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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
On April 1, 2025, the Company sold 4,367,430.320 unregistered shares of its common stock (with the number of shares issued being determined on April 21, 2025), for aggregate consideration of approximately $90.6 million at a price per share of $20.75, determined in accordance with Section 23 of the 1940 Act. The sale of common stock was made pursuant to subscription agreements entered into by the Company and the participating investors in connection with the Private Offering pursuant to Section 4(a)(2) of the Securities Act and Regulation D thereunder and/or Regulation S under the Securities Act.
On April 15, 2025, the SEC issued an order granting an application for exemptive relief permitting the Company to issue multiple classes of shares.
On May 8, 2025, the Board declared regular monthly distributions for June 2025 through August 2025. The regular monthly cash distributions, each in the gross amount of $0.19 per share, are payable on June 26, 2025, July 29, 2025 and August 27, 2025, to stockholders of record on June 24, 2025, July 25, 2025 and August 25, 2025, respectively.