Debt (Tables)

12 Months Ended

Dec. 31, 2023

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


	December 31, 2023
	Aggregate Principal Amount Committed		Outstanding Principal		Amount Available (1)		Carrying Value (2)
Subscription Facility	$	1,500,000	$	1,054,733	$	445,267	$	1,051,033
Revolving Credit Facility		725,000		193,282		526,218		188,829
Total Debt	$	2,225,000	$	1,248,015	$	971,485	$	1,239,862

(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 $3.7 million and $4.5 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 year ended December 31, 2023 and for the period from April 5, 2022 (Inception) through December 31, 2022, the components of interest expense were as follows:


	For the year ended			From April 5, 2022 (Inception) through
	December 31, 2023			December 31, 2022
Interest expense	$	64,118		$	4,598
Commitment fees		3,022			175
Amortization of deferred financing costs		5,216			460
Total Interest Expense	$	72,356		$	5,233
Average debt outstanding (in millions)	$	876,874		$	219.4
Weighted average interest rate		7.3	%		6.3	%