CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($) $ in Thousands |
Mar. 31, 2024 |
Dec. 31, 2023 |
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ASSETS | ||||||||
Investments, at fair value | $ 1,784,893 | [1] | $ 1,841,881 | [2] | ||||
Cash, cash equivalents and restricted cash | 69,921 | 60,447 | ||||||
Receivable for investments sold | 66 | 36 | ||||||
Interest and dividend receivable | 33,940 | 33,725 | ||||||
Prepaid expenses and other assets | 6,251 | 6,489 | ||||||
Total assets | 1,895,071 | 1,942,578 | ||||||
LIABILITIES | ||||||||
Debt and secured borrowings (Note 8) | 930,182 | 980,183 | ||||||
Interest and credit facility fees payable (Note 8) | 8,025 | 8,591 | ||||||
Dividend payable (Note 10) | 24,353 | 22,321 | ||||||
Base management and incentive fees payable (Note 4) | 12,755 | 13,067 | ||||||
Administrative service fees payable (Note 4) | 2,752 | 2,991 | ||||||
Other accrued expenses and liabilities | 184 | 2,613 | ||||||
Total liabilities | 978,251 | 1,029,766 | ||||||
Commitments and contingencies (Notes 9 and 12) | ||||||||
NET ASSETS | ||||||||
Cumulative convertible preferred stock, $0.01 par value; 2,000,000 shares issued and outstanding as of March 31, 2024 and December 31, 2023 | 50,000 | 50,000 | ||||||
Common stock, $0.01 par value; 198,000,000 shares authorized; 50,794,941 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 508 | 508 | ||||||
Paid-in capital in excess of par value | 1,015,681 | 1,015,681 | ||||||
Offering costs | (1,633) | (1,633) | ||||||
Total distributable earnings (loss) | (147,736) | (151,744) | ||||||
Total net assets | $ 916,820 | $ 912,812 | ||||||
NET ASSETS PER COMMON SHARE (in dollars per share) | $ 17.07 | $ 16.99 | ||||||
Non-controlled/non-affiliated | ||||||||
ASSETS | ||||||||
Investments, at fair value | $ 1,472,096 | $ 1,539,120 | ||||||
Non-controlled/affiliated | ||||||||
ASSETS | ||||||||
Investments, at fair value | 64,199 | 53,382 | ||||||
Controlled/affiliated | ||||||||
ASSETS | ||||||||
Investments, at fair value | $ 248,598 | $ 249,379 | ||||||
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- Definition Administrative Service Fee Payable No definition available.
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- Definition Interest Payable And Line Of Credit Facility, Commitment Fee Payable No definition available.
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- Definition Management Fee Payable And Incentive Fee Payable No definition available.
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- Definition Offering Costs, Common Stock And Other Securities No definition available.
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- Definition Amount of excess of issue price over par or stated value of stock and from other transaction involving stock or stockholder. Includes, but is not limited to, additional paid-in capital (APIC) for common and preferred stock. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of dividend and interest receivable from investment. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value of investment in security owned. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Net asset value per share or per unit of investments in certain entities that calculate net asset value per share. Includes, but is not limited to, by unit, membership interest, or other ownership interest. Investment includes, but is not limited to, investment in certain hedge funds, venture capital funds, private equity funds, real estate partnerships or funds. Excludes fair value disclosure. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expenses incurred but not yet paid classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets. No definition available.
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- Definition Amount of receivable from sale of investment. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of accumulated undistributed earnings (deficit). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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