10-Q Filing

VARAGON CAPITAL CORP CIK: 1784700 Q1 2025

Filing Information

Form Type	10-Q
Accession Number	`0000950170-25-071178`
Period End Date	20250331
Filing Date	20250514
Fiscal Year	2025
Fiscal Period	Q1
XBRL Instance	ck0001784700-20250331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 134 Income Statement 108 Cash Flow Statement 140

Balance Sheet 134 line items

Line Item	Tag	Value	Unit	Period
Amortized Cost	`InvestmentOwnedAtCost`	$823.22M	USD	Point-in-time
Amortized Cost	`InvestmentOwnedAtCost`	$823.22M	USD	Point-in-time
Amortized Cost	`InvestmentOwnedAtCost`	$851.74M	USD	Point-in-time
Amortized Cost	`InvestmentOwnedAtCost`	$851.74M	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsNet`	$2.79M	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsNet`	$2.79M	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsNet`	$2.87M	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsNet`	$2.87M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$10.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$10.00	USD	Point-in-time
Fair Value	`InvestmentOwnedAtFairValue`	$804.12M	USD	Point-in-time
Fair Value	`InvestmentOwnedAtFairValue`	$804.12M	USD	Point-in-time
Fair Value	`InvestmentOwnedAtFairValue`	$827.71M	USD	Point-in-time
Fair Value	`InvestmentOwnedAtFairValue`	$827.71M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total investments, at fair value (amortized cost of $851,741 and $823,217, respectively)	`Investments`	$804.12M	USD	Point-in-time
Total investments, at fair value (amortized cost of $851,741 and $823,217, respectively)	`Investments`	$804.12M	USD	Point-in-time
Total investments, at fair value (amortized cost of $851,741 and $823,217, respectively)	`Investments`	$827.71M	USD	Point-in-time
Total investments, at fair value (amortized cost of $851,741 and $823,217, respectively)	`Investments`	$827.71M	USD	Point-in-time
Common stock, Shares Issued	`CommonStockSharesIssued`	41.53M	shares	Point-in-time
Common stock, Shares Issued	`CommonStockSharesIssued`	41.53M	shares	Point-in-time
Cash	`Cash`	$39.97M	USD	Point-in-time
Cash	`Cash`	$39.97M	USD	Point-in-time
Common stock, Shares Issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Common stock, Shares Issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Common stock, Shares Issued	`CommonStockSharesIssued`	41.52M	shares	Point-in-time
Common stock, Shares Issued	`CommonStockSharesIssued`	41.52M	shares	Point-in-time
Cash	`Cash`	$69.61M	USD	Point-in-time
Cash	`Cash`	$69.61M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	41.52M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	41.52M	shares	Point-in-time
Interest receivable	`AccountsReceivableNetCurrent`	$11.53M	USD	Point-in-time
Interest receivable	`AccountsReceivableNetCurrent`	$11.53M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	41.53M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	41.53M	shares	Point-in-time
Interest receivable	`AccountsReceivableNetCurrent`	$11.65M	USD	Point-in-time
Interest receivable	`AccountsReceivableNetCurrent`	$11.65M	USD	Point-in-time
Deferred financing costs	`DeferredOfferingCosts`	$1.53M	USD	Point-in-time
Deferred financing costs	`DeferredOfferingCosts`	$1.53M	USD	Point-in-time
Deferred financing costs	`DeferredOfferingCosts`	$1.62M	USD	Point-in-time
Deferred financing costs	`DeferredOfferingCosts`	$1.62M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$884.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$884.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$654.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$654.00K	USD	Point-in-time
Total assets	`Assets`	$887.75M	USD	Point-in-time
Total assets	`Assets`	$887.75M	USD	Point-in-time
Total assets	`Assets`	$881.52M	USD	Point-in-time
Total assets	`Assets`	$881.52M	USD	Point-in-time
Revolving credit facility payable (Note 6)	`LineOfCredit`	$50.00M	USD	Point-in-time
Revolving credit facility payable (Note 6)	`LineOfCredit`	$50.00M	USD	Point-in-time
Revolving credit facility payable (Note 6)	`LineOfCredit`	$41.00M	USD	Point-in-time
Revolving credit facility payable (Note 6)	`LineOfCredit`	$41.00M	USD	Point-in-time
Notes payable (net of debt issuance costs of $2,792, and $2,870, respectively) (Note 6)	`NotesPayable`	$424.57M	USD	Point-in-time
Notes payable (net of debt issuance costs of $2,792, and $2,870, respectively) (Note 6)	`NotesPayable`	$424.57M	USD	Point-in-time
Notes payable (net of debt issuance costs of $2,792, and $2,870, respectively) (Note 6)	`NotesPayable`	$424.01M	USD	Point-in-time
Notes payable (net of debt issuance costs of $2,792, and $2,870, respectively) (Note 6)	`NotesPayable`	$424.01M	USD	Point-in-time
Shareholder distributions payable	`DistributionPayable`	$12.74M	USD	Point-in-time
Shareholder distributions payable	`DistributionPayable`	$12.74M	USD	Point-in-time
Shareholder distributions payable	`DistributionPayable`	$10.73M	USD	Point-in-time
Shareholder distributions payable	`DistributionPayable`	$10.73M	USD	Point-in-time
Interest and credit facility fees payable	`InterestAndCreditFacilityFeesPayable`	$2.79M	USD	Point-in-time
Interest and credit facility fees payable	`InterestAndCreditFacilityFeesPayable`	$2.79M	USD	Point-in-time
Interest and credit facility fees payable	`InterestAndCreditFacilityFeesPayable`	$9.95M	USD	Point-in-time
Interest and credit facility fees payable	`InterestAndCreditFacilityFeesPayable`	$9.95M	USD	Point-in-time
Base management fees payable (Note 7)	`ManagementFeePayable`	$1.51M	USD	Point-in-time
Base management fees payable (Note 7)	`ManagementFeePayable`	$1.51M	USD	Point-in-time
Base management fees payable (Note 7)	`ManagementFeePayable`	$3.06M	USD	Point-in-time
Base management fees payable (Note 7)	`ManagementFeePayable`	$3.06M	USD	Point-in-time
Income incentive fees payable (Note 7)	`IncentiveFeePayable`	$1.06M	USD	Point-in-time
Income incentive fees payable (Note 7)	`IncentiveFeePayable`	$1.06M	USD	Point-in-time
Income incentive fees payable (Note 7)	`IncentiveFeePayable`	$206.00K	USD	Point-in-time
Income incentive fees payable (Note 7)	`IncentiveFeePayable`	$206.00K	USD	Point-in-time
Administrator expenses payable	`AdministratorExpensesPayable`	$553.00K	USD	Point-in-time
Administrator expenses payable	`AdministratorExpensesPayable`	$553.00K	USD	Point-in-time
Administrator expenses payable	`AdministratorExpensesPayable`	$197.00K	USD	Point-in-time
Administrator expenses payable	`AdministratorExpensesPayable`	$197.00K	USD	Point-in-time
Directors' fees and expenses payable (Note 9)	`DirectorSFeesAndExpensesPayable`	$81.00K	USD	Point-in-time
Directors' fees and expenses payable (Note 9)	`DirectorSFeesAndExpensesPayable`	$81.00K	USD	Point-in-time
Directors' fees and expenses payable (Note 9)	`DirectorSFeesAndExpensesPayable`	$82.00K	USD	Point-in-time
Directors' fees and expenses payable (Note 9)	`DirectorSFeesAndExpensesPayable`	$82.00K	USD	Point-in-time
Due to affiliates	`TaxesPayableCurrent`	$741.00K	USD	Point-in-time
Due to affiliates	`TaxesPayableCurrent`	$741.00K	USD	Point-in-time
Due to affiliates	`TaxesPayableCurrent`	$735.00K	USD	Point-in-time
Due to affiliates	`TaxesPayableCurrent`	$735.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.10M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.10M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.16M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.16M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$422.00K	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$422.00K	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$732.00K	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$732.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$494.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$494.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$492.