Borrowings (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Borrowings

The following table shows the Company's borrowings as of March 31, 2024 and December 31, 2023 (in thousands):

	March 31, 2024									December 31, 2023
	Total Commitment		Principal		Deferred Debt Cost(1)			Carrying Value		Total Commitment		Principal		Deferred Debt Cost(1)			Carrying Value
Credit Facility	$	550,000	$	237,000	$	(3,957	)	$	233,043	$	550,000	$	272,000	$	(4,434	)	$	267,566
April 2026 Notes		25,000		25,000		(247	)		24,753		25,000		25,000		(277	)		24,723
December 2026 Notes		70,000		70,000		(519	)		69,481		70,000		70,000		(573	)		69,427
July 2027 Notes		80,500		80,500		(1,780	)		78,720		80,500		80,500		(1,924	)		78,576
August 2027 Notes		20,000		20,000		(476	)		19,524		20,000		20,000		(511	)		19,489
December 2027 Notes		51,750		51,750		(1,357	)		50,393		51,750		51,750		(1,453	)		50,297
Total	$	797,250	$	484,250	$	(8,336	)	$	475,914	$	797,250	$	519,250	$	(9,172	)	$	510,078

(1) Net of accumulated amortization.

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

For the three months ended March 31, 2024 and 2023, the components of interest expense, amortization of deferred debt costs, unused fees on the Credit Facility (as defined below), and any other costs associated with the Company's borrowings were as follows (dollars in thousands):

	Interest Expense		Amortization of Deferred Debt Costs		Unused Facility and Other Fees		Total Interest and Other Debt Financing Expenses		Weighted Average Cost of Debt
Three Months Ended March 31, 2024
Credit Facility	$	5,007	$	480	$	841	$	6,328		10.77	%
April 2026 Notes		534		30		—		564		9.03
December 2026 Notes		744		55		—		799		4.56
July 2027 Notes		1,509		144		—		1,653		8.22
August 2027 Notes		350		35		—		385		7.70
December 2027 Notes		1,035		96		—		1,131		8.74
Total	$	9,179	$	840	$	841	$	10,860		9.01	%
Three Months Ended March 31, 2023
Credit Facility	$	6,409	$	394	$	172	$	6,975		8.37	%
December 2026 Notes		744		52		—		796		4.55
July 2027 Notes		1,509		129		—		1,638		8.14
August 2027 Notes		350		35		—		385		7.70
December 2027 Notes		1,035		91		—		1,126		8.71
Total	$	10,047	$	701	$	172	$	10,920		7.86	%