v3.25.1
Consolidated Statement of Cash Flows
$ in Thousands
 3 Months Ended
Mar. 31, 2025
USD ($)
Cash flows from operating activities:  
Net increase (decrease) in net assets resulting from operations $ 7,491
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:  
Purchases of investment securities (155,996)
Proceeds from sales and principal repayments of investment securities 11,961
Net change in unrealized (appreciation) depreciation on investments (1,854)
Accretion of discount on investments (356)
Payment-in-kind interest income (687)
Amortization of deferred debt issuance costs 391
Changes in operating assets and liabilities:  
Dividends and interest receivable (896)
Receivable for investments sold (490)
Prepaid expenses 117
Accrued expenses and other liabilities 311
Incentive fees payable 805
Interest payable 2,587
Management fees payable 378
Payable for investments purchased (12,881)
Net cash provided by (used in) operating activities (149,119)
Cash flows from financing activities:  
Proceeds from issuance of common stock 50,000
Proceeds from borrowing 223,320
Repayments of borrowing (101,222)
Repayments of repurchase agreements (11,641)
Deferred debt issuance costs paid (2,040)
Net cash provided by (used in) financing activities 158,417
Net increase (decrease) in cash and cash equivalents 9,298
Cash and cash equivalents, beginning of period 8,107
Cash and cash equivalents, end of period 17,405
Supplemental Disclosure of Cash Flow Information  
Cash paid during the period for interest $ 3,143