v3.25.4
DEBT - Narrative (Details)
€ in Thousands, £ in Thousands, $ in Thousands, $ in Thousands
 12 Months Ended 24 Months Ended 36 Months Ended
Sep. 12, 2023
USD ($)
Jun. 29, 2022
USD ($)
Feb. 01, 2022
USD ($)
Dec. 31, 2025
USD ($)
Sep. 12, 2028
Sep. 12, 2026
Dec. 31, 2025
EUR (€)
Dec. 31, 2025
CAD ($)
Dec. 31, 2025
GBP (£)
Sep. 25, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2024
EUR (€)
Dec. 31, 2024
CAD ($)
Dec. 31, 2024
GBP (£)
Oct. 01, 2024
USD ($)
Aug. 05, 2024
USD ($)
Dec. 31, 2023
Dec. 01, 2023
USD ($)
Aug. 10, 2023
USD ($)
Mar. 16, 2023
USD ($)
Debt Instrument [Line Items]                                        
Aggregate principal amount       $ 5,406,000             $ 5,310,000                  
Interest Rate Swap, Series A 2026 Notes                                        
Debt Instrument [Line Items]                                        
Interest rate                                       6.96%
Fair Value       (477)                                
Interest Rate Swap, Series A 2028 Notes                                        
Debt Instrument [Line Items]                                        
Stated interest rate, derivative                                       8.13%
Interest rate                                       4.88%
Interest Rate Swap, Series B 2026 Notes                                        
Debt Instrument [Line Items]                                        
Interest rate                                     6.12%  
Notional amount                                     $ 107,000  
Fair Value       (578)                                
Interest Rate Swap, Series B 2028 Notes                                        
Debt Instrument [Line Items]                                        
Interest rate                                     5.56%  
Notional amount                                     $ 128,000  
Fair Value       (365)                                
Interest Rate Swap, Series C 2027 Notes                                        
Debt Instrument [Line Items]                                        
Interest rate                                   4.49%    
Notional amount                                   $ 136,500    
Fair Value       1,481                                
Interest Rate Swap, Series C 2029 Notes                                        
Debt Instrument [Line Items]                                        
Notional amount                                   $ 163,500    
Fair Value       4,128                                
Interest Rate Swap, Series D 2027 Notes                                        
Debt Instrument [Line Items]                                        
Interest rate                               3.46%        
Notional amount                               $ 100,000        
Fair Value       3                                
Interest Rate Swap, Series D 2029 Notes                                        
Debt Instrument [Line Items]                                        
Interest rate                               3.48%        
Notional amount                               $ 200,000        
Fair Value       $ 148                                
Long | Interest Rate Swap, Series B 2026 Notes                                        
Debt Instrument [Line Items]                                        
Stated interest rate, derivative                                     8.84%  
Long | Interest Rate Swap, Series B 2028 Notes                                        
Debt Instrument [Line Items]                                        
Stated interest rate, derivative                                     8.88%  
Long | Interest Rate Swap, Series C 2027 Notes                                        
Debt Instrument [Line Items]                                        
Stated interest rate, derivative                                   8.92%    
Long | Interest Rate Swap, Series C 2029 Notes                                        
Debt Instrument [Line Items]                                        
Stated interest rate, derivative                                   9.07%    
Long | Interest Rate Swap, Series D 2027 Notes                                        
Debt Instrument [Line Items]                                        
Stated interest rate, derivative                               6.84%        
Long | Interest Rate Swap, Series D 2029 Notes                                        
Debt Instrument [Line Items]                                        
Stated interest rate, derivative                               6.91%        
Secured Overnight Financing Rate (SOFR)                                        
Debt Instrument [Line Items]                                        
Debt Instrument, Basis Spread on Variable Rate       3.69%                                
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Short | Interest Rate Swap, Series C 2029 Notes                                        
Debt Instrument [Line Items]                                        
Interest rate                                   4.77%    
ING Facility                                        
Debt Instrument [Line Items]                                        
Unused fee percentage     0.375%                                  
ING Facility | Line of Credit                                        
Debt Instrument [Line Items]                                        
