v3.26.1
Secured Financing Agreements (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The table below summarizes our Secured Financing Facilities as of June 30, 2026 and December 31, 2025:
Debt Obligation
Weighted AverageCollateral
Maximum Facility SizePrincipal BalanceCarrying Value
Coupon Rate (1)
Remaining Maturity (years) (2)
Maturity Date
Principal Balance
June 30, 2026:
UBS Master Repurchase Facility$250,000 $134,692 $134,174 6.22%0.92/18/2028$195,585 
Wells Fargo Master Repurchase Facility250,000 116,305 115,731 5.43%1.53/13/2028155,465 
Citibank Master Repurchase Facility215,000 135,715 135,613 5.71%0.29/27/2026200,410 
BMO Facility150,000 85,032 84,816 5.64%1.0Various114,925 
Total/weighted average$865,000 $471,744 $470,334 5.78%0.9$666,385 
December 31, 2025:
UBS Master Repurchase Facility$250,000 $194,948 $194,887 6.19%0.12/18/2026$278,594 
Citibank Master Repurchase Facility215,000 135,715 135,426 5.84%0.79/27/2026199,838 
BMO Facility150,000 64,632 64,442 5.81%0.9Various88,684 
Wells Fargo Master Repurchase Facility125,000 92,980 92,902 5.54%0.23/11/2026120,469 
Total/weighted average$740,000 $488,275 $487,657 5.92%0.4$687,585 
(1)The weighted average coupon rate is determined using SOFR plus a spread ranging from 1.50% to 2.95%, as applicable, for the respective borrowings under our Secured Financing Facilities as of the applicable date.
(2)The weighted average remaining maturity of our Master Repurchase Facilities is determined using the earlier of the underlying loan investment maturity date and the respective repurchase agreement maturity date. The weighted average remaining maturity of the BMO Facility is determined using the underlying loan investment maturity date.
Schedule of Maturities of Long-term Debt
As of June 30, 2026, our outstanding borrowings under our Secured Financing Facilities had the following remaining maturities:
YearPrincipal Payments on
Secured Financing Facilities
2026$249,112 
202790,887 
2028111,345 
202920,400 
2030 and thereafter— 
$471,744