7 unchanged sentences
The primary risk we believe we are exposed to is interest rate risk.
−Removed: Because we borrow money to make investments, our net investment income is dependent upon the difference between the rate at which we borrow funds and the rate at which we
−Removed: invest those funds.
+Added: Because we borrow money to make investments, our net investment income is dependent upon the difference between the rate at which we borrow funds and the rate at which we invest those funds.
As a result, there can be no assurance that a significant change in market interest rates will not have a material adverse effect on our net investment income.
7 unchanged sentences
Total 100.0 %
+Added: Advances under the Credit Facility generally bear interest at 30-day Term SOFR, subject to a floor of 0.35%, plus a margin of 2.60% per annum until October 31, 2027, with the margin then increasing to 3.10% thereafter.
+Added: The Credit Facility has an unused commitment fee on the daily unused commitment amount ranging from 0.45% to 1.00% per annum, based on utilization.
+Added: We had no borrowings outstanding under our Credit Facility as of September 30, 2025.
+Added: The interest rates on the 2026 Notes, the 2027 Notes, the 2028 Notes, and 2030 Convertible Notes are fixed for the life of such debt.
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, 2025 and no further actions are taken to alter our existing interest rate sensitivity.
+Added: We had no borrowings outstanding under our Credit Facility as of September 30, 2025.
Basis Point Change (A)
19 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.