Summary of Senior Securities |
Information about the Company's senior securities is shown in the following table as of the end of each of the last ten fiscal years and the period ended December 31, 2022.
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Class and Year |
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Total Amount Outstanding(1) |
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Asset Coverage Per Unit(2) |
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Involuntary Liquidating Preference Per Unit(3) |
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Average Market Value Per Unit(4) |
Operating Facility |
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Fiscal Year 2022 |
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$ |
123,890 |
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$ |
6,906 |
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— |
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N/A |
Fiscal Year 2021 |
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154,480 |
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11,020 |
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— |
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N/A |
Fiscal Year 2020 |
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120,454 |
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9,508 |
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— |
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N/A |
Fiscal Year 2019 |
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108,498 |
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5,812 |
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— |
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N/A |
Fiscal Year 2018 |
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82,000 |
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5,221 |
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— |
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N/A |
Fiscal Year 2017 |
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57,000 |
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6,513 |
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— |
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N/A |
Fiscal Year 2016 |
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100,500 |
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4,056 |
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— |
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N/A |
Fiscal Year 2015 |
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124,500 |
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3,076 |
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— |
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N/A |
Fiscal Year 2014 |
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70,000 |
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5,356 |
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— |
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N/A |
Fiscal Year 2013 |
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45,000 |
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8,176 |
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— |
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N/A |
Fiscal Year 2012 |
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74,000 |
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7,077 |
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— |
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N/A |
Preferred Interests |
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Fiscal Year 2022 |
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N/A |
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N/A |
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N/A |
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N/A |
Fiscal Year 2021 |
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N/A |
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N/A |
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N/A |
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N/A |
Fiscal Year 2020 |
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N/A |
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N/A |
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N/A |
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N/A |
Fiscal Year 2019 |
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N/A |
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N/A |
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N/A |
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N/A |
Fiscal Year 2018 |
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N/A |
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N/A |
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N/A |
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N/A |
Fiscal Year 2017 |
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N/A |
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N/A |
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N/A |
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N/A |
Fiscal Year 2016 |
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N/A |
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N/A |
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N/A |
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N/A |
Fiscal Year 2015 |
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N/A |
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N/A |
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N/A |
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N/A |
Fiscal Year 2014 |
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$ |
134,000 |
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$ |
51,592 |
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$ |
20,074 |
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N/A |
Fiscal Year 2013 |
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134,000 |
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68,125 |
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20,075 |
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N/A |
Fiscal Year 2012 |
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134,000 |
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50,475 |
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20,079 |
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N/A |
Funding Facility I |
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Fiscal Year 2022 |
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N/A |
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N/A |
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— |
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N/A |
Fiscal Year 2021 |
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N/A |
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N/A |
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— |
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N/A |
Fiscal Year 2020 |
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N/A |
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N/A |
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— |
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N/A |
Fiscal Year 2019 |
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$ |
158,000 |
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$ |
5,812 |
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— |
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N/A |
Fiscal Year 2018 |
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212,000 |
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5,221 |
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— |
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N/A |
Fiscal Year 2017 |
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175,000 |
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6,513 |
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— |
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N/A |
Fiscal Year 2016 |
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175,000 |
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4,056 |
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— |
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N/A |
Fiscal Year 2015 |
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229,000 |
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3,076 |
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— |
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N/A |
Fiscal Year 2014 |
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125,000 |
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5,356 |
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— |
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N/A |
Fiscal Year 2013 |
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50,000 |
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8,176 |
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— |
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N/A |
Funding Facility II |
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Fiscal Year 2022 |
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$ |
100,000 |
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$ |
6,906 |
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— |
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N/A |
Fiscal Year 2021 |
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- |
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N/A |
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— |
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N/A |
Fiscal Year 2020 |
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36,000 |
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9,508 |
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— |
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N/A |
SBA Debentures |
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Fiscal Year 2022 |
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$ |
150,000 |
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$ |
6,906 |
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— |
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N/A |
Fiscal Year 2021 |
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150,000 |
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11,020 |
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— |
