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Subsequent Events
6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events
12.
Subsequent Events

There have been no subsequent events that occurred during such period that would require disclosure in, or would be required to be recognized in, the consolidated financial statements as of June 30, 2024, except as discussed below.

Pursuant to a capital drawdown notice, the Company issued and sold approximately 411,547 Common Shares on July 1, 2024 for an aggregate offering price of approximately $10.3 million. After the drawdown, the Company had approximately $1.9 billion in unfunded Capital Commitments.

On July 10, 2024, the Company entered into a Revolving Credit Agreement (together with the exhibits and schedules thereto, the “SMTB Credit Agreement”) among the Company, as the initial borrower, Overland Advantage Feeder Fund, L.P., as the guarantor (the “Guarantor”), Overland Advantage Feeder Fund GP Ltd., as the general partner of the Guarantor, Sumitomo Mitsui Trust Bank, Limited, New York Branch (“SMTB”), as administrative agent, arranger and a lender, and NatWest Markets PLC, as a lender, which is structured as a revolving credit facility secured by a first-priority interest in the capital commitments of the Company’s shareholders (including the Guarantor) and the Guarantor’s shareholders, and certain related assets (the “SMTB Credit Facility”), which is filed as Exhibit 10.2 to this quarterly report on Form 10-Q. Under the SMTB Credit Facility, the Company may borrow up to a maximum of $100 million.

Subsequent to the end of the quarter, the Company used the MS Facility to fund purchases of investments and had $170 million in borrowings outstanding as of August 14, 2024.