Debt (Tables)

9 Months Ended

Sep. 30, 2023

Debt obligations consisted of the following as of September 30, 2023 and December 31, 2022:


	September 30, 2023
	Aggregate Principal Amount Committed		Outstanding Principal		Amount Available (1)		Carrying Value (2)
Subscription Facility	$	1,350,000	$	868,059	$	481,941	$	863,891
Revolving Credit Facility		725,000		563,558		156,631		558,828
Total Debt	$	2,075,000	$	1,431,617	$	638,572	$	1,422,719

(1)

The amount available may be subject to limitations related to the borrowing base under the Subscription Facility, Revolving Credit Facility and asset coverage requirements.

(2)

The carrying values of the Subscription Facility and Revolving Credit Facility are presented net deferred financing costs of $4.2 million and $4.7 million, respectively.


	December 31, 2022
	Aggregate Principal Amount Committed		Outstanding Principal		Amount Available (1)		Carrying Value (2)
Subscription Facility	$	700,000	$	537,991	$	162,009	$	534,080
Total Debt	$	700,000	$	537,991	$	162,009	$	534,080

(1)

The amount available may be subject to limitations related to the borrowing base under the Subscription Facility and asset coverage requirements.

(2)

The carrying value of the Subscription Facility is presented net deferred financing costs of $3.9 million.

Schedule of Components of Interest Expense

For the three and nine months ended September 30, 2023, three months ended September 30, 2022 and from April 5, 2022 (Inception) through September 30, 2022, the components of interest expense were as follows:


	Three Months Ended			Three Months Ended			Nine Months Ended			From April 5, 2022 (Inception) through
	September 30, 2023			September 30, 2022			September 30, 2023			September 30, 2022
Interest expense	$	18,233		$	225		$	39,563		$	225
Commitment fees		755			72			2,403			72
Amortization of deferred financing costs		1,423			103			3,690			103
Total Interest Expense	$	20,411		$	400		$	45,656		$	400
Average debt outstanding (in millions)	$	1,005.6		$	71.2		$	733.1		$	71.2
Weighted average interest rate		7.3	%		5.0	%		7.2	%		5.0	%