XML 62 R52.htm IDEA: XBRL DOCUMENT v3.23.2
Indebtedness - Schedule of Debt (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Debt Instrument [Line Items]    
Total debt, net $ 9,603,837 $ 8,399,149
Unused borrowing capacity 46,500  
Recourse debt    
Debt Instrument [Line Items]    
Total debt, gross 951,898 905,158
Unamortized debt discount (5,991) (7,118)
Total debt, net 945,907 898,040
Unused borrowing capacity 0  
Recourse debt | Bank Line Of Credit    
Debt Instrument [Line Items]    
Total debt, gross 551,898 $ 505,158
Unused borrowing capacity $ 0  
Weighted average interest rate 8.70% 6.01%
Recourse debt | Bank Line Of Credit | Secured Overnight Financing Rate (SOFR)    
Debt Instrument [Line Items]    
Interest rate during period 3.25%  
Recourse debt | 0% Convertible Senior Notes    
Debt Instrument [Line Items]    
Total debt, gross $ 400,000 $ 400,000
Unused borrowing capacity $ 0  
Weighted average interest rate 0.00% 0.00%
Interest rate during period 0.00%  
Non Recourse Debt    
Debt Instrument [Line Items]    
Total debt, gross $ 8,716,390 $ 7,548,047
Total debt, net 8,657,930 7,501,109
Unused borrowing capacity 46,500  
Non Recourse Debt | Senior revolving and delayed draw loans    
Debt Instrument [Line Items]    
Total debt, gross 1,820,200 $ 1,560,002
Unused borrowing capacity $ 46,500  
Weighted average interest rate 7.39% 6.49%
Non Recourse Debt | Senior revolving and delayed draw loans | Secured Overnight Financing Rate (SOFR) | Minimum    
Debt Instrument [Line Items]    
Interest rate during period 2.00%  
Non Recourse Debt | Senior revolving and delayed draw loans | Secured Overnight Financing Rate (SOFR) | Maximum    
Debt Instrument [Line Items]    
Interest rate during period 3.10%  
Non Recourse Debt | Senior non-revolving loans    
Debt Instrument [Line Items]    
Total debt, gross $ 2,150,880 $ 1,680,444
Total debt, net 165,700  
Unused borrowing capacity $ 0  
Weighted average interest rate 6.85% 6.00%
Non Recourse Debt | Senior non-revolving loans | Minimum    
Debt Instrument [Line Items]    
Interest rate during period 4.66%  
Non Recourse Debt | Senior non-revolving loans | Maximum    
Debt Instrument [Line Items]    
Interest rate during period 4.70%  
Non Recourse Debt | Senior non-revolving loans | Secured Overnight Financing Rate (SOFR) | Minimum    
Debt Instrument [Line Items]    
Interest rate during period 1.75%  
Non Recourse Debt | Senior non-revolving loans | Secured Overnight Financing Rate (SOFR) | Maximum    
Debt Instrument [Line Items]    
Interest rate during period 2.50%  
Non Recourse Debt | Subordinated revolving and delayed draw loans    
Debt Instrument [Line Items]    
Total debt, gross $ 196,000 $ 333,800
Total debt, net 150,000  
Unused borrowing capacity $ 0  
Weighted average interest rate 11.43% 9.58%
Non Recourse Debt | Subordinated revolving and delayed draw loans | Secured Overnight Financing Rate (SOFR) | Minimum    
Debt Instrument [Line Items]    
Interest rate during period 3.50%  
Non Recourse Debt | Subordinated revolving and delayed draw loans | Secured Overnight Financing Rate (SOFR) | Maximum    
Debt Instrument [Line Items]    
Interest rate during period 9.10%  
Non Recourse Debt | Subordinated Loans    
Debt Instrument [Line Items]    
Total debt, gross $ 1,748,478 $ 1,442,336
Total debt, net 134,100  
Unused borrowing capacity $ 0  
Weighted average interest rate 8.94% 8.76%
Non Recourse Debt | Subordinated Loans | Minimum    
Debt Instrument [Line Items]    
Interest rate during period 7.00%  
Non Recourse Debt | Subordinated Loans | Maximum    
Debt Instrument [Line Items]    
Interest rate during period 10.50%  
Non Recourse Debt | Subordinated Loans | Secured Overnight Financing Rate (SOFR) | Minimum    
Debt Instrument [Line Items]    
Interest rate during period 6.00%  
Non Recourse Debt | Subordinated Loans | Secured Overnight Financing Rate (SOFR) | Maximum    
Debt Instrument [Line Items]    
Interest rate during period 6.75%  
Non Recourse Debt | Subordinated Loans | Floating Rate    
Debt Instrument [Line Items]    
Total debt, net $ 306,100  
Non Recourse Debt | Securitized loans    
Debt Instrument [Line Items]    
Total debt, gross 2,800,832 $ 2,531,465
Unused borrowing capacity $ 0  
Weighted average interest rate 4.10% 3.87%
Non Recourse Debt | Securitized loans | Minimum    
Debt Instrument [Line Items]    
Interest rate during period 2.27%  
Non Recourse Debt | Securitized loans | Maximum    
Debt Instrument [Line Items]    
Interest rate during period 5.75%  
Unamortized debt discount, net    
Debt Instrument [Line Items]    
Unamortized debt discount, net $ (58,460) $ (46,938)