XML 23 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net increase (decrease) in net assets resulting from operations $ 110,289 $ 127,999 $ 4,681
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Purchases of portfolio investments (637,440) (614,648) (1,162,247)
Net cash acquired from Sierra merger (cash consideration paid) (See Note 9) 0 0 101,896
Transaction costs from Sierra merger (See Note 9) 0 0 (8,127)
Repayments received/sales of portfolio investments/ Sales of short-term investments 641,752 593,505 1,041,370
Loan origination and other fees received 8,694 8,286 20,120
Net realized (gain) loss on investments 23,773 59,533 11,020
Net realized (gain) loss on foreign currency transactions 535 (4,160) 1,259
Net realized (gain) loss on forward currency contracts 13,804 7,377 (25,140)
Net unrealized (appreciation) depreciation on investments 28,831 (67,394) 124,189
Net unrealized (appreciation) depreciation of CSAs (5,650) (4,714) 6,714
Net unrealized (appreciation) depreciation on foreign currency transactions (9,306) 13,389 (22,812)
Net unrealized (appreciation) depreciation on forward currency contracts (31,082) (3,905) 14,950
Payment-in-kind interest / dividends (18,245) (26,540) (12,307)
Amortization of deferred financing fees 4,684 3,285 3,053
Accretion of loan origination and other fees (11,651) (8,425) (11,538)
Amortization / accretion of purchased loan premium / discount (1,092) (1,895) (2,322)
Payments for derivative contracts (24,075) (21,742) (5,628)
Proceeds from derivative contracts 10,271 14,365 30,768
Changes in operating assets and liabilities:      
Interest and fees receivable 8,417 (6,431) (14,597)
Prepaid expenses and other assets (203) (462) (3,214)
Accounts payable and accrued liabilities 2,048 8,710 (7,756)
Interest payable 7,807 811 1,935
Net cash provided by (used in) operating activities 122,161 76,944 86,267
Cash flows from financing activities:      
Borrowings under credit facilities 206,500 93,447 244,657
Repayments of credit facilities (477,568) (113,105) (148,061)
Proceeds from notes 300,000 0 0
Financing fees paid (13,788) (2,404) (1,870)
Purchases of shares in repurchase plan (6,442) (14,772) (32,105)
Cash dividends / distributions paid (110,052) (108,997) (93,726)
Net cash provided by (used in) financing activities (101,350) (145,831) (31,105)
Net increase (decrease) in cash and foreign currencies 20,811 (68,887) 55,162
Cash and foreign currencies, beginning of period 70,528 139,415 84,253
Cash and foreign currencies, end of period 91,339 70,528 139,415
Supplemental Information:      
Cash paid for interest 68,189 79,409 50,641
Excise taxes paid during the period 1,936 1,012 0
Supplemental non-cash information      
Fair value of net assets acquired, net of cash 0 0 (435,812)
Transaction costs 0 0 2,433
Common stock issued in acquisition of net assets 0 0 499,418
Credit support agreement (See Note 2) 0 0 (44,400)
Deemed contribution — from Adviser 0 0 27,730
Deemed contributions — CSA (See Note 2) $ 0 $ 0 $ 44,400