Pledged Assets

Carrying Value December 31,

Lenders ⁽¹⁾

Asset Class

Current Maturity ⁽²⁾

Pricing ⁽³⁾

Facility Size

Carrying Value

2023

2022

3

SBA loans

October 2024 - March 2025

SOFR + 2.82%
Prime - 0.82%

$

250,000

$

160,360

$

117,115

$

160,903

1

LMM loans - USD

February 2025

SOFR + 1.35%

80,000

20,956

20,729

111,966

1

LMM loans - Non-USD ⁽⁴⁾

June 2026

SONIA + 3.75%

127,318

31,196

12,079

61,596

Total borrowings under credit facilities and other financing agreements

$

457,318

$

212,512

$

149,923

$

334,465

9

LMM loans

March 2024 - November 2026

1 MT + 2.00%
SOFR + 3.00%

4,295,500

2,670,899

1,677,885

1,905,358

1

LMM loans - Non-USD ⁽⁴⁾

January 2025

EURIBOR + 3.00%

220,784

59,630

45,031

—

5

MBS

January 2024 - February 2024

7.15%

229,236

377,542

229,236

423,912

Total borrowings under repurchase agreements

$

4,745,520

$

3,108,071

$

1,952,152

$

2,329,270

Total secured borrowings

$

5,202,838

$

3,320,583

$

2,102,075

$

2,663,735

(1) Represents the total number of facility lenders.

(2) Current maturity does not reflect extension options available beyond original commitment terms.

(3) Asset class pricing is determined using an index rate plus a weighted average spread.

(4) Non-USD denominated credit facilities and repurchase agreements have been converted into USD for purposes of this disclosure.