Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.24.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Investments at fair value: $ 4,911,054 [1] $ 4,286,271 [2]
Cash and cash equivalents 84,421 60,083
Interest and dividend receivable and other assets 86,420 89,337
Deferred financing costs (net of accumulated amortization of $13,932 and $12,329 as of September 30, 2024 and December 31, 2023, respectively) 12,882 7,879
Total assets 5,094,777 4,443,570
LIABILITIES    
Debt 2,199,490 1,802,344
Accounts payable and other liabilities 71,553 62,576
Interest payable 18,513 17,025
Dividend payable 21,575 20,368
Deferred tax liability, net 91,392 63,858
Total liabilities 2,402,523 1,966,171
Commitments and contingencies (Note K)
NET ASSETS    
Common stock, $0.01 par value per share (150,000,000 shares authorized; 88,057,324 and 84,830,679 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively) 880 848
Additional paid‑in capital 2,418,089 2,270,549
Total undistributed earnings 273,285 206,002
Total net assets 2,692,254 2,477,399
Total liabilities and net assets $ 5,094,777 $ 4,443,570
NET ASSET VALUE PER SHARE (in dollars per share) $ 30.57 $ 29.20
Line of Credit | Revolving Credit Facility    
LIABILITIES    
Debt $ 460,000 $ 360,000
Unsecured Notes | July 2026 Notes    
LIABILITIES    
Debt 499,057 498,662
Unsecured Notes | June 2027 Notes    
LIABILITIES    
Debt 401,136 0
Unsecured Notes | March 2029 Notes    
LIABILITIES    
Debt 346,822 0
Unsecured Notes | SBIC Debentures    
LIABILITIES    
Debt 343,122 344,535
Unsecured Notes | December 2025 Notes    
LIABILITIES    
Debt 149,353 148,965
Unsecured Notes | May 2024 Notes    
LIABILITIES    
Debt 0 450,182
Control investments    
ASSETS    
Investments at fair value: 2,104,576 [1],[3] 2,006,698 [2],[4]
Affiliate investments    
ASSETS    
Investments at fair value: 784,092 [1],[5] 615,002 [2],[6]
Non‑Control/Non‑Affiliate investments    
ASSETS    
Investments at fair value: $ 2,022,386 [1],[7] $ 1,664,571 [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.