Debt - Additional Information (Details) - USD ($)
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1 Months Ended |
3 Months Ended |
6 Months Ended |
9 Months Ended |
12 Months Ended |
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Jul. 25, 2024 |
Dec. 15, 2021 |
Dec. 15, 2020 |
Apr. 06, 2018 |
Apr. 05, 2018 |
Jun. 30, 2026 |
Mar. 31, 2026 |
Feb. 28, 2026 |
Nov. 30, 2025 |
Apr. 30, 2025 |
Feb. 28, 2025 |
Dec. 31, 2024 |
Feb. 29, 2024 |
Oct. 31, 2021 |
Mar. 31, 2021 |
Sep. 30, 2019 |
Sep. 15, 2026 |
Sep. 04, 2026 |
Mar. 31, 2026 |
Sep. 30, 2025 |
Jun. 30, 2026 |
Sep. 30, 2025 |
Oct. 29, 2025 |
Jun. 30, 2025 |
May 31, 2024 |
Apr. 30, 2023 |
Jan. 31, 2021 |
| Debt Instrument [Line Items] |
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| Annualized weighted average cost of debt |
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6.10%
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6.10%
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6.90%
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| Credit Facility |
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$ 318,310,000
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$ 683,837,000
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$ 318,310,000
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$ 683,837,000
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| Outstanding borrowings |
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318,300,000
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| Notes payable to members |
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$ 6,100,000
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0
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6,100,000
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| Percentage of public offering price per notes issued |
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100.00%
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99.30%
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101.50%
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99.40%
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| Credit facility interest rate description |
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SOFR plus 225 basis points
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| Debt securitization |
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$ 21,000,000
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$ 300,700,000
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$ 297,800,000
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$ 300,700,000
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| Pennant Park Senior Secured Loan Fund I L L C [Member] |
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| Debt Instrument [Line Items] |
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| Credit Facility |
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$ 110,500,000
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74,500,000
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110,500,000
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74,500,000
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| Notes payable to members |
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$ 271,600,000
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$ 271,600,000
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$ 271,600,000
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$ 271,600,000
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| Class D-R Notes |
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| Debt Instrument [Line Items] |
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| Annualized weighted average cost of debt |
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5.70%
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6.20%
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5.70%
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6.20%
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| 2031 Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Percentage of preferred shares of securitization issuer |
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100.00%
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| Preferred shares of securitization issuer |
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$ 55,400,000
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| 2031 Asset-Backed Debt | Class D-R Notes |
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| Debt Instrument [Line Items] |
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| Reference rate description |
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three-month SOFR plus 4.30%
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| 2036 Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Asset backed debt |
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$ 287,000,000
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$ 287,000,000
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| Unamortized fees |
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$ 2,100,000
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2,400,000
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| 2038-R Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Outstanding borrowings |
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69,500,000
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| Replacement Debt |
100.00%
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| 2036-R Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Replacement Debt |
100.00%
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| Asset backed debt |
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$ 287,000,000
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$ 266,000
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287,000,000
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266,000
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| Unamortized fees |
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$ 400,000
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$ 600,000
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| 2036-R Asset-Backed Debt | Class A-1-R Notes |
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| Debt Instrument [Line Items] |
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| Debt instrument |
$ 203,000,000
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| Reference rate description |
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three-month SOFR plus 1.75%
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| 2036-R Asset-Backed Debt | Class A-2-R Notes |
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| Debt Instrument [Line Items] |
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| Debt instrument |
10,500,000
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| Reference rate description |
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three-month SOFR plus 1.90%
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| 2036-R Asset-Backed Debt | Class B-R Notes |
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| Debt Instrument [Line Items] |
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| Debt instrument |
12,000,000
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| Reference rate description |
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three-month SOFR plus 2.05%
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| 2036-R Asset-Backed Debt | Class C-R Notes |
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| Debt Instrument [Line Items] |
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| Debt instrument |
28,000,000
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| Reference rate description |
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interest at three-month SOFR plus 2.75%
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| 2036-R Asset-Backed Debt | Class D-R Notes |
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| Debt Instrument [Line Items] |
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| Debt instrument |
21,000,000
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| 2036-R Asset-Backed Debt | B 2 Notes |
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| Debt Instrument [Line Items] |
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| Debt instrument |
64,000,000
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| 2036-R Asset-Backed Debt | C 2 Notes |
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| Debt Instrument [Line Items] |
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| Debt instrument |
12,500,000
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| 2037 Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Annualized weighted average cost of debt |
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5.40%
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5.90%
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5.40%
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5.90%
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| Asset backed debt |
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$ 389,500,000
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$ 361,000,000
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$ 389,500,000
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$ 361,000,000
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| Unamortized fees |
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2,200,000
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$ 2,700,000
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| SBA Debentures |
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| Debt Instrument [Line Items] |
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| Debt securitization amount |
$ 351,000,000
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$ 356,500,000
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$ 350,600,000
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301,400,000
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| 2026 Notes |
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| Debt Instrument [Line Items] |
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| Notes issued |
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$ 85,000,000
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$ 100,000,000
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$ 185,000,000
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| Debt instrument, interest rate |
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4.25%
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| Effective Interest Rate |
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4.15%
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4.15%
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| Interest payment terms |
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Interest on the 2026 Notes was paid semiannually on April 1 and October 1 of each year, at a rate of 4.25% per year, commencing October 1, 2021. The effective interest rate was 4.15%.
