Subsequent Events

Distributions

In April 2020, the Company’s board of directors declared a monthly cash distribution on the outstanding shares of all classes of common shares of record on May 28, 2020 of $0.104167 per share for Class FA shares, $0.104167 per share for Class A shares, $0.083333 per share for Class T shares, $0.093750 per share for Class D shares, $0.104167 per share for Class I shares and $0.104167 per share for Class S shares.

Offerings

In April 2020, the Company’s board of directors approved new per share offering prices for each share class in the Public Offering and Class S Private Offering. The new offering prices are effective as of April 28, 2020. The following table provides the new offering prices and applicable upfront selling commissions and placement agent / dealer manager fees for each share class available in the Public Offering and Class S Private Offering:



	Class A		Class T		Class D		Class I		Class S
Effective April 28, 2020:
Offering Price, Per Share	$	28.74	$	27.67	$	25.94	$	26.55	$	28.15
Selling Commissions, Per Share	1.72		0.83		—		—		0.57
Placement Agent / Dealer Manager Fees, Per Share	0.72		0.48		—		—		0.42

Capital Transactions

During the period April 1, 2020 through May 13, 2020, the Company received additional net proceeds from its Offerings and its distribution reinvestment plan of:



	Proceeds from Offerings								Distribution Reinvestment Plan			Total
Share Class	Shares	Gross Proceeds		Sales Load			Net Proceeds to Company		Shares	Gross Proceeds		Shares	Net Proceeds to Company		Average Net Proceeds per Share
Class FA	95,551	$	2,644,000	$	(49,985	)	$	2,594,015	—	$	—	95,551	$	2,594,015	$	27.15
Class A	17,080	482,000		(32,825		)	449,175		4,333	114,601		21,413	563,776		26.33
Class T	78,505	2,172,235		(103,181		)	2,069,054		1,098	29,188		79,603	2,098,242		26.36
Class D	9,258	240,160		—			240,160		1,452	37,988		10,710	278,148		25.97
Class I	40,490	1,075,000		—			1,075,000		3,557	95,192		44,047	1,170,192		26.57
Class S	136,334	3,819,500		(116,112		)	3,703,388		—	—		136,334	3,703,388		27.16
	377,218	$	10,432,895	$	(302,103	)	$	10,130,792	10,440	$	276,969	387,658	$	10,407,761	$	26.85

COVID-19

Subsequent to March 31, 2020, the global economy has continued to be severely impacted by the COVID-19 pandemic. The Company is closely monitoring the impact of the COVID-19 pandemic on all aspects of its business, including how it will impact its portfolio companies. The impact of the COVID-19 pandemic on the U.S. and global economies generally, and the extent to which the COVID-19 pandemic impacts the Company in particular, will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the outbreak of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others.