| Schedule of Debt Obligations |
The table below presents outstanding debt obligations as of June 30, 2026:
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($ in thousands) |
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Aggregate
Principal
Committed |
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Outstanding
Principal |
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Amount
Available1 |
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Unamortized
Debt
Issuance
Costs |
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Net
Carrying
Value |
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Scotiabank Revolving Credit Facility |
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$ |
400,000 |
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$ |
260,730 |
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$ |
139,270 |
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$ |
(4,414 |
) |
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$ |
256,316 |
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BAML ABL Credit Facility |
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|
300,000 |
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184,100 |
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115,900 |
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(1,240 |
) |
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182,860 |
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Scotiabank ABL Facility |
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|
950,000 |
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|
443,662 |
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|
506,338 |
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(6,861 |
) |
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436,801 |
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Total Debt |
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$ |
1,650,000 |
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$ |
888,492 |
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$ |
761,508 |
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$ |
(12,515 |
) |
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$ |
875,977 |
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1The amount available may be subject to limitations related to each credit facility's borrowing base. The table below presents outstanding debt obligations as of December 31, 2025:
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($ in thousands) |
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Aggregate
Principal
Committed |
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|
Outstanding
Principal |
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Amount
Available1 |
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Unamortized
Debt
Issuance
Costs |
|
|
Net
Carrying
Value |
|
Scotiabank Revolving Credit Facility |
|
$ |
400,000 |
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$ |
211,500 |
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$ |
188,500 |
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$ |
(4,399 |
) |
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$ |
207,101 |
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BAML ABL Credit Facility |
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150,000 |
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|
146,700 |
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3,300 |
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(738 |
) |
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145,962 |
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Scotiabank ABL Facility |
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600,000 |
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299,286 |
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300,714 |
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(4,752 |
) |
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294,534 |
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Total Debt |
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$ |
1,150,000 |
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$ |
657,486 |
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$ |
492,514 |
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$ |
(9,889 |
) |
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$ |
647,597 |
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1The amount available may be subject to limitations related to each credit facility's borrowing base.
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| Schedule of Components of Interest Expense |
The table below presents the components of interest expense for all debt obligations for the period presented:
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For the three months ended |
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For the six months ended |
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($ in thousands) |
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June 30, 2026 |
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June 30, 2025 |
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June 30, 2026 |
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|
June 30, 2025 |
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Interest expense |
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$ |
11,786 |
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$ |
1,835 |
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$ |
20,806 |
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$ |
1,927 |
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Amortization of debt issuance costs |
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|
554 |
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431 |
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994 |
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513 |
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Total Interest Expense |
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$ |
12,340 |
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$ |
2,266 |
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$ |
21,800 |
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$ |
2,440 |
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Weighted average interest rate1 |
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5.7 |
% |
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6.6 |
% |
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5.7 |
% |
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|
6.7 |
% |
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Weighted average daily outstanding borrowings |
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$ |
780,266 |
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$ |
92,854 |
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$ |
685,501 |
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$ |
73,254 |
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1Averages are calculated based on annualized amounts. |
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