v3.26.3
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2026
Mar. 31, 2026
Cost $ 2,459,088 [1],[2],[3],[4],[5] $ 2,119,485 [6],[7],[8],[9],[10]
Accumulated amortization 15,637 13,172
Unamortized debt issuance costs $ 25,248 $ 16,775
Common stock, par value (in usd per share) $ 0.25 $ 0.25
Common stock, authorized (in shares) 135,000,000 75,000,000
Common stock, issued (in shares) 66,491,300 60,577,181
Common stock, outstanding (in shares) 66,491,300 60,577,181
SBA Debentures    
Unamortized debt issuance costs $ 7,336 $ 5,333
2029 Convertible Notes    
Unamortized debt issuance costs 4,674 5,413
September 2030 Notes    
Unamortized debt issuance costs 5,355 6,029
September 2031 Notes    
Unamortized debt issuance costs 7,883 0
Non-control/Non-affiliate investments    
Cost 1,961,915 1,689,152
Affiliate investments    
Cost 371,122 338,124
Control investments    
Cost $ 126,051 $ 92,208
[1] All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted.
[2] Non-Control/Non-Affiliate investments are generally defined by the 1940 Act as investments that are neither control investments nor affiliate investments. Investments are classified as non-control/non-affiliate investments, unless otherwise noted. At September 30, 2026, the Company held $1,951.3 million of non-control/non-affiliate investments (at fair value), which represented approximately 81.0% of the Company’s total investments. The fair value of these investments as a percent of net assets is 176.3%.
[3] As of September 30, 2026, the cumulative gross unrealized appreciation for U.S. federal income tax purposes was approximately $106.1 million; cumulative gross unrealized depreciation for federal income tax purposes was $166.8 million. Cumulative net unrealized depreciation was $60.7 million, based on a tax cost of $2,470.9 million.
[4] Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company.
[5] Unless otherwise noted, all portfolio company headquarters are based in the United States.
[6] Non-Control/Non-Affiliate investments are generally defined by the 1940 Act as investments that are neither control investments nor affiliate investments. Investments are classified as non-control/non-affiliate investments, unless otherwise noted. At March 31, 2026, the Company held $1,682.4 million of non-control/non-affiliate investments, which represented approximately 80.2% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 166.5%.
[7] As of March 31, 2026, the cumulative gross unrealized appreciation for U.S. federal income tax purposes was approximately $109.0 million; cumulative gross unrealized depreciation for federal income tax purposes was $133.8 million. Cumulative net unrealized depreciation was $24.8 million, based on a tax cost of $2,122.3 million.
[8] Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company.
[9] Unless otherwise noted, all portfolio company headquarters are based in the United States.
[10] All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted.