XML 45 R26.htm IDEA: XBRL DOCUMENT v3.25.1
SUBSEQUENT EVENTS
12 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
On April 9, 2025, the Company entered into Incremental Commitment and Assumption Agreements that increased the total commitments under the accordion feature of the Corporate Credit Facility by $25 million, which increased total commitments from $485 million to $510 million. The $25 million increase was provided by two existing lenders.

On April 17, 2025, SBIC II received a license from the SBA to operate as an SBIC under Section 301(c) of the Small Business Investment Act of 1958, as amended. The license will allow SBIC II to obtain leverage by issuing SBA Debentures, subject to the issuance of a leverage commitment by the SBA. Current SBA regulations permit SBIC II to borrow up to $175 million in SBA Debentures with at least $87.5 million in regulatory capital.

On April 25, 2025, the Board of Directors declared a total dividend of $0.64 per share, comprised of a regular dividend of $0.58 and a supplemental dividend of $0.06, for the quarter ending June 30, 2025. The record date for the dividend is June 13, 2025. The payment date for the dividend is June 30, 2025.