| Schedule of Long-Term Debt Instruments |
The following table shows the Company's outstanding debt as of December 31, 2025 and December 31, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Liability
(in thousands) | | December 31, 2025 | | December 31, 2024 | | Total Commitment | | Balance Outstanding | | Unused Commitment | | Total Commitment | | Balance Outstanding | | Unused Commitment | | Revolving Credit Facility | | $ | 75,000 | | | 66,000 | | | $ | 9,000 | | | $ | 250,000 | | | $ | 88,000 | | | $ | 162,000 | | | 2027 Notes | | 75,000 | | | 75,000 | | | — | | | 75,000 | | | 75,000 | | | — | | | Total | | $ | 150,000 | | | $ | 141,000 | | | $ | 9,000 | | | $ | 325,000 | | | $ | 163,000 | | | $ | 162,000 | |
Interest expense on these borrowings includes the interest cost charged on borrowings, the unused fee on the Credit Facility (as defined below), paying and administrative agent fees, and the amortization of deferred Credit Facility fees and expenses. These expenses are shown in the table below: | | | | | | | | | | | | | | | | | | | | | | | For the Year Ended December 31, | Interest Expense and Amortization of Fees
(in thousands) | | 2025 | | 2024 | | 2023 | | Revolving Credit Facility | | | | | | | | Interest cost | | $ | 6,375 | | | $ | 9,895 | | | $ | 9,759 | | | Unused fee | | 405 | | | 848 | | | 264 | | | Amortization of costs and other fees | | 1,265 | | | 999 | | | 918 | | | Revolving Credit Facility Total | | $ | 8,045 | | | $ | 11,742 | | | $ | 10,941 | | | | | | | | | | 2027 Notes | | | | | | | | Interest cost | | $ | 4,395 | | | $ | 4,395 | | | $ | 4,395 | | | Amortization of costs and other fees | | 197 | | | 185 | | | 173 | | | 2027 Notes Total | | $ | 4,592 | | | $ | 4,580 | | | $ | 4,568 | | | | | | | | | | Total interest expense and amortization of fees | | $ | 12,637 | | | $ | 16,322 | | | $ | 15,509 | |
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| Schedule of Carrying Values and Estimated Fair Values of Debt Instruments |
The following table shows additional information about the level in the fair value hierarchy of the Company’s liabilities as of December 31, 2025 and December 31, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Liability
(in thousands) | | December 31, 2025 | | December 31, 2024 | | Level 1 | | Level 2 | | Level 3 | | Total | | Level 1 | | Level 2 | | Level 3 | | Total | | Credit Facility | | $ | — | | | $ | — | | | $ | 66,000 | | | $ | 66,000 | | | $ | — | | | $ | — | | | $ | 88,000 | | | $ | 88,000 | | | 2027 Notes | | — | | | — | | | 74,881 | | | 74,881 | | | — | | | — | | | 72,277 | | | 72,277 | | | Total | | $ | — | | | $ | — | | | $ | 140,881 | | | $ | 140,881 | | | $ | — | | | $ | — | | | $ | 160,277 | | | $ | 160,277 | |
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