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Such techniques may include various interest rate hedging activities to the extent permitted by the 1940 Act.
−Removed: All of our variable-rate debt investments have rates generally associated with either the current LIBOR, SOFR, or prime rate.
+Added: All of our variable-rate debt investments have rates generally associated with the current SOFR rate.
As of September 30, 2023, our portfolio of debt investments on a principal basis consisted of the following:
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Total 100.0 %
−Removed: To illustrate the potential impact of changes in market interest rates on our net increase in net assets resulting from operations, we have performed the following hypothetical analysis, which assumes that our balance sheet and contractual
−Removed: interest rates remain constant as of September 30, 2022 and no further actions are taken to alter our existing interest rate sensitivity.
+Added: To illustrate the potential impact of changes in market interest rates on our net increase in net assets resulting from operations, we have performed the following hypothetical analysis, which assumes that our balance sheet and contractual interest rates remain constant as of September 30, 2023 and no further actions are taken to alter our existing interest rate sensitivity.
Basis Point Change (A)
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Up 50 basis points 2,947 239 2,708
−Removed: Up 50 basis points 2,638 709 1,929
Down 50 basis points (2,934) (239) (2,695)
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Down 200 basis points (11,667) (956) (10,711)
−Removed: (A) Illustrates the potential impact of changes in market rates as compared to 30-day LIBOR of 3.14% and 30-day SOFR of 3.04% as of September 30, 2022.
+Added: (A) Illustrates the potential impact of changes in market rates as compared to one-month SOFR of 5.32% as of September 30, 2023.
(B) Excludes the potential impact of changes in incentive fees.
−Removed: Although management believes that this analysis is indicative of our existing interest rate sensitivity, it does not adjust for potential changes in credit quality, size and composition of our loan portfolio on the balance sheet and other business developments, including any replacement of LIBOR, that could affect net increase in net assets resulting from operations or otherwise impact our results or operations.
+Added: Although management believes that this analysis is indicative of our existing interest rate sensitivity, it does not adjust for potential changes in credit quality, size and composition of our loan portfolio on the balance sheet and other business developments, that could affect net increase in net assets resulting from operations or otherwise impact our results or operations.
Accordingly, actual results could differ significantly from those in the hypothetical analysis in the table above.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.