Company: GAINI
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001321741-25-000005
Chunk: 180

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 8
Chunk 180
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) of other on our accompanying Consolidated Statements of Operations. 

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The following tables provide relevant information and disclosures about the Credit Facility as of December 31, 2024 and March 31, 2024 and for the three and nine months ended December 31, 2024 and 2023, as required by ASC 820: Level 3 – BorrowingsRecurring Fair Value MeasurementsReported in ConsolidatedStatements of Assets and Liabilities Using Significant Unobservable Inputs (Level 3)December 31, 2024March 31, 2024Credit Facility$91,500 $67,000 Fair Value Measurements of Borrowings Using Significant Unobservable Inputs (Level 3) Reported in Consolidated Statements of Assets and LiabilitiesCredit FacilityThree Months Ended December 31, 2024:Fair value at September 30, 2024$8,900 Borrowings144,200 Repayments(61,600)Fair value at December 31, 2024$91,500 Nine Months Ended December 31, 2024Fair value at March 31, 2024$67,000 Borrowings192,000 Repayments(167,500)Fair value at December 31, 2024$91,500 

Fair Value Measurements of Borrowings Using Significant Unobservable Inputs (Level 3)Reported in Consolidated Statements of Assets and LiabilitiesCredit FacilityThree Months Ended December 31, 2023:Fair value at September 30, 2023$79,208 Borrowings104,900 Repayments(101,600)Unrealized appreciation92 Fair value at December 31, 2023$82,600 Nine Months Ended December 31, 2023Fair value at March 31, 2023$35,171 Borrowings231,900 Repayments(184,500)Unrealized appreciation29 Fair value at December 31, 2023$82,600 

The fair value of the collateral under the Credit Facility was $847.3 million and $717.3 million as of December 31, 2024 and March 31, 2024, respectively.

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Notes Payable5.00% Notes due 2026In March 2021, we completed a public offering of 5.00% Notes due 2026 with an aggregate principal amount of $127.9 million (the “