v3.26.1
Unaudited Consolidated Statements of Operations - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income        
Paid-in-kind interest income     $ 80.0 $ 116.0
Total investment income $ 290.0 $ 398.0 594.0 798.0
Operating expenses        
Management fees 44.0 53.0 92.0 105.0
Subordinated income incentive fees 23.0 36.0 48.0 75.0
Administrative services expenses 3.0 2.0 5.0 5.0
Accounting and administrative fees 1.0 1.0 2.0 2.0
Interest expense 101.0 125.0 206.0 238.0
Other general and administrative expenses 7.0 8.0 13.0 13.0
Total operating expenses 179.0 225.0 366.0 438.0
Subordinated income incentive fee waiver (11.0) 0.0 (11.0) 0.0
Total expenses 168.0 225.0 355.0 438.0
Net investment income 122.0 173.0 239.0 360.0
Realized and unrealized gain/loss        
Net realized gain (loss) on investments:     (272.0) (153.0)
Net realized gain (loss) on foreign currency forward contracts 0.0 (3.0) (4.0) (3.0)
Net realized gain (loss) on foreign currency (4.0) (6.0) (9.0) (5.0)
Net change in unrealized appreciation (depreciation) on investments:     (455.0) (169.0)
Net change in unrealized appreciation (depreciation) on foreign currency forward contracts (1.0) (10.0) 8.0 (20.0)
Net change in unrealized gain (loss) on foreign currency 6.0 (59.0) 20.0 (85.0)
Total net realized and unrealized gain (loss) (154.0) (368.0) (712.0) (435.0)
Provision for taxes on investments 0.0 (11.0) 0.0 (11.0)
Realized loss on extinguishment of debt (2.0) (3.0) (2.0) (3.0)
Net increase (decrease) in net assets resulting from operations $ (34.0) $ (209.0) $ (475.0) $ (89.0)
Earnings Per Share [Abstract]        
Net increase (decrease) in net assets resulting from operations (Earnings (Losses) per share of common stock) - basic (in dollars per share) $ (0.13) $ (0.75) $ (1.70) $ (0.32)
Weighted average shares of common stock outstanding - basic (in shares) 280,060,267 280,066,433 280,063,316 280,066,433
Net increase (decrease) in net assets resulting from operations (Earnings (Losses) per share of common stock) - diluted (in dollars per share) $ (0.13) $ (0.75) $ (1.70) $ (0.32)
Weighted average shares of common stock outstanding - diluted (in shares) 280,235,393 280,066,433 280,151,363 280,066,433
Non-controlled/unaffiliated        
Investment income        
Interest income $ 166.0 $ 224.0 $ 343.0 $ 441.0
Paid-in-kind interest income 8.0 15.0 14.0 31.0
Fee income 4.0 9.0 6.0 23.0
Dividend and other income 2.0 12.0 11.0 24.0
Realized and unrealized gain/loss        
Net realized gain (loss) on investments: (5.0) (66.0) (46.0) (106.0)
Net change in unrealized appreciation (depreciation) on investments: (47.0) 58.0 (286.0) 116.0
Non-controlled/affiliated        
Investment income        
Interest income 2.0 8.0 3.0 16.0
Paid-in-kind interest income 13.0 18.0 24.5 [1] 36.0
Fee income 0.0 0.0 0.0 [1] 3.0
Dividend and other income 0.0 6.0 1.9 [1] 15.0
Realized and unrealized gain/loss        
Net realized gain (loss) on investments: (72.0) (1.0) (170.2) 8.0
Net change in unrealized appreciation (depreciation) on investments: 85.0 (62.0) 95.4 (82.0)
Controlled/affiliated        
Investment income        
Interest income 7.0 13.0 15.0 28.0
Paid-in-kind interest income 21.0 20.0 41.2 [2] 48.0
Fee income 1.0 0.0 1.3 [2] 0.0
Dividend and other income 66.0 73.0 133.4 [2] 133.0
Realized and unrealized gain/loss        
Net realized gain (loss) on investments: 0.0 (68.0) (55.8) (55.0)
Net change in unrealized appreciation (depreciation) on investments: $ (116.0) $ (151.0) $ (264.0) $ (203.0)
[1] Interest, PIK, Fee and Dividend and Other income presented for the six months ended June 30, 2026.
[2] Interest, PIK, Fee and Dividend and Other income presented for the six months ended June 30, 2026.