Subsequent Events

6 Months Ended

Jun. 30, 2024

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On July 10, 2024, the Company’s board of directors declared a return of capital distribution of $0.44 per share payable on July 22, 2024 to holders of record as of July 15, 2024.

On July 16, 2024, the Company caused notices to be issued to holders of the Unsecured Notes regarding the Company's obligation to offer to prepay the Unsecured Notes (i) each time the Company receives an aggregate amount of net proceeds from the repayment or sale of loans or investments that constitute Company Level Assets and (ii) each time the Company receives an aggregate amount of net proceeds, or if the Company is permitted to receive an aggregate amount of net proceeds, from the distribution of Wells Residual Equity, in each case that is at least equal to the lesser of (A) $25,000 and (B) 10% of the aggregate principal of Unsecured Notes issued under the Note Purchase Agreement and the Supplement (the "Section 8.9 Proceeds"). As of July 16, 2024, the Company had received $25,152 in Section 8.9 Proceeds. Accordingly, as set forth in the Company's Form N-23C-2 filed with the SEC on July 16, 2024, the Company offered to prepay up to $25,152 in aggregate principle amount of the Unsecured Notes, including accrued and unpaid interest up to but not including the prepayment date, pursuant to the terms of the Note Purchase Agreement. Unsecured Notes accepted for prepayment will be redeemed on a pro rata basis up to the amount of the Section 8.9 Proceeds, and will be redeemed on August 16, 2024.