XML 46 R20.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Financial Highlights | 3 Months Ended
--- | ---
Mar. 31, 2024
Investment Company [Abstract] |
Financial Highlights | Financial Highlights The following information sets forth the Company's financial highlights for the three months ended March 31, 2024 and March 31, 2023:
| Three Months Ended
| March 31, 2024 |  | March 31, 2023
Per share data(1): |  |  |
Net asset value, January 1, 2024 and January 1, 2023, respectively | $ | 12.87 |  |  | $ | 13.02 |
Net investment income | 0.36 |  |  | 0.38 |
Net realized and unrealized (losses) gains | (0.10) |  |  | 0.06 |
Total net increase | 0.26 |  |  | 0.44 |
Distributions declared to stockholders from net investment income | (0.36) |  |  | (0.32) |
Net asset value, March 31, 2024 and March 31, 2023, respectively | $ | 12.77 |  |  | $ | 13.14 |
Per share market value, March 31, 2024 and March 31, 2023, respectively | $ | 12.67 |  |  | $ | 12.17 |
Total return based on market value(2) | 2.45 | % |  | 0.94 | %
Total return based on net asset value(3) | 1.99 | % |  | 3.39 | %
Shares outstanding at end of period | 106,289,293 |  |  | 100,937,026 |
Average weighted shares outstanding for the period | 103,660,370 |  |  | 100,937,026 |
Average net assets for the period | $ | 1,334,024 |  |  | $ | 1,314,609 |
Ratio to average net assets(4): |  |  |
Net investment income | 11.25 | % |  | 11.76 | %
Total expenses, before waivers/reimbursements | 16.25 | % |  | 16.85 | %
Total expenses, net of waivers/reimbursements | 15.97 | % |  | 16.52 | %
Average debt outstanding—Unsecured Notes | $ | 632,610 |  |  | $ | 471,500 |
Average debt outstanding—Holdings Credit Facility | 358,489 |  |  | 634,146 |
Average debt outstanding—SBA-guaranteed debentures | 300,000 |  |  | 300,000 |
Average debt outstanding—Convertible Notes | 260,000 |  |  | 328,816 |
Average debt outstanding—DB Credit Facility | 185,095 |  |  | 186,400 |
Average debt outstanding—NMFC Credit Facility(5) | 35,729 |  |  | 101,025 |
Average debt outstanding—NMNLC Credit Facility II | 2,371 |  |  | 2,973 |
Asset coverage ratio(6) | 192.25 | % |  | 177.55 | %
Portfolio turnover | 4.83 | % |  | 2.10 | %
(1)Per share data is based on weighted average shares outstanding for the respective period (except for distributions declared to stockholders, which is based on actual rate per share). (2)Total return is calculated assuming a purchase of common stock at the opening of the first day of the year and a sale on the closing of the last business day of the period. Dividends and distributions, if any, are assumed for purposes of this calculation, to be reinvested at prices obtained under the Company’s dividend reinvestment plan. Total return does not reflect sales load. (3)Total return is calculated assuming a purchase at net asset value on the opening of the first day of the year and a sale at net asset value on the last day of the period. Dividends and distributions, if any, are assumed for purposes of this calculation, to be reinvested at the net asset value on the last day of the respective quarter. Total return does not reflect sales load. (4)Interim periods are annualized. (5)Under the NMFC Credit Facility, the Company may borrow in U.S. dollars or certain other permitted currencies. As of March 31, 2024 and March 31, 2023, the Company had borrowings denominated in GBP of £22,850 and £22,850, respectively, and borrowings denominated in EUR of €17,400 and €700, respectively, that have been converted to U.S. dollars. (6)On November 5, 2014, the Company received exemptive relief from the SEC allowing the Company to modify the asset coverage requirement to exclude the SBA-guaranteed debentures from this calculation.

X
- References No definition available. + Details
Name: | us-gaap_InvestmentCompanyAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of financial highlights reported by investment company. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-7 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-24 + Details
Name: | us-gaap_InvestmentCompanyFinancialHighlightsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration