Commercial Commitments |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Guarantees [Abstract] | |
| Commercial Commitments | Commercial Commitments We have entered into various commercial commitments, including standby letters of credit and performance bonds. These commercial commitments require us to fulfill specific obligations in the event of third-party demands. Similar to our balance sheet investments, these commitments expose us to credit, market, and equipment risk. Accordingly, we evaluate these commitments and other contingent obligations using techniques similar to those we use to evaluate funded transactions. As of March 31, 2025 and December 31, 2024, we had commercial commitments of $8.7 million, consisting of standby letters of credit and performance bonds. There were no liabilities recorded on the balance sheet for commercial commitments at March 31, 2025 and December 31, 2024. As of March 31, 2025, our outstanding commitments expire in 2025 through 2028. We are not aware of any event that would require us to satisfy any of our commitments. We are parties to standby letters of credit and performance bonds, which primarily relate to contractual obligations and general liability insurance coverages. No material claims have been made against these obligations, and no material losses are anticipated.
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