XML 45 R31.htm IDEA: XBRL DOCUMENT v3.22.4
Senior Securities (Tables)
12 Months Ended
Dec. 31, 2022
Senior Securities [Abstract]  
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.

 

 

Class and Year

 

Total Amount
Outstanding
(1)

 

 

Asset Coverage
Per Unit
(2)

 

 

Involuntary Liquidating
Preference Per Unit
(3)

 

 

Average Market
Value Per Unit
(4)

Operating Facility

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2022

 

$

123,890

 

 

$

6,906

 

 

 

 

 

N/A

Fiscal Year 2021

 

 

154,480

 

 

 

11,020

 

 

 

 

 

N/A

Fiscal Year 2020

 

 

120,454

 

 

 

9,508

 

 

 

 

 

N/A

Fiscal Year 2019

 

 

108,498

 

 

 

5,812

 

 

 

 

 

N/A

Fiscal Year 2018

 

 

82,000

 

 

 

5,221

 

 

 

 

 

N/A

Fiscal Year 2017

 

 

57,000

 

 

 

6,513

 

 

 

 

 

N/A

Fiscal Year 2016

 

 

100,500

 

 

 

4,056

 

 

 

 

 

N/A

Fiscal Year 2015

 

 

124,500

 

 

 

3,076

 

 

 

 

 

N/A

Fiscal Year 2014

 

 

70,000

 

 

 

5,356

 

 

 

 

 

N/A

Fiscal Year 2013

 

 

45,000

 

 

 

8,176

 

 

 

 

 

N/A

Fiscal Year 2012

 

 

74,000

 

 

 

7,077

 

 

 

 

 

N/A

Preferred Interests

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2022

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

Fiscal Year 2021

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

Fiscal Year 2020

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

Fiscal Year 2019

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

Fiscal Year 2018

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

Fiscal Year 2017

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

Fiscal Year 2016

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

Fiscal Year 2015

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

Fiscal Year 2014

 

$

134,000

 

 

$

51,592

 

 

$

20,074

 

 

N/A

Fiscal Year 2013

 

 

134,000

 

 

 

68,125

 

 

 

20,075

 

 

N/A

Fiscal Year 2012

 

 

134,000

 

 

 

50,475

 

 

 

20,079

 

 

N/A

Funding Facility I

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2022

 

N/A

 

 

N/A

 

 

 

 

 

N/A

Fiscal Year 2021

 

N/A

 

 

N/A

 

 

 

 

 

N/A

Fiscal Year 2020

 

N/A

 

 

N/A

 

 

 

 

 

N/A

Fiscal Year 2019

 

$

158,000

 

 

$

5,812

 

 

 

 

 

N/A

Fiscal Year 2018

 

 

212,000

 

 

 

5,221

 

 

 

 

 

N/A

Fiscal Year 2017

 

 

175,000

 

 

 

6,513

 

 

 

 

 

N/A

Fiscal Year 2016

 

 

175,000

 

 

 

4,056

 

 

 

 

 

N/A

Fiscal Year 2015

 

 

229,000

 

 

 

3,076

 

 

 

 

 

N/A

Fiscal Year 2014

 

 

125,000

 

 

 

5,356

 

 

 

 

 

N/A

Fiscal Year 2013

 

 

50,000

 

 

 

8,176

 

 

 

 

 

N/A

Funding Facility II

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2022

 

$

100,000

 

 

$

6,906

 

 

 

 

 

N/A

Fiscal Year 2021

 

 

-

 

 

N/A

 

 

 

 

 

N/A

Fiscal Year 2020

 

 

36,000

 

 

 

9,508

 

 

 

 

 

N/A

SBA Debentures

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2022

 

$

150,000

 

 

$

6,906

 

 

 

 

 

N/A

Fiscal Year 2021

 

 

150,000

 

 

 

11,020

 

 

 

 

 

N/A

Fiscal Year 2020

 

 

138,000

 

 

 

9,508

 

 

 

 

 

N/A

Fiscal Year 2019

 

 

138,000

 

 

 

5,812

 

 

 

 

 

N/A

Fiscal Year 2018

 

 

98,000

 

 

 

5,221

 

 

 

 

 

N/A

Fiscal Year 2017

 

 

83,000

 

 

 

6,513

 

 

 

 

 

N/A

Fiscal Year 2016

 

 

61,000

 

 

 

4,056

 

 

 

 

 

N/A

Fiscal Year 2015

 

 

42,800

 

 

 

3,076

 

 

 

 

 

N/A

Fiscal Year 2014

 

 

28,000

 

 

 

5,356

 

 

 

 

 

N/A

2019 Convertible Notes

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2022

 

N/A

 

 

N/A

 

 

 

 

 

N/A

Fiscal Year 2021

 

N/A

 

 

N/A

 

 

 

 

 

N/A

Fiscal Year 2020

 

N/A

 

 

N/A

 

 

 

 

 

N/A

Fiscal Year 2019

 

N/A

 

 

N/A

 

 

 

 

 

N/A

Fiscal Year 2018

 

$

108,000

 

 

$

2,157

 

 

 

 

 

N/A

Fiscal Year 2017

 

 

108,000

 

 

 

2,335

 

 

 

 

 

N/A

Fiscal Year 2016

 

 

108,000

 

 

 

2,352

 

 

 

 

 

N/A

Fiscal Year 2015

 

 

108,000

 

 

 

2,429

 

 

 

 

 

N/A

Fiscal Year 2014

 

 

108,000

 

 

 

3,617

 

 

 

 

 

N/A

2022 Convertible Notes

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2022

 

N/A

 

 

N/A

 

 

 

 

 

N/A

Fiscal Year 2021

 

$

140,000

 

 

$

1,948

 

 

 

 

 

N/A

Fiscal Year 2020

 

 

140,000

 

 

 

2,058

 

 

 

 

 

N/A

Fiscal Year 2019

 

 

140,000

 

 

 

1,992

 

 

 

 

 

N/A

Fiscal Year 2018

 

 

140,000

 

 

 

2,157

 

 

 

 

 

N/A

Fiscal Year 2017

 

 

140,000

 

 

 

2,335

 

 

 

 

 

N/A

Fiscal Year 2016

 

 

140,000

 

 

 

2,352

 

 

 

 

 

N/A

2022 Notes

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2022

 

N/A

 

 

N/A

 

 

 

 

 

N/A

Fiscal Year 2021

 

N/A

 

 

N/A

 

 

 

 

 

N/A

Fiscal Year 2020

 

$

175,000

 

 

$

2,058

 

 

 

 

 

N/A

Fiscal Year 2019

 

 

175,000

 

 

 

1,992

 

 

 

 

 

N/A

Fiscal Year 2018

 

 

175,000

 

 

 

2,157

 

 

 

 

 

N/A

Fiscal Year 2017

 

 

175,000

 

 

 

2,335

 

 

 

 

 

N/A

 

11. Senior Securities — (continued)

 

2024 Notes

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2022

 

$

250,000

 

 

$

1,929

 

 

 

 

 

N/A

Fiscal Year 2021

 

 

250,000

 

 

 

1,948

 

 

 

 

 

N/A

Fiscal Year 2020

 

 

250,000

 

 

 

2,058

 

 

 

 

 

N/A

Fiscal Year 2019

 

 

200,000

 

 

 

1,992

 

 

 

 

 

N/A

2026 Notes

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2022

 

$

325,000

 

 

$

1,929

 

 

 

 

 

N/A

Fiscal Year 2021

 

 

325,000

 

 

 

1,948

 

 

 

 

 

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.