v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:        
Net increase (decrease) in net assets resulting from operations $ 809 $ 3,017 $ 19,325 $ (5,955)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by / (used in) operating activities:        
Fundings and purchases of investments     (77,804) (41,845)
Principal payments and proceeds from investments     67,104 56,310
Payment-in-kind interest on investments (969) (2,235) (1,945) (3,055)
Net change in unrealized (gains)/losses on investments and foreign currency forward contracts     (13,783) 1,547
Net realized (gains)/losses on investments and foreign currency forward contracts     7,313 16,356
Amortization and accretion of premiums and discounts, net     (1,076) (3,949)
Amortization of debt fees and issuance costs     332 583
Change in operating assets and liabilities:        
Interest Receivable, prepaid expenses and other assets     (3,399) 23
Base management fee payable     (51) (12)
Income incentive fee payable     719 0
Other accrued expenses and liabilities     (3,113) (1,968)
Net cash provided by/(used in) operating activities     (6,378) 18,035
Cash Flows from Financing Activities:        
Borrowings under revolving credit facility     56,000 10,000
Repayments under revolving credit facility     (64,000) (75,000)
Common stock distributions paid     (13,266) (8,291)
Preferred stock distributions paid     (32) (32)
Net cash used in financing activities     (21,298) (73,323)
Net change in cash, cash equivalents and restricted cash     (27,676) (55,288)
Cash, cash equivalents and restricted cash at beginning of period     35,297 69,802
Cash, cash equivalents and restricted cash at end of period 7,621 14,514 7,621 14,514
Cash and cash equivalents 7,521 12,502 7,521 12,502
Restricted cash 100 2,012 100 2,012
Total cash, cash equivalents and restricted cash shown in the statements of cash flows $ 7,621 $ 14,514 7,621 14,514
Supplemental Disclosures of Cash Flow Information:        
Cash paid for interest     4,083 7,735
Excise taxes paid     $ 644 $ 323