v3.26.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Revolving Credit Facilities and Lines of Credit The following table summarizes certain details related to our outstanding master repurchase agreements as of the dates presented (in millions, except interest rates):
LenderMaturity Date
Maximum Borrowing Capacity(1)
Outstanding Borrowings at March 31, 2026
Outstanding Borrowings at December 31, 2025
Weighted-Average Interest Rate at March 31, 2026
JPMorgan Chase Bank, N.A.(2)
April 22, 2027$200 $119 $126 5.28 %
Bank of Montreal(3)
February 24, 2027200 98 88 5.22 %
UBS AG
September 4, 2026150 69 85 5.22 %
Bank of Nova Scotia
June 8, 2026100 49 65 5.18 %
Total$650 $335 $364 
(1) Available borrowing capacity under our master repurchase agreements is primarily uncommitted.
(2) Agreement was amended and renewed on April 23, 2026 to extend the maturity date to April 22, 2027.
(3) Agreement was amended and renewed on February 25, 2026 to increase the total maximum borrowing capacity from $150 million to $200 million and to extend the maturity date to February 24, 2027.