Maximum borrowing capacity     $ 1,350,000                                  
Maximum borrowing capacity option under accordion feature     $ 2,025,000                                  
Aggregate principal amount       $ 1,350,000 [1]     € 12,216 $ 5,800 £ 2,200   1,350,000 [1] € 12,216 $ 2,800 £ 2,200            
ING Facility | Federal Reserve Bank of New York Rate | Line of Credit                                        
Debt Instrument [Line Items]                                        
Debt Instrument, Basis Spread on Variable Rate     0.50%                                  
ING Facility | Secured Overnight Financing Rate (SOFR) | Line of Credit | Minimum                                        
Debt Instrument [Line Items]                                        
Debt Instrument, Basis Spread on Variable Rate     0.875%                                  
ING Facility | Secured Overnight Financing Rate (SOFR) | Line of Credit | Maximum                                        
Debt Instrument [Line Items]                                        
Debt Instrument, Basis Spread on Variable Rate     1.00%                                  
ING Facility | Secured Overnight Financing Rate (SOFR) | Line of Credit | Maximum | Revolving Credit Facility                                        
Debt Instrument [Line Items]                                        
Debt Instrument, Basis Spread on Variable Rate     1.875%                                  
Wells Funding Facility | Line of Credit                                        
Debt Instrument [Line Items]                                        
Maximum borrowing capacity   $ 900,000                                    
Extension period   1 year                                    
Aggregate principal amount       900,000             900,000                  
Wells Funding Facility | Federal Funds Rate | Line of Credit                                        
Debt Instrument [Line Items]                                        
Debt Instrument, Basis Spread on Variable Rate   1.50%                                    
Wells Funding Facility | SONIA, EURIBOR or CDOR | Line of Credit | Minimum                                        
Debt Instrument [Line Items]                                        
Debt Instrument, Basis Spread on Variable Rate   0.00%                                    
Wells Funding Facility | SONIA, EURIBOR or CDOR | Line of Credit | Maximum                                        
Debt Instrument [Line Items]                                        
Debt Instrument, Basis Spread on Variable Rate   1.90%                                    
JPM Funding Facility | Line of Credit                                        
Debt Instrument [Line Items]                                        
Maximum borrowing capacity       1,200,000                                
Aggregate principal amount       $ 1,200,000             1,200,000                  
JPM Funding Facility | Secured Overnight Financing Rate (SOFR) | Line of Credit                                        
Debt Instrument [Line Items]                                        
Debt Instrument, Basis Spread on Variable Rate       1.90%                                
JPM Funding Facility | Federal Funds Rate | Line of Credit                                        
Debt Instrument [Line Items]                                        
Debt Instrument, Basis Spread on Variable Rate       0.50%                                
CBNA Funding Facility | Line of Credit                                        
Debt Instrument [Line Items]                                        
Maximum borrowing capacity $ 375,000                                      
Maximum borrowing capacity option under accordion feature $ 750,000                                      
Aggregate principal amount       $ 375,000             375,000                  
CBNA Funding Facility | Secured Overnight Financing Rate (SOFR) | Line of Credit | Forecast                                        
Debt Instrument [Line Items]                                        
Debt Instrument, Basis Spread on Variable Rate         2.90% 2.25%                            
CBNA Funding Facility | Secured Overnight Financing Rate (SOFR) | Line of Credit | Minimum                                        
Debt Instrument [Line Items]                                        
Debt Instrument, Basis Spread on Variable Rate 0.00%                                      
CBNA Funding Facility | Federal Funds Rate | Line of Credit                                        
Debt Instrument [Line Items]                                        
Debt Instrument, Basis Spread on Variable Rate 0.50%                                      
Series A 2026 Notes | Senior Notes                                        
Debt Instrument [Line Items]                                        
Aggregate principal amount       0 [2]             204,000 [2]                 $ 204,000
Stated interest rate                                       8.10%
Series A 2028 Notes | Senior Notes                                        
Debt Instrument [Line Items]                                        
Aggregate principal amount       146,000 [2]             146,000 [2]                 $ 146,000
Stated interest rate                                       8.13%
