| Schedule of Debt Obligations |
The tables below present debt obligations as of the following periods: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | | Aggregate Principal Committed | | Outstanding Principal | | Unused Portion(5) | | Amount Available(1) | | Unamortized Debt Issuance Costs | | Net Carrying Value | Revolving Credit Facility(2)(4) | | $ | 2,675,000 | | | $ | 1,015,000 | | | $ | 1,656,983 | | | $ | 1,656,983 | | | $ | (27,217) | | | $ | 987,783 | | | SPV Asset Facility I | | 700,000 | | | 700,000 | | | — | | | — | | | (7,760) | | | 692,240 | | | SPV Asset Facility II | | 400,000 | | | 325,000 | | | 75,000 | | | 58,338 | | | (3,358) | | | 321,642 | | | SPV Asset Facility III | | 1,100,000 | | | 700,000 | | | 400,000 | | | 18,884 | | | (7,064) | | | 692,936 | | | SPV Asset Facility IV | | 500,000 | | | 370,000 | | | 130,000 | | | 130,000 | | | (4,161) | | | 365,839 | | | SPV Asset Facility V | | 250,000 | | | 75,000 | | | 175,000 | | | 93,727 | | | (879) | | | 74,121 | | | SPV Asset Facility VI | | 250,000 | | | 50,000 | | | 200,000 | | | 25,024 | | | (2,768) | | | 47,232 | | | Athena CLO II | | 375,000 | | | 375,000 | | | — | | | — | | | (3,589) | | | 371,411 | | | Athena CLO IV | | 240,000 | | | 240,000 | | | — | | | — | | | (2,196) | | | 237,804 | | | Athena CLO V | | 300,000 | | | 300,000 | | | — | | | — | | | (1,907) | | | 298,093 | | | January 2027 Notes | | 300,000 | | | 300,000 | | | — | | | — | | | (453) | | | 299,547 | | March 2028 Notes(3) | | 650,000 | | | 650,000 | | | — | | | — | | | (5,228) | | | 641,091 | | | September 2028 Notes | | 75,000 | | | 75,000 | | | — | | | — | | | (360) | | | 74,640 | | April 2029 Notes(3) | | 700,000 | | | 700,000 | | | — | | | — | | | (9,028) | | | 679,457 | | October 2029 Notes(3) | | 900,000 | | | 900,000 | | | — | | | — | | | (8,034) | | | 872,739 | | January 2031 Notes(3) | | 400,000 | | | 400,000 | | | — | | | — | | | (8,348) | | | 372,726 | | September 2032 Notes(3) | | 150,000 | | | 150,000 | | | — | | | — | | | (854) | | | 144,932 | | | Total Debt | | $ | 9,965,000 | | | $ | 7,325,000 | | | $ | 2,636,983 | | | $ | 1,982,956 | | | $ | (93,204) | | | $ | 7,174,233 | |
______________(1)The amount available reflects any limitations related to each credit facility’s borrowing base. (2)The amount available and unused portion are reduced by $3.0 million of outstanding letters of credit. (3)Net carrying value is inclusive of change in fair market value of effective hedge. (4)As of September 30, 2026, the Company's Revolving Credit Facility borrowing base value was $5.39 billion excluding cash. (5)The unused portion is the amount upon which commitment fees, if any, are based. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Aggregate Principal Committed | | Outstanding Principal | | Unused Portion(5) | | Amount Available(1) | | Unamortized Debt Issuance Costs | | Net Carrying Value | Revolving Credit Facility(2)(4) | $ | 2,675,000 | | | $ | 1,480,000 | | | $ | 1,191,983 | | | $ | 1,191,983 | | | $ | (23,718) | | | $ | 1,456,282 | | | SPV Asset Facility I | 700,000 | | | 700,000 | | | — | | | — | | | (8,398) | | | 691,602 | | | SPV Asset Facility II | 400,000 | | | 325,000 | | | 75,000 | | | 75,000 | | | (4,536) | | | 320,464 | | | SPV Asset Facility III | 1,100,000 | | | 624,500 | | | 475,500 | | | 64,924 | | | (11,413) | | | 613,087 | | | SPV Asset Facility IV | 500,000 | | | 200,000 | | | 300,000 | | | 116,062 | | | (5,654) | | | 194,346 | | | Athena CLO II | 375,000 | | | 375,000 | | | — | | | — | | | (3,932) | | | 371,068 | | | Athena CLO IV | 240,000 | | | 240,000 | | | — | | | — | | | (2,346) | | | 237,654 | | | Athena CLO V | 300,000 | | | 300,000 | | | — | | | — | | | (1,928) | | | 298,072 | | | June 2026 Notes | 375,000 | | | 375,000 | | | — | | | — | | | (713) | | | 374,287 | | | January 2027 Notes | 300,000 | | | 300,000 | | | — | | | — | | | (1,621) | | | 298,379 | | March 2028 Notes(3) | 650,000 | | | 650,000 | | | — | | | — | | | (7,811) | | | 654,890 | | | September 2028 Notes | 75,000 | | | 75,000 | | | — | | | — | | | (495) | | | 74,505 | | April 2029 Notes(3) | 700,000 | | | 700,000 | | | — | | | — | | | (11,558) | | | 703,564 | | | Total Debt | $ | 8,390,000 | | | $ | 6,344,500 | | | $ | 2,042,483 | | | $ | 1,447,969 | | | $ | (84,123) | | | $ | 6,288,200 | |
______________(1)The amount available reflects any limitations related to each credit facility’s borrowing base. (2)The amount available and unused portion are reduced by $3.0 million of outstanding letters of credit. (3)Net carrying value is inclusive of change in fair market value of effective hedge. (4)As of December 31, 2025, the Company's Revolving Credit Facility borrowing base value was $5.57 billion excluding cash. (5)The unused portion is the amount upon which commitment fees, if any, are based.
