and plumbing services provider

​

$

8,932

​

Equity

​

​

​

​

​

​

​

​

$

90,773

​

Senior Secured – First Lien

Add-On Investment

​

April 22, 2024

​

Exacta Land Surveyors, LLC*

​

Provider of land survey and field management services to facilitate real estate transactions

​

$

2,164

​

Equity

* Existing portfolio company

​

The Company realized the following portfolio company investment subsequent to March 31, 2024:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Activity Type

  

Date

  

Company Name

  

Company Description

  

Proceeds Received

  

Realized Gain

  

Instrument Type

Full Repayment

​

May 1, 2024

​

Nutritional Medicinals, LLC*

​

Manufacturer and distributor of organic whole food, plant-based feeding tube formulas and meal replacement kits.

​

$

11,421,291

​

$

-

​

Senior Secured – First Lien

​

​

​

​

​

​

​

​

$

2,950,929

​

$

1,978,126

​

Equity

* Existing portfolio company

Credit Facility

The outstanding balance under the Credit Facility as of May 9, 2024 was $172,500,000.

Dividends Declared

On April 3, 2024, the Board declared a regular monthly dividend for each of April 2024, May 2024, and June 2024 as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

Ex-Dividend

​

Record

​

Payment

​

Amount per

Declared

    

Date

    

Date

    

Date

    

Share

4/3/2024

​

4/29/2024

​

4/30/2024

​

5/15/2024

​

$

0.1333

4/3/2024

 

5/31/2024

​

5/31/2024

​

6/14/2024

​

$

0.1333

4/3/2024

 

6/28/2024

​

6/28/2024

​

7/15/2024

​

$

0.1333

​