Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.23.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net increase (decrease) in net assets resulting from operations $ 507,396 $ 13,069
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 (163,057) 142,004
Net realized (gain) loss on investments 16,749 1,597
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts (5,835) (26,541)
Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies (25,907) (15,866)
Net accretion of discount and amortization of premium, net (28,646) (6,361)
Amortization of deferred financing costs 4,458 1,288
Amortization of debt issuance costs 1,362 0
Amortization of offering costs 1,215 1,471
Payment-in-kind interest capitalized (21,038) (5,687)
Non-cash other income capitalized (533) 0
Purchases of investments (2,326,252) (4,867,714)
Proceeds from sale of investments and principal repayments 545,433 141,957
Changes in operating assets and liabilities:    
Interest receivable from non-controlled/non-affiliated investments (22,651) (36,057)
Dividend receivable from non-controlled/non-affiliated investments (87) 0
Receivable for investments sold (75,781) (3,161)
Other assets (16,641) (522)
Payable for investments purchased 5,985 202,123
Interest payable 23,487 8,666
Due to affiliates 6,439 9,477
Management fees payable 4,698 0
Income based incentive fees payable 18,660 0
Capital gains incentive fees payable 2,217 0
Shareholder servicing fee payable 259 0
Accrued expenses and other liabilities 92 495
Net cash provided by (used in) operating activities (1,547,978) (4,439,762)
Cash flows from financing activities:    
Borrowings on debt 4,259,688 2,968,540
Repayments of debt (3,198,709) (1,513,100)
Deferred financing costs paid (14,412) (20,377)
Debt issuance costs paid (7,066) 0
Deferred offering costs paid (2,062) (2,344)
Proceeds from issuance of Common Shares 960,960 3,211,472
Common Shares repurchased, net of early repurchase deduction (134,183) (980)
Distributions paid in cash (184,591) (41,491)
Net cash provided by (used in) financing activities 1,679,625 4,601,720
Net increase (decrease) in cash and cash equivalents 131,647 161,958
Cash and cash equivalents, beginning of period 74,241 3
Cash and cash equivalents, end of period 205,888 161,961
Supplemental information and non-cash activities:    
Interest paid during the period 148,921 13,245
Taxes paid during the period 819 0
Distribution payable 38,188 19,127
Share repurchases accrued but not paid 34,830 919
Reinvestment of distributions during the period 126,554 29,532
Non-cash purchases of investments 37,396 49,940
Non-cash sales of investments $ (37,396) $ (49,940)