Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.24.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Investments at fair value: $ 1,162,627 [1] $ 1,092,895 [2]
Cash and cash equivalents 48,926 30,786
Interest and dividend receivable 11,597 10,541
Receivable for securities sold 0 171
Deferred financing costs (net of accumulated amortization of $6,282 and $4,168 as of September 30, 2024 and December 31, 2023, respectively) 1,327 3,416
Prepaids and other assets 2,805 2,091
Total assets 1,227,282 1,139,900
LIABILITIES    
Debt 556,067 484,843
Accounts payable and other liabilities 3,609 255
Payable for securities purchased 11,655 206
Interest payable 8,631 6,266
Dividend payable 14,478 14,019
Management and incentive fees payable 7,474 8,745
Deferred tax liability, net 6,883 3,259
Total liabilities 608,797 517,593
Commitments and contingencies (Note I)
NET ASSETS    
Common stock, $0.001 par value per share (450,000,000 shares authorized; 80,434,891 and 80,108,865 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively) 80 80
Additional paid‑in capital 689,949 686,136
Total overdistributed earnings (71,544) (63,909)
Total net assets 618,485 622,307
Total liabilities and net assets $ 1,227,282 $ 1,139,900
NET ASSET VALUE PER SHARE (in dollars per share) $ 7.69 $ 7.77
Unsecured Debt | Series A Notes due 2026    
LIABILITIES    
Debt $ 149,379 $ 149,155
Revolving Credit Facility | Line of Credit    
LIABILITIES    
Debt 406,688 335,688
Control investments    
ASSETS    
Investments at fair value: 56,833 [1],[3] 53,644 [2],[4]
Affiliate investments    
ASSETS    
Investments at fair value: 315,190 [1],[5] 291,279 [2],[6]
Non‑Control/Non‑Affiliate investments    
ASSETS    
Investments at fair value: $ 790,604 [1],[7] $ 747,972 [2],[8]
[1] Investment fair value was determined using significant unobservable inputs, unless otherwise noted. See Note C—Fair Value Hierarchy for Investments—Portfolio Composition for further discussion. Negative fair value is the result of the capitalized discount on the loan or the unfunded commitment being valued below par.
[2] Investment fair value was determined using significant unobservable inputs, unless otherwise noted. See Note C — Fair Value Hierarchy for Investments—Portfolio Composition for further discussion. Negative fair value is the result of the capitalized discount on the loan or the unfunded commitment being valued below par.
[3] Control investments are defined by the 1940 Act as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained.
[4] Control investments are defined by the 1940 Act as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained.
[5] Affiliate investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments.
[6] Affiliate investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments.
[7] Non-Control/Non-Affiliate investments are defined by the 1940 Act as investments that are neither Control investments nor Affiliate investments.
[8] Non-Control/Non-Affiliate investments are defined by the 1940 Act as investments that are neither Control investments nor Affiliate investments.