v3.24.0.1
Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net increase in net assets resulting from operations $ 44,341 $ 32,250 $ 45,619
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:      
Payment-in-kind interest (19,924) (8,655) (2,996)
Sales or repayments of investments 296,409 168,898 303,602
Net realized (gain) loss on investments 18,387 1,061 (4,172)
Net change in unrealized (gain) loss on investments 15,547 26,485 3,045
Amortization of fixed income premiums or accretion of discounts (8,682) (6,863) (7,742)
Amortization of deferred debt costs 3,027 1,390 472
Changes in operating assets and liabilities:      
(Increase) decrease in interest and fees receivable 497 (5,782) (301)
(Increase) decrease in other assets 25 227 (599)
Increase (decrease) in incentive fees payable 3,692 2,798 1,003
Increase (decrease) in interest payable 543 5,972 (219)
Increase (decrease) in accrued expenses and other liabilities 1,012 92 486
Net cash provided by (used in) operating activities 112,437 (359,846) (61,246)
Cash flows from financing activities      
Payments of deferred debt costs (1,906) (10,172) (400)
Borrowings under credit facilities 210,000 484,000 161,000
Repayments under credit facilities (275,000) (208,000) (199,000)
Proceeds from reverse repurchase agreements     149,249
Repayments of reverse repurchase agreements   (44,775) (174,124)
Acquisition of treasury shares   (10,816)  
Dividends paid to stockholders (73,322) (51,593) (17,948)
Refunds (payments) of offering costs   16 (7,014)
Cash received from common stock issued     119,294
Net cash (used in) provided by financing activities (115,228) 360,910 51,057
Net increase (decrease) in cash and cash equivalents (2,791) 1,064 (10,189)
Cash and cash equivalents at beginning of period 5,761 4,697 14,886
Cash and cash equivalents at end of period 2,970 5,761 4,697
Supplemental and non-cash financing cash flow information:      
Taxes paid 340 1  
Interest paid 38,099 7,784 2,773
Non-cash dividend reinvestments     26,995
U.S. Treasury Bill      
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:      
Purchases of investments (76,973)   (210,002)
Sales or maturities of U.S. Treasury Bills 35,000 45,000 234,999
Purchases of Investments      
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:      
Purchases of investments (200,464) (622,719) (424,441)
2026 Notes      
Cash flows from financing activities      
Proceeds from Notes $ 25,000 50,000 $ 20,000
2027 Notes      
Cash flows from financing activities      
Proceeds from Notes   $ 152,250