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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income        
Interest from investments $ 213,348 $ 140,244 $ 432,511 $ 254,122
Investment, Type [Extensible Enumeration] Investment, Unaffiliated Issuer [Member] Investment, Unaffiliated Issuer [Member] Investment, Unaffiliated Issuer [Member] Investment, Unaffiliated Issuer [Member]
Paid-in-kind interest income $ 16,542 $ 7,925 $ 31,287 $ 13,716
Dividend income 2,616 0 4,604 0
Arranger fees 45 5,885 45 15,874
Other income 8,539 3,410 13,171 5,343
Total Investment Income 241,090 157,464 481,618 289,055
Expenses        
Interest 59,054 47,024 115,169 82,103
Management fees 26,185 14,935 51,869 26,177
Incentive fees on net investment income 21,036 12,704 42,395 23,540
Incentive fees on net capital gains (losses) 232 2,664 (2,818) 5,792
Offering expense 0 431 0 909
Professional fees 2,196 1,235 4,171 2,453
Trustees' fees 163 143 322 299
Other general and administrative 1,446 1,337 3,133 2,694
Total expenses 110,312 80,473 214,241 143,967
Management fees waived (Note 3) (16,256) (9,282) (32,220) (16,066)
Net Expenses 94,056 71,191 182,021 127,901
Net Investment Income Before Income Taxes 147,034 86,273 299,597 161,154
Income taxes, including excise taxes 16 8 17 2,169
Net Investment Income 147,018 86,265 299,580 158,985
Net change in unrealized gains (losses):        
Non-controlled, non-affiliated investments 119,383 15,947 138,879 34,482
Translation of other assets and liabilities in foreign currencies (101,699) 750 (143,409) 4,939
Foreign currency forward contracts (3,140) (30) (5,659) (11)
Income tax provision (846) 0 (846) 0
Total net change in unrealized gains (losses) 13,698 16,667 (11,035) 39,410
Realized gains (losses):        
Non-controlled, non-affiliated investments 8,528 1,267 8,987 3,609
Foreign currency transactions (1,094) 3,395 (1,277) 3,315
Foreign currency forward contracts (10,224) 0 (10,222) 0
Total net realized gains (losses) (2,790) 4,662 (2,512) 6,924
Total Net Unrealized and Realized Gains (Losses) 10,908 21,329 (13,547) 46,334
Increase (Decrease) in Net Assets Resulting from Operations $ 157,926 $ 107,594 $ 286,033 $ 205,319
Earnings per common share-basic $ 1.11 $ 1.27 $ 2.02 $ 2.66
Weighted average common shares outstanding-basic 142,575,112 84,817,784 141,881,062 77,232,840
Earnings per common share-diluted $ 1.11 $ 1.27 $ 2.02 $ 2.66
Weighted average common shares outstanding-diluted 142,575,112 84,817,784 141,881,062 77,232,840