DEBT - Schedule of Long-Term Debt (Details) - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
|
|
|
|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
Sep. 25, 2025 |
Oct. 01, 2024 |
Aug. 10, 2023 |
Mar. 16, 2023 |
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Amortization of deferred financing costs |
|
|
|
$ 4,031
|
$ 3,888
|
|
|
|
|
| Net change in unrealized (appreciation) depreciation on effective interest rate swaps and hedged items |
|
|
|
$ 215
|
$ 1,212
|
|
|
|
|
| Weighted average interest rate |
[1] |
6.33%
|
7.17%
|
6.35%
|
7.21%
|
|
|
|
|
| Weighted average effective interest rate |
[2] |
6.82%
|
7.58%
|
6.83%
|
7.63%
|
|
|
|
|
| Weighted average debt outstanding |
|
$ 3,163,437
|
$ 3,009,543
|
$ 3,206,159
|
$ 2,977,479
|
|
|
|
|
| ING Facility | Line of Credit |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Borrowing interest expense |
|
228
|
3,906
|
2,012
|
7,435
|
|
|
|
|
| Facility unused commitment fees |
|
1,260
|
1,046
|
2,404
|
2,100
|
|
|
|
|
| Amortization of deferred financing costs |
|
568
|
524
|
1,093
|
1,040
|
|
|
|
|
| Total |
|
$ 2,056
|
$ 5,476
|
$ 5,509
|
$ 10,575
|
|
|
|
|
| Weighted average interest rate |
|
4.71%
|
6.21%
|
5.43%
|
6.23%
|
|
|
|
|
| Weighted average effective interest rate |
|
16.56%
|
7.05%
|
8.37%
|
7.10%
|
|
|
|
|
| Weighted average outstanding balance |
|
$ 19,015
|
$ 248,659
|
$ 73,759
|
$ 237,539
|
|
|
|
|
| Wells Funding Facility | Line of Credit |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Borrowing interest expense |
|
6,996
|
6,332
|
14,532
|
12,612
|
|
|
|
|
| Facility unused commitment fees |
|
828
|
1,379
|
1,455
|
2,743
|
|
|
|
|
| Amortization of deferred financing costs |
|
584
|
534
|
1,154
|
1,049
|
|
|
|
|
| Total |
|
$ 8,408
|
$ 8,245
|
$ 17,141
|
$ 16,404
|
|
|
|
|
| Weighted average interest rate |
|
5.52%
|
6.57%
|
5.54%
|
6.58%
|
|
|
|
|
| Weighted average effective interest rate |
|
5.98%
|
7.12%
|
5.98%
|
7.13%
|
|
|
|
|
| Weighted average outstanding balance |
|
$ 501,723
|
$ 381,250
|
$ 521,637
|
$ 381,250
|
|
|
|
|
| CBNA Funding Facility | Line of Credit |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Borrowing interest expense |
|
3,347
|
2,493
|
6,682
|
4,865
|
|
|
|
|
| Facility unused commitment fees |
|
190
|
284
|
377
|
572
|
|
|
|
|
| Amortization of deferred financing costs |
|
271
|
276
|
538
|
546
|
|
|
|
|
| Total |
|
$ 3,808
|
$ 3,053
|
$ 7,597
|
$ 5,983
|
|
|
|
|
| Stated interest rate |
|
5.90%
|
6.57%
|
5.91%
|
6.57%
|
|
|
|
|
| Weighted average effective interest rate |
|
6.37%
|
7.30%
|
6.39%
|
7.31%
|
|
|
|
|
| Weighted average outstanding balance |
|
$ 225,000
|
$ 150,000
|
$ 225,000
|
$ 147,203
|
|
|
|
|
| JPM Funding Facility | Line of Credit |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Borrowing interest expense |
|
12,631
|
12,304
|
23,377
|
23,911
|
|
|
|
|
| Facility unused commitment fees |
|
585
|
874
|
1,387
|
1,796
|
|
|
|
|
| Amortization of deferred financing costs |
|
627
|
630
|
1,247
|
1,253
|
|
|
|
|
| Total |
|
$ 13,843
|
$ 13,808
|
$ 26,011
|
$ 26,960
|
|
|
|
|
| Stated interest rate |
|
5.57%
|
6.54%
|
5.57%
|
6.55%
|
|
|
|
|
| Weighted average effective interest rate |
|
5.85%
|
6.87%
|
5.87%
|
6.89%
|
|
|
|
|
