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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2024
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 15 — SUBSEQUENT EVENTS

Investment Portfolio

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

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Activity Type

  

Date

  

Company Name

  

Company Description

  

Investment Amount

  

Instrument Type

New Investment

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January 10, 2025

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Pacific Shoring Products, LLC

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Manufacturer of trench shoring and safety equipment sold to equipment rental companies

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$

8,500,000

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Senior Secured – First Lien

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$

100,000

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Revolver Commitment

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$

498,491

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Equity

New Investment

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January 15, 2025

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Environmental Remedies, LLC

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Residential asbestos abatement provider

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$

7,330,762

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Senior Secured – First Lien

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$

2,681,986

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Delayed Draw Term Loan Commitment

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$

100,000

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Revolver Commitment

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$

163,109

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Equity

New Investment

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January 16, 2025

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Plus Delta Partners, Inc.

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Provider of fundraising training and tools for higher education institutions and other nonprofits

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$

7,400,000

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Senior Secured – First Lien

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$

3,753,955

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Delayed Draw Term Loan Commitment

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$

100,000

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Revolver Commitment

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$

325,764

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Equity

New Investment

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January 24, 2025

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Strategus, LLC

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Provider of connected TV advertising services

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$

7,801,439

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Senior Secured – First Lien

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$

2,524,737

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Delayed Draw Term Loan Commitment

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$

100,000

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Revolver Commitment

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$

170,362

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Equity

Add-On Investment

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February 10, 2025

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Florachem Corporation*

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Distiller and supplier of natural citrus, pine, and specialty inputs

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$

877,716

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Senior Secured – First Lien

New Investment

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February 28, 2025

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Identity Theft Guard Solutions, Inc.

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Cyber breach response and monitoring services

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$

8,722,887

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Senior Secured – First Lien

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$

100,000

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Revolver Commitment

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$

352,915

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Equity

New Investment

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February 28, 2025

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MoboTrex, LLC

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Distributor and manufacturer of intelligent traffic solution equipment

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$

5,137,070

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Senior Secured – First Lien

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$

109,312

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Delayed Draw Term Loan Commitment

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$

100,000

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Revolver Commitment

*

Existing portfolio company

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Credit Facility

The outstanding balance under the Credit Facility as of March 4, 2025 was $230,828,500.

SBA-guaranteed debentures

On February 14, 2025, the SBIC I subsidiary prepaid all principal and accrued interest related to SBA-guaranteed debentures maturing on March 1, 2025. The outstanding balance of SBA-guaranteed debentures as of March 4, 2025 was $308,750,000.

Distributions Declared

On January 9, 2025, the Company’s Board declared a regular monthly distribution for each of January, February and March 2025 as follows:

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Ex-Dividend

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Record

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Payment

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Amount per

Declared

    

Date

    

Date

    

Date

    

Share

1/9/2025

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1/31/2025

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1/31/2025

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2/14/2025

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$

0.1333

1/9/2025

 

2/28/2025

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2/28/2025

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3/14/2025

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$

0.1333

1/9/2025

 

3/31/2025

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3/31/2025

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4/15/2025

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$

0.1333

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