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DEBT (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
The Company’s debt obligations were as follows.
December 31, 2024December 31, 2023
Aggregate Principal CommittedOutstanding PrincipalUnused PortionAggregate Principal CommittedOutstanding PrincipalUnused Portion
CIBC Subscription Facility(1)
$— $— $— $— $— $— 
BNP Funding Facility600,000 316,000 284,000 600,000 282,000 318,000 
Truist Credit Facility(2)
1,300,000 617,401 680,770 1,120,000 520,263 599,484 
2027 Notes(3)
425,000 425,000 — 425,000 425,000 — 
2025 Notes(3)
275,000 275,000 — 275,000 275,000 — 
2029 Notes(3)
350,000 350,000 — — — — 
Total$2,950,000 $1,983,401 $964,770 $2,420,000 $1,502,263 $917,484 
(1)The CIBC Subscription Facility matured and was fully paid off as of December 31, 2022.
(2)As of December 31, 2024 and December 31, 2023, a letter of credit of $1,828 and $253, respectively, was outstanding, which reduced the unused availability under the Truist Credit Facility by the same amount. Under the Truist Credit Facility, the Company may borrow in U.S. dollars or certain other permitted currencies. As of December 31, 2024 and December 31, 2023, the Company had borrowings denominated in Euros (EUR) of 3,298 and 238, respectively, Canadian dollars (CAD) of 300 and 0, respectively and Pound Sterling (GBP) of 1,020 and 0, respectively.
(3)As of December 31, 2024, the carrying value of the Company’s 2027 Notes, 2025 Notes and 2029 Notes were presented net of unamortized debt issuance costs of $2,374, $856 and $3,297 and unamortized original issuance discount of $452, $0 and $3,398, respectively. As of December 31, 2023, the carrying value of the Company’s 2027 Notes, 2025 Notes and 2029 Notes were presented net of unamortized debt issuance costs of $3,499, $2,065 $0, and unamortized original issuance discount of $667, $0 and $0, respectively.
The Company's summary information of its debt obligations were as follows:
For the Year Ended
December 31, 2024December 31, 2023December 31, 2022
Combined weighted average interest rate (1)
6.46 %6.51 %4.05 %
Combined weighted average effective interest rate (2)
6.90 %6.85 %4.41 %
Combined weighted average debt outstanding$1,681,358 $1,576,285$1,432,492 
(1) Excludes unused commitment fees, amortization of financing costs, accretion of original issue discount and net change in unrealized (appreciation) depreciation on effective interest rate swaps and hedged items.
(2) Excludes unused commitment fees and net change in unrealized (appreciation) depreciation on effective interest rate swaps and hedged items.
The summary information of the CIBC Subscription Facility is as follows:
For the Year Ended
 December 31, 2024December 31, 2023December 31, 2022
Borrowing interest expense$— $— $8,312 
Facility unused commitment fees— — 26 
Amortization of deferred financing costs— — 1,347 
Total$— $— $9,685 
Weighted average interest rate— %— %3.13 %
Weighted average outstanding balance$— $— $262,184 
The summary information of the BNP Funding Facility is as follows:
For the Year Ended
 December 31, 2024December 31, 2023December 31, 2022
Borrowing interest expense$20,662 $27,086 $15,376 
Facility unused commitment fees2,068 771 507 
Amortization of deferred financing costs1,650 1,257 1,145 
Total$24,380 $29,114 $17,028 
Weighted average interest rate7.77 %7.51 %3.90 %
Weighted average outstanding balance$261,541 $355,507 $389,216 
The summary information of the Truist Credit Facility is as follows:
For the Year Ended
 December 31, 2024December 31, 2023December 31, 2022
Borrowing interest expense$36,415 $37,055 $11,959 
Facility unused commitment fees2,912 2,287 2,487 
Amortization of deferred financing costs2,077 1,992 1,243 
Total$41,404 $41,334 $15,689 
Weighted average interest rate7.15 %7.02 %3.68 %
Weighted average outstanding balance$500,828 $520,778 $320,955 
The summary information of 2027 Notes is as follows:
For the Year Ended
 December 31, 2024December 31, 2023December 31, 2022
Borrowing interest expense$19,125 $19,125 $17,000 
Accretion of original issuance discount215 214 190 
Amortization of debt issuance costs1,133 1,122 996 
Total$20,473 $20,461 $18,186 
Stated interest rate4.50 %4.50 %4.50 %
The summary information of 2025 Notes is as follows:
For the Year Ended
 December 31, 2024December 31, 2023December 31, 2022
Borrowing interest expense$20,762 $20,762 $6,229 
Amortization of debt issuance costs1,216 1,212 365 
Total$21,978 $21,974 $6,594 
Stated interest rate7.55 %7.55 %7.55 %
The summary information of 2029 Notes is as follows:
For the Year Ended
 December 31, 2024December 31, 2023December 31, 2022
Borrowing interest expense$13,393 $— $— 
Accretion of original issuance discount488 — — 
Net change in unrealized (appreciation) depreciation on effective interest rate swaps and hedged items10 — — 
Amortization of debt issuance costs802 — — 
Total$14,693 $— $— 
Stated interest rate6.15 %— %— %