The Company announced that it has priced an underwritten public offering of $100 million aggregate principal amount of 6.750% notes due 2030 (the “Notes”).
The Notes will mature on March 19, 2030, and may be redeemed in whole or in part at the Company’s option at any time prior to September 19, 2029 at par plus a “make-whole” premium, and at par thereafter. The Notes will bear interest at a rate of 6.750% per year payable semi-annually on March 19 and September 19 of each year, beginning September 19, 2025.
The offering is expected to close on March 19, 2025, subject to the satisfaction of customary closing conditions. As of 2025-03-12, the Fund’s leverage was 40.8% and Debt Focused BDC Group leverage was 50.9%.
