Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net increase (decrease) in net assets resulting from operations $ 35,772 $ 43,633
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Purchase of investments (197,211) (102,733)
Principal repayments on investments 157,784 35,983
Net proceeds from sale of investments 88,927 3,182
Increase in investments due to PIK interest or other (1,861) (2,604)
Net change in premiums, discounts and amortization (301) 330
Net realized loss (gain) on investments and other (65,520) (2,430)
Net unrealized depreciation (appreciation) of investments 51,855 (18,500)
Amortization of deferred financing costs 1,045 870
Changes in assets and liabilities:    
Decrease (increase) in interest receivable, net 280 (1,584)
Decrease (increase) in funds due from administrative agent 784 296
Decrease (increase) in other assets, net 987 (702)
Increase (decrease) in accounts payable and accrued expenses (164) 3
Increase (decrease) in interest payable (134) 55
Increase (decrease) in other liabilities 118 (1,335)
Net cash provided by (used in) operating activities 70,739 (45,276)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from line of credit 148,500 134,300
Repayments on line of credit (194,000) (64,900)
Financing costs (23) (152)
Proceeds from issuance of common stock 2,471 0
Proceeds from issuance of preferred stock 3,882 1,576
Discounts, commissions and offering costs for issuance of common stock (37) 0
Distributions paid to common stockholders (31,039) (21,537)
Net cash provided by (used in) financing activities (70,246) 49,287
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS 493 4,011
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 2,797 5,412
Supplemental Cash Flow Elements    
CASH PAID FOR INTEREST 9,896 10,709
NON-CASH ACTIVITIES 0 0
Total fees due to Adviser    
Changes in assets and liabilities:    
Increase (decrease) in fee due to related party [1] (1,899) 34
Fee due to Administrator    
Changes in assets and liabilities:    
Increase (decrease) in fee due to related party [1] 277 226
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 (65,426) (478)
Net unrealized depreciation (appreciation) of investments 51,806 (18,500)
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 (94) (1,952)
Net unrealized depreciation (appreciation) of investments $ 49 $ 0
[1] Refer to Note 4—Related Party Transactions in the accompanying Notes to Consolidated Financial Statements for additional information.