v3.26.1
DERIVATIVE INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table details our interest rate swap contracts outstanding as of March 31, 2026 and December 31, 2025.
As of March 31, 2026
CounterpartyMaturity DateNotional AmountFair ValueFinancial Statement Location of Net Amounts
JP Morgan Chase Bank N.A.
2/18/2030$300,000 $(1,693)Derivative liabilities, at fair value
JP Morgan Chase Bank N.A.
2/15/2031$300,000 $(3,340)Derivative liabilities, at fair value
As of December 31, 2025
CounterpartyMaturity DateNotional AmountFair ValueFinancial Statement Location of Net Amounts
JP Morgan Chase Bank N.A.2/18/2030$300,000 $298 Derivative assets, at fair value
JP Morgan Chase Bank N.A.
2/15/2031$300,000 $(1,436)Derivative liabilities, at fair value
Schedule of Offsetting Assets
The following tables present the Company’s assets and liabilities related to derivatives by counterparty, net of amounts available for offset under a master netting arrangement and net of any collateral received or pledged by the Company for such assets and liabilities as of March 31, 2026 and December 31, 2025:
As ofCounterpartyDerivative Assets subject to Master Netting AgreementDerivatives available for OffsetNon-cash Collateral ReceivedCash Collateral Received Net amount of Derivative Assets
March 31, 2026
JP Morgan Chase Bank N.A.
$— $— $— $— $— 
December 31, 2025
JP Morgan Chase Bank N.A.
298 (298)— — — 
As ofCounterpartyDerivative Liabilities subject to Master Netting AgreementDerivatives available for OffsetNon-cash Collateral PledgedCash Collateral Pledged Net amount of Derivative Liabilities
March 31, 2026
JP Morgan Chase Bank N.A.
$5,033 $— $— $(5,033)$— 
December 31, 2025
JP Morgan Chase Bank N.A.
1,436 (298)— (1,138)— 
Schedule of Offsetting Liabilities
The following tables present the Company’s assets and liabilities related to derivatives by counterparty, net of amounts available for offset under a master netting arrangement and net of any collateral received or pledged by the Company for such assets and liabilities as of March 31, 2026 and December 31, 2025:
As ofCounterpartyDerivative Assets subject to Master Netting AgreementDerivatives available for OffsetNon-cash Collateral ReceivedCash Collateral Received Net amount of Derivative Assets
March 31, 2026
JP Morgan Chase Bank N.A.
$— $— $— $— $— 
December 31, 2025
JP Morgan Chase Bank N.A.
298 (298)— — — 
As ofCounterpartyDerivative Liabilities subject to Master Netting AgreementDerivatives available for OffsetNon-cash Collateral PledgedCash Collateral Pledged Net amount of Derivative Liabilities
March 31, 2026
JP Morgan Chase Bank N.A.
$5,033 $— $— $(5,033)$— 
December 31, 2025
JP Morgan Chase Bank N.A.
1,436 (298)— (1,138)—