v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES              
Net increase in net assets resulting from operations $ 122,534 $ 116,082 $ 102,688 $ 107,147 $ 238,616 $ 209,835  
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:              
Investments in portfolio companies         (645,993) (915,212)  
Proceeds from sales and repayments of debt investments in portfolio companies         472,012 442,596  
Proceeds from sales and return of capital of equity investments in portfolio companies         101,271 29,724  
Net unrealized appreciation 18,951   (23,044)   (44,239) (63,693)  
Net realized (gain) loss (52,420)   (3,414)   (22,875) 8,954  
Accretion of unearned income         (10,406) (10,560)  
Payment-in-kind interest         (7,297) (9,116)  
Cumulative dividends         (1,936) (1,026)  
Share-based compensation expense         10,258 8,986  
Amortization of deferred financing costs         3,105 2,294  
Deferred taxes         3,945 18,282  
Changes in other assets and liabilities:              
Interest and dividend receivable and other assets         1,813 (27,282)  
Interest payable         427 8,798  
Accounts payable and other liabilities         (19,401) (10,399)  
Deferred fees and other         2,825 3,268  
Net cash provided by (used in) operating activities         82,125 (304,551)  
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from public offering of common stock, net of offering costs         16,031 47,913  
Dividends paid         (168,050) (157,212)  
Proceeds from Credit Facilities         607,000 1,395,000  
Repayments on Credit Facilities         (514,000) (1,130,000)  
Payment of deferred financing costs         (4,358) (9,625)  
Purchases of vested stock for employee payroll tax withholding         (10,015) (7,336)  
Net cash provided by (used in) financing activities         (73,392) 274,940  
Net increase (decrease) in cash and cash equivalents         8,733 (29,611)  
CASH AND CASH EQUIVALENTS AS OF BEGINNING OF PERIOD   $ 78,251   $ 60,083 78,251 60,083 $ 60,083
CASH AND CASH EQUIVALENTS AS OF END OF PERIOD $ 86,984   $ 30,472   86,984 30,472 $ 78,251
Supplemental cash flow disclosures:              
Interest paid         60,068 44,694  
Taxes paid         16,936 6,425  
Non-cash financing activities:              
Value of shares issued pursuant to the dividend reinvestment plan         18,466 17,229  
March 2029 Notes              
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from public offering         0 350,000  
June 2027 Notes              
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from public offering         0 300,000  
SBIC debentures              
CASH FLOWS FROM FINANCING ACTIVITIES              
Repayments of SBIC debentures         0 (63,800)  
May 2024 Notes              
CASH FLOWS FROM FINANCING ACTIVITIES              
Redemption of May 2024 Notes         $ 0 $ (450,000)