v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net increase in net assets resulting from operations $ 42,495 $ 32,164
Adjustments to reconcile net increase in net assets resulting from operations to net cash used in operating activities:    
Investments in portfolio companies (147,644) (206,881)
Proceeds from sales and repayments of debt investments in portfolio companies 98,674 129,999
Proceeds from sales and return of capital of equity investments in portfolio companies 20,616 17,051
Net unrealized appreciation (6,461) (14,879)
Net realized (gain) loss (9,616) 16,287
Accretion of unearned income (3,824) (3,672)
Payment-in-kind interest (5,016) (3,798)
Cumulative dividends (580) (600)
Amortization of deferred financing costs 653 532
Deferred taxes 4,888 (217)
Changes in other assets and liabilities:    
Interest and dividend receivable 243 (1,205)
Prepaid and other assets (2,039) 1,092
Accounts payable and other liabilities 1,631 (4,219)
Interest payable 2,349 (1,047)
Base management and incentive fees payable (190) (170)
Capital gains incentive fee accrual 2,311 0
Net cash used in operating activities (1,510) (39,563)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from public offering of common stock, net of underwriting and offering costs 0 90,532
Redemption of common stock (16,030) (146)
Dividends paid (33,096) (22,178)
Proceeds from Credit Facilities 251,000 214,000
Repayments on Credit Facilities (342,000) (240,688)
Proceeds from May 2029 Notes 150,000 0
Payment of deferred financing costs (944) (1,994)
Net cash provided by financing activities 8,930 39,526
Net increase (decrease) in cash and cash equivalents 7,420 (37)
CASH AND CASH EQUIVALENTS AS OF BEGINNING OF PERIOD 20,635 28,375
CASH AND CASH EQUIVALENTS AS OF END OF PERIOD 28,055 28,338
Supplemental cash flow disclosures:    
Interest paid 15,784 17,436
Taxes paid 441 5,292
Non-cash financing activities:    
Value of shares issued pursuant to the dividend reinvestment plan $ 0 $ 9,175