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$492.97M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 shares authorized; 41,527,752 shares issued and outstanding at March 31, 2025, and 500,000,000 shares authorized; 41,524,826 shares issued and outstanding at December 31, 2024	`CommonStockValue`	$415.00K	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 shares authorized; 41,527,752 shares issued and outstanding at March 31, 2025, and 500,000,000 shares authorized; 41,524,826 shares issued and outstanding at December 31, 2024	`CommonStockValue`	$415.00K	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 shares authorized; 41,527,752 shares issued and outstanding at March 31, 2025, and 500,000,000 shares authorized; 41,524,826 shares issued and outstanding at December 31, 2024	`CommonStockValue`	$415.00K	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 shares authorized; 41,527,752 shares issued and outstanding at March 31, 2025, and 500,000,000 shares authorized; 41,524,826 shares issued and outstanding at December 31, 2024	`CommonStockValue`	$415.00K	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$415.18M	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$415.18M	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$415.20M	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$415.20M	USD	Point-in-time
Total accumulated earnings (loss)	`RetainedEarningsAccumulatedDeficit`	$-22.30M	USD	Point-in-time
Total accumulated earnings (loss)	`RetainedEarningsAccumulatedDeficit`	$-22.30M	USD	Point-in-time
Total accumulated earnings (loss)	`RetainedEarningsAccumulatedDeficit`	$-27.07M	USD	Point-in-time
Total accumulated earnings (loss)	`RetainedEarningsAccumulatedDeficit`	$-27.07M	USD	Point-in-time
Total net assets	`AssetsNet`	$393.29M	USD	Point-in-time
Total net assets	`AssetsNet`	$393.29M	USD	Point-in-time
Total net assets	`AssetsNet`	$388.55M	USD	Point-in-time
Total net assets	`AssetsNet`	$388.55M	USD	Point-in-time
Total net assets	`AssetsNet`	$406.02M	USD	Point-in-time
Total net assets	`AssetsNet`	$406.02M	USD	Point-in-time
NET ASSETS PER SHARE	`NetAssetValuePerShare`	$9.78	USD	Point-in-time
NET ASSETS PER SHARE	`NetAssetValuePerShare`	$9.78	USD	Point-in-time
NET ASSETS PER SHARE	`NetAssetValuePerShare`	$9.47	USD	Point-in-time
NET ASSETS PER SHARE	`NetAssetValuePerShare`	$9.47	USD	Point-in-time
NET ASSETS PER SHARE	`NetAssetValuePerShare`	$9.36	USD	Point-in-time
NET ASSETS PER SHARE	`NetAssetValuePerShare`	$9.36	USD	Point-in-time
NET ASSETS PER SHARE	`NetAssetValuePerShare`	$9.71	USD	Point-in-time
NET ASSETS PER SHARE	`NetAssetValuePerShare`	$9.71	USD	Point-in-time

Income Statement 108 line items

Line Item	Tag	Value	Unit	Period
Total investment income	`InvestmentIncomeNet`	$24.48M	USD	1 Quarter
Total investment income	`InvestmentIncomeNet`	$24.48M	USD	1 Quarter
Total investment income	`InvestmentIncomeNet`	$22.89M	USD	1 Quarter
Total investment income	`InvestmentIncomeNet`	$22.89M	USD	1 Quarter
Base management fees (Note 7)	`ManagementFeeExpense`	$1.55M	USD	1 Quarter
Base management fees (Note 7)	`ManagementFeeExpense`	$1.55M	USD	1 Quarter
Base management fees (Note 7)	`ManagementFeeExpense`	$1.35M	USD	1 Quarter
Base management fees (Note 7)	`ManagementFeeExpense`	$1.35M	USD	1 Quarter
Income incentive fees (Note 7)	`IncentiveFeeExpense`	$852.00K	USD	1 Quarter
Income incentive fees (Note 7)	`IncentiveFeeExpense`	$852.00K	USD	1 Quarter
Income incentive fees (Note 7)	`IncentiveFeeExpense`	$2.00M	USD	1 Quarter
Income incentive fees (Note 7)	`IncentiveFeeExpense`	$2.00M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$630.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$630.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$890.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$890.00K	USD	1 Quarter
Administrator expenses	`AdministrativeExpense`	$339.00K	USD	1 Quarter
Administrator expenses	`AdministrativeExpense`	$339.00K	USD	1 Quarter
Administrator expenses	`AdministrativeExpense`	$197.00K	USD	1 Quarter
Administrator expenses	`AdministrativeExpense`	$197.00K	USD	1 Quarter
