Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.23.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net increase (decrease) in net assets resulting from operations $ 159,029 $ 9,631
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized (appreciation) depreciation on investments (77,873) 3,156
Net realized (gain) loss on investments 10,731 (17)
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts 2,505 (18)
Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies 1,633 0
Net accretion of discount and amortization of premium, net (8,903) (817)
Amortization of deferred financing costs 1,276 156
Amortization of debt issuance costs 295 0
Amortization of offering costs 365 353
Payment-in-kind interest capitalized (4,669) (607)
Purchases of investments (965,575) (1,287,234)
Proceeds from sale of investments and principal repayments 109,331 14,550
Changes in operating assets and liabilities:    
Interest receivable (10,782) (8,565)
Receivable for investments sold (7,922) (316)
Other assets 139 0
Payable for investments purchased 46,560 168,365
Interest payable 18,153 1,169
Due to affiliates 4,595 1,778
Management fees payable 11,188 0
Income based incentive fees payable 14,248 0
Shareholder servicing fee payable 74 0
Accrued expenses and other liabilities 11,173 520
Net cash provided by (used in) operating activities (684,429) (1,097,896)
Cash flows from financing activities:    
Borrowings of debt 1,470,143 450,624
Repayments of debt (815,960) (215,000)
Deferred financing costs paid (7,233) (5,337)
Debt issuance costs paid (3,646) 0
Deferred offering costs paid (1,286) (2,161)
Proceeds from issuance of Common Shares 152,702 910,553
Common Shares repurchased, net of early repurchase deduction (9,814) 0
Subscriptions received in advance 0 500,310
Distributions paid in cash (54,574) (1,268)
Net cash provided by (used in) financing activities 730,332 1,637,721
Net increase (decrease) in cash and cash equivalents 45,903 539,825
Cash and cash equivalents, beginning of period 74,241 3
Cash and cash equivalents, end of period 120,144 539,828
Supplemental information and non-cash activities:    
Interest paid during the period 31,810 4,580
Taxes paid during the period 819 0
Distribution payable 29,860 5,332
Share repurchases accrued but not paid 25,769 0
Reinvestment of distributions during the period 37,456 1,499
Non-cash purchases of investments 19,124 49,940
Non-cash sales of investments $ (19,124) $ (49,940)