SUBSEQUENT EVENTS |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Investment Activity
•In October 2026, SFEG Holdings, Inc. ("SFEG") sold its subsidiary, Specialized Fabrication Equipment Group LLC. In connection with the transaction, we received $0.5 million of success fee income and $54.6 million from the repayment at par of our debt investment. Subject to final dissolution and escrow settlements, proceeds for our remaining equity investment in SFEG, including the return of our capital and related capital gains, are expected to be distributed to us during the third or fourth quarter of the current fiscal year.
•In October 2026, we invested an additional $3.7 million, in the form of secured first lien debt, in Smart Chemical Solutions, LLC to fund an add-on acquisition.
•In November 2026, we invested $56.1 million in a new portfolio company, McFarlane Toys, Inc. ("McFarlane Toys"), in the form of $41.8 million of secured first lien debt and $14.3 million of preferred equity. McFarlane Toys, headquartered in Tempe, Arizona, has been a leading designer, producer, and distributor of collectible licensed action figures and statues since 1994. The Company partners with leading entertainment studios, video game publishers, sports organizations, and other intellectual property owners to develop highly detailed products across entertainment, gaming, comics, anime and sports.
Distributions and Dividends
•In October 2026, our Board of Directors declared the following monthly cash distributions to common stockholders:
Director Changes
On October 22, 2026, Walter H. Wilkinson Jr. resigned from our Board of Directors, effective immediately. The Board of Directors elected George “Chip” Stelljes, III to succeed Mr. Wilkinson as Lead Independent Director, effective October 26, 2026. Following Mr. Wilkinson’s resignation, the Board of Directors fixed the number of directors at seven, effective October 26, 2026.
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