Interest expenses (Note 6)	`InterestExpenseDebt`	$6.45M	USD	1 Quarter
Interest expenses (Note 6)	`InterestExpenseDebt`	$6.45M	USD	1 Quarter
Interest expenses (Note 6)	`InterestExpenseDebt`	$7.97M	USD	1 Quarter
Interest expenses (Note 6)	`InterestExpenseDebt`	$7.97M	USD	1 Quarter
Credit facility fees (Note 6)	`LineOfCreditFacilityCommitmentFeeAmount`	$368.00K	USD	1 Quarter
Credit facility fees (Note 6)	`LineOfCreditFacilityCommitmentFeeAmount`	$368.00K	USD	1 Quarter
Credit facility fees (Note 6)	`LineOfCreditFacilityCommitmentFeeAmount`	$301.00K	USD	1 Quarter
Credit facility fees (Note 6)	`LineOfCreditFacilityCommitmentFeeAmount`	$301.00K	USD	1 Quarter
Directors' fees and expenses (Note 9)	`NoninterestExpenseDirectorsFees`	$85.00K	USD	1 Quarter
Directors' fees and expenses (Note 9)	`NoninterestExpenseDirectorsFees`	$85.00K	USD	1 Quarter
Directors' fees and expenses (Note 9)	`NoninterestExpenseDirectorsFees`	$85.00K	USD	1 Quarter
Directors' fees and expenses (Note 9)	`NoninterestExpenseDirectorsFees`	$85.00K	USD	1 Quarter
Organizational expenses	`AdministratorExpenses`	$91.00K	USD	1 Quarter
Organizational expenses	`AdministratorExpenses`	$91.00K	USD	1 Quarter
Organizational expenses	`AdministratorExpenses`	-	USD	1 Quarter
Organizational expenses	`AdministratorExpenses`	-	USD	1 Quarter
Insurance expenses	`GeneralInsuranceExpense`	$94.00K	USD	1 Quarter
Insurance expenses	`GeneralInsuranceExpense`	$94.00K	USD	1 Quarter
Insurance expenses	`GeneralInsuranceExpense`	$4.00K	USD	1 Quarter
Insurance expenses	`GeneralInsuranceExpense`	$4.00K	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$142.00K	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$142.00K	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$78.00K	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$78.00K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$11.49M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$11.49M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$11.99M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$11.99M	USD	1 Quarter
Net investment income (loss)	`InvestmentIncomeOperatingAfterExpenseAndTax`	$12.98M	USD	1 Quarter
Net investment income (loss)	`InvestmentIncomeOperatingAfterExpenseAndTax`	$12.98M	USD	1 Quarter
Net investment income (loss)	`InvestmentIncomeOperatingAfterExpenseAndTax`	$10.90M	USD	1 Quarter
Net investment income (loss)	`InvestmentIncomeOperatingAfterExpenseAndTax`	$10.90M	USD	1 Quarter
Net realized gain (loss) on investments	`RealizedInvestmentGainsLosses`	-	USD	1 Quarter
Net realized gain (loss) on investments	`RealizedInvestmentGainsLosses`	-	USD	1 Quarter
Net realized gain (loss) on investments	`RealizedInvestmentGainsLosses`	$178.00K	USD	1 Quarter
Net realized gain (loss) on investments	`RealizedInvestmentGainsLosses`	$178.00K	USD	1 Quarter
Net realized gain (loss) on derivatives	`GainLossOnSaleOfDerivatives`	-	USD	1 Quarter
Net realized gain (loss) on derivatives	`GainLossOnSaleOfDerivatives`	-	USD	1 Quarter
Net realized gain (loss) on derivatives	`GainLossOnSaleOfDerivatives`	$-116.00K	USD	1 Quarter
Net realized gain (loss) on derivatives	`GainLossOnSaleOfDerivatives`	$-116.00K	USD	1 Quarter
Net realized gain (loss)	`NonoperatingGainsLosses`	$62.00K	USD	1 Quarter
Net realized gain (loss)	`NonoperatingGainsLosses`	$62.00K	USD	1 Quarter
Net realized gain (loss)	`NonoperatingGainsLosses`	-	USD	1 Quarter
Net realized gain (loss)	`NonoperatingGainsLosses`	-	USD	1 Quarter
Net change in unrealized appreciation (depreciation) on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$4.93M	USD	1 Quarter
Net change in unrealized appreciation (depreciation) on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$4.93M	USD	1 Quarter
Net change in unrealized appreciation (depreciation) on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$-893.00K	USD	1 Quarter
Net change in unrealized appreciation (depreciation) on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$-893.00K	USD	1 Quarter
