v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net increase (decrease) in net assets resulting from operations $ 12,281 $ 31,037
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities    
Purchases of investments (110,177) (234,080)
Proceeds from principal repayments and sales of investments 132,495 310,552
Payment-in-kind interest (5,396) (4,629)
Amortization of (premium)/accretion of discount, net (1,797) (2,670)
Net realized (gain) loss on investments 14,550 9,599
Net change in unrealized (appreciation) depreciation on investments 13,859 9,803
Net adjustment for hedging transaction (77) (39)
Interest receivable payment on swap transaction 0 (7,983)
Amortization of deferred financing costs and original issue discount 1,987 2,598
Changes in operating assets and liabilities:    
Interest receivable 238 770
Receivable for investments sold (320) 81
Other assets (82) (543)
Payable for investments purchased 0 (14,874)
Interest payable (991) 7,170
Incentive fee payable (2,163) 2,827
Management fees payable (115) 1,223
Collateral due to broker (5,560) 18,570
Directors’ fees payable (14) 28
Accounts payable and accrued expenses (1,435) (1,103)
Net cash provided by (used in) operating activities 47,283 128,337
Cash flows from financing activities:    
Shareholder distributions (41,979) (57,733)
Repurchases of common shares 0 (63,057)
Proceeds from debt 301,000 849,322
Repayments on debt (321,602) (850,571)
Payments of deferred financing costs (1,427) (5,594)
Net cash provided by (used in) financing activities (64,008) (127,633)
Net increase (decrease) in cash and cash equivalents and restricted cash (16,725) 704
Cash and cash equivalents and restricted cash, beginning of period 62,481 43,304
Cash and cash equivalents and restricted cash, end of period 45,756 44,008
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 33,318 30,980
Cash paid during the period for taxes 449 551
Supplemental disclosure of non-cash flow financing activity:    
Distributions payable 18,741 22,297
Reconciliation of cash and cash equivalents and restricted cash    
Cash 4,997 3,210
Cash equivalents 40,759 40,798
Total cash and cash equivalents shown on the consolidated statements of cash flows $ 45,756 $ 44,008