| Schedule of Total Debt Outstanding and Available |
Total debt outstanding and available at June 30, 2026 was as follows:
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Maturity |
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Rate |
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Carrying Value |
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Available |
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Total Capacity |
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Credit Facility |
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2036 |
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SOFR+1.90%(1) |
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|
$ |
260,000,000 |
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$ |
390,000,000 |
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|
$ |
650,000,000 |
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Revolving Credit Facility |
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2030 |
|
SOFR+1.88%(2) |
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144,266,304 |
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220,733,696 |
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365,000,000 |
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(3) |
SG Revolving Credit Facility |
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2027 |
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SOFR+1.25% |
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200,000,000 |
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— |
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200,000,000 |
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BMO Revolving Credit Facility |
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2031 |
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SOFR+1.50% |
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50,000,000 |
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150,000,000 |
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200,000,000 |
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Tranche A Notes |
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2027 |
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7.14 |
% |
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70,000,000 |
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— |
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70,000,000 |
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Tranche B Notes |
|
2030 |
|
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7.33 |
% |
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|
55,000,000 |
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— |
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55,000,000 |
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Promissory Notes |
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2055 |
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12.00 |
% |
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110,000 |
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— |
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110,000 |
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2025A Tranche B Notes |
|
2030 |
|
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6.14 |
% |
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|
150,000,000 |
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— |
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150,000,000 |
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2025A Tranche A Notes |
|
2028 |
|
|
5.78 |
% |
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|
50,000,000 |
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— |
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50,000,000 |
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Total leverage |
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$ |
979,376,304 |
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760,733,696 |
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1,740,110,000 |
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Unamortized issuance costs |
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(1,705,244 |
) |
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Debt, net of unamortized issuance costs |
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$ |
977,671,060 |
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(1) The outstanding amount was subject to a SOFR credit adjustment of 0.20%. (2) As of June 30, 2026, $76.6 million of the outstanding amount bore interest at a rate of EURIBOR + 1.88%. $67.7 million of the outstanding amount bore interest at a rate of CORRA + 1.88%, and was subject to a CORRA credit spread adjustment of 0.30%. (3) Revolving Credit Facility includes an accordion provision to permit increases to a total facility amount of up to $600.0 million. Total debt outstanding and available at December 31, 2025 was as follows:
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Maturity |
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Rate |
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Carrying Value |
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Available |
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Total Capacity |
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|
Credit Facility |
|
2033 |
|
SOFR+1.97%(1) |
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$ |
260,000,000 |
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$ |
390,000,000 |
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$ |
650,000,000 |
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Revolving Credit Facility |
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2030 |
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SOFR+1.88%(2) |
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50,970,583 |
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|
314,029,417 |
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|
365,000,000 |
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(3) |
SG Revolving Credit Facility |
|
2027 |
|
SOFR+1.15% |
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|
200,000,000 |
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|
— |
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|
200,000,000 |
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Tranche A Notes |
|
2027 |
|
|
7.14 |
% |
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|
70,000,000 |
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|
— |
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|
70,000,000 |
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Tranche B Notes |
|
2030 |
|
|
7.33 |
% |
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|
55,000,000 |
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— |
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|
55,000,000 |
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Promisory Notes |
|
2055 |
|
|
12.00 |
% |
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|
110,000 |
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— |
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110,000 |
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2025A Tranche B Notes |
|
2030 |
|
|
6.14 |
% |
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|
150,000,000 |
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— |
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|
150,000,000 |
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Tranche A Notes |
|
2028 |
|
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5.78 |
% |
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|
50,000,000 |
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— |
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50,000,000 |
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Total leverage |
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$ |
836,080,583 |
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$ |
704,029,417 |
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$ |
1,540,110,000 |
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Unamortized issuance costs |
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(1,864,718 |
) |
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Debt, net of unamortized issuance costs |
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$ |
834,215,865 |
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(1) The outstanding amount was subject to a SOFR credit adjustment of 0.20%. (2) As of December 31, 2025, $20.0 million of the outstanding amount bore interest at a rate of EURIBOR + 1.88%. $31.0 million of the outstanding amount bore interest at a rate of CORRA + 1.88%, and was subject to a CORRA credit spread adjustment of 0.30%. (3) Revolving Credit Facility includes an accordion provision to permit increases to a total facility amount of up to $600.0 million.
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