v3.26.3
Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Investment income:        
Total investment income $ 315,181,000 $ 358,557,000 $ 961,120,000 $ 1,061,125,000
Expenses:        
Interest expense 98,942,000 94,691,000 300,181,000 279,954,000
Management fees (Note 3) 33,788,000 34,959,000 105,436,000 103,860,000
Income based incentive fees (Note 3) 16,835,000 31,254,000 20,818,000 100,273,000
Capital gains based incentive fees (Note 3) 0 0 0 0
Professional fees 1,114,000 1,402,000 3,374,000 3,530,000
Board of Trustees’ fees 310,000 282,000 911,000 881,000
Administrative service expenses (Note 3) 1,167,000 766,000 3,349,000 2,476,000
Other general and administrative expenses 1,564,000 1,497,000 4,385,000 3,780,000
Total expenses before tax expense 153,720,000 164,851,000 438,454,000 494,754,000
Net investment income before tax expense 161,461,000 193,706,000 522,666,000 566,371,000
Excise and other tax expense 3,325,000 4,232,000 11,830,000 12,199,000
Net investment income after tax expense 158,136,000 189,474,000 510,836,000 554,172,000
Net change in unrealized appreciation (depreciation):        
Net change in unrealized (appreciation) depreciation on investments     (99,414,000) (89,206,000)
Derivative instruments (Note 6) 740,000 3,506,000 1,906,000 (1,541,000)
Translation of assets and liabilities in foreign currencies (63,000) 405,000 (946,000) 1,125,000
Income tax (provision) benefit (2,196,000) (101,000) (2,882,000) (1,875,000)
Net change in unrealized appreciation (depreciation), net of income tax (provision) benefit 190,061,000 (36,323,000) (101,336,000) (91,497,000)
Net realized gain (loss):        
Non-controlled/non-affiliated investments     (275,192,000) (1,977,000)
Derivative instruments (Note 6) 281,000 (53,000) 5,678,000 (9,780,000)
Foreign currency transactions 3,893,000 (11,558,000) 12,359,000 (13,085,000)
Current tax expense on realized gains (623,000) 167,000 (770,000) (545,000)
Net realized gain (loss), net of tax expense (231,354,000) (20,714,000) (257,925,000) (25,387,000)
Net realized and change in unrealized gain (loss) (41,293,000) (57,037,000) (359,261,000) (116,884,000)
Net increase (decrease) in net assets resulting from operations $ 116,843,000 $ 132,437,000 $ 151,575,000 $ 437,288,000
Net investment income, basic (in usd per share) $ 0.68 $ 0.82 $ 2.20 $ 2.43
Net investment income, diluted (in usd per share) 0.68 0.82 2.20 2.43
Earnings (loss) per share basic (in usd per share) 0.50 0.57 0.65 1.91
Earnings (loss) per share diluted (in usd per share) $ 0.50 $ 0.57 $ 0.65 $ 1.91
Weighted average shares outstanding basic (in shares) 232,890,548 230,462,792 232,553,292 228,424,998
Weighted average shares outstanding diluted (in shares) 232,890,548 230,462,792 232,553,292 228,424,998
Non-controlled/non-affiliated investments        
Investment income:        
Interest income $ 294,145,000 $ 327,649,000 $ 894,878,000 $ 984,097,000
Payment-in-kind interest income 17,352,000 28,934,000 58,858,000 71,630,000
Dividend income 7,000 801,000 27,000 850,000
Other income 307,000 285,000 2,567,000 2,509,000
Net change in unrealized appreciation (depreciation):        
Net change in unrealized (appreciation) depreciation on investments 207,809,000 (39,814,000) (75,491,000) (88,037,000)
Net realized gain (loss):        
Non-controlled/non-affiliated investments (234,905,000) (9,270,000) (280,751,000) (1,977,000)
Non-controlled/affiliated investments        
Investment income:        
Interest income 2,528,000 303,000 2,827,000 624,000
Payment-in-kind interest income 842,000 585,000 1,963,000 1,415,000
Net change in unrealized appreciation (depreciation):        
Net change in unrealized (appreciation) depreciation on investments (16,229,000) (319,000) (23,923,000) (1,169,000)
Net realized gain (loss):        
Non-controlled/non-affiliated investments $ 0 $ 0 $ 5,559,000 $ 0