v3.25.2
Subsequent Events
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events

13. Subsequent Events

The Company has evaluated subsequent events through the date of issuance of the consolidated financial statements. There have been no subsequent events that require recognition or disclosure in these consolidated financial statements other than those described below.

On July 1, 2025, the Company entered into a Repurchase Transaction with Barclays which settled on July 25, 2025 with a principal amount of $394,500.

On July 3, 2025, the Company entered into the Seventh Amendment to the Third Amended and Restated Revolving Credit Agreement (the "Seventh Amended Credit Agreement"). The Seventh Amended Credit Agreement extended the maturity date of the loan until January 2, 2026. Additionally, the Applicable Margin was updated from 1.50% to 1.00% for Base Rate Loans and 2.50% to 2.00% for all other loan types.

On July 31, 2025, the Company's term was extended for an additional one-year period from September 19, 2025 to September 19, 2026 via a supermajority vote of the Unitholders.

On August 13, 2025, the Company’s Board renewed the Advisory Agreement for an additional one-year term until September 15, 2026.

On August 13, 2025, the Company’s Board renewed the Administration Agreement for an additional one-year term until September 15, 2026.