Borrowings (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Borrowings

The following table shows the Company's borrowings as of September 30, 2022 and December 31, 2021:

	September 30, 2022									December 31, 2021
	Total Commitment		Principal		Deferred Debt Cost(1)			Carrying Value		Total Commitment		Principal		Deferred Debt Cost(1)			Carrying Value
Credit Facility	$	425,000,000	$	175,000,000	$	(4,990,643	)	$	170,009,357	$	350,000,000	$	61,000,000	$	(1,135,511	)	$	59,864,489
2026 Notes		70,000,000		70,000,000		(869,686	)		69,130,314		20,000,000		20,000,000		(376,029	)		19,623,971
July 2027 Notes		80,500,000		80,500,000		(2,495,400	)		78,004,600		—		—		—			—
August 2027 Notes		20,000,000		20,000,000		(599,505	)		19,400,495		—		—		—			—
Total	$	595,500,000	$	345,500,000	$	(8,955,234	)	$	336,544,766	$	370,000,000	$	81,000,000	$	(1,511,540	)	$	79,488,460

(1) Net of accumulated amortization.

Schedule of Components of Interest Expense, Amortization of Deferred Debt Costs, and Unused Fees on Credit Facility

For the three and nine months ended September 30, 2022, the components of interest expense, amortization of deferred debt costs, and the unused fees on the Credit Facility (as defined below) on the Company's borrowings were as follows:

	Three Months Ended September 30, 2022											Nine Months Ended September 30, 2022
	Interest Expense		Amortization  of Deferred Debt Costs		Unused Facility and Other Fees		Total Interest Expense and Fees		Weighted Average Cost of Debt			Interest Expense		Amortization  of Deferred Debt Costs		Unused Facility and Other Fees		Total Interest Expense and Fees		Weighted Average Cost of Debt
Credit Facility	$	1,667,420	$	269,283	$	376,684	$	2,313,387		7.37	%	$	2,901,815	$	570,655	$	1,427,894	$	4,900,364		7.73	%
2026 Notes		743,750		50,062		—		793,812		4.54	%		1,990,417		130,014		—		2,120,431		4.60	%
July 2027 Notes		1,056,563		87,600		—		1,144,163		8.12	%		1,056,563		87,600		—		1,144,163		8.12	%
August 2027 Notes		120,556		10,495		—		131,051		7.61	%		120,556		10,495		—		131,051		7.61	%
Total	$	3,588,289	$	417,440	$	376,684	$	4,382,413				$	6,069,351	$	798,764	$	1,427,894	$	8,296,009

For the three and nine months ended September 30, 2021, the components of interest expense, amortization of deferred debt costs, and the unused fees on the Credit Facility (as defined below) on the Company's borrowings were as follows:

	Three Months Ended September 30, 2021											Nine Months Ended September 30, 2021
	Interest Expense		Amortization  of Deferred Debt Costs		Unused Facility and Other Fees		Total Interest Expense and Fees		Weighted Average Cost of Debt			Interest Expense		Amortization  of Deferred Debt Costs		Unused Facility and Other Fees		Total Interest Expense and Fees		Weighted Average Cost of Debt
Credit Facility	$	811,028	$	117,343	$	158,861	$	1,087,232		4.70	%	$	2,295,514	$	349,378	$	487,277	$	3,132,169		4.81	%
2026 Notes		—		—		—		—		—	%		—		—		—		—		—	%
July 2027 Notes		—		—		—		—		—	%		—		—		—		—		—	%
August 2027 Notes		—		—		—		—		—	%		—		—		—		—		—	%
Total	$	811,028	$	117,343	$	158,861	$	1,087,232				$	2,295,514	$	349,378	$	487,277	$	3,132,169