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Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Sep. 30, 2023
Cash flows from operating activities: |  |  |
Net increase (decrease) in net assets resulting from operations | $ 70,499 | $ 11,215 |
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: |  |  |
Net change in unrealized appreciation (depreciation) on investments | (9,962) | 22,029 |
Net change in unrealized (appreciation) depreciation on debt | 7 | 4,842 |
Net realized (gain) loss on investments | (568) | 13,520 |
Net accretion of discount and amortization of premium | (3,523) | (3,741) |
Purchases of investments | (961,776) | (231,001) |
Payment-in-kind interest | (2,218) | (471) |
Proceeds from dispositions of investments | 386,277 | 258,075 |
Amortization of deferred financing costs | 1,248 | 1,056 |
(Increase) decrease in: |  |  |
Interest receivable | (2,087) | (2,462) |
Distribution receivable | (70) | (692) |
Receivable for investments sold | 0 | (3,911) |
Prepaid expenses and other assets | 742 | (69) |
Due from affiliate | (65) | (3,009) |
Increase (decrease) in: |  |  |
Payable for investments purchased | 4,296 | 0 |
Interest payable on debt | 6,504 | (2,025) |
Base management fee payable | 1,149 | (187) |
Incentive fee payable | 679 | 1,461 |
Deferred tax liability | (230) | (2,928) |
Due to affiliates | (566) | 0 |
Account payable and accrued expenses | 23 | 651 |
Net cash provided by (used in) operating activities | (509,641) | 62,353 |
Cash flows from financing activities: |  |  |
Proceeds from public offering | 151,075 | 113,214 |
Offering costs | (566) | (705) |
Capitalized borrowing costs | (3,241) | 0 |
Distributions paid to stockholders | (56,528) | (41,200) |
Borrowings under Credit Facility | 381,455 | 65,000 |
Repayments under Credit Facility | (172,000) | (169,709) |
Net cash provided by (used in) financing activities | 493,675 | (54,187) |
Net increase (decrease) in cash and cash equivalents | (15,966) | 8,166 |
Effect of exchange rate changes on cash | 1 | 37 |
Cash and cash equivalents, beginning of period | 100,555 | 51,488 | $ 51,488
Cash and cash equivalents, end of period | 84,590 | 59,691 | $ 100,555
Supplemental disclosures: |  |  |
Interest paid | 32,171 | 30,564 |
Taxes paid | 1,060 | 530 |
Non-cash exchanges and conversions | 5,067 | 3,393 |
2023 Notes |  |  |
Cash flows from financing activities: |  |  |
Repayment of 2023 notes payable | (76,219) | (20,787) |
2031 Asset-Backed Debt |  |  |
Cash flows from financing activities: |  |  |
Repayment of 2031 Asset-Backed Debt | (17,301) | 0 |
2036 Notes |  |  |
Cash flows from financing activities: |  |  |
Issuance of 2036 Asset-Back Debt | $ 287,000 | $ 0 |

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