Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.23.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net increase (decrease) in net assets resulting from operations $ 304,947 $ (16,964)
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 (115,990) 71,001
Net realized (gain) loss on investments 10,366 (78)
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts (904) (47)
Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies 7,696 0
Net accretion of discount and amortization of premium, net (17,778) (2,874)
Amortization of deferred financing costs 2,738 444
Amortization of debt issuance costs 809 0
Amortization of offering costs 754 900
Payment-in-kind interest capitalized (12,458) (1,556)
Purchases of investments (1,539,183) (3,165,369)
Proceeds from sale of investments and principal repayments 366,205 72,612
Changes in operating assets and liabilities:    
Interest receivable (5,083) (20,399)
Receivable for investments sold (8,945) (2,978)
Other assets (556) 0
Payable for investments purchased 35,370 271,569
Interest payable 22,176 2,167
Due to affiliates 6,491 3,186
Management fees payable 4,096 0
Income based incentive fees payable 17,211 0
Shareholder servicing fee payable 1,257 0
Accrued expenses and other liabilities (783) 137
Net cash provided by (used in) operating activities (921,564) (2,788,249)
Cash flows from financing activities:    
Borrowings on debt 2,253,726 1,586,471
Repayments of debt (1,456,808) (798,100)
Deferred financing costs paid (11,416) (12,909)
Debt issuance costs paid (3,646) 0
Deferred offering costs paid (1,511) (2,253)
Proceeds from issuance of Common Shares 399,387 2,193,303
Common Shares repurchased, net of early repurchase deduction (35,589) 0
Distributions paid in cash (108,992) (15,612)
Net cash provided by (used in) financing activities 1,035,151 2,950,900
Net increase (decrease) in cash and cash equivalents 113,587 162,651
Cash and cash equivalents, beginning of period 74,241 3
Cash and cash equivalents, end of period 187,828 162,654
Supplemental information and non-cash activities:    
Interest paid during the period 89,387 6,632
Taxes paid during the period 819 0
Distribution payable 32,319 12,931
Share repurchases accrued but not paid 98,594 980
Reinvestment of distributions during the period 74,599 11,646
Non-cash purchases of investments 28,861 49,940
Non-cash sales of investments $ (28,861) $ (49,940)