v3.25.2
Credit Facilities (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Summary of Amounts Outstanding and Available under Credit Facilities

A summary of amounts outstanding and available under the PNC Revolving Credit Agreement as of June 30, 2025 and December 31, 2024 was as follows:

 

PNC Revolving Credit Facility

 

Maximum
Commitment

 

 

Borrowings
Outstanding

 

 

Available
Amount
(1)

 

As of June 30, 2025

 

$

350,000

 

 

$

213,500

 

 

$

136,322

 

As of December 31, 2024

 

$

350,000

 

 

$

300,000

 

 

$

49,822

 

 

The amount available considers any limitations related to the debt facility borrowing.
Summary Information Regarding Credit Facilities

The summary information regarding the Credit Facilities for the three and six months ended June 30, 2025 and 2024 was as follows:

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Credit Facilities interest expense

 

$

4,134

 

 

$

4,620

 

 

$

9,122

 

 

$

9,292

 

Unused commitment fees

 

 

81

 

 

 

963

 

 

 

107

 

 

 

2,108

 

Administrative fees

 

 

 

 

 

50

 

 

 

 

 

 

100

 

Amortization of deferred financing costs

 

 

325

 

 

 

423

 

 

 

647

 

 

 

930

 

Total

 

$

4,540

 

 

$

6,056

 

 

$

9,876

 

 

$

12,430

 

Weighted average interest rate

 

 

6.47

%

 

 

8.04

%

 

 

6.47

%

 

 

8.04

%

Average outstanding balance

 

$

252,742

 

 

$

227,363

 

 

$

280,240

 

 

$

228,516