Net change in unrealized appreciation (depreciation) on derivatives	`NetChangeInUnrealizedAppreciationDepreciationOnDerivatives`	-	USD	1 Quarter
Net change in unrealized appreciation (depreciation) on derivatives	`NetChangeInUnrealizedAppreciationDepreciationOnDerivatives`	-	USD	1 Quarter
Net change in unrealized appreciation (depreciation) on derivatives	`NetChangeInUnrealizedAppreciationDepreciationOnDerivatives`	$-91.00K	USD	1 Quarter
Net change in unrealized appreciation (depreciation) on derivatives	`NetChangeInUnrealizedAppreciationDepreciationOnDerivatives`	$-91.00K	USD	1 Quarter
Net change in unrealized appreciation (depreciation)	`NetChangesInUnrealizedAppreciationDepreciation`	$-984.00K	USD	1 Quarter
Net change in unrealized appreciation (depreciation)	`NetChangesInUnrealizedAppreciationDepreciation`	$-984.00K	USD	1 Quarter
Net change in unrealized appreciation (depreciation)	`NetChangesInUnrealizedAppreciationDepreciation`	$4.93M	USD	1 Quarter
Net change in unrealized appreciation (depreciation)	`NetChangesInUnrealizedAppreciationDepreciation`	$4.93M	USD	1 Quarter
Net realized and unrealized gains (losses)	`RealizedAndUnrealizedGainLossInvestmentDerivativeAndForeignCurrencyTransactionPriceChangeOperatingAfterTax`	$1.05M	USD	1 Quarter
Net realized and unrealized gains (losses)	`RealizedAndUnrealizedGainLossInvestmentDerivativeAndForeignCurrencyTransactionPriceChangeOperatingAfterTax`	$1.05M	USD	1 Quarter
Net realized and unrealized gains (losses)	`RealizedAndUnrealizedGainLossInvestmentDerivativeAndForeignCurrencyTransactionPriceChangeOperatingAfterTax`	$-4.93M	USD	1 Quarter
Net realized and unrealized gains (losses)	`RealizedAndUnrealizedGainLossInvestmentDerivativeAndForeignCurrencyTransactionPriceChangeOperatingAfterTax`	$-4.93M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`ProfitLoss`	$5.97M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`ProfitLoss`	$5.97M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`ProfitLoss`	$14.03M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`ProfitLoss`	$14.03M	USD	1 Quarter
Weighted average shares outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.53M	shares	1 Quarter
Weighted average shares outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.53M	shares	1 Quarter
Weighted average shares outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.51M	shares	1 Quarter
Weighted average shares outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.51M	shares	1 Quarter
Weighted average shares outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.51M	shares	1 Quarter
Weighted average shares outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.51M	shares	1 Quarter
Weighted average shares outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.53M	shares	1 Quarter
Weighted average shares outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.53M	shares	1 Quarter
Net investment income per share basic	`NetInvestmentIncomeLossPerShareBasic`	$0.31	USD	1 Quarter
Net investment income per share basic	`NetInvestmentIncomeLossPerShareBasic`	$0.31	USD	1 Quarter
Net investment income per share basic	`NetInvestmentIncomeLossPerShareBasic`	$0.26	USD	1 Quarter
Net investment income per share basic	`NetInvestmentIncomeLossPerShareBasic`	$0.26	USD	1 Quarter
Net investment income per share diluted	`NetInvestmentIncomeLossPerShareDiluted`	$0.31	USD	1 Quarter
Net investment income per share diluted	`NetInvestmentIncomeLossPerShareDiluted`	$0.31	USD	1 Quarter
Net investment income per share diluted	`NetInvestmentIncomeLossPerShareDiluted`	$0.26	USD	1 Quarter
Net investment income per share diluted	`NetInvestmentIncomeLossPerShareDiluted`	$0.26	USD	1 Quarter
