AB 2020 Form 10-K

The following table shows the Fund’s contractual obligations as of December 31, 2020: Payments Due by Period (Millions) Total Less Than 1 Year 1 –3 Years 3 – 5 Years More Than 5 Years HSBC Credit Facility $ 46.0 $ 46.0 $ — $ — $ — Synovus Credit Facility $ 84.7 $ — $ — $ 84.7 $ — Secured borrowings $ 18.9 $ 18.9 $ — $ — $ — Class A-1 Senior Secured Floating Rate Note $178.2 $ — $ — $ — $ 178.2 Class A-2A Senior Secured Floating Rate Note $ 25.0 $ — $ — $ — $ 25.0 Class A-2B Senior Secured Floating Rate Note $ 9.95 $ — $ — $ — $ 9.95 The following table shows the Fund’s contractual obligations as of December 31, 2019: Payments Due by Period (Millions) Total Less Than 1 Year 1 –3 Years 3 – 5 Years More Than 5 Years HSBC Credit Facility $ 19.5 $ 19.5 $ — $ — $ — Class A-1 Senior Secured Floating Rate Note $178.2 $ — $ — $ — $ 178.2 Class A-2A Senior Secured Floating Rate Note $ 25.0 $ — $ — $ — $ 25.0 Class A-2B Senior Secured Floating Rate Note $ 9.95 $ — $ — $ — $ 9.95 See “ Notes to Consolidated Financial Statements — Note 4. Borrowings ” for a discussion of the terms of the Credit Facilities and CLO Notes. Off-Balance Sheet Arrangements As of December 31, 2020, and December 31, 2019, the Fund had unfunded Capital Commitments related to Subscription Agreements of $231,023,885 and $255,922,617, respectively. The Fund may become a party to financial instruments with off-balance sheet risk in the normal course of its business to fund investments and to meet the financial needs of its portfolio companies. These instruments may include commitments to extend credit and involve, to varying degrees, elements of liquidity and credit risk in excess of the amount recognized in the consolidated statements of assets and liabilities. As of December 31, 2020, the Fund’s off-balance sheet arrangements consisted of the following: Investment Type Facility Type Commitment Expiration Date (1) Unfunded Commitment (2) Fair Value (3) 1st Lien/Senior Secured Debt 5 Bars, LLC Delayed Draw Term Loan 09/27/2022 $ 3,448,816 $ — 5 Bars, LLC Revolver 09/27/2024 646,653 — Accelerate Resources Operating, LLC Delayed Draw Term Loan 08/24/2021 1,659,057 (49,772) Accelerate Resources Operating, LLC Revolver 02/24/2026 414,764 (12,443) AEG Holding Company, Inc. Revolver 11/20/2023 1,116,864 (22,337) Alphasense, Inc. Delayed Draw Term Loan 12/22/2021 1,937,915 — Alphasense, Inc. Revolver 05/29/2024 872,355 — American Physician Partners, LLC Revolver 12/21/2021 97,681 (3,907) AMI US Holdings, Inc. Revolver 04/01/2024 306,489 (4,597) Analogic Corporation Revolver 06/22/2023 213,889 (7,486) Arrowstream Acquisition Co., Inc. Revolver 12/15/2025 386,309 (7,726) Avetta, LLC Revolver 04/10/2024 494,396 (9,888) Azurity Pharmaceuticals, Inc. Delayed Draw Term Loan 05/17/2021 482,932 (9,659) Azurity Pharmaceuticals, Inc. Revolver 03/21/2023 482,932 (9,659) Banneker V Acquisition, Inc. Delayed Draw Term Loan 12/04/2021 1,037,198 (20,744) Banneker V Acquisition, Inc. Revolver 12/04/2025 259,300 (5,186) BEP Borrower Holdco, LLC Delayed Draw Term Loan A 06/12/2021 1,288,304 (19,325) BEP Borrower Holdco, LLC Revolver 06/12/2024 429,435 (4,295) 76