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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Investment Income:        
Paid-in-kind interest     $ 8,030 $ 2,917
Total investment income $ 51,632 $ 48,152 150,945 134,176
Expenses:        
Interest and other debt financing costs 16,104 15,379 47,638 43,019
Management fees 5,119 5,073 15,133 14,541
Income based incentive fees 4,976 4,593 14,518 12,634
Professional fees 585 383 1,483 1,121
Directors’ fees 151 151 459 457
Other general and administrative expenses 609 618 1,914 2,099
Total expenses 27,544 26,197 81,145 73,871
Management fees waiver (30) (49) (101) (145)
Income based incentive fees waiver (77) (69) (114) (229)
Net expenses 27,437 26,079 80,930 73,497
Net investment income before taxes 24,195 22,073 70,015 60,679
Provision for income and excise taxes 655 350 1,455 890
Net investment income 23,540 21,723 68,560 59,789
Net realized gain (loss) on:        
Foreign currency transactions 59 (10) (460) (68)
Net change in unrealized appreciation (depreciation) on:        
Net realized and unrealized gains (losses) on investments (8,216) 975 (5,366) (7,540)
Benefit (provision) for taxes on realized gain on investments   (120)   132
Benefit (provision) for taxes on unrealized appreciation (depreciation) on investments (56) 43 464 598
Net increase (decrease) in net assets resulting from operations $ 15,268 $ 22,621 $ 63,658 $ 52,979
Per common share data:        
Net increase (decrease) in net assets resulting from operations per share (basic): $ 0.41 $ 0.61 $ 1.72 $ 1.49
Net increase (decrease) in net assets resulting from operations per share (diluted): 0.41 0.61 1.72 1.49
Net investment income per share (basic): 0.64 0.59 1.85 1.68
Net investment income per share (diluted): $ 0.64 $ 0.59 $ 1.85 $ 1.68
Weighted average shares outstanding (basic): 37,061,547 37,061,547 37,061,547 35,546,270
Weighted average shares outstanding (diluted): 37,061,547 37,061,547 37,061,547 35,546,270
Foreign Currency Forward Contracts        
Net realized gain (loss) on:        
Foreign currency transactions     $ 3,223  
Foreign currency forward contracts $ 0   3,223  
Net change in unrealized appreciation (depreciation) on:        
Foreign currency forward contracts (1,405) $ 1,994 (3,725) $ 755
Non-controlled Non-affiliated Investments        
Investment Income:        
Interest income 42,662 42,578 128,201 118,080
Paid-in-kind interest 3,527 703 6,742 1,971
Dividend income 102 1 496 80
Other income 780 237 2,447 466
Net realized gain (loss) on:        
Net realized gain (loss) on investments 2,095 41 (4,841) (6,202)
Net change in unrealized appreciation (depreciation) on:        
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation (3,773) 476 8,288 4,932
Non-controlled Affiliated Investments        
Investment Income:        
Interest income 713 770 2,505 2,122
Paid-in-kind interest 708 384 1,217 619
Dividend income 520 530 808 1,709
Other income   161 16 309
Net realized gain (loss) on:        
Net realized gain (loss) on investments (4,828)   (4,828)  
Net change in unrealized appreciation (depreciation) on:        
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation 4,571 (4,014) 5,765 (3,475)
Controlled Investments        
Investment Income:        
Interest income 273 148 881 468
Paid-in-kind interest       192
Dividend income 2,344 2,640 7,624 8,160
Other income 3   8  
Net realized gain (loss) on:        
Net realized gain (loss) on investments 6,443   6,443  
Net change in unrealized appreciation (depreciation) on:        
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation $ (11,378) $ 2,488 $ (15,231) $ (3,482)