Earnings per share basic	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Earnings per share basic	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Earnings per share basic	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Earnings per share basic	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Earnings per share diluted	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Earnings per share diluted	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Earnings per share diluted	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Earnings per share diluted	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter

Cash Flow Statement 140 line items

Line Item	Tag	Value	Unit	Period
Net increase (decrease) in net assets resulting from operations	`ProfitLoss`	$5.97M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`ProfitLoss`	$5.97M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`ProfitLoss`	$14.03M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`ProfitLoss`	$14.03M	USD	1 Quarter
Purchases of investments	`PurchasesOfInvestments`	$68.64M	USD	1 Quarter
Purchases of investments	`PurchasesOfInvestments`	$68.64M	USD	1 Quarter
Purchases of investments	`PurchasesOfInvestments`	$53.12M	USD	1 Quarter
Purchases of investments	`PurchasesOfInvestments`	$53.12M	USD	1 Quarter
Payment-in-kind and other adjustments to cost	`PaymentInKindAndOtherAdjustmentsToCost`	$593.00K	USD	1 Quarter
Payment-in-kind and other adjustments to cost	`PaymentInKindAndOtherAdjustmentsToCost`	$593.00K	USD	1 Quarter
Payment-in-kind and other adjustments to cost	`PaymentInKindAndOtherAdjustmentsToCost`	$624.00K	USD	1 Quarter
Payment-in-kind and other adjustments to cost	`PaymentInKindAndOtherAdjustmentsToCost`	$624.00K	USD	1 Quarter
Repayments of investments	`RepaymentsOfInvestments`	$17.62M	USD	1 Quarter
Repayments of investments	`RepaymentsOfInvestments`	$17.62M	USD	1 Quarter
Repayments of investments	`RepaymentsOfInvestments`	$25.75M	USD	1 Quarter
Repayments of investments	`RepaymentsOfInvestments`	$25.75M	USD	1 Quarter
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	-	USD	1 Quarter
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	-	USD	1 Quarter
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$178.00K	USD	1 Quarter
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$178.00K	USD	1 Quarter
Net realized (gain) loss on derivatives	`GainLossOnSaleOfDerivatives`	-	USD	1 Quarter
Net realized (gain) loss on derivatives	`GainLossOnSaleOfDerivatives`	-	USD	1 Quarter
Net realized (gain) loss on derivatives	`GainLossOnSaleOfDerivatives`	$-116.00K	USD	1 Quarter
Net realized (gain) loss on derivatives	`GainLossOnSaleOfDerivatives`	$-116.00K	USD	1 Quarter
Net payment of settlement of derivatives	`NetPaymentOfSettlementOfDerivatives`	$116.00K	USD	1 Quarter
Net payment of settlement of derivatives	`NetPaymentOfSettlementOfDerivatives`	$116.00K	USD	1 Quarter
Net payment of settlement of derivatives	`NetPaymentOfSettlementOfDerivatives`	-	USD	1 Quarter
Net payment of settlement of derivatives	`NetPaymentOfSettlementOfDerivatives`	-	USD	1 Quarter
Net change in unrealized (appreciation) depreciation on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$4.93M	USD	1 Quarter
Net change in unrealized (appreciation) depreciation on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$4.93M	USD	1 Quarter
Net change in unrealized (appreciation) depreciation on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$-893.00K	USD	1 Quarter
Net change in unrealized (appreciation) depreciation on investments	`NetChangeInUnrealizedAppreciationDepreciationOnInvestments`	$-893.00K	USD	1 Quarter
Net change in unrealized (appreciation) depreciation on derivatives	`NetChangeInUnrealizedAppreciationDepreciationOnDerivatives`	-	USD	1 Quarter
Net change in unrealized (appreciation) depreciation on derivatives	`NetChangeInUnrealizedAppreciationDepreciationOnDerivatives`	-	USD	1 Quarter
Net change in unrealized (appreciation) depreciation on derivatives	`NetChangeInUnrealizedAppreciationDepreciationOnDerivatives`	$-91.00K	USD	1 Quarter
Net change in unrealized (appreciation) depreciation on derivatives	`NetChangeInUnrealizedAppreciationDepreciationOnDerivatives`	$-91.00K	USD	1 Quarter
