v3.26.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Instruments [Abstract]  
Schedule of Long-term Debt Instruments

Our debt obligations consisted of the following as of March 31, 2026 and December 31, 2025:

 

 

March 31, 2026

 

 

 

December 31, 2025

 

 

Facility

 

Face Amount

 

 

Carrying Value

 

 

 

Face Amount

 

 

Carrying Value

 

 

Credit Facility

 

$

496,393

 

 

$

490,868

 

(1)

 

$

505,386

 

 

$

499,287

 

(1)

SPV Credit Facility

 

 

165,050

 

 

 

164,132

 

(2)

 

 

165,050

 

 

 

163,975

 

(2)

2026 Unsecured Notes

 

 

75,000

 

 

 

74,904

 

(3)

 

 

75,000

 

 

 

74,870

 

(3)

2027 Unsecured Notes

 

 

50,000

 

 

 

49,995

 

(4)

 

 

50,000

 

 

 

49,991

 

(4)

2027 Series F Unsecured Notes

 

 

135,000

 

 

 

134,995

 

(5)

 

 

135,000

 

 

 

134,993

 

(5)

2027 Series G Unsecured Notes

 

 

49,000

 

 

 

48,935

 

(6)

 

 

49,000

 

 

 

48,925

 

(6)

2028 Series H Unsecured Notes

 

 

50,000

 

 

 

49,950

 

(7)

 

 

50,000

 

 

 

49,944

 

(7)

2028 Series I Unsecured Notes

 

 

50,000

 

 

 

49,939

 

(8)

 

 

50,000

 

 

 

49,933

 

(8)

2028 Series J Unsecured Notes

 

 

75,000

 

 

 

74,489

 

(9)

 

 

75,000

 

 

 

74,436

 

(9)

 

$

1,145,443

 

 

$

1,138,207

 

 

 

$

1,154,436

 

 

$

1,146,354

 

 

 

(1)
Carrying Value equals the Face Amount net of unamortized debt issuance costs of $5,525 and $6,099 as of March 31, 2026 and December 31, 2025, respectively.
(2)
Carrying Value equals the Face Amount net of unamortized debt issuance costs/market discount of $918 and $1,075 as of March 31, 2026 and December 31, 2025, respectively.
(3)
Carrying Value equals the Face Amount net of unamortized market discount of $96 and $130 as of March 31, 2026 and December 31, 2025, respectively.
(4)
Carrying Value equals the Face Amount net of unamortized market discount of $5 and $9 as of March 31, 2026 and December 31, 2025, respectively.
(5)
Carrying Value equals the Face Amount net of unamortized debt issuance costs of $5 and $7 as of March 31, 2026 and December 31, 2025, respectively.
(6)
Carrying Value equals the Face Amount net of unamortized debt issuance costs of $65 and $75 as of March 31, 2026 and December 31, 2025, respectively.

(7) Carrying Value equals the Face Amount net of unamortized debt issuance costs of $50 and $56 as of March 31, 2026 and

December 31, 2025, respectively.

(8) Carrying Value equals the Face Amount net of unamortized debt issuance costs of $61 and $67 as of March 31, 2026 and

December 31, 2025, respectively.

(9) Carrying Value equals the Face Amount net of unamortized debt issuance costs of $511 and $564 as of March 31, 2026 and

December 31, 2025, respectively.