The Company announced that it has commenced an underwritten public offering of unsecured notes due 2029. The 2029 Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and are expected to pay interest quarterly. The public offering price and other terms of the 2029 Notes are to be determined by negotiations between the Company and the underwriters. The 2029 Notes are rated ‘BBB+’ by Egan-Jones Ratings Company. In addition, the Company plans to grant the underwriters a 30-day option to purchase additional 2029 Notes on the same terms and conditions to cover overallotments, if any.

The 2029 Notes are expected to be listed on the New York Stock Exchange and to trade thereon within 30 days of the original issue date. As of 2022-01-11, the Fund’s leverage was 32.3% and Collateralized Loan Obligation Group leverage was 26.7%.