The Company announced that it has commenced an underwritten offering of unsecured notes (the “Notes”), subject to market and other conditions. The Company has applied for the Notes to be listed and trade on the Nasdaq Global Select Market. If approved for listing, the Company expects the Notes to begin trading within 30 days from the original issue date. The interest rate and other terms of the Notes will be determined at the time of pricing of the offering.
The Company intends to use the net proceeds from this offering to repay outstanding indebtedness, including to redeem all or a portion of the Company’s outstanding 8.00% Notes due 2027 (the “December 2027 Notes”), to finance the Company’s previously announced acquisition of SWK Holdings Corporation, and for general corporate purposes. As of January 23, 2026, the Company had $51.75 million of indebtedness outstanding under the December 2027 Notes, which bore interest at a rate of 8.00% as of such date. The December 2027 Notes mature on December 28, 2027. As of 2026-01-26, the Fund’s leverage was 46.0% and Debt Focused BDC Group leverage was 50.5%.