Subsequent Events |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events On October 1, 2026, the October 2028 Notes, October 2031A Notes and October 2031B Notes were funded in full in the aggregate amount of $150,000. In conjunction with the funding of the October 2028 Notes and October 2031A Notes, the Company entered into an interest rate swap on October 1, 2026 with Morgan Stanley Bank N.A., in which (i) for the October 2028 Notes, the Company receives fixed interest of 7.28% and pays a floating interest rate of one-month SOFR plus 2.50% on the notional amount of $40,000 and (ii) for the October 2031A Notes, the Company receives fixed interest of 7.76% and pays a floating interest rate of one-month SOFR plus 2.89% on the notional amount of $35,000. On October 2, 2026, the Company reduced the commitment amount under the Holdings Credit Facility from $450,000 to $350,000, in advance of the scheduled October 26, 2026 reduction date, and repaid the outstanding borrowings in excess of $350,000. On October 20, 2026, the Company's board of directors extended the Repurchase Program, which is expected to remain in place until the earlier of December 31, 2027 or until $150,000 worth of the Company's common stock has been repurchased. On October 20, 2026, the Company’s board of directors declared a fourth quarter 2026 distribution of $0.25 per share, payable on December 31, 2026 to holders of record as of December 17, 2026. On October 20, 2026, the SBA confirmed that SBIC I had repaid all outstanding debentures and approved SBIC I's request to surrender its license to operate as an SBIC.
|