Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net increase (decrease) in net assets resulting from operations $ 26,975 $ 20,001
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Purchase of investments (151,616) (57,998)
Principal repayments on investments 92,262 21,806
Net proceeds from sale of investments 73,171 263
Increase in investments due to PIK interest or other (966) (1,211)
Net change in premiums, discounts and amortization (166) 37
Net realized loss (gain) on investments and other (57,814) (262)
Net unrealized depreciation (appreciation) of investments 41,892 (7,805)
Amortization of deferred financing costs 518 429
Changes in assets and liabilities:    
Decrease (increase) in interest receivable, net 434 (58)
Decrease (increase) in funds due from administrative agent (460) (1,248)
Decrease (increase) in other assets, net (576) (506)
Increase (decrease) in accounts payable and accrued expenses 471 59
Increase (decrease) in interest payable 1,362 1,367
Increase (decrease) in other liabilities 45 (261)
Net cash provided by (used in) operating activities 23,989 (26,171)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from line of credit 87,500 70,200
Repayments on line of credit (96,600) (33,000)
Financing costs (16) (69)
Proceeds from issuance of common stock 2,471 0
Proceeds from issuance of preferred stock 2,250 0
Discounts, commissions and offering costs for issuance of common stock (37) 0
Distributions paid to common stockholders (19,985) (10,768)
Net cash provided by (used in) financing activities (24,417) 26,363
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS (428) 192
CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS, BEGINNING OF PERIOD 2,304 1,401
CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS, END OF PERIOD 1,876 1,593
Supplemental Cash Flow Elements    
CASH PAID FOR INTEREST 3,381 3,665
NON-CASH ACTIVITIES 0 0
Total fees due to Adviser    
Changes in assets and liabilities:    
Increase (decrease) in fee due to related party [1] (1,653) (877)
Fee due to Administrator    
Changes in assets and liabilities:    
Increase (decrease) in fee due to related party [1] 110 93
Investment, Unaffiliated and Affiliated Issuer, Excluding Other    
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net realized loss (gain) on investments and other (57,724) (259)
Net unrealized depreciation (appreciation) of investments 41,892 (7,805)
Other    
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net realized loss (gain) on investments and other $ (90) $ (3)
[1] Refer to Note 4—Related Party Transactions in the accompanying Notes to Consolidated Financial Statements for additional information.