v3.26.1
Debt (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Debt Obligations
Debt obligations consisted of the below as of the following periods:
As of June 30, 2026
Aggregate Principal CommittedOutstanding Principal
Unused Portion(3)
Amount Available(1)
Unamortized Debt Issuance Costs
Net Carrying Value
Revolving Credit Facility(2)
$75,000 $— 75,000 $75,000 $(1,330)$(1,330)
SPV Asset Facility I200,000 150,500 49,500 35,801 (1,688)148,812 
Total Debt$275,000 $150,500 $124,500 $110,801 $(3,018)$147,482 
_______________
(1)The amount available and unused portion reflect any limitations related to each credit facility’s borrowing base.
(2)There were no outstanding borrowings on the Revolving Credit Facility as of June 30, 2026.
(3)The unused portion is the amount upon which commitment fees, if any, are based.
As of December 31, 2025
Aggregate Principal CommittedOutstanding Principal
Unused Portion(3)
Amount Available (1)
Unamortized Debt Issuance Costs
Net Carrying Value
Revolving Credit Facility(2)
$225,000 $11,598 $213,402 $213,402 $(2,314)$9,284 
SPV Asset Facility I375,000 315,000 60,000 59,265 (3,327)311,673 
2026 Notes350,000 350,000 — — (2,150)347,850 
Total Debt$950,000 $676,598 $273,402 $272,667 $(7,791)$668,807 
_______________
(1)The amount available and unused portion reflect any limitations related to each credit facility’s borrowing base.
(2)Net carrying value includes the unrealized translation gain (loss) on borrowings denominated in foreign currencies.
(3)The unused portion is the amount upon which commitment fees, if any, are based.
Schedule of Components of Interest Expense
For the following periods, the components of interest expense were as follows:
For the Three Months Ended June 30,
For the Six Months Ended June 30,
2026202520262025
Interest expense$12,801 $15,897 $24,109 $32,628 
Amortization of debt issuance costs3,380 1,070 6,151 2,180 
Total Interest Expense$16,181 $16,967 $30,260 $34,808 
Average interest rate(1)
13.4 %8.1 %9.8 %7.9 %
Average daily borrowings$380,940 $785,925 $494,069 $824,148 
_______________
(1)Includes the impact of fees on undrawn portions of the Company’s credit facilities for the three and six months ended June 30, 2026 and 2025.
Schedule of Contractual Payment Obligations Under Credit Facilities and Notes
The table below presents a summary of the Company’s contractual payment obligations under credit facilities and notes as of June 30, 2026:
Payments Due by Period
TotalLess than 1 year1-3 years3-5 yearsAfter 5 years
Revolving Credit Facility$— $— $— $— $— 
SPV Asset Facility I150,500 — — 150,500 — 
Total Contractual Obligations$150,500 $— $— $150,500 $—