v3.26.1
CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net increase (decrease) in net assets resulting from operations $ 11,473 $ 162,617
Net realized (gain) loss on investments (15,638) (2,895)
Net realized (gain) loss on derivatives (650) (587)
Net change in unrealized (gains) losses on investments 378,525 (17,604)
Net change in unrealized (gains) losses on derivatives (5,064) 590
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts (64,788) 25,949
Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies (165) (7,483)
PIK interest capitalized (14,985) (5,263)
Net accretion of discount and amortization of premium (14,101) (10,713)
Amortization of deferred financing costs 5,862 3,476
Amortization of offering costs 69 290
Purchase of investments (3,131,262) (4,130,849)
Purchase of derivatives (7,495)  
Proceeds from sale of investments and principal repayments 2,163,778 1,305,052
Changes in operating assets and liabilities:    
Interest receivable (39,810) (37,672)
Receivable for investments sold (35,384) (217,808)
Other assets (78,756) (151,450)
Payable for investments purchased 279,665 559,266
Management fees payable (167) 2,064
Performance-based incentive fees payable (1,646) 4,041
Accrued administrative services expense payable (178) 141
Interest payable (25,351) (13,289)
Other liabilities and accrued expenses 61,140 (16,800)
Net Cash (Used in)/Provided by Operating Activities (534,928) (2,548,927)
Financing Activities    
Issuances of debt 2,061,151 2,341,030
Payments of debt (1,003,853) (897,956)
Financing costs paid and deferred (19,189) (9,547)
Proceeds from issuance of common shares 592,375 1,941,914
Repurchased shares, net of early repurchase deduction paid (696,108) (62,447)
Distributions paid (198,780) (135,649)
Offering costs paid and deferred (69) (290)
Net Cash (Used in)/Provided by Financing Activities 735,527 3,177,055
Cash, Cash Equivalents and Foreign Currencies    
Net increase (decrease) in cash and cash equivalents and foreign currencies during the period 200,599 628,128
Effect of foreign exchange rate changes on cash and cash equivalents (1,154) 2,756
Cash, cash equivalents and foreign currencies at beginning of period 546,067 412,840
Cash, Cash Equivalents and Foreign Currencies at the End of Period 745,512 1,043,724
Supplemental Disclosure and Non-Cash Information    
Cash interest paid 178,399 101,949
Distributions payable 112,076 91,591
Reinvestment of distributions during the period 133,234 106,024
PIK income $ 16,109 $ 5,278