v3.23.3
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Sep. 30, 2023
Sep. 30, 2022
ASSETS    
Investments at fair value $ 2,892,420 $ 2,494,111
Cash and cash equivalents 136,450 23,528
Restricted cash 9,089 2,836
Interest, dividends and fees receivable 44,570 35,598
Due from portfolio companies 6,317 22,495
Receivables from unsettled transactions 55,441 4,692
Due from broker 54,260 45,530
Deferred financing costs 12,541 7,350
Deferred offering costs 160 32
Deferred tax asset, net 0 1,687
Derivative assets at fair value 4,910 6,789
Other assets 1,681 1,665
Total assets 3,217,839 2,646,313
Liabilities:    
Accounts payable, accrued expenses and other liabilities 2,950 3,701
Base management fee and incentive fee payable 19,547 15,940
Due to affiliate 4,310 3,180
Interest payable 16,007 7,936
Payables from unsettled transactions 11,006 26,981
Derivative liability at fair value 47,519 41,969
Deferred tax liability 5 0
Credit facilities payable 710,000 700,000
Unsecured notes payable (net of $7,076 and $5,020 of unamortized financing costs as of September 30, 2023 and September 30, 2022, respectively) 890,731 601,043
Total liabilities 1,702,075 1,400,750
Commitments and contingencies (Note 13)
Net assets:    
Common stock, $0.01 par value per share, 250,000 shares authorized; 77,225 and 61,125 shares issued and outstanding as of September 30, 2023 and September 30, 2022, respectively [1] 772 611
Additional paid-in-capital 2,166,330 1,827,721
Accumulated overdistributed earnings (651,338) (582,769)
Total net assets (equivalent to $19.63 and $20.38 per common share as of September 30, 2023 and September 30, 2022, respectively) (Note 11) [1] 1,515,764 1,245,563
Total liabilities and net assets 3,217,839 2,646,313
Control investments    
ASSETS    
Investments at fair value 297,091 [2],[3] 214,165 [4],[5]
Affiliate investments    
ASSETS    
Investments at fair value 23,349 26,196
Non-control/Non-affiliate investments    
ASSETS    
Investments at fair value $ 2,571,980 [6] $ 2,253,750 [7]
[1] As discussed in Note 2, the Company completed a 1-for-3 reverse stock split on January 20, 2023, effective as of the commencement of trading on January 23, 2023. The issued and outstanding shares and net asset value per share reflect the reverse stock split on a retroactive basis.
[2] As defined in the Investment Company Act, the Company is deemed to be both an "Affiliated Person" of and to "Control" these portfolio companies as the Company owns more than 25% of the portfolio company's outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). See Schedule 12-14 in the accompanying notes to the Consolidated Financial Statements for transactions during the year ended September 30, 2023 in which the issuer was both an Affiliated Person and a portfolio company that the Company is deemed to control.
[3] Control Investments generally are defined by the Investment Company Act of 1940, as amended (the "Investment Company Act"), as investments in companies in which the Company owns more than 25% of the voting securities or maintains greater than 50% of the board representation.
[4] As defined in the Investment Company Act, the Company is deemed to be both an "Affiliated Person" of and to "Control" these portfolio companies as the Company owns more than 25% of the portfolio company's outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). See Schedule 12-14 in the accompanying notes to the Consolidated Financial Statements for transactions during the year ended September 30, 2022 in which the issuer was both an Affiliated Person and a portfolio company that the Company is deemed to control.
[5] Control Investments generally are defined by the Investment Company Act as investments in companies in which the Company owns more than 25% of the voting securities or maintains greater than 50% of the board representation.
[6] Non-Control/Non-Affiliate Investments are investments that are neither Control Investments nor Affiliate Investments.
[7] Non-Control/Non-Affiliate Investments are investments that are neither Control Investments nor Affiliate Investments.