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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net Increase (Decrease) in Net Assets Resulting from Operations $ 41,357 $ 380,137
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Purchases of investments, net (1,048,848) (1,717,316)
Proceeds from investments and investment repayments, net 2,376,459 2,343,003
Net amortization/accretion of premium/discount on investments (33,985) (60,603)
PIK interest and dividends (85,314) (83,275)
Net change in unrealized (gain) loss on investments 197,581 (89,449)
Net change in interest rate swap attributed to unsecured notes (16,942) 37,154
Net change in unrealized (gain) loss on foreign currency forward contracts (14,951) 5,540
Net change in unrealized (gain) loss on translation of assets and liabilities in foreign currencies 14,171 (22,863)
Net realized (gain) loss on investments 98,987 131,098
Net realized (gain) loss on foreign currency transactions relating to investments (3,036) (3,228)
Amortization of debt issuance costs 26,705 21,318
Cash acquired in the OBDE Mergers 0 125,621
Changes in operating assets and liabilities:    
(Increase) decrease in interest and dividend receivable 13,243 37,850
(Increase) decrease in receivable from a controlled affiliate (6,166) (9,260)
(Increase) decrease in prepaid expenses and other assets (17,053) 16,349
Increase (decrease) in management fee payable (5,797) 12,590
Increase (decrease) in incentive fee payable (2,743) 3,230
Increase (decrease) in payables to affiliate (4,115) 2,127
Increase (decrease) in payable for investments purchased 0 802
Increase (decrease) in accrued expenses and other liabilities (14,860) (81,249)
Net cash provided by (used in) operating activities 1,514,693 1,049,576
Cash Flows from Financing Activities    
Borrowings on debt 3,288,000 2,964,776
Payments on debt (4,659,015) (3,784,059)
Debt issuance costs (35,291) (23,205)
Repurchases of common stock (70,296) 0
Shares issued under the "at the market" offering 0 3,070
Cash distributions paid to shareholders (368,584) (364,125)
Net cash provided by (used in) financing activities (1,845,186) (1,203,543)
Net increase (decrease) in cash and restricted cash, including foreign cash (restricted cash of $(27,049) and $(17,982), respectively) (330,493) (153,967)
Cash and restricted cash, including foreign cash, beginning of period (restricted cash of $47,448 and $82,387, respectively) 568,542 514,156
Cash and restricted cash, including foreign cash, end of period (restricted cash of $20,399 and $64,405, respectively) 238,049 360,189
Supplemental and Non-Cash Information    
Interest paid during the period 251,255 303,742
Distributions declared during the period 336,581 408,832
Distributions payable 152,874 189,088
Issuance of shares in connection with the OBDE Mergers [1] 0 1,755,181
Receivable for investments sold 1,344 1,000
Taxes, including excise tax, paid during the period $ 6,856 $ 1,832
[1] On January 13, 2025, in connection with the OBDE Mergers, the Company acquired net assets of $1.85 billion for the total stock consideration of $1.76 billion, inclusive of $7.0 million of transaction costs. Refer to “Note 13 — Merger with Blue Owl Capital Corporation III” (“OBDE”) for additional information on the OBDE Mergers.