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| Debt instrument, periodic payment |
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semiannually
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| Debt instrument, maturity date |
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Apr. 01, 2026
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| 2029 Notes |
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| Debt Instrument [Line Items] |
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| Notes issued |
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$ 200,000,000
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| Debt instrument, interest rate |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.75%
|
|
|
|
|
|
|
|
|
|
| Effective Interest Rate |
|
|
|
|
|
7.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.00%
|
|
|
|
|
|
|
| 2031 Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Notes issued |
|
|
|
|
|
$ 105,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.375%
|
|
|
|
|
|
|
|
|
|
|
| Effective Interest Rate |
|
|
|
|
|
7.375%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.375%
|
|
|
|
|
|
|
| Class A 2 R Senior Secured Fixed Rate Notes Due 2038 [Member] | 2038-R Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
14,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class B R Senior Secured Floating Rate Loans [Member] | 2038-R Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
26,300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class C R Senior Secured Floating Rate Notes Due 2038 [Member] | 2038-R Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
24,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class A-1 Senior Secured Floating Rate Loans | 2031 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 78,500,000
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 1.8%
|
|
|
|
|
|
|
| Class A-1 Senior Secured Floating Rate Loans | 2036 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
|
|
60,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 3.90%
|
|
|
|
|
|
|
| Class A-1 Senior Secured Floating Rate Loans | 2038-R Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
80,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class A-2 Senior Secured Fixed Rate Notes due 2031 | 2031 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.70%
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 15,000,000
|
|
|
|
|
|
|
|
|
|
|
|
| Class B-1 Senior Secured Floating Rate Notes due 2031 | 2031 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 14,000,000
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 2.9%
|
|
|
|
|
|
|
| Class B-1 Senior Secured Floating Rate Notes due 2031 | 2036 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 5.90%
|
|
|
|
|
|
|
| Class B-2 Senior Secured Fixed Rate Notes due 2031 | 2031 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.30%
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 16,000,000
|
|
|
|
|
|
|
|
|
|
|
|
| Class B-2 Senior Secured Fixed Rate Notes due 2031 | 2036 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
|
|
63,600,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class C 1 Secured Deferrable Floating Rate Notes due 2031 | 2031 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 19,000,000
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 4.0%
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage points added to reference rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.00%
|
|
|
|
|
|
|
|
|
|
|
|
| Class C-2 Secured Deferrable Fixed Rate Notes due 2031 | 2031 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.40%
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 8,000,000
|
|
|
|
|
|
|
|
|
|
|
|
| Class D Secured Deferrable Floating Rate Loans due 2031 | 2031 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 18,000,000
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 4.8%
|
|
|
|
|
|
|
| Percentage of notes issued by securitization issuer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100.00%
|
|
|
|
|
|
|
|
|
|
|
|
| Class A 1 Senior Secured Floating Rate Notes due 2031 | 2031 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 77,500,000
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 1.8%
|
|
|
|
|
|
|
| Class D Secured Deferrable Floating Rate Notes | 2031 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of notes issued by securitization issuer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100.00%
|
|
|
|
|
|
|
|
|
|
|
|
| Class D Secured Deferrable Floating Rate Notes | 2036 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Annualized weighted average cost of debt |
|
|
|
|
|
5.30%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.10%
|
5.30%
|
7.10%
|
|
|
|
|
|
| Class A1 Senior Secured Floating Rate Notes Due2036 [Member] | 2036 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
|
|
139,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 2.30%
|
|
|
|
|
|
|
| Class A1 Senior Secured Floating Rate Notes Due2036 [Member] | 2038-R Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 1.43
|
|
|
|
|
|
|
| Class D Secured Deferrable Floating Rate Loans Due2036 [Member] | 2036 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
|
|
21,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ClassA1 R Senior Secured Floating Rate Notes Due 2038 [Member] | 2038-R Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
123,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class C1 Secured Deferrable Floating Rate Notes Due2036 [Member] | 2036 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
|
|
28,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class B1 Senior Secured Floating Rate Notes Due2036 [Member] | 2036 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
|
|
24,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 2.70%
|
|
|
|
|
|
|
| Class D R Senior SOFR Notes Due 2038 Member | 2036 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
$ 19,300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class A1 Notes [Member] | 2037 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
$ 220,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 1.49%
|
|
|
|
|
|
|
