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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
5 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2025
Cash flows from operating activities:    
Net increase (decrease) in net assets resulting from operations $ 24,646 $ 44,414
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Purchases of investments (716,100) (396,457)
Paid-in-kind interest (491) (1,965)
Proceeds from sale and repayments of investments 69,190 167,549
Net realized gains (losses) on investments and foreign currencies (360) (197)
Net change in unrealized appreciation (depreciation) on investments and foreign currencies (7,599) 373
Amortization of deferred financing costs 493 1,039
Net accretion/amortization of premiums/discounts (611) (429)
Changes in operating assets and liabilities:    
(Increase) decrease in interest receivable (6,073) (169)
(Increase) decrease in other assets (3,744) (2,202)
Increase (decrease) in interest payable 6,296 1,525
Increase (decrease) in other accrued expenses 1,183 2,245
Increase (decrease) in deferred tax liability 1,018 (57)
Increase (decrease) in administration and custody fees payable 145 187
Increase (decrease) in payable for investments purchased 478 190
Increase (decrease) in due to Adviser 37 26
Increase (decrease) in Directors’ fees payable 37 0
Net cash provided by (used in) operating activities (631,455) (183,928)
Cash flows from financing activities:    
Subscription for shares 295,001 130,000
Distributions paid to shareholders 0 (10,891)
Proceeds from credit facilities 465,062 356,488
Repayments of credit facilities (109,000) (272,500)
Deferred financing costs paid (5,206) (2,028)
Net cash provided by (used in) financing activities 645,857 201,069
Effect of exchange rate changes on cash 64 36
Net Increase (Decrease) in Cash and Cash Equivalents 14,466 17,177
Cash and Cash Equivalents:    
Beginning balance 0 21,517
Ending balance 14,466 38,694
Supplemental disclosure of cash flow information and non-cash financing activities    
Cash paid for interest expense 4,694 21,094
Reinvestment of distributions $ 6,651 $ 33,022