v3.25.1
Debentures (Tables)
12 Months Ended
Dec. 31, 2024
Debentures [Abstract]  
Schedule of Activity Related to the Debentures

The following is a summary of activity related to the debentures for the years ended December 31, 2024, 2023, and 2022:

 

As of December 31, 2021   60,484 
Interest incurred   12,074 
Interest payments   (11,685)
As of December 31, 2022   60,873 
Interest incurred   11,639 
Principal payments   (7,417)
Interest payments   (13,898)
As of December 31, 2023   51,197 
Interest incurred   8,816 
Principal payments   (11,312)
Interest payments   (7,961)
As of December 31, 2024   40,740 
Schedule of Exposure Premium Fair Value Considers a Cap for the Liquidity Event or Early Redemption According

The Exposure Premium is calculated based on its fair value. The Exposure Premium fair value considers a cap for the liquidity event or early redemption according to the following criteria:

 

Liquidity Event Date or Early Redemption Date  Cap Applied to Total Debentures Outstanding (%) 
From May 14, 2021 (inclusive) to May 14, 2022 (exclusive)   35.00%
From May 14, 2022 (inclusive) to May 14, 2023 (exclusive)   40.00%
From May 14, 2023 (inclusive) to May 14, 2024 (exclusive)   45.00%
From May 14, 2024 (inclusive) to May 14, 2031   50.00%