CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (Parenthetical) - USD ($)
$ in Thousands

Jun. 30, 2026

Dec. 31, 2025

Investment cost

$ 3,061,809

^[1],[2],[3]

$ 3,356,770

^[4]

Foreign currencies, cost

108

1,286

Deferred financing costs and unamortized original discount

$ 5,396

$ 5,838

Common stock, par value

$ 0.001

$ 0.001

Common stock, shares authorized

130,000,000

130,000,000

Common stock, shares issued

82,372,628

92,211,869

Common stock, shares outstanding

82,372,628

92,211,869

Non-controlled/Non-affiliated Investments

Investment cost

$ 2,658,642

$ 2,955,173

Non-controlled/Affiliated Investments

Investment cost

212,542

176,978

Controlled Investments

Investment cost

$ 190,625

$ 224,619

[1]

Aggregate gross unrealized gain and loss for federal income tax purposes is $26,955 and $357,709, respectively. Net unrealized loss is $330,754 based on a tax cost of $3,101,096.

[2]

Substantially all securities are pledged as collateral to the Company's credit facilities (see Note 6 to the consolidated financial statements). For investments that are pledged to the Company's credit facilities, a single investment may be divided into parts that are individually pledged as collateral to separate credit facilities. As such, these securities are not available as collateral to our general creditors.

[3]

The following shows the composition of the Company’s portfolio at cost by control designation, investment type and industry as of June 30, 2026:


Industry		First Lien - Secured Debt					Second Lien - Secured Debt					Unsecured Debt					Structured Products and Other					Preferred Equity					Common Equity/Interests					Warrants					Total
Non-Controlled / Non-Affiliated Investments
Aerospace & Defense		$		17,171			$		—			$		—			$		—			$		49			$		110			$		—			$		17,330
Air Freight & Logistics				25,911					—					—					—					—					—					—					25,911
Automobile Components				20,170					—					—					—					—					23,856					—					44,026
Beverages				5,749					—					—					—					100					—					—					5,849
Biotechnology				—					—					—					—					333					—					389					722
Building Products				4,942					—					—					—					—					—					—					4,942
Chemicals				26,150					—					—					—					—					—					—					26,150
Commercial Services & Supplies				118,375					—					—					—					111					683					—					119,169
Communications Equipment				10,100					—					—					—					—					584					—					10,684
Construction & Engineering				57,598					—					—					—					4					50					—					57,652
Consumer Finance				57,646					—					1,842					—					2,943					750					—					63,181
Consumer Staples Distribution & Retail				42,465					—					—					—					—					169					—					42,634
Containers & Packaging				70,298					—					—					—					—					—					—					70,298
Diversified Consumer Services				206,999					—					—					—					—					632					—					207,631
Diversified Telecommunication Services				71					—					1,524					—					—					—					—					1,595
Electrical Equipment				33,230					—					—					—					—					250					—					33,480
Electronic Equipment, Instruments & Components				71,316					—					—					—					—					—					—					71,316
Energy Equipment & Services				3,797					—					—					—					—					—					—					3,797
Entertainment				13,330					—					—					—					—					—					—					13,330
Financial Services				74,587					—					—					—					534					17,006					—					92,127
Food Products				68,731					—					—					—					448					1,688					—					70,867
Ground Transportation				46,481					—					—					—					—					—					—					46,481
Health Care Equipment & Supplies				84,006					—					—					—					—					—					—					84,006
Health Care Providers & Services				261,182					—					—					—					76					417					—					261,675
Health Care Technology				62,033					92					—					—					—					—					—					62,125
Hotels, Restaurants & Leisure				96,728					—					—					—					—					—					—					96,728
Household Durables				30,671					—					—					—					—					—					—					30,671
Insurance				51,031					—					—					—					—					—					—					51,031
Interactive Media & Services				2,195					7,686					—					—					—					—					—					9,881
IT Services				75,880					—					—					—					10,818					77					—					86,775


