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Capital (Tables)
 9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Schedule of Repurchase Agreements [Table Text Block]
The following table provides information with respect to the repurchases of Terra BDC’s common stock for the year ended December 31, 2021. There were no shares repurchased for the nine months ended September 30, 2022.
PeriodTotal Number of Shares RepurchasedAverage Price Paid per ShareMaximum Number of Shares Allowed to be Repurchased
Year Ended December 31, 2021:
Three Months Ended March 31, 2021— — — 
Three Months Ended June 30, 2021682 $9.07 — 
Three Months Ended September 30, 2021 (1)(2)
209,978 $9.03 207,656 
Three Months Ended December 31, 2021 (3)(4)
208,904 $9.00 207,656 
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(1)A total of 846,743 shares were validly tendered and not withdrawn, an amount that exceeded the maximum number of shares Terra BDC offered to purchase. In accordance with the terms of the tender offer, Terra BDC purchased on a pro rata basis a total of 207,646 shares validly tendered and not withdrawn. Approximately 24.5% of the number of shares tendered by each stockholder who participated in the tender offer was repurchased by Terra BDC.
(2)Subsequent to the close of the tender offer, Terra BDC discovered an administrative error in which a tender request was not processed. Terra BDC honored the tender request in October and accordingly another 2,332 shares were repurchased.
(3)A total of 653,098 shares were validly tendered and not withdrawn, an amount that exceeded the maximum number of shares Terra BDC offered to purchase. In accordance with the terms of the tender offer, Terra BDC purchased on a pro rata basis a total of 207,652 shares validly tendered and not withdrawn. Approximately 31.8% of the number of shares tendered by each stockholder who participated in the tender offer was repurchased by us.
(4)Subsequent to the close of the tender offer, Terra BDC discovered an administrative error in which two tender requests were not processed. Terra BDC honored the tender requests in January 2022 and accordingly another 1,252 shares were repurchased.