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| Schedule of Components of Interest Expense |
The table below presents the components of interest expense for the following periods: | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended September 30, | | For the Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | Interest expense | $ | 109,864 | | | $ | 79,922 | | | $ | 306,908 | | | $ | 207,056 | | | | | Amortization of debt issuance costs, net | 8,488 | | | 5,406 | | | 24,259 | | | 16,464 | | | | Net change in unrealized (gain) loss on effective interest rate swaps and hedged items included in interest expense(1) | (1,057) | | | 99 | | | (1,256) | | | 920 | | | | | Total Interest Expense | $ | 117,295 | | | $ | 85,427 | | | $ | 329,911 | | | $ | 224,440 | | | | | Average interest rate | 5.9 | % | | 6.4 | % | | 5.8 | % | | 6.1 | % | | | | Average daily borrowings | $ | 7,389,538 | | | $ | 4,998,522 | | | $ | 7,081,766 | | | $ | 4,520,054 | | | |
______________(1)Refer to the March 2028 Notes, April 2029 Notes, October 2029 Notes, January 2031 Notes and September 2032 Notes below and to “Note 7 — Derivative Instruments” for details on the associated interest rate swaps. In connection with the unsecured notes, the Company has received (made) the following net periodic payments on the interest rate swaps for the following periods: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended September 30, | | For the Nine Months Ended September 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | March 2028 Notes | | $ | (10,830) | | | $ | (10,033) | | | $ | (28,712) | | | $ | (26,070) | | | April 2029 Notes | | — | | — | | (22,792) | | | (1,627) | | | January 2031 Notes | | 207 | | — | | 207 | | — | | | | | | | | | | | | | | | | | | |
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| Schedule of Maturities of Long-Term Debt |
The table below presents a summary of the Company’s contractual payment obligations under credit facilities and notes as of September 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Payments Due by Period | | | Total | | Less than 1 year | | 1-3 years | | 3-5 years | | After 5 years | | Revolving Credit Facility | | $ | 1,015,000 | | | $ | — | | | $ | — | | | $ | 1,015,000 | | | $ | — | | | SPV Asset Facility I | | 700,000 | | | — | | | — | | | — | | | 700,000 | | | SPV Asset Facility II | | 325,000 | | | — | | | — | | | 325,000 | | | — | | | SPV Asset Facility III | | 700,000 | | | — | | | — | | | — | | | 700,000 | | | SPV Asset Facility IV | | 370,000 | | | — | | | — | | | 370,000 | | | — | | | SPV Asset Facility V | | 75,000 | | | — | | | — | | | 75,000 | | | — | | | SPV Asset Facility VI | | 50,000 | | | — | | | — | | | — | | | 50,000 | | | Athena CLO II | | 375,000 | | | — | | | — | | | — | | | 375,000 | | | Athena CLO IV | | 240,000 | | | — | | | — | | | — | | | 240,000 | | | Athena CLO V | | 300,000 | | | — | | | — | | | — | | | 300,000 | | | January 2027 Notes | | 300,000 | | | 300,000 | | | — | | | — | | | — | | | March 2028 Notes | | 650,000 | | | — | | | 650,000 | | | — | | | — | | | September 2028 Notes | | 75,000 | | | — | | | 75,000 | | | — | | | — | | | April 2029 Notes | | 700,000 | | | — | | | 700,000 | | | — | | | — | | | October 2029 Notes | | 900,000 | | | — | | | — | | | 900,000 | | | — | | | January 2031 Notes | | 400,000 | | | — | | | — | | | 400,000 | | | — | | | September 2032 Notes | | 150,000 | | | — | | | — | | | — | | | 150,000 | | | Total Contractual Obligations | | $ | 7,325,000 | | | $ | 300,000 | | | $ | 1,425,000 | | | $ | 3,085,000 | | | $ | 2,515,000 | |
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