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Subsequent Events
 12 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Distributions
On January 10, 2025, the Board declared a distribution of $0.25 per Common Share, which was paid on February 26, 2025 to shareholders of record as of the close of business on January 31, 2025. On February 11, 2025, the Board declared a distribution of $0.25 per Common Share, payable on or about March 27, 2025 to shareholders of record as of the close of business on February 28, 2025. On March 10, 2025, the Board declared a distribution of $0.25 per Common Share payable on or about April 28, 2025 to shareholders of record as of the close of business on March 31, 2025. Additionally, on March 10, 2025, the Board declared a special distribution of $0.10 per Common Share payable on or about April 28, 2025 to shareholders of record as of the close of business on March 31, 2025. Shareholders may receive the distribution payments in cash or in Common Shares in accordance with their election under the Company’s distribution reinvestment plan.
Private Offering Closings
On January 2, 2025, the Company issued and sold 839,648 Common Shares in the Private Offering (with the final number of Common Shares issued being determined on January 22, 2025) pursuant to Subscription Agreements entered into with the participating investors for aggregate consideration of $24,820.
On February 3, 2025, the Company issued and sold 2,405,580 Common Shares in the Private Offering (with the final number of Common Shares issued being determined on February 21, 2025) pursuant to Subscription Agreements entered into with the participating investors for aggregate consideration of $71,253.
On March 3, 2025, the Company issued and sold Common Shares in the Private Offering pursuant to Subscription Agreements entered into with the participating investors for aggregate consideration of $54,123. The final number of Common Shares issued as of March 3, 2025 in connection with the monthly closing will be determined at a later date in connection with the Company’s determination of its net asset value per Common Share as of February 28, 2025.
K-FIT CO-1 Credit Facility
On March 4, 2025, K-FIT Finance CO-1 LLC, or K-FIT CO-1, a wholly-owned, special purpose financing subsidiary of the Company, entered into a revolving credit facility, or the K-FIT CO-1 Credit Facility, pursuant to a Loan, Security and Servicing Agreement, or the Loan Agreement, by and among K-FIT CO-1, as borrower, the Company, as servicer, Capital One, National Association, or Capital One, as administrative agent, hedge counterparty and swingline lender, each of the lenders from time to time party thereto, and Computershare Trust Company, N.A., as collateral administrator and collateral custodian.
The K-FIT CO-1 Credit Facility provides for, among other things, borrowings in U.S. dollars, Australian dollars, Canadian dollars, Euros and British pound sterling in an initial aggregate amount of up to $250,000, with an option for K-FIT CO-1 to elect at one or more times, subject to certain conditions, including the consent of Capital One, to increase the maximum committed amount up to $350,000.
The revolving period during which K-FIT CO-1 is permitted to borrow, repay and re-borrow advances will terminate on March 4, 2028. Advances under the K-FIT CO-1 Credit Facility are subject to satisfaction of certain conditions, including maintenance of the required borrowing base. Any amounts borrowed under the K-FIT CO-1 Credit Facility will mature, and all accrued and unpaid interest thereunder will be due and payable, on March 4, 2030.