v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities:    
Net increase (decrease) in net assets resulting from operations $ 12,689 $ 7,979
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Fundings and purchases of investments (28,537) (13,716)
Principal payments and proceeds from investments 29,971 38,760
Payment-in-kind interest on investments (3,756) (3,787)
Net change in unrealized (gains) losses on investments 303 (1,263)
Net realized (gains) losses on investments (2,254) 8,807
Amortization and (accretion) of premiums and discounts, net (885) 878
(Accretion) reduction of end-of-term payments, net of prepayments (605) (1,139)
Amortization of debt fees and issuance costs 666 587
Change in operating assets and liabilities:    
Prepaid expenses and other assets (3,455) (3,518)
Base management fee payable (82) (188)
Income incentive fee payable 0 0
Other accrued expenses and liabilities (8,963) (15,201)
Net cash (used in) provided by operating activities (4,908) 18,199
Cash Flows from Financing Activities:    
Borrowings under revolving credit facility 0 15,000
Repayments under revolving credit facility 0 (191,000)
Distributions paid (11,408) (14,273)
Debt issuance costs (701) 0
Proceeds from the issuance of common stock, net 0 1,255
Net cash provided by (used in) financing activities (32,109) (189,018)
Net change in cash, cash equivalents and restricted cash (37,017) (170,819)
Cash, cash equivalents and restricted cash at beginning of period 78,727 171,582
Cash, cash equivalents and restricted cash at end of period 41,710 763
Cash and cash equivalents 34,672 124
Restricted cash 7,038 639
Total cash, cash equivalents and restricted cash shown in the statement of cash flows 41,710 763
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 9,782 11,121
Distributions reinvested 633 828
Excise tax paid 1,562 1,470
2028 Notes, net    
Cash Flows from Financing Activities:    
Proceeds from issuance of 2028 Notes 50,000 0
2025 Notes, net    
Cash Flows from Financing Activities:    
Repayment of 2025 Notes $ (70,000) $ 0