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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net increase (decrease) in net assets resulting from operations $ 3,628 $ 15,478
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Purchases of investments (73,965) (147,686)
Paid-in-kind interest (497) (583)
Proceeds from sale and repayments of investments 50,508 15,717
Net realized gains (losses) on investments and foreign currencies (337) (268)
Net change in unrealized appreciation (depreciation) on investments and foreign currencies 16,297 (1,718)
Amortization of deferred financing costs 586 275
Net accretion/amortization of premiums/discounts (170) (268)
Changes in operating assets and liabilities:    
(Increase) decrease in interest receivable 658 (90)
(Increase) decrease in other assets (4,731) 1,954
Increase (decrease) in interest payable 398 549
Increase (decrease) in other accrued expenses 2,039 (56)
Increase (decrease) in deferred tax liability (190) 0
Increase (decrease) in administration and custody fees payable (86) 48
Increase (decrease) in payable for investments purchased (1,101) (105)
Increase (decrease) in due to Adviser (36) 114
Net cash provided by (used in) operating activities (6,999) (116,639)
Cash flows from financing activities:    
Subscription for shares 70,000 65,000
Distributions paid to shareholders (7,504) 0
Proceeds from credit facility 16,000 96,500
Repayments of credit facility (97,516) (45,000)
Deferred financing costs paid (599) (5)
Net cash provided by (used in) financing activities (19,619) 116,495
Effect of exchange rate changes on cash (59) 36
Net Increase (Decrease) in Cash and Cash Equivalents (26,677) (108)
Cash and Cash Equivalents:    
Beginning balance 62,407 21,517
Ending balance 35,730 21,409
Supplemental disclosure of cash flow information and non-cash financing activities    
Cash paid for interest expense 8,706 6,656
Reinvestment of distributions $ 13,098 $ 12,935