Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Instrument [Line Items]

Schedule of Outstanding Debt

The Company’s outstanding debt was as follows:

	As of
	December 31, 2025						December 31, 2024
	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	$	1,109,997	$	585,750	$	1,695,000	$	1,019,992	$	674,628
2025 Notes		—		—		—		360,000		—		359,845
2026 Notes		500,000		—		499,921		500,000		—		498,010
2027 Notes		400,000		—		397,333		400,000		—		393,969
2030 Notes		400,000		—		391,616		—		—		—
Total Debt	$	2,995,000	$	1,109,997	$	1,874,620	$	2,955,000	$	1,019,992	$	1,926,452

(1)The carrying value is presented net of the unamortized debt issuance costs and includes the cumulative hedging adjustments for those borrowings that are designated in a fair value hedging relationship, 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 December 31, 2025, the Company had outstanding borrowings denominated in USD of $489,674, in EUR of EUR 13,700, in GBP of GBP 18,950, in CAD of CAD 52,270 and in AUD of AUD 24,500. As of December 31, 2024, the Company had outstanding borrowings denominated in USD of $626,674, in EUR of EUR 10,500, in GBP of GBP 18,950, in CAD of CAD 8,520 and in AUD of AUD 12,000.

Schedule of Revolving Credit Facility

The following table presents summary information regarding the Revolving Credit Facility:

	For the Years Ended December 31,
	2025			2024			2023
Borrowing interest expense	$	49,391		$	52,757		$	74,706
Facility fees		3,470			3,725			2,430
Amortization of financing costs		3,264			3,285			2,997
Total	$	56,125		$	59,767		$	80,133
Weighted average interest rate		6.21	%		7.21	%		6.98	%
Average outstanding balance	$	795,868		$	731,661		$	1,070,027

2025 Notes

Debt Instrument [Line Items]

Schedule of Outstanding Debt

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

	December 31, 2025		December 31, 2024
Principal amount of debt	$	—	$	360,000
Unamortized debt issuance costs		—		(155	)
Carrying Value	$	—	$	359,845

Components of Interest and Other Debt Expenses

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

	For the Years Ended December 31,
	2025		2024		2023
Borrowing interest expense	$	1,463	$	13,500	$	13,500
Amortization of debt issuance costs		155		1,386		1,383
Total	$	1,618	$	14,886	$	14,883

2026 Notes

Debt Instrument [Line Items]

Schedule of Outstanding Debt

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

	December 31, 2025			December 31, 2024
Principal amount of debt	$	500,000		$	500,000
Unamortized debt issuance costs		(79	)		(1,990	)
Carrying Value	$	499,921		$	498,010

Components of Interest and Other Debt Expenses

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

	For the Years Ended December 31,
	2025		2024		2023
Borrowing interest expense	$	14,375	$	14,375	$	14,375
Amortization of debt issuance costs		1,911		1,916		1,911
Total	$	16,286	$	16,291	$	16,286

2027 Notes

Debt Instrument [Line Items]

Schedule of Outstanding Debt

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

	December 31, 2025			December 31, 2024
Principal amount of debt	$	400,000		$	400,000
Unamortized debt issuance costs		(3,279	)		(6,031	)
Cumulative hedging adjustments		612			—
Carrying Value	$	397,333		$	393,969

Components of Interest and Other Debt Expenses

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

	For the Years Ended December 31,
	2025			2024		2023
Borrowing interest expense	$	26,291		$	20,542	$	—
(Gain) loss from interest rate swap accounted for as hedges and the related hedged items:
Interest rate swap		(607	)		—		—
Hedged item		612			—		—
Amortization of debt issuance costs		2,752			2,232		—
Total	$	29,048		$	22,774	$	—

2030 Notes

Debt Instrument [Line Items]

Schedule of Outstanding Debt

The following table presents the components of the carrying value of the 2030 Notes:

	December 31, 2025			December 31, 2024
Principal amount of debt	$	400,000		$	—
Unamortized debt issuance costs		(4,811	)		—
Cumulative hedging adjustments		(3,573	)		—
Carrying Value	$	391,616		$	—

Components of Interest and Other Debt Expenses

The following table presents the components of interest and other debt expenses related to the 2030 Notes:

	For the Years Ended December 31,
	2025			2024		2023
Borrowing interest expense	$	8,164		$	—	$	—
(Gain) loss from interest rate swap accounted for as hedges and the related hedged items:
Interest rate swap		3,570			—		—
Hedged item		(3,573	)		—		—
Amortization of debt issuance costs		320			—		—
Total	$	8,481		$	—	$	—