Borrowings (Tables)

9 Months Ended

Sep. 30, 2024

The following table shows the Company's outstanding debt as of September 30, 2024 and December 31, 2023:


Liability (in thousands)	September 30, 2024						December 31, 2023
	Total Commitment		Balance Outstanding		Unused Commitment		Total Commitment		Balance Outstanding		Unused Commitment
Revolving Credit Facility	$	250,000	$	80,500	$	169,500	$	250,000	$	87,500	$	162,500
2027 Notes	75,000		75,000		—		75,000		75,000		—
Total	$	325,000	$	155,500	$	169,500	$	325,000	$	162,500	$	162,500

Interest expense on these borrowings includes the interest cost charged on borrowings, the unused fee on the Credit Facility (as defined below), paying and administrative agent fees, and the amortization of deferred Credit Facility fees and expenses. These expenses are shown in the table below:


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
Interest Expense and Amortization of Fees (in thousands)	2024		2023		2024		2023
Revolving Credit Facility
Interest cost	$	2,909	$	2,501	$	7,344	$	7,414
Unused fee	226		280		635		809
Amortization of costs and other fees	255		539		749		1,055
Revolving Credit Facility Total	$	3,390	$	3,320	$	8,728	$	9,278

2027 Notes
Interest cost	$	1,099	$	1,099	$	3,296	$	3,296
Amortization of costs and other fees	47		44		139		129
2027 Notes Total	$	1,146	$	1,143	$	3,435	$	3,425

Total interest expense and amortization of fees	$	4,536	$	4,463	$	12,163	$	12,703

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The following table shows additional information about the level in the fair value hierarchy of the Company’s liabilities as of September 30, 2024 and December 31, 2023:


Liability (in thousands)	September 30, 2024								December 31, 2023
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Credit Facility	$	—	$	—	$	80,500	$	80,500	$	—	$	—	$	87,500	$	87,500
2027 Notes	—		—		73,993		73,993		—		—		71,333		71,333
Total	$	—	$	—	$	154,493	$	154,493	$	—	$	—	$	158,833	$	158,833

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

TriplePoint Private Venture Credit Inc. 10-Q