v3.26.1
Debt Obligations (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Summary of Outstanding Debt

The following table summarizes the Company’s outstanding debt as of June 30, 2026:

 

Maturities of Debt

2026 Revolver

 

2026 Term Loan

 

Unamortized
Debt Issuance Costs

 

Total

 

2026 (Remaining)

$

 

$

 

$

 

$

 

2027

 

 

 

 

 

 

 

 

2028

 

 

 

 

 

 

 

 

2029

 

134,809,000

 

 

100,000,000

 

 

(2,823,764

)

 

231,985,236

 

2030

 

 

 

 

 

 

 

 

Total Debt Obligations

$

134,809,000

 

$

100,000,000

 

$

(2,823,764

)

$

231,985,236

 

 

Summary of Interest Expense and Average Interest Rate of Outstanding Debt

The following tables summarize the interest expense and average interest rate of the Company’s outstanding debt:

 

 

Three months ended June 30,

 

 

2026

 

2025

 

 

Interest Expense

 

Average Rate

 

Interest Expense

 

Average Rate

 

Borrowings

 

 

 

 

 

 

 

 

2026 Revolver

 

1,230,180

 

 

5.39

%

$

 

 

 

2026 Term Loan

 

912,536

 

 

5.39

%

 

 

 

 

2014 Line of Credit

 

159,471

 

 

5.69

%

 

574,480

 

 

6.53

%

2021 Line of Credit

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

Deferred costs

 

169,153

 

 

 

 

 

 

 

Commitment fee

 

39,677

 

 

 

 

 

 

 

Total Interest

$

2,511,017

 

 

 

$

574,480

 

 

 

 

 

Six months ended June 30,

 

 

2026

 

2025

 

 

Interest Expense

 

Average Rate

 

Interest Expense

 

Average Rate

 

Borrowings

 

 

 

 

 

 

 

 

2026 Revolver

$

1,230,180

 

 

5.39

%

$

 

 

 

2026 Term Loan

 

912,536

 

 

5.39

%

 

 

 

 

2014 Line of Credit

 

673,767

 

 

5.86

%

 

1,142,536

 

 

6.53

%

2021 Line of Credit

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

Deferred costs

 

169,153

 

 

 

 

 

 

 

Commitment fee

 

39,677

 

 

 

 

 

 

 

Total Interest

$

3,025,313

 

 

 

$

1,142,536