| Class A 2 Notes [Member] | 2037 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
19,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 1.60%
|
|
|
|
|
|
|
| Class C Notes | 2037 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
38,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 2.20%
|
|
|
|
|
|
|
| Class B Notes | 2037 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
28,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 1.75%
|
|
|
|
|
|
|
| Class D Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Notes Sold to Third Party |
|
|
|
|
|
|
|
|
$ 28,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class D Notes [Member] | 2037 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
28,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 3.60%
|
|
|
|
|
|
|
| Subordinated Notes [Member] | 2037 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
85,100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 1.49%
|
|
|
|
|
|
|
| Class A1 LA Floating Rate [Member] | 2037 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
10,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class A1 LB Floating Rate [Member] | 2037 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
$ 45,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SOFR [Member] | 2031 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage points added to reference rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.80%
|
|
|
|
|
|
|
| SOFR [Member] | 2036-R Asset-Backed Debt | Class A-2-R Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage points added to reference rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.90%
|
|
|
|
|
|
|
|
|
| SOFR [Member] | 2036-R Asset-Backed Debt | Class B-R Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage points added to reference rate |
2.05%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SOFR [Member] | 2036-R Asset-Backed Debt | Class C-R Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage points added to reference rate |
2.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SOFR [Member] | 2036-R Asset-Backed Debt | Class D-R Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage points added to reference rate |
4.30%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SOFR [Member] | Class A 2 R Senior Secured Fixed Rate Notes Due 2038 [Member] | 2038-R Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage points added to reference rate |
|
|
|
|
|
|
|
1.60%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SOFR [Member] | Class B R Senior Secured Floating Rate Loans [Member] | 2038-R Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage points added to reference rate |
|
|
|
|
|
|
|
1.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SOFR [Member] | Class C R Senior Secured Floating Rate Notes Due 2038 [Member] | 2038-R Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage points added to reference rate |
|
|
|
|
|
|
|
2.15%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SOFR [Member] | Class A-1 Senior Secured Floating Rate Loans | 2036 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage points added to reference rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.30%
|
|
|
|
|
|
|
| SOFR [Member] | Class A-1 Senior Secured Floating Rate Loans | 2038-R Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage points added to reference rate |
|
|
|
|
|
|
|
1.43%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SOFR [Member] | Class B-1 Senior Secured Floating Rate Notes due 2031 | 2031 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage points added to reference rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.90%
|
|
|
|
|
|
|
|
|
|
|
|
| SOFR [Member] | Class B-1 Senior Secured Floating Rate Notes due 2031 | 2036 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reference rate description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
three-month SOFR plus 2.90%
|
|
|
|
|
|
|
|
|
| SOFR [Member] | Class D Secured Deferrable Floating Rate Loans due 2031 | 2031 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage points added to reference rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.80%
|
|
|
|
|
|
|
|
|
|
|
|
| SOFR [Member] | Class A 1 Senior Secured Floating Rate Notes due 2031 | 2031 Asset-Backed Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage points added to reference rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.80%
|
|
|
|
|
|
|
|
|
|
|
|
| SOFR [Member] | Class A2 Senior Secured Fixed Rate Notes Due2036 [Member] | 2036 Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Debt instrument |
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$ 14,000,000
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| Percentage points added to reference rate |
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2.70%
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| SOFR [Member] | Class A1 Senior Secured Floating Rate Notes Due2036 [Member] | 2036 Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Percentage points added to reference rate |
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2.30%
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| SOFR [Member] | Class D Secured Deferrable Floating Rate Loans Due2036 [Member] | 2036 Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Percentage points added to reference rate |
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5.90%
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| SOFR [Member] | ClassA1 R Senior Secured Floating Rate Notes Due 2038 [Member] | 2038-R Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Percentage points added to reference rate |
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|
1.43%
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| SOFR [Member] | Class D R Senior SOFR Notes Due 2038 Member | 2036 Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Percentage points added to reference rate |
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|
3.20%
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| SOFR [Member] | Class A1 Notes [Member] | 2037 Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Percentage points added to reference rate |
|
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|
