CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (Parenthetical) - USD ($)
$ in Thousands

Sep. 30, 2026

Dec. 31, 2025

Investment cost

$ 2,852,033

^[1],[2],[3]

$ 3,356,770

^[4]

Foreign currencies, cost

311

1,286

Deferred financing costs and unamortized original discount

$ 5,281

$ 5,838

Common stock, par value

$ 0.001

$ 0.001

Common stock, shares authorized

130,000,000

130,000,000

Common stock, shares issued

82,372,628

92,211,869

Common stock, shares outstanding

82,372,628

92,211,869

Non-controlled/Non-affiliated Investments

Investment cost

$ 2,457,040

$ 2,955,173

Non-controlled/Affiliated Investments

Investment cost

228,518

176,978

Controlled Investments

Investment cost

$ 166,475

$ 224,619

[1]

Aggregate gross unrealized gain and loss for federal income tax purposes is $19,046 and $375,298, respectively. Net unrealized loss is $356,252 based on a tax cost of $2,901,398.

[2]

Substantially all securities are pledged as collateral to the Company's credit facilities (see Note 6 to the consolidated financial statements). For investments that are pledged to the Company's credit facilities, a single investment may be divided into parts that are individually pledged as collateral to separate credit facilities. As such, these securities are not available as collateral to our general creditors.

[3]

The following shows the composition of the Company’s portfolio at cost by control designation, investment type and industry as of September 30, 2026:


Industry		First Lien - Secured Debt					Second Lien - Secured Debt					Unsecured Debt					Structured Products and Other					Preferred Equity					Common Equity/Interests					Warrants					Total
Non-Controlled / Non-Affiliated Investments
Aerospace & Defense		$		17,291			$		—			$		—			$		—			$		49			$		110			$		—			$		17,450
Air Freight & Logistics				25,856					—					—					—					—					—					—					25,856
Automobile Components				17,775					—					—					—					—					23,856					—					41,631
Beverages				5,740					—					—					—					100					—					—					5,840
Biotechnology				—					—					—					—					333					—					389					722
Building Products				4,941					—					—					—					—					—					—					4,941
Chemicals				24,854					—					—					—					—					—					—					24,854
Commercial Services & Supplies				93,233					—					—					—					111					683					—					94,027
Communications Equipment				10,331					—					—					—					—					584					—					10,915
Construction & Engineering				57,475					—					—					—					4					50					—					57,529
Consumer Finance				57,635					—					1,842					—					2,943					750					—					63,170
Consumer Staples Distribution & Retail				41,192					—					—					—					—					169					—					41,361
Containers & Packaging				74,758					—					—					—					—					—					—					74,758
Diversified Consumer Services				170,687					—					—					—					—					632					—					171,319
Diversified Telecommunication Services				116					—					1,546					—					—					—					—					1,662
Electrical Equipment				15,441					—					—					—					—					—					—					15,441
Electronic Equipment, Instruments & Components				37,528					—					—					—					—					—					—					37,528
Energy Equipment & Services				3,747					—					—					—					—					—					—					3,747
Entertainment				13,235					—					—					—					—					—					—					13,235
Financial Services				70,346					—					—					—					854					16,973					—					88,173
Food Products				69,569					—					—					—					448					1,688					—					71,705
Ground Transportation				46,727					—					—					—					—					—					—					46,727
Health Care Equipment & Supplies				83,718					—					—					—					—					—					—					83,718
Health Care Providers & Services				263,069					—					—					—					75					418					—					263,562
Health Care Technology				46,327					92					—					—					—					—					—					46,419
Hotels, Restaurants & Leisure				96,912					—					—					—					—					—					—					96,912
Household Durables				30,707					—					—					—					—					—					—					30,707
Insurance				50,864					—					—					—					—					—					—					50,864
Interactive Media & Services				2,173					—					—					—					—					220					—					2,393
IT Services				76,230					—					—					—					10,818					77					—					87,125


