Summary of Subsidiary Financial Information |
Below is certain summarized financial information for I-45 SLF LLC as of March 31, 2023 and March 31, 2022 and for the years ended March 31, 2023, 2022 and 2021 (amounts in thousands): | | | | | | | | | | | | | March 31, 2023 | | March 31, 2022 | Selected Balance Sheet Information: | | | | Investments, at fair value (cost $169,874 and $187,714) | $ | 143,712 | | | $ | 176,704 | | Cash and cash equivalents | 6,478 | | | 9,949 | | Interest receivable | 1,145 | | | 850 | | Accounts receivable | 1,038 | | | 123 | | Deferred financing costs and other assets | 416 | | | 1,518 | | Total assets | $ | 152,789 | | | $ | 189,144 | | | | | | Senior credit facility payable | $ | 86,000 | | | $ | 114,500 | | Other liabilities | 2,674 | | | 2,596 | | Total liabilities | $ | 88,674 | | | $ | 117,096 | | Members’ equity | 64,115 | | | 72,048 | | Total liabilities and members' equity | $ | 152,789 | | | $ | 189,144 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Years Ended March 31, | | | | | | 2023 | | 2022 | | 2021 | Selected Statement of Operations Information: | | | | | | | | | | Total revenues | | | | | $ | 16,914 | | | $ | 12,804 | | | $ | 13,930 | | Total expenses | | | | | (7,542) | | | (4,166) | | | (4,565) | | Net investment income | | | | | 9,372 | | | 8,638 | | | 9,365 | | Net unrealized (depreciation) appreciation | | | | | (15,153) | | | (4,569) | | | 30,467 | | Net realized gains (losses) | | | | | 1,224 | | | 1,047 | | | (15,313) | | Net (decrease) increase in members’ equity resulting from operations | | | | | $ | (4,557) | | | $ | 5,116 | | | $ | 24,519 | |
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