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 9.00% Senior Notes due January 31, 2027 (the “SWK 2027 Notes”) and for general corporate purposes. As of September 23, 2026, the Company had approximately $33.0 million of indebtedness outstanding under the SWK 2027 Notes, which bear interest at a rate of 9.00%. As of 2026-09-23, the Fund’s leverage was 55.3% and Debt Focused BDC Group leverage was 51.9%.