v3.25.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt

Debt consisted of the following (in thousands):

 

For the three months ended June 30, 2025

 

 

Aggregate Principal
Amount Committed

 

 

Drawn
Amount

 

 

Amount Available (1)

 

 

Carrying
Value(2)(3)

 

JPM Funding Facility

$

400,000

 

 

$

32,436

 

 

$

367,564

 

 

$

32,436

 

 

(1)The amount available is subject to any limitations related to the credit facility borrowing base.

(2)The amount presented excludes netting of deferred financing costs.

(3)As of June 30, 2025 the carrying amount of the Company’s outstanding debt approximated fair value, unless otherwise noted.
Summary of Interest and Credit Facility Expenses

The borrowing expenses incurred under the JPM Funding Facility were as follows:


(in $ thousands)

For the three months ended June 30, 2025

 

 

 

 

Borrowing interest expense

$

85

 

Unused facility fees

 

243

 

Amortization of financing costs

 

99

 

Total interest and credit facility expenses

$

427

 

Weighted average outstanding balance

$

11,925

 

 

The weighted average interest rate of the aggregate borrowings outstanding for the three months ended June 30, 2025 was 19.65%. The weighted average debt of the borrowings outstanding for the three months ended June 30, 2025 was $11,925.