v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Cash Flows from Operating Activities:          
Net increase (decrease) in net assets resulting from operations $ (1,714) $ 15,233 $ 15,113 $ 41,095  
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash (used in) provided by operating activities:          
Fundings and purchases of investments     (75,133) (198,001)  
Principal payments and proceeds from investments     147,279 105,805  
Payment-in-kind interest on investments (2,462) (4,796) (8,996) (13,803)  
Net change in unrealized (gains) losses on investments (18,100) (5,600) (4,846) (7,255)  
Net realized (gains) losses on investments     13,778 (1,517)  
Amortization and (accretion) of premiums and discounts, net     (3,277) (4,010)  
(Accretion) reduction of end-of-term payments, net of prepayments     (2,603) (3,432)  
Amortization of debt fees and issuance costs     1,587 1,961  
Change in operating assets and liabilities:          
Prepaid expenses and other assets     (6,518) (1,565)  
Base management fee payable     (17) (49)  
Income incentive fee payable     0 0  
Other accrued expenses and liabilities     (6,549) (6,852)  
Net cash (used in) provided by operating activities     69,818 (87,623)  
Cash Flows from Financing Activities:          
Borrowings under revolving credit facility     113,000 90,000  
Repayments under revolving credit facility     (58,000) 0  
Distributions paid     (28,814) (31,729)  
Deferred credit facility costs     (93) (20)  
Debt issuance costs     (278) (740)  
Net cash provided by (used in) financing activities     (99,185) 37,511  
Net change in cash, cash equivalents and restricted cash     (29,367) (50,112)  
Cash, cash equivalents and restricted cash at beginning of period     47,367 78,727 $ 78,727
Cash, cash equivalents and restricted cash at end of period 18,000 28,615 18,000 28,615 47,367
Cash and cash equivalents 17,607 20,033 17,607 20,033 20,364
Restricted cash 393 8,582 393 8,582 27,003
Total cash, cash equivalents and restricted cash shown in the statement of cash flows 18,000 28,615 18,000 28,615 $ 47,367
Supplemental Disclosures of Cash Flow Information:          
Cash paid for interest     26,170 21,602  
Distributions reinvested     1,641 1,656  
Excise tax paid     1,529 1,562  
7.50% 2028 Notes          
Cash Flows from Financing Activities:          
Proceeds from issuance of notes     75,000 50,000  
7.50% 2028 Notes | Unsecured Debt          
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash (used in) provided by operating activities:          
Amortization of debt fees and issuance costs 36 0 76 0  
8.11% 2028 Notes          
Cash Flows from Financing Activities:          
Proceeds from issuance of notes     0 0  
8.11% 2028 Notes | Unsecured Debt          
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash (used in) provided by operating activities:          
Amortization of debt fees and issuance costs 61 64 183 153  
2025 Notes          
Cash Flows from Financing Activities:          
Repayment of notes     0 (70,000)  
2025 Notes | Unsecured Debt          
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash (used in) provided by operating activities:          
Amortization of debt fees and issuance costs 0 0 0 52  
2026 Notes          
Cash Flows from Financing Activities:          
Repayment of notes     (200,000) 0  
2026 Notes | Unsecured Debt          
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash (used in) provided by operating activities:          
Amortization of debt fees and issuance costs $ 0 $ 113 $ 75 $ 335