1.49%
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| SOFR [Member] | Class A 2 Notes [Member] | 2037 Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Percentage points added to reference rate |
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60.00%
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| SOFR [Member] | Class C Notes | 2036 Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Percentage points added to reference rate |
|
|
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|
2.20%
|
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|
3.90%
|
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| SOFR [Member] | Class B Notes | 2036 Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Percentage points added to reference rate |
|
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|
2.90%
|
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| SOFR [Member] | Class B Notes | 2037 Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Percentage points added to reference rate |
|
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|
1.75%
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| SOFR [Member] | Class D Notes [Member] | 2037 Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Percentage points added to reference rate |
|
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|
3.60%
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| SOFR [Member] | Subordinated Notes [Member] | 2037 Asset-Backed Debt |
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| Debt Instrument [Line Items] |
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| Percentage points added to reference rate |
|
|
|
|
|
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|
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|
1.49%
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| Senior Securities |
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| Debt Instrument [Line Items] |
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| Asset coverage ratio requirement |
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150.00%
|
200.00%
|
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160.00%
|
164.00%
|
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| Truist Credit Facility |
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| Debt Instrument [Line Items] |
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| Annualized weighted average cost of debt |
|
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|
5.60%
|
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|
6.30%
|
5.60%
|
6.30%
|
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| Credit Facility |
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|
$ 768,000,000
|
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|
$ 768,000,000
|
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| Decrease the facility |
|
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|
$ 718,000,000
|
|
|
|
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|
| Maturity date |
|
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|
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|
Aug. 31, 2030
|
|
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|
|
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|
Aug. 31, 2030
|
|
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| Revolving period end date |
|
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|
2028-08
|
|
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| Outstanding borrowings |
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
$ 683,900,000
|
|
|
|
|
|
|
|
| Unused borrowing capacity |
|
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|
|
|
$ 449,700,000
|
|
|
|
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|
|
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|
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|
|
|
$ 34,100,000
|
$ 449,700,000
|
$ 34,100,000
|
|
|
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|
| Percentage of equity interest in funding |
|
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|
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|
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|
100.00%
|
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| Credit facility interest rate description |
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|
The terms of the amendment decreased the aggregate commitment amounts of the lenders party to the Credit Facility from $736.0 million to $718.0 million, decreased pricing under the Credit Facility to SOFR plus 200 basis points from SOFR plus 225 basis points, e
|
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| Truist Credit Facility | Minimum [Member] |
|
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| Debt Instrument [Line Items] |
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| First lien advance rate |
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|
70.00%
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| Facility commitments |
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|
768,000,000
|
$ 718,000,000
|
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| Truist Credit Facility | Maximum [Member] |
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| Debt Instrument [Line Items] |
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| First lien advance rate |
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|
72.50%
|
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| Facility commitments |
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|
|
|
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|
$ 718,000,000
|
$ 736,000,000
|
|
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|
| Truist Credit Facility | SOFR [Member] |
|
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| Debt Instrument [Line Items] |
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| Basis points description |
|
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|
|
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|
|
|
|
|
|
|
|
200
|
|
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|
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|