v3.25.0.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Assets    
Investments, at fair value $ 8,685,231 [1] $ 8,235,411 [2]
Cash and cash equivalents 103,508 123,120
Foreign currencies (cost of $6,825 and $7,973, respectively) 6,769 8,044
Restricted cash and cash equivalents 110,597 227,152
Restricted foreign currencies (cost of $0 and $1,219, respectively) 0 1,236
Interest receivable 73,296 74,036
Net unrealized appreciation on derivatives 12,486 29,490
Other assets 16,899 5,267
Total Assets 9,008,786 8,703,756
Liabilities    
Debt 4,919,258 4,624,791
Less unamortized debt issuance costs (28,694) (25,361)
Debt less unamortized debt issuance costs 4,890,564 4,599,430
Net unrealized depreciation on derivatives 2,906 0
Interest payable 51,518 45,701
Management and incentive fees payable 38,823 33,619
Accrued trustee fees 123 178
Accounts payable and other liabilities 7,308 10,299
Total Liabilities 4,991,242 4,689,227
#REF!
Net Assets    
Preferred stock, par value $0.001 per share, 1,000,000 shares authorized, zero shares issued and outstanding as of December 31, 2024 and September 30, 2024 0 0
Common stock, par value $0.001 per share, 350,000,000 shares authorized, 265,498,597 and 264,277,128 shares issued and outstanding as of December 31, 2024 and September 30, 2024, respectively 265 264
Paid in capital in excess of par 4,185,811 4,167,258
Distributable earnings (losses) (168,532) (152,993)
Total Net Assets 4,017,544 4,014,529
Total Liabilities and Total Net Assets $ 9,008,786 $ 8,703,756
Number of common shares outstanding (in shares) 265,498,597 264,277,128
Net asset value per common share (in dollars per share) $ 15.13 $ 15.19
Non-controlled/non-affiliate company investments    
Assets    
Investments, at fair value $ 8,424,975 [1] $ 8,011,824 [2],[3]
Non-controlled affiliate company investments    
Assets    
Investments, at fair value 248,019 [1] 211,382 [2],[3]
Controlled affiliate company investments    
Assets    
Investments, at fair value $ 12,237 [1],[4] $ 12,205 [2]
[1] The fair values of investments were valued using significant unobservable inputs, unless noted otherwise. See “Note 6. Fair Value Measurements”.
[2] The fair values of investments were valued using significant unobservable inputs, unless noted otherwise. See “Note 6. Fair Value Measurements”.
[3] As defined in the 1940 Act, the Company is deemed to be an “affiliated person” of the portfolio company as the Company owns five percent or more of the portfolio company's voting securities (“non-controlled affiliate”). Transactions related to investments in non-controlled affiliates for the year ended September 30, 2024 were as follows:
Portfolio CompanyFair value as of September 30, 2023
Gross additions(a)
Gross reductions(b)
Net change in unrealized appreciation (depreciation)Net realized gain (loss)Fair value as of September 30, 2024Interest, dividend and fee income
Abita Brewing Co. LLC$6,536 $2,166 $(709)$(1,993)$— $6,000 $575 
Bayside Opco, LLC22,044 2,758 (699)5,024 — 29,127 3,660 
Benetech, Inc.1,353 780 (843)503 — 1,793 9 
Elite Dental Partners LLC13,396 5,845 (3,013)(4,532)— 11,696 180 
Imperial Optical Midco Inc.— 94,556 — (692)— 93,864 1,008 
Opening Day Borrower 111 LLC24,438 27,853 (23,040)(4,272)(43)24,936 629 
Rubio's Restaurants, Inc.12,063 3,759 (3,929)6,624 (18,517)— 1,187 
SPF Borrower LLC— 34,008 (136)2,781 — 36,653 2,112 
Switchfly LLC7,254 6,180 (5,378)1,157 (1,900)7,313 88 
Total Non-Controlled Affiliates$87,084 $177,905 $(37,747)$4,600 $(20,460)$211,382 $9,448 
(a)
Gross additions could include increases in the cost basis of investments resulting from new investments, amounts related to PIK interest capitalized and added to the principal balance of the respective loans, the accretion of discounts, the exchange of one or more existing investments for one or more new investments and the movement of an existing portfolio company into this affiliated category from a different category.
(b)
Gross reductions could include decreases in the cost basis of investments resulting from principal collections related to investment repayments and sales, the amortization of premiums, the reversal of capitalized PIK for non-accrual positions and the exchange of one or more existing securities for one or more new securities.
[4] As defined in the 1940 Act, the Company is deemed to be both an “affiliated person” of and “control” this portfolio company as the Company owns more than 25% of the portfolio company's outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement) (“controlled affiliate”). Transactions related to investments in controlled affiliates for the three months ended December 31, 2024 were as follows:
Portfolio CompanyFair value as of September 30, 2024
Gross additions(a)
Gross reductions(b)
Net change in unrealized appreciation (depreciation)Net realized gain (loss)Fair value as of December 31, 2024Interest, dividend and fee income
MMan Acquisition Co.$12,205 $118 $— $(86)$— $12,237 $126 
Total Controlled Affiliates$12,205 $118 $— $(86)$— $12,237 $126 
(a)
Gross additions could include increases in the cost basis of investments resulting from new investments, amounts related to PIK interest capitalized and added to the principal balance of the respective loans, the accretion of discounts, the exchange of one or more existing investments for one or more new investments and the movement of an existing portfolio company into this affiliated category from a different category.
(b)
Gross reductions could include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the amortization of premiums, the reversal of capitalized PIK for non-accrual positions and the exchange of one or more existing securities for one or more new securities.