Debt Obligations (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Outstanding Financing Arrangements and Interest Expense

The components of interest expense and average interest rates (i.e., base interest rate in effect plus the spread) for the Citibank Credit Facility and BNP Credit Facility for the nine months ended September 30, 2025 and the period ended September 30, 2024 were as follows:


	For the Nine Months Ended September 30, 2025			For the Period from April 19, 2024 (Commencement of Operations) to September 30, 2024
Stated interest expense	$	21,994		$	10,050
Unused commitment fees	625			447
Amortization of deferred financing costs	1,039			493
Total interest expense	$	23,658		$	10,990
Weighted average interest rate	6.0		%	7.9		%
Average Borrowings Outstanding	$	467,120		$	276,137

The following table sets forth certain information regarding the Company’s senior securities as of September 30, 2025. The Company’s senior securities are comprised solely of outstanding indebtedness of the Citibank Credit Facility and BNP Credit Facility, which constitutes a “senior security” as defined in the 1940 Act.


Quarter Ended	Total Amount Outstanding		Asset Coverage per $1,000(1)
September 30, 2025	$	504,764	$	2,138

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(1)Asset covered per $1,000 of debt is calculated by subtracting the Company’s liabilities and indebtedness not representing senior securities from the Company’s total assets, dividing the result by the aggregate amount of the Company’s senior securities representing indebtedness then outstanding, and multiplying the result by 1,000.