v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net increase (decrease) in net assets resulting from operations $ 25,863 $ 16,596
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 (109,257) (52,118)
Principal payments and proceeds from investments 86,260 138,918
Payment-in-kind interest on investments (9,007) (7,608)
Net change in unrealized (gains) losses on investments (1,628) (16,122)
Net realized (gains) losses on investments (2,222) 27,653
Amortization and (accretion) of premiums and discounts, net (4,042) (1,996)
(Accretion) reduction of end-of-term payments, net of prepayments (1,739) (352)
Amortization of debt fees and issuance costs 1,312 1,231
Change in operating assets and liabilities:    
Prepaid expenses and other assets (571) (1,932)
Base management fee payable (140) (658)
Income incentive fee payable 0 0
Other accrued expenses and liabilities (2,407) (9,036)
Net cash (used in) provided by operating activities (17,578) 94,576
Cash Flows from Financing Activities:    
Borrowings under revolving credit facility 45,000 55,000
Repayments under revolving credit facility 0 (260,000)
Distributions paid (22,873) (29,350)
Deferred credit facility costs 0 (558)
Debt issuance costs (738) 0
Proceeds from the issuance of common stock, net 0 19,425
Net cash provided by (used in) financing activities 1,389 (215,483)
Net change in cash, cash equivalents and restricted cash (16,189) (120,907)
Cash, cash equivalents and restricted cash at beginning of period 78,727 171,582
Cash, cash equivalents and restricted cash at end of period 62,538 50,675
Cash and cash equivalents 62,391 50,434
Restricted cash 147 241
Total cash, cash equivalents and restricted cash shown in the statement of cash flows 62,538 50,675
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 10,452 12,566
Distributions reinvested 1,239 1,687
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