Net unrealized (appreciation) depreciation on interest rate swap attributed to unsecured notes	`NetUnrealizedAppreciationDepreciationOnInterestRateSwapAttributedToUnsecuredNotes`	$479.00K	USD	1 Quarter
Net unrealized (appreciation) depreciation on interest rate swap attributed to unsecured notes	`NetUnrealizedAppreciationDepreciationOnInterestRateSwapAttributedToUnsecuredNotes`	$479.00K	USD	1 Quarter
Net unrealized (appreciation) depreciation on interest rate swap attributed to unsecured notes	`NetUnrealizedAppreciationDepreciationOnInterestRateSwapAttributedToUnsecuredNotes`	$-887.00K	USD	1 Quarter
Net unrealized (appreciation) depreciation on interest rate swap attributed to unsecured notes	`NetUnrealizedAppreciationDepreciationOnInterestRateSwapAttributedToUnsecuredNotes`	$-887.00K	USD	1 Quarter
Net amortization (accretion) on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$561.00K	USD	1 Quarter
Net amortization (accretion) on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$561.00K	USD	1 Quarter
Net amortization (accretion) on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$678.00K	USD	1 Quarter
Net amortization (accretion) on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$678.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$206.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$206.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$165.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$165.00K	USD	1 Quarter
Interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$118.00K	USD	1 Quarter
Interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$118.00K	USD	1 Quarter
Interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.07M	USD	1 Quarter
Interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.07M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-230.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-230.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-160.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-160.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$11.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$11.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	1 Quarter
Interest and credit facility fees payable	`IncreaseDecreaseInInterestAndCreditFacilityFeesPayable`	$1.52M	USD	1 Quarter
Interest and credit facility fees payable	`IncreaseDecreaseInInterestAndCreditFacilityFeesPayable`	$1.52M	USD	1 Quarter
Interest and credit facility fees payable	`IncreaseDecreaseInInterestAndCreditFacilityFeesPayable`	$7.16M	USD	1 Quarter
Interest and credit facility fees payable	`IncreaseDecreaseInInterestAndCreditFacilityFeesPayable`	$7.16M	USD	1 Quarter
Base management fees payable	`IncreaseDecreaseInManagementFeePayable`	$69.00K	USD	1 Quarter
Base management fees payable	`IncreaseDecreaseInManagementFeePayable`	$69.00K	USD	1 Quarter
Base management fees payable	`IncreaseDecreaseInManagementFeePayable`	$1.55M	USD	1 Quarter
Base management fees payable	`IncreaseDecreaseInManagementFeePayable`	$1.55M	USD	1 Quarter
Income incentive fees payable	`IncreaseDecreaseInIncentiveFeePayable`	$852.00K	USD	1 Quarter
Income incentive fees payable	`IncreaseDecreaseInIncentiveFeePayable`	$852.00K	USD	1 Quarter
Income incentive fees payable	`IncreaseDecreaseInIncentiveFeePayable`	$-203.00K	USD	1 Quarter
Income incentive fees payable	`IncreaseDecreaseInIncentiveFeePayable`	$-203.00K	USD	1 Quarter
Administrator expenses payable	`IncreaseDecreaseInAdministratorExpensesPayable`	$52.00K	USD	1 Quarter
Administrator expenses payable	`IncreaseDecreaseInAdministratorExpensesPayable`	$52.00K	USD	1 Quarter
Administrator expenses payable	`IncreaseDecreaseInAdministratorExpensesPayable`	$-356.00K	USD	1 Quarter
Administrator expenses payable	`IncreaseDecreaseInAdministratorExpensesPayable`	$-356.00K	USD	1 Quarter
Directors' fees and expenses payable (Note 9)	`IncreaseDecreaseInDirectorsFeesAndExpensesPayable`	-	USD	1 Quarter
Directors' fees and expenses payable (Note 9)	`IncreaseDecreaseInDirectorsFeesAndExpensesPayable`	-	USD	1 Quarter
