| Schedule of Borrowings Outstanding |
The Company had the following borrowings outstanding as of June 30, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | Issuance Date
($ in thousands) | Maturity Date | | Interest Rate as of June 30, 2026 | | June 30, 2026 | | December 31, 2025 | | Credit Facility: | | | | | | | | | February 21, 2019 | November 13, 2030 | | 4.738% | | $ | 277,226 | | | $ | 226,786 | | | Total Credit Facility | | | | | $ | 277,226 | | | $ | 226,786 | | | Notes: | | | | | | | | | November 5, 2020 - Series C Notes | November 4, 2027 | | 4.750% | | $ | 112,500 | | | $ | 112,500 | | | February 25, 2021 Series D Notes | February 26, 2026 | | —% | | — | | | 80,000 | | | February 25, 2021 Series E Notes | February 26, 2028 | | 4.060% | | 70,000 | | | 70,000 | | | November 23, 2021 - November 2026 Notes | November 23, 2026 | | 3.300% | | 350,000 | | | 350,000 | | | February 12, 2024 - February 2029 Notes (1) | February 15, 2029 | | 6.828% | | 298,777 | | | 303,334 | | | September 15, 2025 - September 2028 Notes (1) | September 15, 2028 | | 5.739% | | 294,381 | | | 297,928 | | | (Less: Deferred financing fees) | | | | | (8,169) | | | (10,441) | | | Total Notes | | | | | $ | 1,117,489 | | | $ | 1,203,321 | |
(1) Inclusive of change in fair market value of effective hedge. The effective stated interest rate includes the impact of interest rate swaps. The Company’s summary information of its borrowings were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Three Months Ended | | Six Months Ended | | Six Months Ended | | ($ in thousands) | | June 30, 2026 | | June 30, 2025 | | June 30, 2026 | | June 30, 2025 | Combined weighted average interest rate(1) | | 5.043 | % | | 5.251 | % | | 4.988 | % | | 5.229 | % | | Combined weighted average debt outstanding | | $ | 1,437,456 | | | $ | 1,584,139 | | | $ | 1,417,183 | | | $ | 1,510,052 | |
(1) Excludes unused commitment fees and amortization of financing costs. Inclusive of effective interest rate swaps and hedged items.
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