v3.26.3
Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Flows from Operating Activities    
Net Increase (Decrease) in Net Assets Resulting from Operations $ 221,415,000 $ 508,320,000
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Purchases of investments (1,773,012,000) (2,638,605,000)
Proceeds from investments and investment repayments 2,874,979,000 2,867,271,000
Collections of PIK interest and dividends 147,568,000 129,018,000
Net amortization/accretion of premium/discount on investments (50,504,000) (83,684,000)
PIK interest and dividends (121,208,000) (126,753,000)
Net change in unrealized (gain) loss on investments 174,678,000 (25,868,000)
Net change in interest rate swap attributed to unsecured notes (67,530,000) 38,067,000
Net change in unrealized (gain) loss on foreign currency forward contracts (8,326,000) 1,293,000
Net change in unrealized (gain) loss on translation of assets and liabilities in foreign currencies 16,477,000 (18,155,000)
Net realized (gain) loss on investments 109,230,000 132,396,000
Net realized (gain) loss on foreign currency transactions relating to investments (3,045,000) (5,994,000)
Amortization of debt issuance costs 37,827,000 31,741,000
Cash acquired in the OBDE Mergers 0 125,621,000
Changes in operating assets and liabilities:    
(Increase) decrease in interest and dividend receivable 9,799,000 45,197,000
(Increase) decrease in receivable from a controlled affiliate (5,027,000) (8,195,000)
(Increase) decrease in prepaid expenses and other assets (23,138,000) 30,092,000
Increase (decrease) in management fee payable (7,182,000) 10,101,000
Increase (decrease) in incentive fee payable (4,528,000) (1,597,000)
Increase (decrease) in payables to affiliate (7,635,000) 4,903,000
Increase (decrease) in payable for investments purchased 51,315,000 9,997,000
Increase (decrease) in accrued expenses and other liabilities 5,097,000 (106,624,000)
Net cash provided by (used in) operating activities 1,577,250,000 918,542,000
Cash Flows from Financing Activities    
Borrowings on debt 5,282,800,000 4,533,775,000
Payments on debt (6,381,915,000) (5,065,359,000)
Debt issuance costs (36,603,000) (19,533,000)
Repurchases of common stock (105,460,000) 0
Shares issued under the "at the market" offering 0 3,070,000
Cash distributions paid to shareholders (531,300,000) (563,434,000)
Net cash provided by (used in) financing activities (1,772,478,000) (1,111,481,000)
Net increase (decrease) in cash and restricted cash, including foreign cash (restricted cash of $17,779 and $(4,680), respectively) (195,228,000) (192,939,000)
Effect of exchange rate changes on foreign cash (139,000) 82,000
Cash and restricted cash, including foreign cash, beginning of period 568,542,000 514,156,000
Cash and restricted cash, including foreign cash, end of period 373,175,000 321,299,000
Supplemental and Non-Cash Information    
Interest paid during the period 384,409,000 461,481,000
Distributions declared during the period 498,332,000 608,141,000
Distributions Payable 151,909,000 189,088,000
Issuance of shares in connection with the OBDE Mergers [1] 0 1,755,181,000
Receivable for investments sold 750,000 1,000,000
Taxes, including excise tax, paid during the period $ 6,878,000 $ 8,841,000
[1] On January 13, 2025, in connection with the OBDE Mergers, the Company acquired net assets of $1.85 billion for the total stock consideration of $1.76 billion, inclusive of $7.0 million of transaction costs. Refer to “Note 13 — Merger with Blue Owl Capital Corporation III” (“OBDE”) for additional information on the OBDE Mergers.