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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net increase (decrease) in net assets resulting from operations $ 15,544 $ 83,633 $ 54,672
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used for) operating activities:      
Purchases of investments (307,998) (647,376) (352,392)
Paid-in-kind interest income (4,455) (3,148) (3,625)
Proceeds from sales of investments and principal repayments 277,566 461,268 258,979
Net realized (gain) loss on investments, foreign currency transactions and foreign currency forward contracts (4,886) (33,162) 15,786
Realized loss on asset acquisition [1]     3,825
Acquisition of Alcentra Capital Corporation, net of cash acquired [1]     (12,884)
Net change in unrealized (appreciation) depreciation on investments and foreign currency translation 54,837 (2,673) (25,416)
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts (6,513) (2,116) 1,324
Amortization of premium and accretion of discount, net (6,854) (11,284) (5,109)
Amortization of deferred financing costs 1,738 2,554 1,329
Change in operating assets and liabilities:      
(Increase) decrease in receivable for investments sold 14,866 (14,865) 549
(Increase) decrease in interest receivable (3,182) (2,904) (25)
(Increase) decrease in deferred tax asset (49) 588 (209)
(Increase) decrease in other assets (4,534) 417 2,480
Increase (decrease) in management fees payable 226 1,963 524
Increase (decrease) in incentive fees payable (3,812) 6,924  
Increase (decrease) in directors’ fees payable 37 16 24
Increase (decrease) in interest and other debt financing costs payable 2,958 1,590 (456)
Increase (decrease) in deferred tax liability (57) (368) 445
Increase (decrease) in payable for investment sold 514    
Increase (decrease) in accrued expenses and other liabilities 2,005 1,289 (1,620)
Net cash provided by (used for) operating activities 27,951 (157,654) (61,799)
Cash flows from financing activities:      
Issuance of common stock   52,632 44,297
Deemed contribution from the Advisor (Note 3)   5,386  
Repurchase of common stock     (2,208)
Deferred financing and debt issuance costs paid (221) (4,851) (2,498)
Distributions paid (55,288) (47,728) (42,632)
Equity offering cost   (523)  
Borrowings on credit facilities 339,215 654,974 352,342
Repayments on credit facilities (318,111) (612,151) (302,227)
Issuance of unsecured debt   135,000 50,000
Repayments on InterNotes   (16,418) (33,853)
Net cash provided by (used for) financing activities (34,405) 166,321 63,221
Effect of exchange rate changes on cash denominated in foreign currency (5) 10  
Net increase (decrease) in cash, cash equivalents, restricted cash and foreign currency (6,459) 8,677 1,422
Cash, cash equivalents, restricted cash and foreign currency, beginning of period 23,526 [2] 14,849 [2] 13,427
Cash, cash equivalents, restricted cash and foreign currency, end of period [2] 17,067 23,526 14,849
Supplemental and non-cash financing activities:      
Cash paid during the period for interest 26,903 15,474 14,489
Cash paid during the period for taxes 1,974 2,176 692
Issuance of common stock pursuant to dividend reinvestment plan     589
Accrued but unpaid distributions $ 12,664 $ 12,664 11,549
Issuance of shares in connection with asset acquisition (Note 14)     $ 101,949
[1] After the close of business on January 31, 2020, in connection with the Alcentra Acquisition (as defined in Note 1 and further discussed in Note 14), the Company acquired net assets of $114,431 which included $195,682 of investments, $3,409 cash and cash equivalents and $1,398 of other assets, net of $86,058 of assumed liabilities, for the total cash and stock consideration of $118,256, inclusive of $7,250 of asset acquisition costs.
[2] As of December 31, 2022, the balance included cash and cash equivalents of $6,397 (including cash denominated in foreign currency of $125) and restricted cash and cash equivalents of $10,670. As of December 31, 2021, the balance included cash and cash equivalents of $10,069 (including cash denominated in foreign currency of $1,064) and restricted cash and cash equivalents of $13,457 (including cash denominated in foreign currency of $743). As of December 31, 2020, the balance included cash and cash equivalents of $1,746 (including cash denominated in foreign currency of $132) and restricted cash and cash equivalents of $12,953.