Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets (Parenthetical)

v3.22.4
Consolidated Balance Sheets (Parenthetical) - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Investment, cost $ 3,773,752,000 [1],[2] $ 3,259,246,000 [3],[4]
Deferred financing costs, accumulated amortization $ 10,603,000 $ 9,462,000
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 150,000,000 150,000,000
Common stock, shares issued (in shares) 78,463,599 70,700,885
Common stock, shares outstanding (in shares) 78,463,599 70,700,885
Unsecured Notes | July 2026 Notes    
Debt instrument, par value $ 500,000,000 $ 500,000,000
Unsecured Notes | May 2024 Notes    
Debt instrument, par value 450,000,000 450,000,000
Unsecured Notes | SBIC debentures    
Debt instrument, par value 350,000,000 350,000,000
Debt, due within one year 16,000,000  
Unsecured Notes | December 2025 Notes    
Debt instrument, par value 100,000,000  
Unsecured Notes | December 2022 Notes    
Debt instrument, par value   185,000,000
Control investments    
Investment, cost 1,270,802,000 [2],[5] 1,107,597,000 [4],[6]
Affiliate investments    
Investment, cost 635,536,000 [2],[7] 578,539,000 [4],[8]
Non‑Control/Non‑Affiliate investments    
Investment, cost $ 1,867,414,000 [2],[9] $ 1,573,110,000 [4],[10]
[1] All investments are Lower Middle Market portfolio investments, unless otherwise noted. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of Lower Middle Market portfolio investments. All of the Company’s investments, unless otherwise noted, are encumbered either as security for the Company’s Corporate Facility or SPV Facility (each as defined in Note B.5. — Deferred Financing Costs, and together the “Credit Facilities”) or in support of the SBA-guaranteed debentures issued by the Funds.
[2] Principal is net of repayments. Cost is net of repayments and accumulated unearned income. Negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan.
[3] All investments are Lower Middle Market portfolio investments, unless otherwise noted. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of Lower Middle Market portfolio investments. All of the Company’s investments, unless otherwise noted, are encumbered either as security for the Company’s Corporate Facility or in support of the SBA-guaranteed debentures issued by the Funds.
[4] Principal is net of repayments. Cost is net of repayments and accumulated unearned income.
[5] Control investments are defined by the 1940 Act as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained.
[6] Control investments are defined by the 1940 Act as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained.
[7] Affiliate investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments.
[8] Affiliate investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments.
[9] Non-Control/Non-Affiliate investments are defined by the 1940 Act as investments that are neither Control investments nor Affiliate investments.
[10] Non-Control/Non-Affiliate investments are defined by the 1940 Act as investments that are neither Control investments nor Affiliate investments.