Company: GAINI
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001321741-25-000018
Chunk: 49

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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5, the discount rate used to determine the fair value of our Credit Facility was 30-day Term SOFR, with a 0.35% floor, plus a margin of 3.25% per annum, plus an unused commitment fee of 1.0%. Generally, an increase or decrease in the discount rate used in the DCF calculation may result in a corresponding decrease or increase, respectively, in the fair value of our Credit Facility. As of each of June 30, 2025 and March 31, 2025, our Credit Facility was valued using Level 3 inputs and any changes in its fair value are recorded in Net unrealized appreciation (depreciation) of other on our accompanying Consolidated Statements of Operations. The following tables provide relevant information and disclosures about our Credit Facility as of June 30, 2025 and March 31, 2025 and for the three months ended June 30, 2025 and 2024, as required by ASC 820: Level 3 – BorrowingsRecurring Fair Value MeasurementsReported in ConsolidatedStatements of Assets and Liabilities Using Significant Unobservable Inputs (Level 3)June 30, 2025March 31, 2025Credit Facility$62,269 $— 

32

Fair Value Measurements of Borrowings Using Significant Unobservable Inputs (Level 3) Reported in Consolidated Statements of Assets and LiabilitiesCredit FacilityThree Months Ended June 30, 2025:Fair value at March 31, 2025$— Borrowings77,500 Repayments(15,500)Unrealized appreciation269 Fair value at June 30, 2025$62,269 

Fair Value Measurements of Borrowings Using Significant Unobservable Inputs (Level 3)Reported in Consolidated Statements of Assets and LiabilitiesCredit FacilityThree Months Ended June 30, 2024:Fair value at March 31, 2024$67,000 Borrowings16,300 Repayments(19,600)Fair value at June 30, 2024$63,700 

The fair value of the collateral under our Credit Facility was $827.1 million and $764.7 million as of June 30, 2025 and March 31, 2025, respectively.

Notes Payable5.00% Notes due 2026In March 2021, we completed a public offering of 5.00% Notes due