v3.26.3
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of carrying value and estimated fair value of financial instruments

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September 30, 2026

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December 31, 2025

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Carrying Value

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Estimated Fair Value

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Carrying Value

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Estimated Fair Value

Cash and Cash Equivalents - Level 1

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$

11,722

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$

11,722

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$

4,589

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$

4,589

Restricted Cash - Level 1

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$

19,139

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$

19,139

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$

34,410

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$

34,410

Commercial Loans and Investments - Level 2

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$

231,421

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$

241,007

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$

167,553

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$

179,214

Obligation Under Participation Agreement - Level 2

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$

18,519

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$

18,873

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$

10,000

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$

10,222

Long-Term Debt - Level 2

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$

396,676

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$

390,613

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$

377,739

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$

376,286

 

Schedule of fair value of assets (liabilities) measured on recurring basis by Level

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Fair Value at Reporting Date Using

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Fair Value

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Quoted Prices in Active Markets for Identical Assets (Level 1)

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Significant Other Observable Inputs (Level 2)

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Significant Unobservable Inputs (Level 3)

September 30, 2026

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2029 Term Loan Interest Rate Swap (1)

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$

2,830

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$

—

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$

2,830

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$

—

2031 Term Loan Interest Rate Swap (2)

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$

4,932

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$

—

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$

4,932

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$

—

Revolving Facility Interest Rate Swap (3)

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$

973

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$

—

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$

973

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$

—

December 31, 2025

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2026 Term Loan Interest Rate Swap

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$

624

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$

—

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$

624

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$

—

2027 Term Loan Interest Rate Swap

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$

1,486

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$

—

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$

1,486

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$

—

Revolving Facility Interest Rate Swap

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$

34

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$

—

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$

34

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$

—

(1)As of September 30, 2026, the Company has utilized interest rate swaps to fix SOFR and achieve a weighted average fixed interest rate of 3.36% plus the applicable spread on the $100.0 million 2029 Term Loan (hereinafter defined) balance.
(2)As of September 30, 2026, the Company has utilized interest rate swaps to fix SOFR and achieve a weighted average fixed interest rate of 2.05% plus the applicable spread on the $100.0 million 2031 Term Loan (hereinafter defined) balance.
(3)As of September 30, 2026, the Company has utilized interest rate swaps to fix SOFR and achieve a weighted average fixed interest rate of 3.32% plus the applicable spread on $100.0 million of the outstanding balance on the Revolving Facility (hereinafter defined).