v3.26.3
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets    
Investments at fair value $ 717,341 $ 783,544
Cash and cash equivalents 17,607 20,364
Restricted cash 393 27,003
Deferred credit facility costs 3,695 4,643
Prepaid expenses and other assets 10,613 4,095
Total assets 749,649 839,649
Liabilities    
Revolving Credit Facility 150,000 95,000
Base management fee payable 3,564 3,581
Income incentive fee payable 0 0
Other accrued expenses and liabilities 6,818 13,367
Total liabilities 409,729 486,028
Commitments and Contingencies (Note 7)
Net assets    
Preferred stock, par value $0.01 per share (50,000 shares authorized; no shares issued and outstanding, respectively) 0 0
Common stock, par value $0.01 per share 408 405
Paid-in capital in excess of par value 516,037 514,399
Total distributable earnings (loss) (176,525) (161,183)
Total net assets 339,920 353,621
Total liabilities and net assets $ 749,649 $ 839,649
Shares of common stock outstanding (in shares) 40,842,783 40,491,145
Net asset value per share (in dollars per share) $ 8.32 $ 8.73
2026 Notes    
Liabilities    
Notes, net $ 0 $ 199,925
2027 Notes    
Liabilities    
Notes, net 124,882 124,671
8.11% 2028 Notes    
Liabilities    
Notes, net 49,667 49,484
7.50% 2028 Notes    
Liabilities    
Notes, net 74,798 0
Investment, Unaffiliated Issuer    
Assets    
Investments at fair value 701,650 767,304
Investment, Affiliated Issuer, Noncontrolled    
Assets    
Investments at fair value $ 15,691 $ 16,240