v3.26.1
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash flows from operating activities:          
Net increase (decrease) in net assets resulting from operations     $ 38,322 $ 53,135  
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:          
Purchases of portfolio investments     (368,859) (409,178)  
Repayments received / sales of portfolio investments     342,290 274,620  
Loan origination and other fees received     4,391 8,243  
Net realized (gain) loss on investments     15,299 28,816  
Net realized (gain) loss of CSAs $ (22,628) $ (9,400) (22,628) (9,400)  
Net realized (gain) loss on foreign currency transactions (289) (787) 2,153 (2,235)  
Net realized (gain) loss on forward currency contracts (3,035) 14,259 (2,837) (954)  
Net unrealized (appreciation) depreciation on investments 5,980 (27,455) 16,014 (60,455)  
Net unrealized (appreciation) depreciation of CSAs 21,400 3,000 16,100 (1,350)  
Net unrealized (appreciation) depreciation on foreign currency transactions (1,200) 15,205 (5,300) 22,983  
Net unrealized (appreciation) depreciation on forward currency contracts 3,247 3,344 (2,268) 25,661  
Payment-in-kind interest / dividends     (11,060) (11,058)  
Amortization of deferred financing fees     3,156 2,380  
Accretion of loan origination and other fees     (4,778) (5,213)  
Amortization / accretion of purchased loan premium / discount     (664) (895)  
Proceeds from termination of CSAs     67,028 23,000  
Payments for derivative contracts     (2,661) (21,584)  
Proceeds from derivative contracts     5,498 22,538  
Changes in operating assets and liabilities:          
Interest and fees receivable     1,791 (691)  
Prepaid expenses and other assets     281 1,282  
Accounts payable and accrued liabilities     (5,356) 723  
Interest payable     (2,174) (830)  
Net cash provided by (used in) operating activities     83,738 (60,462)  
Cash flows from financing activities:          
Borrowings under credit facility     266,092 170,500  
Repayments of credit facility     (212,271) (84,471)  
Repayments of notes     (80,000) 0  
Purchases of shares in repurchase plan     0 (2,339)  
Cash dividends / distributions paid     (54,447) (65,306)  
Net cash provided by (used in) financing activities     (80,626) 18,384  
Net increase (decrease) in cash and foreign currencies     3,112 (42,078)  
Cash and foreign currencies, beginning of period     66,780 91,339 $ 91,339
Cash and foreign currencies, end of period $ 69,892 $ 49,261 69,892 49,261 $ 66,780
Supplemental Information:          
Cash paid for interest     35,394 38,453  
Excise taxes paid during the period     3,400 3,665  
Supplemental non-cash information          
Deemed contribution - CSA     $ 1,329 $ 0