Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.23.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Investments at fair value: $ 1,103,813 [1] $ 1,068,143 [2]
Cash and cash equivalents 23,108 21,312
Interest and dividend receivable 13,310 11,917
Receivable for securities sold 4,161 464
Deferred financing costs (net of accumulated amortization of $3,463 and $2,413 as of September 30, 2023 and December 31, 2022, respectively) 4,121 2,908
Prepaids and other assets 4,402 2,420
Total assets 1,152,915 1,107,164
LIABILITIES    
Debt 505,768 470,544
Accounts payable and other liabilities 740 1,292
Interest payable 8,674 5,443
Dividend payable 14,002 12,816
Management and incentive fees payable 7,566 7,042
Deferred tax liability, net 2,596 362
Total liabilities 539,346 497,499
Commitments and contingencies (Note I)
NET ASSETS    
Common stock, $0.001 par value per share (450,000,000 shares authorized; 80,013,948 and 80,105,999 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively) 80 80
Additional paid‑in capital 685,237 684,165
Total overdistributed earnings (71,748) (74,580)
Total net assets 613,569 609,665
Total liabilities and net assets $ 1,152,915 $ 1,107,164
NET ASSET VALUE PER SHARE (in dollars per share) $ 7.67 $ 7.61
Line of Credit | Revolving Credit Facility    
LIABILITIES    
Debt $ 356,688 $ 321,688
Unsecured Debt | Series A Notes due 2026    
LIABILITIES    
Debt 149,080 148,856
Control investments    
ASSETS    
Investments at fair value: 54,066 [1],[3] 50,303 [2],[4]
Affiliate investments    
ASSETS    
Investments at fair value: 275,889 [1],[5] 277,000 [2],[6]
Non‑Control/Non‑Affiliate investments    
ASSETS    
Investments at fair value: $ 773,858 [1],[7] $ 740,840 [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.