Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Debt

Debt consisted of the following (in thousands):
 

	December 31, 2022								December 31, 2021
	Aggregate Principal Amount Committed		Drawn Amount		Amount Available (1)		Carrying Value(2)(3)		Aggregate Principal Amount Committed		Drawn Amount		Amount Available (1)		Carrying Value(2)(3)
SPV Asset Facility	$	350,000	$	233,000	$	117,000	$	233,000	$	350,000	$	249,500	$	100,500	$	249,500
SMBC Corporate Revolving Facility		350,000		241,836		108,164		241,836		300,000		203,437		96,563		203,437
2023 Unsecured Notes		50,000		50,000		—		50,000		50,000		50,000		—		50,000
2026 Unsecured Notes(4)		135,000		135,000		—		135,000		135,000		135,000		—		135,000
Total Debt	$	885,000	$	659,836	$	225,164	$	659,836	$	835,000	$	637,937	$	197,063	$	637,937

(1)The amount available is subject to any limitations related to the respective debt facilities’ borrowing bases and foreign currency translation adjustments.

(2)The amount presented excludes netting of deferred financing costs.

(3)As of December 31, 2022 and 2021, the carrying amount of the Company’s outstanding debt approximated fair value, unless otherwise noted.

(4)As of December 31, 2022, the fair value of the 2026 Unsecured Notes was approximately $123,223.

Summary of Interest and Credit Facility Expenses

The borrowing expenses incurred by the SPV Asset Facility, Ally Corporate Revolving Facility, SMBC Corporate Revolving Facility, 2023 Unsecured Notes, 2026 Unsecured Notes, and InterNotes® were as follows (in thousands):

	For the years ended December 31,
	2022		2021		2020
Borrowing interest expense	$	28,930	$	16,166	$	13,417
Unused facility fees		1,212		1,046		740
Amortization of financing costs		1,738		2,554		1,328
Total interest and credit facility expenses	$	31,880	$	19,766	$	15,485
Weighted average outstanding balance	$	673,503	$	530,675	$	421,066