Industry		First Lien - Secured Debt					Second Lien - Secured Debt					Unsecured Debt					Structured Products and Other					Preferred Equity					Common Equity/Interests					Warrants					Total
Leisure Products				8,589					—					—					—					492					93					—					9,174
Life Sciences Tools & Services				19,412					—					—					—					—					—					—					19,412
Machinery				62,845					—					—					—					—					—					—					62,845
Media				63,914					—					—					—					557					610					—					65,081
Multi-Utilities				20,276					—					—					—					—					42					—					20,318
Paper & Forest Products				10,462					—					—					—					—					—					—					10,462
Personal Care Products				110,159					—					—					—					—					100					—					110,259
Pharmaceuticals				83,159					—					26					—					215					212					—					83,612
Professional Services				73,862					—					—					—					—					46					—					73,908
Software				294,482					—					—					—					—					669					—					295,151
Specialty Retail				16,366					—					—					—					—					—					—					16,366
Technology Hardware, Storage & Peripherals				25,781					—					—					—					—					—					—					25,781
Textiles, Apparel & Luxury Goods				28,387					—					—					—					—					575					—					28,962
Trading Companies & Distributors				61,074					—					—					—					—					344					—					61,418
Total Non-Controlled / Non-Affiliated Investments		$		2,387,245			$		92			$		3,414			$		—			$		16,999			$		48,901			$		389			$		2,457,040
Non-Controlled / Affiliated Investments
Chemicals				12,500					—					—					—					—					56,505					—					69,005
Consumer Finance				—					—					—					18,290					—					—					—					18,290
Electrical Equipment				7,416					—					—					—					—					—					—					7,416
Electronic Equipment, Instruments & Components				33,869					—					—					—					1,713					—					—					35,582
Financial Services				—					—					—					12,870					—					—					—					12,870
Ground Transportation				33,843					—					—					—					—					722					—					34,565
Health Care Providers & Services				12,145					—					—					—					17,556					—					—					29,701
Hotels, Restaurants & Leisure				8,705					—					—					—					—					4,740					—					13,445
Leisure Products				—					—					—					—					—					1,000					—					1,000
Trading Companies & Distributors				6,644					—					—					—					—					—					—					6,644
Total Non-Controlled / Affiliated Investments		$		115,122			$		—			$		—			$		31,160			$		19,269			$		62,967			$		—			$		228,518
Controlled Investments
Media				70,261					—					—					—					65,249					—					—					135,510
Passenger Airlines				—					—					—					—					—					30,965					—					30,965
Total Controlled Investments		$		70,261			$		—			$		—			$		—			$		65,249			$		30,965			$		—			$		166,475
Total		$		2,572,628			$		92			$		3,414			$		31,160			$		101,517			$		142,833			$		389			$		2,852,033

[4]

The following shows the composition of the Company’s portfolio at cost by control designation, investment type and industry as of December 31, 2025:


