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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:      
Net increase (decrease) in net assets resulting from operations $ 108,968 $ 103,676 $ 108,135
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Amortization of deferred financing costs 2,021 1,818 1,977
Net accretion of discount on investments (10,462) (9,497) (10,762)
Paid-in-kind interest (22,991) (20,291) (12,770)
Net realized (gain) loss on investments 55,489 52,258 (27)
Net realized currency (gain) loss on non-investment assets and liabilities (205) (6,062) 120
Net change in unrealized (appreciation) depreciation on investments (32,708) (19,430) 28,048
Net change in unrealized currency (gain) loss on non-investment assets and liabilities 8,072 4,963 3,122
Net change in unrealized (gain) loss on forward currency contracts 3,428 (3,772) 0
Cost of investments purchased and change in payable for investments purchased (1,326,777) (525,887) (165,741)
Proceeds from sales and repayments of investments and change in receivable for investments sold 594,182 441,717 433,609
Changes in operating assets:      
Interest receivable (5,949) 4,851 (2,088)
Prepaid expenses and other assets (603) (4,036) (801)
Changes in operating liabilities:      
Interest and credit facility fees payable 60 (5,878) (1,577)
Management and incentive fees payable 1,275 891 144
Administrative service fees payable (165) (359) 1,009
Other accrued expenses and liabilities 1 1,289 (929)
Net cash provided by (used in) operating activities (626,364) 16,251 381,469
Cash flows from financing activities:      
Proceeds from issuance of common stock, inclusive of common stock proceeds received in advance 379,988 542,385 82,566
Repurchase of common stock (85,806) (140,039) (126,948)
Borrowings on Credit Facilities 1,270,167 569,676 247,000
Repayments of Credit Facilities (779,644) (1,104,449) (477,823)
Proceeds from issuance of 2024-1 Debt 0 289,000 0
Dividends paid in cash (139,547) (128,049) (114,119)
Debt issuance costs paid (4,895) (2,077) (150)
Net cash provided by (used in) financing activities 640,263 26,447 (389,474)
Net increase (decrease) in cash, cash equivalents and restricted cash 13,899 42,698 (8,005)
Cash, cash equivalents and restricted cash, beginning of year 108,453 65,755 73,760
Cash, cash equivalents and restricted cash, end of year 122,352 108,453 65,755
Supplemental disclosures:      
Interest and credit facility fees paid during the year 49,031 60,126 69,812
Taxes, including excise tax, paid during the year 1,621 841 69
Dividends declared during the year 159,420 119,271 114,554
Dividends reinvested during the year $ 16,982 $ 6,834 $ 2,098