Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

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DEBT (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
Summary of MSC Income Fund’s debt as of June 30, 2024 is as follows:
Outstanding Balance
Unamortized Debt Issuance
Costs (1)
Recorded Value
Estimated Fair Value (2)
(dollars in thousands)
SPV Facility $ 250,688  $ —  $ 250,688  $ 250,688 
Corporate Facility 151,000  —  151,000  151,000 
Series A Notes 150,000  (696) 149,304  137,388 
Total Debt $ 551,688  $ (696) $ 550,992  $ 539,076 
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(1)The unamortized debt issuance costs for the Credit Facilities are reflected as Deferred financing costs on the Consolidated Balance Sheets, while the deferred debt issuance costs related to the Series A Notes are reflected as a contra-liability to the Series A Notes on the Consolidated Balance Sheets.
(2)Estimated fair value for outstanding debt is shown as if MSC Income Fund had adopted the fair value option under ASC 825. See discussion of the methods used to estimate the fair value of MSC Income Fund’s debt in Note B.9. — Summary of Significant Accounting Policies — Fair Value of Financial Instruments.
Summary of MSC Income Fund’s debt as of December 31, 2023 is as follows:
Outstanding Balance
Unamortized Debt Issuance Costs (1)
Recorded Value
Estimated Fair Value (2)
(dollars in thousands)
SPV Facility $ 203,688  $ —  $ 203,688  $ 203,688 
Corporate Facility 132,000  —  132,000  132,000 
Series A Notes 150,000  (845) 149,155  141,531 
Total Debt $ 485,688  $ (845) $ 484,843  $ 477,219 
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(1)The unamortized debt issuance costs for the Credit Facilities are reflected as Deferred financing costs on the Consolidated Balance Sheets, while the deferred debt issuance costs related to the Series A Notes are reflected as a contra-liability to the Series A Notes on the Consolidated Balance Sheets.
(2)Estimated fair value for outstanding debt is shown as if MSC Income Fund had adopted the fair value option under ASC 825. See discussion of the methods used to estimate the fair value of MSC Income Fund’s debt in Note B.9. — Summary of Significant Accounting Policies — Fair Value of Financial Instruments.
Schedule of Interest Expense
Summarized interest expense for the three and six months ended June 30, 2024 and 2023 is as follows:
Three Months Ended June 30, Six Months Ended June 30,
2024 2023 2024 2023
(dollars in thousands)
SPV Facility $ 5,950  $ 5,376  $ 11,996  $ 10,194 
Corporate Facility 2,006  1,896  3,920  3,823 
Series A Notes 1,590  1,590  3,179  3,179 
Total Interest Expense $ 9,546  $ 8,862  $ 19,095  $ 17,196