| Weighted average outstanding balance |
|
$ 896,666
|
$ 744,633
|
$ 834,913
|
$ 726,487
|
|
|
|
|
| Series A 2026 Notes | Senior Notes |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Borrowing interest expense |
|
0
|
4,388
|
0
|
8,856
|
|
|
|
|
| Amortization of debt issuance costs |
|
0
|
184
|
0
|
366
|
|
|
|
|
| Net change in unrealized (appreciation) depreciation on effective interest rate swaps and hedged items |
|
0
|
0
|
0
|
(30)
|
|
|
|
|
| Total |
|
$ 0
|
$ 4,572
|
$ 0
|
$ 9,192
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
|
|
|
8.10%
|
| Stated interest rate |
|
0.00%
|
8.10%
|
0.00%
|
8.10%
|
|
|
|
|
| Weighted average effective interest rate |
|
0.00%
|
8.96%
|
0.00%
|
9.04%
|
|
|
|
|
| Series A 2028 Notes | Senior Notes |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Borrowing interest expense |
|
$ 3,157
|
$ 3,141
|
$ 6,274
|
$ 6,346
|
|
|
|
|
| Amortization of debt issuance costs |
|
79
|
79
|
308
|
157
|
|
|
|
|
| Net change in unrealized (appreciation) depreciation on effective interest rate swaps and hedged items |
|
18
|
15
|
(43)
|
10
|
|
|
|
|
| Total |
|
$ 3,254
|
$ 3,235
|
$ 6,539
|
$ 6,513
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
|
|
|
8.13%
|
| Stated interest rate |
|
8.13%
|
8.13%
|
8.13%
|
8.13%
|
|
|
|
|
| Weighted average effective interest rate |
|
8.91%
|
8.82%
|
8.96%
|
8.91%
|
|
|
|
|
| Series B 2026 Notes | Senior Notes |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Borrowing interest expense |
|
$ 1,051
|
$ 2,491
|
$ 3,416
|
$ 5,016
|
|
|
|
|
| Amortization of debt issuance costs |
|
152
|
103
|
255
|
203
|
|
|
|
|
| Net change in unrealized (appreciation) depreciation on effective interest rate swaps and hedged items |
|
131
|
1
|
366
|
(13)
|
|
|
|
|
| Total |
|
$ 1,334
|
$ 2,595
|
$ 4,037
|
$ 5,206
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
|
|
8.84%
|
|
| Stated interest rate |
|
8.84%
|
8.84%
|
8.84%
|
8.84%
|
|
|
|
|
| Weighted average effective interest rate |
|
11.22%
|
9.69%
|
10.45%
|
9.75%
|
|
|
|
|
| Series B 2028 Notes | Senior Notes |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Borrowing interest expense |
|
$ 2,987
|
$ 2,993
|
$ 5,938
|
$ 6,044
|
|
|
|
|
| Amortization of debt issuance costs |
|
74
|
73
|
147
|
145
|
|
|
|
|
| Net change in unrealized (appreciation) depreciation on effective interest rate swaps and hedged items |
|
8
|
17
|
(48)
|
14
|
|
|
|
|
| Total |
|
$ 3,069
|
$ 3,083
|
$ 6,037
|
$ 6,203
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
|
|
8.88%
|
|
| Stated interest rate |
|
8.88%
|
8.88%
|
8.88%
|
8.88%
|
|
|
|
|
| Weighted average effective interest rate |
|
9.59%
|
9.58%
|
9.43%
|
9.67%
|
|
|
|
|
| Series C 2027 Notes | Senior Notes |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Borrowing interest expense |
|
$ 2,817
|
$ 3,034
|
$ 5,612
|
$ 6,050
|
|
|
|
|
| Amortization of debt issuance costs |
|
114
|
114
|
228
|
226
|
|
|
|
|
| Net change in unrealized (appreciation) depreciation on effective interest rate swaps and hedged items |
|
78
|
(15)
|
213
|
(51)
|
|
|
|
|
| Total |
|
$ 3,009
|
$ 3,133
|
$ 6,053
|
$ 6,225
|
|
|
|
|
| Stated interest rate |
|
8.92%
|
8.92%
|
8.92%
|
8.92%
|
|
|
|
|
| Weighted average effective interest rate |
|
