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: $ 4,294,722 [1] $ 4,102,177 [2]
Cash and cash equivalents 77,047 49,121
Interest and dividend receivable and other assets 84,897 82,731
Receivable for securities sold 4,345 381
Deferred financing costs (net of accumulated amortization of $11,842 and $10,603 as of September 30, 2023 and December 31, 2022, respectively) 6,749 7,475
Total assets 4,467,760 4,241,885
LIABILITIES    
Debt 1,934,922 1,999,102
Accounts payable and other liabilities 57,095 52,092
Interest payable 18,733 16,580
Dividend payable 19,664 17,676
Deferred tax liability, net 66,539 47,849
Total liabilities 2,096,953 2,133,299
Commitments and contingencies (Note K)
NET ASSETS    
Common stock, $0.01 par value per share (150,000,000 shares authorized; 83,677,488 and 78,463,599 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively) 836 784
Additional paid‑in capital 2,225,614 2,030,531
Total undistributed earnings 144,357 77,271
Total net assets 2,370,807 2,108,586
Total liabilities and net assets $ 4,467,760 $ 4,241,885
NET ASSET VALUE PER SHARE (in dollars per share) $ 28.33 $ 26.86
Line of Credit | Revolving Credit Facility    
LIABILITIES    
Debt $ 493,000 $ 607,000
Unsecured Notes | July 2026 Notes    
LIABILITIES    
Debt 498,530 498,136
Unsecured Notes | May 2024 Notes    
LIABILITIES    
Debt 450,318 450,727
Unsecured Notes | SBIC Debentures    
LIABILITIES    
Debt 344,239 343,914
Unsecured Notes | December 2025 Notes    
LIABILITIES    
Debt 148,835 99,325
Control investments    
ASSETS    
Investments at fair value: 1,927,019 [1],[3] 1,703,172 [2],[4]
Affiliate investments    
ASSETS    
Investments at fair value: 565,942 [1],[5] 618,359 [2],[6]
Non‑Control/Non‑Affiliate investments    
ASSETS    
Investments at fair value: $ 1,801,761 [1],[7] $ 1,780,646 [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.