Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt Instrument [Line Items]

Schedule of Outstanding Debt

The Company’s outstanding debt was as follows:

	As of
	March 31, 2024						December 31, 2023
	Aggregate Borrowing Amount Committed		Amount Available		Carrying Value(1)		Aggregate Borrowing Amount Committed		Amount Available		Carrying Value(1)
Revolving Credit Facility(2)	$	1,695,000	$	1,111,058	$	583,822	$	1,695,000	$	724,081	$	972,241
2025 Notes		360,000		—		358,803		360,000		—		358,459
2026 Notes		500,000		—		496,570		500,000		—		496,094
2027 Notes		400,000		—		391,615		—		—		—
Total Debt	$	2,955,000	$	1,111,058	$	1,830,810	$	2,555,000	$	724,081	$	1,826,794

(1)The carrying value is presented net of unamortized debt issuance costs as applicable.

(2)Provides, under certain circumstances, a total borrowing capacity of $2,542,500. The Company may borrow amounts in USD or certain other permitted currencies. Debt outstanding denominated in currencies other than USD has been converted to USD using the applicable foreign currency exchange rate as of the applicable reporting date. As of March 31, 2024, the Company had outstanding borrowings denominated in USD of $503,674, in Euros of EUR 37,700, in GBP of GBP 26,000 and in CAD of CAD 9,020. As of December 31, 2023, the Company had outstanding borrowings denominated in USD of $890,674, in Euros of EUR 37,700, in GBP of GBP 26,000 and in CAD of CAD 9,020.

Schedule of Revolving Credit Facility

The below table presents the summary information of the Revolving Credit Facility:

	For the Three Months Ended
	March 31, 2024			March 31, 2023
Borrowing interest expense	$	16,698		$	18,244
Facility fees		743			514
Amortization of financing costs		803			723
Total	$	18,244		$	19,481
Weighted average interest rate		7.36	%		6.45	%
Average outstanding balance	$	912,596		$	1,147,001

2025 Notes

Debt Instrument [Line Items]

Schedule of Outstanding Debt

The below table presents the components of the carrying value of the 2025 Notes:

	March 31, 2024		December 31, 2023
Principal amount of debt	$	360,000	$	360,000
Unamortized debt issuance costs		1,197		1,541
Carrying Value	$	358,803	$	358,459

Components of Interest and Other Debt Expenses

The below table presents the components of interest and other debt expenses related to the 2025 Notes:

	For the Three Months Ended
	March 31, 2024		March 31, 2023
Borrowing interest expense	$	3,375	$	3,375
Amortization of debt issuance costs		344		341
Total	$	3,719	$	3,716

2026 Notes

Debt Instrument [Line Items]

Schedule of Outstanding Debt

The below table presents the components of the carrying value of the 2026 Notes:

	March 31, 2024		December 31, 2023
Principal amount of debt	$	500,000	$	500,000
Unamortized debt issuance costs		3,430		3,906
Carrying Value	$	496,570	$	496,094

Components of Interest and Other Debt Expenses

The below table presents the components of interest and other debt expenses related to the 2026 Notes:

	For the Three Months Ended
	March 31, 2024		March 31, 2023
Borrowing interest expense	$	3,594	$	3,595
Amortization of debt issuance costs		476		472
Total	$	4,070	$	4,067

2027 Notes

Debt Instrument [Line Items]

Schedule of Outstanding Debt

The below table presents the components of the carrying value of the 2027 Notes:

	March 31, 2024		December 31, 2023
Principal amount of debt	$	400,000	$	—
Unamortized debt issuance costs		8,385		—
Carrying Value	$	391,615	$	—

Components of Interest and Other Debt Expenses

The below table presents the components of interest and other debt expenses related to the 2027 Notes:

	For the Three Months Ended
	March 31, 2024		March 31, 2023
Borrowing interest expense	$	1,417	$	—
Amortization of debt issuance costs		164		—
Total	$	1,581	$	—