Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net increase (decrease) in net assets resulting from operations $ 20,913 $ 35,772
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Purchase of investments (142,724) (197,211)
Principal repayments on investments 96,007 157,784
Net proceeds from sale of investments 2,671 88,927
Increase in investments due to PIK interest or other (4,128) (1,861)
Net change in premiums, discounts and amortization 706 (301)
Net realized loss (gain) on investments and other 274 (65,520)
Net unrealized depreciation (appreciation) of investments and other 859 51,855
Amortization of deferred financing costs 1,423 1,045
Changes in assets and liabilities:    
Decrease (increase) in interest receivable, net 49 280
Decrease (increase) in funds due from administrative agent 1,464 784
Decrease (increase) in other assets, net (506) 987
Increase (decrease) in accounts payable and accrued expenses 721 (164)
Increase (decrease) in interest payable 3,336 (134)
Increase (decrease) in other liabilities 142 118
Net cash provided by (used in) operating activities (17,243) 70,739
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from line of credit 284,000 148,500
Repayments on line of credit (84,200) (194,000)
Redemption of long term debt (207,000) 0
Financing costs (282) (23)
Proceeds from issuance of common stock 0 2,471
Proceeds from issuance of preferred stock 16,623 3,882
Redemption of preferred stock (541) 0
Commissions and offering costs for issuance of common stock 0 (37)
Distributions paid to common stockholders (20,334) (31,039)
Net cash provided by (used in) financing activities (11,734) (70,246)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (28,977) 493
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 32,370 2,304
CASH AND CASH EQUIVALENTS, END OF PERIOD 3,393 2,797
Supplemental Cash Flow Elements    
CASH PAID FOR INTEREST 8,407 9,896
NON-CASH ACTIVITIES 0 0
Total fees due to Adviser    
Changes in assets and liabilities:    
Increase (decrease) in fee due to related party [1] 1,337 (1,899)
Fee due to Administrator    
Changes in assets and liabilities:    
Increase (decrease) in fee due to related party [1] 213 277
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 (1,498) (65,426)
Net unrealized depreciation (appreciation) of investments and other 859 51,806
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 1,772 (94)
Net unrealized depreciation (appreciation) of investments and other $ 0 $ 49
[1] Refer to Note 4—Related Party Transactions in the accompanying Notes to Consolidated Financial Statements for additional information.