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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash flows from operating activities          
Net increase(decrease) in net assets resulting from operations     $ 58,456 $ 50,910  
Adjustments to reconcile net increase (decrease) in net assets from operations to net cash used in operating activities:          
Purchases of investments     (539,565) (761,843)  
Proceeds from principal payments and sales of investments     435,472 434,198  
Net realized loss from investments     10,880 1,159  
Net realized (gain) loss on foreign currency transactions $ 321 $ (3,166) 4,534 (2,678)  
Net change in unrealized appreciation on forward currency exchange contracts 1,476 (8,124) 1,315 (9,775) $ (62) [1]
Net change in unrealized appreciation on investments     (2,606) 10,358  
Net change in unrealized appreciation on foreign currency translation     (3,894) 1,705  
Increase in investments due to PIK     (11,111) (6,314)  
Accretion of discounts and amortization of premiums     (3,151) (2,694)  
Amortization of deferred financing costs and debt issuance costs     1,770 2,001  
Changes in operating assets and liabilities:          
Collateral on forward currency exchange contracts     (2,067) (5,558)  
Interest receivable on investments     (6,072) (8,507)  
Prepaid Insurance     (411) (366)  
Dividend receivable     (137) 7,571  
Interest payable     3,767 106  
Base management fee payable     210 (341)  
Incentive fee payable     (5,208) (658)  
Accounts payable and accrued expenses     1,952 (579)  
Net cash used in operating activities     (51,732) (280,189)  
Cash flows from financing activities          
Borrowings on debt     308,000 349,747  
Repayments on debt     (205,000) (157,000)  
Payments of financing costs       (2,186)  
Stockholder distributions paid     (47,776) (43,902)  
Net cash provided by financing activities     (55,224) 146,659  
Net increase (decrease) in cash, foreign cash, restricted cash and cash equivalents     3,492 (133,530)  
Effect of foreign currency exchange rates     (640) (1,125)  
Cash, foreign cash, restricted cash and cash equivalents, beginning of period     125,730 203,581 203,581
Cash, foreign cash, restricted cash and cash equivalents, end of period 128,582 68,926 128,582 68,926 125,730
Supplemental disclosure of cash flow information:          
Cash interest paid during the period     34,472 19,562  
Cash paid for income taxes, including excise taxes during the period     1,209 0  
Supplemental disclosure of non-cash information:          
Company investment into Bain Capital Senior Loan Program, LLC       5,584  
Deconsolidation of BCC Middle Market CLO 2018-1 LLC          
Disposition of assets       470,616  
Reduction of liabilities       (390,448)  
Cash 87,727 38,013 87,727 38,013  
Restricted cash 36,243 25,910 36,243 25,910 55,950
Foreign cash 4,612 5,003 4,612 5,003  
Total cash, foreign cash, restricted cash, and cash equivalents shown in the consolidated statements of cash flows $ 128,582 $ 68,926 $ 128,582 $ 68,926 $ 125,730
[1] Unrealized appreciation on forward currency exchange contracts.