Directors' fees and expenses payable (Note 9)	`IncreaseDecreaseInDirectorsFeesAndExpensesPayable`	$1.00K	USD	1 Quarter
Directors' fees and expenses payable (Note 9)	`IncreaseDecreaseInDirectorsFeesAndExpensesPayable`	$1.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$915.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$915.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-310.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-310.00K	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-6.00K	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-6.00K	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-83.00K	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-83.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-163.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-163.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$61.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$61.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-39.95M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-39.95M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.92M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.92M	USD	1 Quarter
Borrowings on debts	`ProceedsFromIssuanceOfDebt`	$78.20M	USD	1 Quarter
Borrowings on debts	`ProceedsFromIssuanceOfDebt`	$78.20M	USD	1 Quarter
Borrowings on debts	`ProceedsFromIssuanceOfDebt`	$11.00M	USD	1 Quarter
Borrowings on debts	`ProceedsFromIssuanceOfDebt`	$11.00M	USD	1 Quarter
Repayments of debts	`RepaymentsOfDebt`	$20.00M	USD	1 Quarter
Repayments of debts	`RepaymentsOfDebt`	$20.00M	USD	1 Quarter
Repayments of debts	`RepaymentsOfDebt`	$24.78M	USD	1 Quarter
Repayments of debts	`RepaymentsOfDebt`	$24.78M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$12.71M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$12.71M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$14.89M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$14.89M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$38.53M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$38.53M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.71M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.71M	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-29.64M	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-29.64M	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.42M	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.42M	USD	1 Quarter
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.56M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.56M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$69.61M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$69.61M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.98M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.98M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.97M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.97M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.56M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.56M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$69.61M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$69.61M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.98M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.98M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.97M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.97M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$5.06M	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$5.06M	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$846.00K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$846.00K	USD	1 Quarter
Distributions reinvested	`DistributionsReinvested`	$25.00K	USD	1 Quarter
Distributions reinvested	`DistributionsReinvested`	$25.00K	USD	1 Quarter
Distributions reinvested	`DistributionsReinvested`	$61.00K	USD	1 Quarter
Distributions reinvested	`DistributionsReinvested`	$61.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.