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DEBT (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
The Company’s debt obligations were as follows.
June 30, 2025December 31, 2024
Aggregate Principal CommittedOutstanding PrincipalUnused PortionAggregate Principal CommittedOutstanding PrincipalUnused Portion
BNP Funding Facility$600,000 $316,000 $284,000 $600,000 $316,000 $284,000 
Truist Credit Facility(1)
1,450,000 613,188 829,037 1,300,000 617,401 680,770 
2027 Notes(2)
425,000 425,000 — 425,000 425,000 — 
2025 Notes(2)(3)
— — — 275,000 275,000 — 
2029 Notes(2)
350,000 350,000 — 350,000 350,000 — 
2030 Notes(2)
350,000 350,000 — — — — 
Total$3,175,000 $2,054,188 $1,113,037 $2,950,000 $1,983,401 $964,770 
(1)As of June 30, 2025 and December 31, 2024, a letter of credit of $7,775 and $1,828, 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 June 30, 2025 and December 31, 2024, the Company had borrowings denominated in Euros (EUR) of 3,298 and 3,298, respectively, Canadian dollars (CAD) of 3,300 and 300, respectively and Pound Sterling (GBP) of 1,020 and 1,020, respectively.
(2)As of June 30, 2025, the carrying value of the Company’s 2027 Notes, 2025 Notes, 2029 Notes and 2030 Notes were presented net of unamortized debt issuance costs of $1,822, $0, $2,775 and $4,176 and unamortized original issuance discount of $346, $0, $3,013 and $3,664, respectively. As of December 31, 2024, the carrying value of the Company’s 2027 Notes, 2025 Notes, 2029 Notes and 2030 Notes were presented net of unamortized debt issuance costs of $2,374, $856 $3,297 and $0 and unamortized original issuance discount of $452, $0, $3,398 and $0, respectively.
(3)The 2025 Notes were redeemed on June 16, 2025.
The Company's summary information of its debt obligations were as follows:
For the Three Months EndedFor the Six Months Ended
 June 30, 2025June 30, 2024 June 30, 2025June 30, 2024
Combined weighted average interest rate (1)
6.02 %6.57 %6.06 %6.63 %
Combined weighted average effective interest rate (2)
6.47 %7.03 %6.47 %7.07 %
Combined weighted average debt outstanding$2,046,092 $1,578,492$2,038,571 $1,520,644
(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 BNP Funding Facility is as follows:
For the Three Months EndedFor the Six Months Ended
 June 30, 2025June 30, 2024 June 30, 2025June 30, 2024
Borrowing interest expense$5,250 $5,095 $10,444 $11,245 
Facility unused commitment fees470 472 935 787 
Amortization of deferred financing costs408 413 808 827 
Total$6,128 $5,980 $12,187 $12,859 
Weighted average interest rate6.57 %8.18 %6.57 %8.18 %
Weighted average effective interest rate7.08 %8.84 %7.08 %8.78 %
Weighted average outstanding balance$316,000 $246,527 $316,000 $271,846 
The summary information of the Truist Credit Facility is as follows:
For the Three Months EndedFor the Six Months Ended
 June 30, 2025June 30, 2024 June 30, 2025June 30, 2024
Borrowing interest expense$8,773 $8,531 $19,226 $17,158 
Facility unused commitment fees803 781 1,442 1,416 
Amortization of deferred financing costs642 517 1,202 1,029 
Total$10,218 $9,829 $21,870 $19,603 
Weighted average interest rate6.20 %7.35 %6.25 %7.34 %
Weighted average effective interest rate6.65 %7.80 %6.64 %7.78 %
Weighted average outstanding balance$560,037 $458,887 $612,212 $462,259 
The summary information of 2027 Notes is as follows:
For the Three Months EndedFor the Six Months Ended
 June 30, 2025June 30, 2024 June 30, 2025June 30, 2024
Borrowing interest expense$4,781 $4,781 $9,563 $9,563 
Accretion of original issuance discount53 53 106 106 
Amortization of debt issuance costs283 288 560 568 
Total$5,117 $5,122 $10,229 $10,237 
Stated interest rate4.50 %4.50 %4.50 %4.50 %
Weighted average effective interest rate 4.77 %4.77 %4.76 %4.76 %
The summary information of 2025 Notes is as follows:
For the Three Months EndedFor the Six Months Ended
 June 30, 2025June 30, 2024 June 30, 2025June 30, 2024
Borrowing interest expense$4,326 $5,191 $9,516 $10,381 
Amortization of debt issuance costs303 302 605 604 
Total$4,629 $5,493 $10,121 $10,985 
Stated interest rate7.55 %7.55 %7.55 %7.55 %
Weighted average effective interest rate7.97 %7.99 %7.98 %7.99 %
The summary information of 2029 Notes is as follows:
For the Three Months EndedFor the Six Months Ended
 June 30, 2025June 30, 2024 June 30, 2025June 30, 2024
Borrowing interest expense$5,567 $2,631 $10,949 $2,631 
Accretion of original issuance discount194 96 385 96 
Net change in unrealized (appreciation) depreciation on effective interest rate swaps and hedged items(27)(7)(51)(7)
Amortization of debt issuance costs259 158 574 158 
Total$5,993 $2,878 $11,857 $2,878 
Stated interest rate6.15 %6.15 %6.15 %6.15 %
Weighted average effective interest rate6.88 %6.74 %6.80 %6.74 %
The summary information of 2030 Notes is as follows:
For the Three Months EndedFor the Six Months Ended
 June 30, 2025June 30, 2024 June 30, 2025June 30, 2024
Borrowing interest expense$2,450 $— $2,450 $— 
Accretion of original issuance discount88 — 88 — 
Net change in unrealized (appreciation) depreciation on effective interest rate swaps and hedged items(9)— (9)— 
Amortization of debt issuance costs93 — 93 — 
Total$2,622 $— $2,622 $— 
Stated interest rate6.00 %— %6.00 %— %
Weighted average effective interest rate6.44 %— %6.44 %— %