v3.26.3
Unaudited Consolidated Statements of Operations - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Investment income        
Paid-in-kind interest income     $ 126.0 $ 169.0
Total investment income $ 294.0 $ 373.0 888.0 1,171.0
Operating expenses        
Management fees 42.0 51.0 134.0 156.0
Subordinated income incentive fees 23.0 33.0 71.0 108.0
Administrative services expenses 3.0 3.0 8.0 8.0
Accounting and administrative fees 1.0 1.0 3.0 3.0
Interest expense 99.0 116.0 305.0 354.0
Other general and administrative expenses 9.0 6.0 22.0 19.0
Total operating expenses 177.0 210.0 543.0 648.0
Subordinated income incentive fee waiver (12.0) 0.0 (23.0) 0.0
Net expenses 165.0 210.0 520.0 648.0
Net investment income before taxes 129.0 163.0 368.0 523.0
Excise taxes 2.0 4.0 2.0 4.0
Net investment income 127.0 159.0 366.0 519.0
Realized and unrealized gain/loss        
Net realized gain (loss) on investments:     (398.0) (206.0)
Net realized gain (loss) on foreign currency forward contracts (3.0) 0.0 (7.0) (3.0)
Net realized gain (loss) on foreign currency (1.0) (20.0) (10.0) (25.0)
Net change in unrealized appreciation (depreciation) on investments:     (385.0) (69.0)
Net change in unrealized appreciation (depreciation) on foreign currency forward contracts 3.0 3.0 11.0 (17.0)
Net change in unrealized gain (loss) on foreign currency 3.0 25.0 23.0 (60.0)
Total net realized and unrealized gain (loss) (54.0) 55.0 (766.0) (380.0)
Provision for taxes on investments 0.0 0.0 0.0 (11.0)
Realized loss on extinguishment of debt 0.0 0.0 (2.0) (3.0)
Net increase (decrease) in net assets resulting from operations 73.0 214.0 (402.0) 125.0
Distributions to preferred stockholders (2.0) 0.0 (2.0) 0.0
Net increase (decrease) in net assets resulting from operations applicable to common stockholders $ 71.0 $ 214.0 $ (404.0) $ 125.0
Earnings Per Share [Abstract]        
Net increase (decrease) in net assets resulting from operations (Earnings (Losses) per share of common stock) - basic (in dollars per share) $ 0.26 $ 0.76 $ (1.45) $ 0.45
Net increase (decrease) in net assets resulting from operations (Earnings (Losses) per share of common stock) - diluted (in dollars per share) $ 0.26 $ 0.76 $ (1.45) $ 0.45
Weighted average shares of common stock outstanding - basic (in shares) 276,267,096 280,066,433 278,776,186 280,066,433
Weighted average shares of common stock outstanding - diluted (in shares) 284,233,107 280,066,433 278,776,186 280,066,433
Non-controlled/unaffiliated        
Investment income        
Interest income $ 152.0 $ 217.0 $ 495.0 $ 658.0
Paid-in-kind interest income 10.0 24.0 24.0 55.0
Fee income 2.0 4.0 8.0 27.0
Dividend and other income 0.0 6.0 11.0 30.0
Realized and unrealized gain/loss        
Net realized gain (loss) on investments: (133.0) (25.0) (179.0) (131.0)
Net change in unrealized appreciation (depreciation) on investments: 160.0 (47.0) (126.0) 69.0
Non-controlled/affiliated        
Investment income        
Interest income 3.0 7.0 6.0 23.0
Paid-in-kind interest income 14.0 15.0 39.2 [1] 51.0
Fee income 2.0 0.0 2.1 [1] 3.0
Dividend and other income 28.0 5.0 30.0 20.0
Realized and unrealized gain/loss        
Net realized gain (loss) on investments: 0.0 (10.0) (170.2) (2.0)
Net change in unrealized appreciation (depreciation) on investments: (13.0) 6.0 81.6 (76.0)
Controlled/affiliated        
Investment income        
Interest income 5.0 7.0 20.0 35.0
Paid-in-kind interest income 22.0 15.0 63.2 [2] 63.0
Fee income 0.0 0.0 1.3 [2] 0.0
Dividend and other income 56.0 73.0 188.7 [2] 206.0
Realized and unrealized gain/loss        
Net realized gain (loss) on investments: 7.0 (18.0) (48.5) (73.0)
Net change in unrealized appreciation (depreciation) on investments: $ (77.0) $ 141.0 $ (341.0) $ (62.0)
[1] Interest, PIK, Fee and Dividend and Other income presented for the nine months ended September 30, 2026.
[2] Interest, PIK, Fee and Dividend and Other income presented for the nine months ended September 30, 2026.