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Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Investment income        
Payment-in-kind interest income $ 14,045 $ 11,829 $ 25,061 $ 23,628
Total investment income 213,892 164,230 434,592 329,000
Expenses        
Interest and other debt financing expenses 69,911 44,125 149,554 85,685
Base management fee 21,714 13,662 43,295 27,618
Incentive fee 18,247 20,626 36,305 41,911
Professional fees 1,765 1,342 3,605 2,650
Administrative service fee 3,185 2,145 6,087 4,390
General and administrative expenses 408 384 969 765
Total expenses 115,230 82,284 239,815 163,019
Incentive fee waived (Note 3) 0 (5,157) 0 (5,157)
Net expenses 115,230 77,127 239,815 157,862
Net investment income - before tax 98,662 87,103 194,777 171,138
Excise and income tax 0 570 (475) 1,070
Net investment income - after tax 98,662 86,533 195,252 170,068
Net realized gain (loss) from:        
Company investments     (42,220) (17,368)
Foreign currency transactions (174) 4,459 (3,879) 4,646
Forward currency contracts 5,997 0 7,203 0
Net realized gain (loss) on investment transactions (11,041) (13,818) (38,896) (12,722)
Net change in unrealized appreciation (depreciation) from:        
Company investments     38,906 17,013
Translation of assets and liabilities in foreign currencies 11,427 (10,156) (11,546) (3,969)
Net change in unrealized appreciation (depreciation) on investment transactions (8,783) 20,493 33,792 11,661
Net gain (loss) on investment transactions (19,824) 6,675 (5,104) (1,061)
Net realized gain (loss) on extinguishment of debt 0 0 (48) 0
(Provision) benefit for taxes on unrealized appreciation on investments 146 350 198 327
Net increase (decrease) in net assets resulting from operations $ 78,984 $ 93,558 $ 190,298 $ 169,334
Per Common Share Data        
Basic earnings per common share (Note 10) (in dollars per share) $ 0.30 $ 0.55 $ 0.72 $ 1.00
Diluted earnings per common share (Note 10) (in dollars per share) 0.30 0.55 0.72 1.00
Dividends and distributions declared per common share (in dollars per share) $ 0.39 $ 0.46 $ 0.87 $ 0.90
Basic weighted average common shares outstanding (Note 10) (in shares) 266,484,213 170,637,140 265,402,101 170,140,990
Diluted weighted average common shares outstanding (Note 10) (in shares) 266,484,213 170,637,140 265,402,101 170,140,990
Foreign exchange        
Net realized gain (loss) from:        
Forward currency contracts $ 5,997 $ 0 $ 7,203 $ 0
Net change in unrealized appreciation (depreciation) from:        
Forward currency contracts (15,495) 4,332 6,432 (1,383)
Non-controlled/non-affiliate company investments        
Investment income        
Interest income 188,017 145,838 386,378 293,910
Payment-in-kind interest income 13,512 10,691 24,077 21,060
Dividend income 7,877 4,365 16,364 8,740
Fee income 1,690 452 2,245 817
Total investment income 211,096 161,346 429,064 324,527
Net realized gain (loss) from:        
Company investments (16,864) 240 (42,220) 1,149
Net change in unrealized appreciation (depreciation) from:        
Company investments (1,341) 15,644 38,744 18,691
Non-controlled affiliate company investments        
Investment income        
Interest income 2,241 1,723 4,484 1,830
Payment-in-kind interest income 414 1,031 746 2,359
Fee income 18 18 49 66
Total investment income 2,673 2,772 5,279 4,255
Net realized gain (loss) from:        
Company investments 0 (18,517) 0 (18,517)
Net change in unrealized appreciation (depreciation) from:        
Company investments (2,933) 11,854 689 (371)
Controlled affiliate company investments        
Investment income        
Payment-in-kind interest income 119 107 238 209
Fee income 4 5 11 9
Total investment income 123 112 249 218
Net realized gain (loss) from:        
Company investments     0  
Net change in unrealized appreciation (depreciation) from:        
Company investments $ (441) $ (1,181) $ (527) $ (1,307)