Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.24.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net increase (decrease) in net assets resulting from operations $ 654,601 $ 58,947 $ 0
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 (229,274) 143,665 0
Net realized (gain) loss on investments 17,633 2,467 0
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts 6,968 2,136 0
Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies 9,541 11,456 0
Net accretion of discount and amortization of premium, net (39,470) (11,163) 0
Amortization of deferred financing costs 6,232 2,365 0
Amortization of debt issuance costs 2,128 131 0
Amortization of offering costs 1,736 2,059 0
Payment-in-kind interest capitalized (31,306) (9,168) 0
Payment-in-kind dividends capitalized (381) 0 0
Non-cash other income capitalized (533) 0 0
Purchases of investments (3,962,089) (6,059,286) 0
Proceeds from sale of investments and principal repayments 672,531 216,964 0
Changes in operating assets and liabilities:      
Interest receivable from non-controlled/non-affiliated investments (39,356) (51,778) 0
Dividend receivable from non-controlled/non-affiliated investments (83) 0 0
Receivable for investments sold (96,547) (8,591) 0
Other assets (401) (410) 0
Payable for investments purchased 71,339 0 0
Interest payable 41,346 17,440 0
Due to affiliates 7,583 5,250 0
Management fees payable 5,591 0 0
Income based incentive fees payable 20,347 0 0
Capital gains incentive fees payable 3,518 0 0
Shareholder servicing fee payable 492 1,032 0
Accrued expenses and other liabilities 805 928 0
Net cash provided by (used in) operating activities (2,877,049) (5,675,556) 0
Cash flows from financing activities:      
Borrowings on debt 6,305,857 5,104,772 0
Repayments of debt (4,449,666) (2,771,581) 0
Deferred financing costs paid (16,870) (22,551) 0
Debt issuance costs paid (10,389) (3,703) 0
Deferred offering costs paid (2,317) (2,369) 0
Proceeds from issuance of Common Shares 1,590,400 3,530,999 3
Common Shares repurchased, net of early repurchase deduction (169,013) (1,900) 0
Distributions paid in cash (256,419) (83,873) 0
Net cash provided by (used in) financing activities 2,991,583 5,749,794 3
Net increase (decrease) in cash and cash equivalents 114,534 74,238 3
Cash and cash equivalents, beginning of period 74,241 3 0
Cash and cash equivalents, end of period 188,775 74,241 3
Supplemental information and non-cash activities:      
Interest paid during the period 208,141 36,524 0
Taxes paid during the period 819 0 0
Distribution payable 74,907 39,090 0
Share repurchases accrued but not paid 63,474 9,814 0
Reinvestment of distributions during the period 175,086 59,323 0
Non-cash purchases of investments 39,502 49,940 0
Non-cash sales of investments $ (39,502) $ (49,940) $ 0