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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net increase (decrease) in net assets resulting from operations $ 50,229 $ 27,023
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities    
Purchase of investments (509,305) (202,017)
Proceeds from principal repayments and sales of investments 154,873 45,361
Payment-in-kind interest (3,521) (872)
Amortization of (premium)/accretion of discount, net (1,870) (1,533)
Net realized (gain) loss on investments 2,608 (6,699)
Net change in unrealized (appreciation) depreciation on investments 8,045 15,379
Amortization of deferred financing costs 1,960 884
Amortization of offering costs 0 (23)
Changes in operating assets and liabilities:    
Due from adviser for expense support 0 282
Interest receivable (625) (1,178)
Receivable for investments sold 1,269 (47)
Prepaid expenses (80) (59)
Other assets 127 0
Payable for investments purchased 17,790 (56)
Interest payable 11,455 2,509
Due to adviser for expense support (632) (46)
Management fees payable 584 263
Directors’ fees payable 31 0
Accounts payable and accrued expenses 145 338
Net cash provided by (used in) operating activities (266,917) (120,491)
Cash flows from financing activities:    
Proceeds from issuance of common shares 241,657 40,455
Shareholder distributions (40,825) (31,680)
Repurchases of common shares (5,149) 0
Proceeds from secured borrowings 546,250 179,000
Repayments of secured borrowings (469,377) (59,000)
Payments of deferred financing costs (2,048) (2,106)
Net cash provided by (used in) financing activities 270,508 126,669
Net increase (decrease) in Cash and Cash Equivalents and Restricted Cash 3,591 6,178
Cash and Cash Equivalents and Restricted Cash, beginning of period 67,445 39,320
Cash and Cash Equivalents and Restricted Cash, end of period 71,036 45,498
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 22,247 23,648
Cash paid during the period for excise taxes 6 0
Supplemental disclosure of non-cash flow Information:    
Reinvestment of shareholder distributions 6,525 4,491
Reconciliation of cash and cash equivalents and restricted cash    
Cash 3,301 10,098
Cash equivalents 67,685 35,350
Restricted cash 50 50
Total cash and cash equivalents and restricted cash shown on the Consolidated Statements of Cash Flows $ 71,036 $ 45,498