Industry		First Lien - Secured Debt					Second Lien - Secured Debt					Unsecured Debt					Structured Products and Other					Preferred Equity					Common Equity/Interests					Warrants					Total
Non-Controlled / Non-Affiliated Investments
Aerospace & Defense		$		17,290			$		—			$		—			$		—			$		49			$		100			$		—			$		17,439
Air Freight & Logistics				26,015					—					—					—					—					—					—					26,015
Automobile Components				18,419					—					—					—					—					23,856					—					42,275
Beverages				5,478					—					—					—					100					—					—					5,578
Biotechnology				26,579					—					—					—					333					—					389					27,301
Building Products				25,117					—					—					—					—					—					—					25,117
Chemicals				29,993					—					—					—					—					—					—					29,993
Commercial Services & Supplies				147,960					—					—					—					111					683					—					148,754
Communications Equipment				10,198					—					—					—					—					584					—					10,782
Construction & Engineering				77,388					—					—					—					4,348					50					—					81,786
Consumer Finance				48,282					—					1,842					—					2,943					750					—					53,817
Consumer Staples Distribution & Retail				38,239					—					—					—					—					169					—					38,408
Containers & Packaging				57,780					—					—					—					—					—					—					57,780
Diversified Consumer Services				203,795					—					—					—					—					632					—					204,427
Diversified Telecommunication Services				70					—					1,483					—					—					—					—					1,553
Electrical Equipment				39,469					—					—					—					—					250					—					39,719
Electronic Equipment, Instruments & Components				76,588					—					—					—					—					—					—					76,588
Energy Equipment & Services				3,502					—					—					—					—					—					—					3,502
Entertainment				27,144					—					—					—					—					—					—					27,144
Financial Services				80,055					—					—					—					534					17,082					—					97,671
Food Products				69,448					—					—					—					448					1,687					—					71,583
Ground Transportation				52,702					—					—					—					—					—					—					52,702
Health Care Equipment & Supplies				118,401					—					—					—					—					1,426					—					119,827
Health Care Providers & Services				304,673					—					—					—					75					418					—					305,166
Health Care Technology				61,984					91					—					—					—					—					—					62,075
Hotels, Restaurants & Leisure				101,083					—					—					—					—					—					—					101,083
Household Durables				30,717					—					—					—					—					—					—					30,717
Insurance				69,793					—					—					—					—					—					—					69,793
Interactive Media & Services				2,190					7,705					—					—					—					—					—					9,895
IT Services				70,674					—					—					—					10,819					77					—					81,570


Industry		First Lien - Secured Debt					Second Lien - Secured Debt					Unsecured Debt					Structured Products and Other					Preferred Equity					Common Equity/Interests					Warrants					Total
Leisure Products		$		8,398					—					—					—					492					93					—			$		8,983
Life Sciences Tools & Services				19,388					—					—					—					—					—					—					19,388
Machinery				66,892					—					—					—					—					—					—					66,892
Media				70,777					—					—					—					473					610					—					71,860
Multi-Utilities				19,825					—					—					—					—					42					—					19,867
Paper & Forest Products				14,683					—					—					—					—					—					—					14,683
Personal Care Products				135,674					—					—					—					—					100					—					135,774
Pharmaceuticals				82,862					—					21					—					215					212					—					83,310
Professional Services				80,378					—					—					—					—					46					—					80,424
Software				367,716					—					—					—					—					669					—					368,385
Specialty Retail				16,740					—					—					—					—					—					—					16,740
Technology Hardware, Storage & Peripherals				14,170					—					—					—					—					—					—					14,170
Textiles, Apparel & Luxury Goods				28,551					—					—					—					—					575					—					29,126
Trading Companies & Distributors				85,680					—					—					—					—					957					—					86,637
Transportation Infrastructure				18,874					—					—					—					—					—					—					18,874
Total Non-Controlled / Non-Affiliated Investments		$		2,871,634			$		7,796			$		3,346			$		—			$		20,940			$		51,068			$		389			$		2,955,173
Non-Controlled / Affiliated Investments
Chemicals				12,500					—					—					—					—					56,505					—					69,005
Consumer Finance				—					—					—					19,409					—					—					—					19,409
Electronic Equipment, Instruments & Components				34,249					—					—					—					1,713					—					—					35,962
Financial Services				—					—					—					14,012					—					—					—					14,012
Ground Transportation				23,389					—					—					—					—					722					—					24,111
Hotels, Restaurants & Leisure				8,739					—					—					—					—					4,740					—					13,479
Leisure Products				—					—					—					—					—					1,000					—					1,000
Total Non-Controlled / Affiliated Investments		$		78,877			$		—			$		—			$		33,421			$		1,713			$		62,967			$		—			$		176,978
Controlled Investments
Media				125,154					—					—					—					6,000					—					—					131,154
Passenger Airlines				18,575					—					—					—					—					74,890					—					93,465
Total Controlled Investments		$		143,729			$		—			$		—			$		—			$		6,000			$		74,890			$		—			$		224,619
Total		$		3,094,240			$		7,796			$		3,346			$		33,421			$		28,653			$		188,925			$		389			$		3,356,770