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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities      
Increase (decrease) in net assets resulting from operations $ 170,517 $ 186,566 $ 222,023
Adjustments to reconcile increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Net change in unrealized (gains) losses on investments (44,777) 52,794 (18,854)
Net change in unrealized (gains) losses on foreign currency transactions 35,915 (13,379) 6,393
Net change in unrealized (gains) losses on interest rate swaps 0 0 (174)
Net realized (gains) losses on investments 47,415 (9,037) (12,253)
Net realized (gains) losses on foreign currency transactions 870 (610) (335)
Net amortization of discount on investments (26,658) (21,101) (17,596)
Amortization of deferred financing costs 6,743 6,903 5,245
Amortization of discount on debt 1,857 1,614 899
Purchases and originations of investments, net (1,118,107) (1,096,140) (943,451)
Proceeds from investments, net 112,151 85,224 42,152
Repayments on investments 1,227,251 778,177 472,536
Paid-in-kind interest (25,075) (29,612) (18,161)
Changes in operating assets and liabilities:      
Interest receivable (3,103) (2,826) (7,605)
Interest receivable paid-in-kind (511) 277 (1,518)
Prepaid expenses and other assets (4,293) 1,628 (3,049)
Management fees payable to affiliate (159) 991 1,436
Incentive fees on net investment income payable to affiliate (1,677) 562 533
Incentive fees on net capital gains accrued to affiliate (5,071) (5,375) 4,382
Payable to affiliate (469) 833 (463)
Other liabilities 28,758 17,020 31,072
Net Cash Provided by (Used in) Operating Activities 401,577 (45,491) (236,788)
Cash Flows from Financing Activities      
Borrowings on debt 1,336,176 1,784,906 1,546,233
Repayments on debt (1,567,777) (1,653,061) (1,233,264)
Deferred financing costs (7,317) (8,810) (9,415)
Proceeds from issuance of common stock, net of offering and underwriting costs 0 93,308 89,204
Dividends paid to stockholders (170,325) (168,720) (156,421)
Net Cash Provided by (Used in) Financing Activities (409,243) 47,623 236,337
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash (7,666) 2,132 (451)
Cash, cash equivalents, and restricted cash, beginning of period 27,328 25,196 25,647
Cash, Cash Equivalents, and Restricted Cash, End of Period 19,662 27,328 25,196
Supplemental Information:      
Interest paid during the period 119,447 139,783 119,396
Excise and other taxes paid during the period 5,777 2,280 2,437
Dividends declared during the period 192,867 193,443 179,966
Non-Cash Financing Activities:      
Reinvestment of dividends during the period $ 22,542 $ 24,723 $ 23,545