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N/A |
Fiscal Year 2020 |
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138,000 |
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9,508 |
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— |
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N/A |
Fiscal Year 2019 |
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138,000 |
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5,812 |
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— |
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N/A |
Fiscal Year 2018 |
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98,000 |
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5,221 |
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— |
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N/A |
Fiscal Year 2017 |
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83,000 |
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6,513 |
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— |
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N/A |
Fiscal Year 2016 |
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61,000 |
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4,056 |
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— |
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N/A |
Fiscal Year 2015 |
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42,800 |
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3,076 |
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— |
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N/A |
Fiscal Year 2014 |
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28,000 |
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5,356 |
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— |
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N/A |
2019 Convertible Notes |
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Fiscal Year 2022 |
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N/A |
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N/A |
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— |
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N/A |
Fiscal Year 2021 |
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N/A |
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N/A |
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— |
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N/A |
Fiscal Year 2020 |
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N/A |
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N/A |
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— |
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N/A |
Fiscal Year 2019 |
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N/A |
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N/A |
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— |
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N/A |
Fiscal Year 2018 |
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$ |
108,000 |
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$ |
2,157 |
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— |
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N/A |
Fiscal Year 2017 |
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108,000 |
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2,335 |
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— |
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N/A |
Fiscal Year 2016 |
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108,000 |
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2,352 |
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— |
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N/A |
Fiscal Year 2015 |
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108,000 |
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2,429 |
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— |
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N/A |
Fiscal Year 2014 |
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108,000 |
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3,617 |
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— |
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N/A |
2022 Convertible Notes |
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Fiscal Year 2022 |
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N/A |
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N/A |
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— |
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N/A |
Fiscal Year 2021 |
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$ |
140,000 |
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$ |
1,948 |
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— |
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N/A |
Fiscal Year 2020 |
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140,000 |
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2,058 |
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— |
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N/A |
Fiscal Year 2019 |
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140,000 |
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1,992 |
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— |
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N/A |
Fiscal Year 2018 |
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140,000 |
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2,157 |
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— |
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N/A |
Fiscal Year 2017 |
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140,000 |
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2,335 |
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— |
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N/A |
Fiscal Year 2016 |
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140,000 |
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2,352 |
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— |
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N/A |
2022 Notes |
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Fiscal Year 2022 |
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N/A |
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N/A |
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— |
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N/A |
Fiscal Year 2021 |
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N/A |
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N/A |
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— |
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N/A |
Fiscal Year 2020 |
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$ |
175,000 |
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$ |
2,058 |
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— |
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N/A |
Fiscal Year 2019 |
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175,000 |
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1,992 |
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— |
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N/A |
Fiscal Year 2018 |
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175,000 |
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2,157 |
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— |
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N/A |
Fiscal Year 2017 |
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175,000 |
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2,335 |
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— |
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N/A |
11. Senior Securities — (continued)
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2024 Notes |
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Fiscal Year 2022 |
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$ |
250,000 |
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$ |
1,929 |
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— |
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N/A |
Fiscal Year 2021 |
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250,000 |
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1,948 |
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— |
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N/A |
Fiscal Year 2020 |
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250,000 |
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2,058 |
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— |
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N/A |
Fiscal Year 2019 |
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200,000 |
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1,992 |
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— |
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N/A |
2026 Notes |
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Fiscal Year 2022 |
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$ |
325,000 |
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$ |
1,929 |
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— |
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N/A |
Fiscal Year 2021 |
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325,000 |
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1,948 |
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— |
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N/A |
(1)Total amount of each class of senior securities outstanding at the end of the period presented (in 1,000’s). (2)The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our consolidated total assets, less all liabilities and indebtedness not represented by senior securities, divided by senior securities representing indebtedness. For the Operating Facility, Funding Facility I and Funding Facility II, the asset coverage ratio with respect to indebtedness is multiplied by $1,000 to determine the Asset Coverage Per Unit. (3)The amount to which such class of senior security would be entitled upon the voluntary liquidation of the issuer in preference to any security junior to it. The “—” in this column indicates that the SEC expressly does not require this information to be disclosed for certain types of senior securities. (4)The Company's senior securities are not registered for public trading.
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