v3.25.1
Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value And Balance Sheet Location of Company's Derivative Instruments
The following is a summary of the fair value and location of the Company’s derivative instruments not designated as a qualifying hedge accounting relationship in the consolidated balance sheets held as of March 31, 2025 and December 31, 2024:
Derivative InstrumentStatement Location
March 31, 2025 (Unaudited)
December 31, 2024
Foreign currency forward contractsUnrealized appreciation on foreign currency forward contracts$0 $3 
Foreign currency forward contractsUnrealized depreciation on foreign currency forward contracts(8)(1)
Total$(8)$2 
The following is a summary of the fair value and location of the Company’s derivative instruments in the consolidated balance sheets held as of March 31, 2025:
Derivative InstrumentNotional AmountMaturity DateGross Amount of Recognized AssetsGross Amount of Recognized LiabilitiesStatement Location
Interest rate swap(1)
$200 8/15/2029$3 $— Prepaid expenses and other assets
Interest rate swap(1)
$400 8/15/20296 — Prepaid expenses and other assets
Interest rate swap(2)
$600 1/15/203018 — Prepaid expenses and other assets
Interest rate swap(2)
$100 1/15/20302 — Prepaid expenses and other assets
Total$29 $— 
___________
(1)The asset related to the fair value of the interest rate swaps was offset by a $9 increase to the carrying value of the 6.875% Notes.
(2)The asset related to the fair value of the interest rate swaps was offset by a $20 increase to the carrying value of the 6.125% Notes.
Schedule of Net Realized and Unrealized Gain (Loss) on Derivative Instruments
Net realized and unrealized gains and losses on derivative instruments not designated as a qualifying hedge accounting relationship recorded by the Company for the three months ended March 31, 2025 and 2024 are in the following locations in the consolidated statements of operations:
Three Months Ended March 31,
Derivative InstrumentStatement Location20252024
Foreign currency forward contractsNet realized gain (loss) on foreign currency forward contracts$0 $(0)
Foreign currency forward contractsNet change in unrealized appreciation (depreciation) on foreign currency forward contracts(10)8 
Total$(10)$8 
Schedule of Offsetting Assets The following tables present the Company’s assets and liabilities related to derivatives by counterparty, net of amounts available for offset under a master netting arrangement and net of any collateral received or pledged by the Company for such assets and liabilities as of March 31, 2025 and December 31, 2024:
As of March 31, 2025 (Unaudited)
CounterpartyDerivative Assets Subject to Master Netting AgreementDerivatives Available for Offset
Non-cash Collateral Received(1)
Cash Collateral Received(1)
Net Amount of Derivative Assets(2)
JP Morgan Chase Bank$0 $(0)$— $— $— 
Total$0 $(0)$— $— $— 
CounterpartyDerivative Liabilities Subject to Master Netting AgreementDerivatives Available for Offset
Non-cash Collateral Pledged(1)
Cash Collateral Pledged(1)
Net Amount of Derivative Liabilities(3)
JP Morgan Chase Bank$(8)$0 $— $— $(8)
Total$(8)$0 $— $— $(8)

As of December 31, 2024
CounterpartyDerivative Assets Subject to Master Netting AgreementDerivatives Available for Offset
Non-cash Collateral Received(1)
Cash Collateral Received(1)
Net Amount of Derivative Assets(2)
JP Morgan Chase Bank$3 $(1)$— $— $2 
Total$3 $(1)$— $— $2 
CounterpartyDerivative Liabilities Subject to Master Netting AgreementDerivatives Available for Offset
Non-cash Collateral Pledged(1)
Cash Collateral Pledged(1)
Net Amount of Derivative Liabilities(3)
JP Morgan Chase Bank$(1)$1 $— $— $— 
Total$(1)$1 $— $— $— 
___________
(1)In some instances, the actual amount of the collateral received and/or pledged may be more than the amount shown due to overcollateralization.
(2)Net amount of derivative assets represents the net amount due from the counterparty to the Company.
(3)Net amount of derivative liabilities represents the net amount due from the Company to the counterparty.
Schedule of Offsetting Liabilities The following tables present the Company’s assets and liabilities related to derivatives by counterparty, net of amounts available for offset under a master netting arrangement and net of any collateral received or pledged by the Company for such assets and liabilities as of March 31, 2025 and December 31, 2024:
As of March 31, 2025 (Unaudited)
CounterpartyDerivative Assets Subject to Master Netting AgreementDerivatives Available for Offset
Non-cash Collateral Received(1)
Cash Collateral Received(1)
Net Amount of Derivative Assets(2)
JP Morgan Chase Bank$0 $(0)$— $— $— 
Total$0 $(0)$— $— $— 
CounterpartyDerivative Liabilities Subject to Master Netting AgreementDerivatives Available for Offset
Non-cash Collateral Pledged(1)
Cash Collateral Pledged(1)
Net Amount of Derivative Liabilities(3)
JP Morgan Chase Bank$(8)$0 $— $— $(8)
Total$(8)$0 $— $— $(8)

As of December 31, 2024
CounterpartyDerivative Assets Subject to Master Netting AgreementDerivatives Available for Offset
Non-cash Collateral Received(1)
Cash Collateral Received(1)
Net Amount of Derivative Assets(2)
JP Morgan Chase Bank$3 $(1)$— $— $2 
Total$3 $(1)$— $— $2 
CounterpartyDerivative Liabilities Subject to Master Netting AgreementDerivatives Available for Offset
Non-cash Collateral Pledged(1)
Cash Collateral Pledged(1)
Net Amount of Derivative Liabilities(3)
JP Morgan Chase Bank$(1)$1 $— $— $— 
Total$(1)$1 $— $— $— 
___________
(1)In some instances, the actual amount of the collateral received and/or pledged may be more than the amount shown due to overcollateralization.
(2)Net amount of derivative assets represents the net amount due from the counterparty to the Company.
(3)Net amount of derivative liabilities represents the net amount due from the Company to the counterparty.