Industry		First Lien - Secured Debt					Second Lien - Secured Debt					Unsecured Debt					Structured Products and Other					Preferred Equity					Common Equity/Interests					Warrants					Total
Leisure Products		$		8,457					—					—					—					492					93					—					9,042
Life Sciences Tools & Services				19,212					—					—					—					—					—					—					19,212
Machinery				63,808					—					—					—					—					—					—					63,808
Media				63,851					—					—					—					557					610					—					65,018
Multi-Utilities				20,316					—					—					—					—					42					—					20,358
Paper & Forest Products				10,495					—					—					—					—					—					—					10,495
Personal Care Products				110,009					—					—					—					—					100					—					110,109
Pharmaceuticals				82,900					—					21					—					215					212					—					83,348
Professional Services				73,182					—					—					—					—					46					—					73,228
Software				343,871					—					—					—					—					669					—					344,540
Specialty Retail				15,912					—					—					—					—					—					—					15,912
Technology Hardware, Storage & Peripherals				25,389					—					—					—					—					—					—					25,389
Textiles, Apparel & Luxury Goods				28,440					—					—					—					—					575					—					29,015
Trading Companies & Distributors				76,147					—					—					—					—					957					—					77,104
Total Non-Controlled / Non-Affiliated Investments		$		2,580,832			$		7,778			$		3,387			$		—			$		16,680			$		49,576			$		389			$		2,658,642
Non-Controlled / Affiliated Investments
Chemicals				12,500					—					—					—					—					56,505					—					69,005
Consumer Finance				—					—					—					18,708					—					—					—					18,708
Electronic Equipment, Instruments & Components				32,106					—					—					—					1,713					—					—					33,819
Financial Services				—					—					—					13,543					—					—					—					13,543
Ground Transportation				32,843					—					—					—					—					722					—					33,565
Health Care Providers & Services				11,867																				17,556															29,423
Hotels, Restaurants & Leisure				8,739					—					—					—					—					4,740					—					13,479
Leisure Products				—					—					—					—					—					1,000					—					1,000
Total Non-Controlled / Affiliated Investments		$		98,055			$		—			$		—			$		32,251			$		19,269			$		62,967			$		—			$		212,542
Controlled Investments
Media				66,410					—					—					—					65,250					—					—					131,660
Passenger Airlines				—					—					—					—					—					58,965					—					58,965
Total Controlled Investments		$		66,410			$		—			$		—			$		—			$		65,250			$		58,965			$		—			$		190,625
Total		$		2,745,297			$		7,778			$		3,387			$		32,251			$		101,199			$		171,508			$		389			$		3,061,809

[4]

The following shows the composition of the Company’s portfolio at cost by control designation, investment type and industry as of December 31, 2025:


