Debt (Tables)

6 Months Ended

Jun. 30, 2026

The Company's corporate debt is composed of a securitized financing facility.


	June 30, 2026				December 31, 2025
(In thousands)	Principal		Deferred Financing Cost		Amortized Cost		Principal		Deferred Financing Cost		Amortized Cost

Securitized financing facility	$	300,000	$	(8,234)	$	291,766	$	300,000	$	(1,196)	$	298,804

Schedule of Securitized Financing Facility

The following table summarizes certain key terms of the Series 2026-1 Notes:

($ in thousands)

Outstanding Principal

Interest Rate

(Per Annum)(1)

ARD(2)

Years Remaining to ARD(2)

Class A-2 Notes

300,000

6.326

June 2031

4.9

Variable Funding Notes

—

1-month Term SOFR + 2.6%

June 2031

__________

(1) Unused capacity under the VFN facility is subject to a commitment fee of 0.5% per annum.

(2) The final maturity date of the Class A-2 Notes is in March 2056. The ARD of the VFN reflects two one-year extensions exercisable at the option of the Co-Issuers.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details