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CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CHANGES IN NET ASSETS      
Balances at the beginning (in shares) 127,233,000    
Balances at the beginning $ 1,302,667 $ 754,916 $ 369,448
Net investment income 195,850 115,886 49,816
Net realized gain (loss) 2,218 1,624 643
Net change in unrealized gain (loss) $ 8,405 $ (2,952) $ (4,618)
Issuance of common stock (in shares) 69,594,569 52,940,232 37,773,653
Issuances of common stock $ 717,832 $ 540,971 $ 381,995
Repurchase of common stock (in shares) (5,823,176) (4,241,002) (1,323,211)
Repurchases of common stock $ (60,059) $ (43,342) $ (13,385)
Distributions declared to stockholders $ (186,789) $ (105,328) $ (44,332)
Stock issued in connection with dividend reinvestment plan (in shares) 7,700,328 4,000,340 1,517,598
Stock issued in connection with dividend reinvestment plan $ 79,603 $ 40,892 $ 15,349
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles $ 0 $ 0 0
Balances at the end (in shares) 198,704,000 127,233,000  
Balances at the end $ 2,059,727 $ 1,302,667 $ 754,916
Common Stock      
CHANGES IN NET ASSETS      
Balances at the beginning (in shares) 127,233,000 74,533,000 36,565,000
Balances at the beginning $ 127 $ 75 $ 37
Issuance of common stock (in shares) 69,595,000 52,940,000 37,774,000
Issuances of common stock $ 70 $ 53 $ 38
Repurchase of common stock (in shares) (5,824,000) (4,240,000) (1,323,000)
Repurchases of common stock $ (6) $ (5) $ (2)
Stock issued in connection with dividend reinvestment plan (in shares) 7,700,000 4,000,000 1,517,000
Stock issued in connection with dividend reinvestment plan $ 8 $ 4 $ 2
Balances at the end (in shares) 198,704,000 127,233,000 74,533,000
Balances at the end $ 199 $ 127 $ 75
Capital in excess of par value      
CHANGES IN NET ASSETS      
Balances at the beginning 1,282,378 744,404 360,955
Issuances of common stock 717,762 540,918 381,957
Repurchases of common stock (60,053) (43,337) (13,383)
Stock issued in connection with dividend reinvestment plan 79,595 40,888 15,347
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles (1,099) (495) (472)
Balances at the end 2,018,583 1,282,378 744,404
Accumulated undistributed (overdistributed) earnings      
CHANGES IN NET ASSETS      
Balances at the beginning 20,162 10,437 8,456
Net investment income 195,850 115,886 49,816
Net realized gain (loss) 2,218 1,624 643
Net change in unrealized gain (loss) 8,405 (2,952) (4,618)
Distributions declared to stockholders (186,789) (105,328) (44,332)
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles 1,099 495 472
Balances at the end $ 40,945 $ 20,162 $ 10,437