Series B 2026 Notes | Senior Notes                                        
Debt Instrument [Line Items]                                        
Aggregate principal amount       107,000 [3]             107,000 [3]               $ 107,000  
Stated interest rate                                     8.84%  
Series B 2028 Notes | Senior Notes                                        
Debt Instrument [Line Items]                                        
Aggregate principal amount       128,000 [3]             128,000 [3]               $ 128,000  
Stated interest rate                                     8.88%  
Series C 2027 Notes | Senior Notes                                        
Debt Instrument [Line Items]                                        
Aggregate principal amount       136,500 [4]             136,500 [4]             $ 136,500    
Series C 2029 Notes | Senior Notes                                        
Debt Instrument [Line Items]                                        
Aggregate principal amount       $ 163,500 [4]             $ 163,500 [4]             $ 163,500    
Stated interest rate       9.07%     9.07% 9.07% 9.07%   9.07% 9.07% 9.07% 9.07%     9.07%      
Series D 2027 | Senior Notes                                        
Debt Instrument [Line Items]                                        
Aggregate principal amount       $ 100,000 [5]             $ 100,000 [5]         $ 100,000        
Stated interest rate       6.84%     6.84% 6.84% 6.84%   6.84% 6.84% 6.84% 6.84%            
Series D 2029 | Senior Notes                                        
Debt Instrument [Line Items]                                        
Aggregate principal amount       $ 200,000 [5]             $ 200,000 [5]         $ 200,000        
Stated interest rate       6.91%     6.91% 6.91% 6.91%   6.91% 6.91% 6.91% 6.91%            
2030 Notes | Senior Notes                                        
Debt Instrument [Line Items]                                        
Aggregate principal amount       $ 300,000 [6]             $ 300,000 [6]       $ 300,000          
Stated interest rate       5.75%     5.75% 5.75% 5.75%   5.75% 5.75% 5.75% 5.75% 5.75%          
Percentage of holders representing outstanding principal                             100.00%          
2028 Notes                                        
Debt Instrument [Line Items]                                        
Interest rate                   2.06%                    
Notional amount                   $ 300,000                    
Fair Value       $ (514)                                
2028 Notes | Long                                        
Debt Instrument [Line Items]                                        
Stated interest rate, derivative       5.383%     5.383% 5.383% 5.383%                      
2028 Notes | Senior Notes                                        
Debt Instrument [Line Items]                                        
Aggregate principal amount                   $ 300,000                    
Stated interest rate       5.13% [7]     5.13% [7] 5.13% [7] 5.13% [7] 5.125%                    
[1] As of December 31, 2025 and December 31, 2024, letters of credit of $613 and $613, respectively, were outstanding, which reduced the unused availability under the ING Facility by the same amount. Under the ING Facility, the Company may borrow in U.S. dollars or certain other permitted currencies. As of December 31, 2025 and December 31, 2024, the Company had borrowings denominated in Euros (EUR) of 12,216 and 12,216. As of December 31, 2025 and December 31, 2024, the Company had borrowings denominated in Canadian dollars (CAD) of 5,800 and 2,800, respectively. As of December 31, 2025 and December 31, 2024, the Company had borrowings denominated in British Pound (GBP) of 2,200 and 2,200, respectively.
[2] The carrying value of the Company’s Series A 2026 Notes and Series A 2028 Notes was presented on the Consolidated Statements of Financial Condition net of unamortized debt issuance costs of $0 and $849, respectively, as of December 31, 2025 and $888 and $1,014, respectively, as of December 31, 2024.
[3] The carrying value of the Company’s Series B 2026 Notes and Series B 2028 Notes was presented on the Consolidated Statements of Financial Condition net of unamortized debt issuance costs of $255 and $773, respectively, as of December 31, 2025 and $655 and $1,055, respectively, as of December 31, 2024.
[4] The carrying value of the Company’s Series C 2027 Notes and Series C 2029 Notes was presented on the Consolidated Statements of Financial Condition net of unamortized debt issuance costs of $534 and $1,075, respectively, as of December 31, 2025 and $985 and $1,406, respectively, as of December 31, 2024.
[5] The carrying value of the Company’s Series D 2027 Notes and Series D 2029 Notes was presented on the Consolidated Statements of Financial Condition net of unamortized debt issuance costs of $610 and $1,651, respectively, as of December 31, 2025 and $993 and $2,110, respectively, as of December 31, 2024.
[6] The carrying value of the Company’s 2030 Notes was presented on the Consolidated Statements of Financial Condition net of unamortized debt issuance costs of $3,080, as of December 31, 2025 and $3,721, as of December 31, 2024.
[7] For the year ended December 31, 2025, calculated for the period from September 25, 2025 through December 31, 2025.