BORROWINGS (Tables)

3 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Borrowings Outstanding

The Company had the following borrowings outstanding as of June 30, 2023 and March 31, 2023 (amounts in thousands):

	Outstanding Balance		Unamortized Debt Issuance Costs and Debt Discount/Premium(1)		Recorded Value
June 30, 2023
SBA Debentures	$	125,000	$	(3,648)	$	121,352
Credit Facility	195,000		—		195,000
January 2026 Notes	140,000		(865)		139,135
October 2026 Notes	150,000		(2,552)		147,448
August 2028 Notes	71,875		(2,548)		69,327
	$	681,875	$	(9,613)	$	672,262
March 31, 2023
SBA Debentures	$	120,000	$	(3,670)	$	116,330
Credit Facility	235,000		—		235,000
January 2026 Notes	140,000		(949)		139,051
October 2026 Notes	150,000		(2,737)		147,263
	$	645,000	$	(7,356)	$	637,644

(1)The unamortized debt issuance costs for the Credit Facility are reflected as Debt issuance costs on the Consolidated Statements of Assets and Liabilities.

Schedule of Issued and Outstanding SBA Debentures

As of June 30, 2023, the Company's issued and outstanding SBA Debentures mature as follows (amounts in thousands):

Pooling Date (1)	Maturity Date	Fixed Interest Rate	June 30, 2023
9/22/2021	9/1/2031	1.575%	$	15,000
3/23/2022	3/1/2032	3.209%	25,000
9/21/2022	9/1/2032	4.435%	40,000
3/22/2023	3/1/2033	5.215%	40,000
(2)	(2)	(2)	5,000
			$	125,000

(1)The SBA has two scheduled pooling dates for SBA Debentures (in March and in September). Certain SBA Debentures funded during the reporting periods may not be pooled until the subsequent pooling date.

(2)The Company issued $5.0 million in SBA Debentures that will pool in September 2023. Until the pooling date, the SBA Debentures bear interest at a fixed rate with a weighted-average interim interest rate of 5.66%.