v3.25.4
Debt (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt

The Company's outstanding debt was as follows:

 

 

December 31, 2025

 

 

December 31, 2024

 

 

Aggregate
Borrowing
Amount
Committed

 

 

Amount
Available

 

 

Carrying
Value

 

 

Aggregate
Borrowing
Amount
Committed

 

 

Amount
Available

 

 

Carrying
Value

 

Credit Facility(1)

$

480,000

 

 

$

30,150

 

 

$

449,850

 

 

$

500,000

 

 

$

279,900

 

 

$

220,100

 

Total debt

$

480,000

 

 

$

30,150

 

 

$

449,850

 

 

$

500,000

 

 

$

279,900

 

 

$

220,100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provides, under certain circumstances, a total borrowing capacity of $1,000,000.
Schedule of Credit Facility

The following table presents summary information regarding the Credit Facility:

 

 

 

For the Year Ended December 31,

 

 

For the Year Ended December 31,

 

 

For the Year Ended December 31,

 

 

 

 

2025

 

 

2024

 

 

2023

 

 

Borrowing interest expense

 

$

20,869

 

 

$

8,283

 

 

$

373

 

 

Facility fees

 

 

1,257

 

 

 

1,492

 

 

 

1,928

 

 

Amortization of financing costs

 

 

1,191

 

 

 

976

 

 

 

642

 

 

Total

 

$

23,317

 

 

$

10,751

 

 

$

2,943

 

 

Weighted average interest rate

 

 

6.48

%

 

 

7.94

%

 

 

8.28

%

 

 Average outstanding balance

 

$

322,050

 

 

$

104,372

 

 

$

5,062

 

*