v3.25.2
Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Certain Information Related to the Company’s Foreign Currency Forward Derivative Instruments
The table below presents certain information related to the Company’s foreign currency forward derivative instruments as of the following periods:
As of June 30, 2025
(all amounts in thousands)
Notional Amount to be SoldGross Amount of Recognized AssetsGross Amount of Recognized Liabilities
Foreign currency forward contract£146,416 $197,237 $201,069 
Foreign currency forward contract€286,855 331,083 338,574 
Foreign currency forward contractA$12,942 8,443 8,519 
Total$536,763 $548,162 
Schedule of Derivative Instruments, Gain (Loss)
The table below presents net realized and unrealized gains and losses on derivative instruments not designated as a qualifying hedge accounting relationship recognized by the Company for the following periods:
For the Three Months Ended June 30,For the Six Months Ended June 30,
($ in thousands)2025202420252024
Net change in unrealized gain (loss) on foreign currency forward contracts$(11,400)$— $(11,400)$— 
Net realized gain (loss) on foreign currency forward contracts— — — — 
Total net unrealized and realized gain (loss) on foreign currency forward contracts$(11,400)$— $(11,400)$— 
The table below presents net unrealized gains and losses on effective interest rate swaps and hedged items included in interest expense for the following periods:
For the Three Months Ended June 30,For the Six Months Ended June 30,
($ in thousands)2025202420252024
Change in unrealized gain (loss) on effective interest rate swaps
$7,950 $— $20,171 $— 
Change in unrealized gain (loss) on hedged items
(8,303)— (20,992)— 
Net change in unrealized gain (loss) on effective interest rate swaps and hedged items included in interest expense
$(353)$— $(821)$— 
Schedule of Derivative Instruments The table below presents certain information related to the Company’s interest rate swaps as of the following periods:
As of June 30, 2025
($ in thousands)Hedged ItemsNotional AmountCompany ReceivesCompany PaysMaturity Date
Interest rate swapsApril 2029 Notes$700,000 6.75%
 S + 2.5645%
3/4/2029
Interest rate swaps March 2028 Notes $650,000 6.10%
 S + 1.7670%
2/15/2028
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The table below presents the balance sheet impact of fair valuing the interest rate swaps for the following periods:
As of June 30, 2025
($ in thousands)Notional AmountGross Amount of Recognized AssetsGross Amount of Recognized Liabilities
Interest rate swaps$700,000 $15,735 $16,195 
Interest rate swaps$650,000 13,087 13,676 
Total$28,822 $29,871