Industry		First Lien - Secured Debt					Second Lien - Secured Debt					Unsecured Debt					Structured Products and Other					Preferred Equity					Common Equity/Interests					Warrants					Total
Non-Controlled / Non-Affiliated Investments
Aerospace & Defense		$		17,290			$		—			$		—			$		—			$		49			$		100			$		—			$		17,439
Air Freight & Logistics				26,015					—					—					—					—					—					—					26,015
Automobile Components				18,419					—					—					—					—					23,856					—					42,275
Beverages				5,478					—					—					—					100					—					—					5,578
Biotechnology				26,579					—					—					—					333					—					389					27,301
Building Products				25,117					—					—					—					—					—					—					25,117
Chemicals				29,993					—					—					—					—					—					—					29,993
Commercial Services & Supplies				147,960					—					—					—					111					683					—					148,754
Communications Equipment				10,198					—					—					—					—					584					—					10,782
Construction & Engineering				77,388					—					—					—					4,348					50					—					81,786
Consumer Finance				48,282					—					1,842					—					2,943					750					—					53,817
Consumer Staples Distribution & Retail				38,239					—					—					—					—					169					—					38,408
Containers & Packaging				57,780					—					—					—					—					—					—					57,780
Diversified Consumer Services				203,795					—					—					—					—					632					—					204,427
Diversified Telecommunication Services				70					—					1,483					—					—					—					—					1,553
Electrical Equipment				39,469					—					—					—					—					250					—					39,719
Electronic Equipment, Instruments & Components				76,588					—					—					—					—					—					—					76,588
Energy Equipment & Services				3,502					—					—					—					—					—					—					3,502
Entertainment				27,144					—					—					—					—					—					—					27,144
Financial Services				80,055					—					—					—					534					17,082					—					97,671
Food Products				69,448					—					—					—					448					1,687					—					71,583
Ground Transportation				52,702					—					—					—					—					—					—					52,702
Health Care Equipment & Supplies				118,401					—					—					—					—					1,426					—					119,827
Health Care Providers & Services				304,673					—					—					—					75					418					—					305,166
Health Care Technology				61,984					91					—					—					—					—					—					62,075
Hotels, Restaurants & Leisure				101,083					—					—					—					—					—					—					101,083
Household Durables				30,717					—					—					—					—					—					—					30,717
Insurance				69,793					—					—					—					—					—					—					69,793
Interactive Media & Services				2,190					7,705					—					—					—					—					—					9,895
IT Services				70,674					—					—					—					10,819					77					—					81,570


Industry		First Lien - Secured Debt					Second Lien - Secured Debt					Unsecured Debt					Structured Products and Other					Preferred Equity					Common Equity/Interests					Warrants					Total
Leisure Products		$		8,398					—					—					—					492					93					—			$		8,983
Life Sciences Tools & Services				19,388					—					—					—					—					—					—					19,388
Machinery				66,892					—					—					—					—					—					—					66,892
Media				70,777					—					—					—					473					610					—					71,860
Multi-Utilities				19,825					—					—					—					—					42					—					19,867
Paper & Forest Products				14,683					—					—					—					—					—					—					14,683
Personal Care Products				135,674					—					—					—					—					100					—					135,774
Pharmaceuticals				82,862					—					21					—					215					212					—					83,310
Professional Services				80,378					—					—					—					—					46					—					80,424
Software				367,716					—					—					—					—					669					—					368,385
Specialty Retail				16,740					—					—					—					—					—					—					16,740
Technology Hardware, Storage & Peripherals				14,170					—					—					—					—					—					—					14,170
Textiles, Apparel & Luxury Goods				28,551					—					—					—					—					575					—					29,126
Trading Companies & Distributors				85,680					—					—					—					—					957					—					86,637
Transportation Infrastructure				18,874					—					—					—					—					—					—					18,874
Total Non-Controlled / Non-Affiliated Investments		$		2,871,634			$		7,796			$		3,346			$		—			$		20,940			$		51,068			$		389			$		2,955,173
Non-Controlled / Affiliated Investments
Chemicals				12,500					—					—					—					—					56,505					—					69,005
Consumer Finance				—					—					—					19,409					—					—					—					19,409
Electronic Equipment, Instruments & Components				34,249					—					—					—					1,713					—					—					35,962
Financial Services				—					—					—					14,012					—					—					—					14,012
Ground Transportation				23,389					—					—					—					—					722					—					24,111
Hotels, Restaurants & Leisure				8,739					—					—					—					—					4,740					—					13,479
Leisure Products				—					—					—					—					—					1,000					—					1,000
Total Non-Controlled / Affiliated Investments		$		78,877			$		—			$		—			$		33,421			$		1,713			$		62,967			$		—			$		176,978
Controlled Investments
Media				125,154					—					—					—					6,000					—					—					131,154
Passenger Airlines				18,575					—					—					—					—					74,890					—					93,465
Total Controlled Investments		$		143,729			$		—			$		—			$		—			$		6,000			$		74,890			$		—			$		224,619
Total		$		3,094,240			$		7,796			$		3,346			$		33,421			$		28,653			$		188,925			$		389			$		3,356,770