8.82%
|
9.22%
|
8.87%
|
9.20%
|
|
|
|
|
| Series C 2029 Notes | Senior Notes |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Borrowing interest expense |
|
$ 3,490
|
$ 3,750
|
$ 6,952
|
$ 7,477
|
|
|
|
|
| Amortization of debt issuance costs |
|
86
|
84
|
170
|
167
|
|
|
|
|
| Net change in unrealized (appreciation) depreciation on effective interest rate swaps and hedged items |
|
164
|
(106)
|
201
|
(311)
|
|
|
|
|
| Total |
|
$ 3,740
|
$ 3,728
|
$ 7,323
|
$ 7,333
|
|
|
|
|
| Stated interest rate |
|
9.07%
|
9.07%
|
9.07%
|
9.07%
|
|
|
|
|
| Weighted average effective interest rate |
|
9.15%
|
9.38%
|
8.96%
|
9.35%
|
|
|
|
|
| Series D 2027 | Senior Notes |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Borrowing interest expense |
|
$ 1,803
|
$ 1,788
|
$ 3,563
|
$ 3,543
|
|
|
|
|
| Amortization of debt issuance costs |
|
98
|
95
|
194
|
189
|
|
|
|
|
| Net change in unrealized (appreciation) depreciation on effective interest rate swaps and hedged items |
|
5
|
4
|
8
|
10
|
|
|
|
|
| Total |
|
$ 1,906
|
$ 1,887
|
$ 3,765
|
$ 3,742
|
|
|
|
|
| Stated interest rate |
|
6.84%
|
6.84%
|
6.84%
|
6.84%
|
|
|
|
|
| Weighted average effective interest rate |
|
7.62%
|
7.54%
|
7.53%
|
7.47%
|
|
|
|
|
| Series D 2029 | Senior Notes |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Borrowing interest expense |
|
$ 3,617
|
$ 3,637
|
$ 7,150
|
$ 7,197
|
|
|
|
|
| Amortization of debt issuance costs |
|
114
|
114
|
228
|
227
|
|
|
|
|
| Net change in unrealized (appreciation) depreciation on effective interest rate swaps and hedged items |
|
(26)
|
36
|
(89)
|
76
|
|
|
|
|
| Total |
|
$ 3,705
|
$ 3,787
|
$ 7,289
|
$ 7,500
|
|
|
|
|
| Stated interest rate |
|
6.91%
|
6.91%
|
6.91%
|
6.91%
|
|
|
|
|
| Weighted average effective interest rate |
|
7.41%
|
7.50%
|
7.29%
|
7.42%
|
|
|
|
|
| 2030 Notes | Senior Notes |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Borrowing interest expense |
|
$ 4,264
|
$ 4,313
|
$ 8,577
|
$ 8,626
|
|
|
|
|
| Amortization of debt issuance costs |
|
188
|
186
|
374
|
367
|
|
|
|
|
| Accretion of original issuance discount |
|
127
|
127
|
253
|
253
|
|
|
|
|
| Net change in unrealized (appreciation) depreciation on effective interest rate swaps and hedged items |
|
(65)
|
0
|
(65)
|
0
|
|
|
|
|
| Total |
|
$ 4,514
|
$ 4,626
|
$ 9,139
|
$ 9,246
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
|
5.75%
|
|
|
| Stated interest rate |
|
5.75%
|
5.75%
|
5.75%
|
5.75%
|
|
|
|
|
| Weighted average effective interest rate |
|
6.02%
|
6.17%
|
6.09%
|
6.16%
|
|
|
|
|
| 2028 Notes | Senior Notes |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Borrowing interest expense |
|
$ 4,187
|
$ 0
|
$ 8,305
|
$ 0
|
|
|
|
|
| Amortization of debt issuance costs |
|
330
|
0
|
655
|
0
|
|
|
|
|
| Accretion of original issuance discount |
|
176
|
0
|
351
|
0
|
|
|
|
|
| Net change in unrealized (appreciation) depreciation on effective interest rate swaps and hedged items |
|
33
|
0
|
39
|
0
|
|
|
|
|
| Total |
|
$ 4,726
|
$ 0
|
$ 9,350
|
$ 0
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
5.125%
|
|
|
|
| Stated interest rate |
|
5.13%
|
0.00%
|
5.12%
|
0.00%
|
|
|
|
|
| Weighted average effective interest rate |
|
6.30%
|
0.00%
|
6.23%
|
0.00%
|
|
|
|
|
|
|