Borrowings (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

The following table shows the Company's outstanding debt as of March 31, 2025 and December 31, 2024:

Liability (in thousands)	March 31, 2025						December 31, 2024
	Total Commitment		Balance Outstanding		Unused Commitment		Total Commitment		Balance Outstanding		Unused Commitment
Revolving Credit Facility	$	250,000	$	88,000	$	162,000	$	250,000	$	88,000	$	162,000
2027 Notes	75,000		75,000		—		75,000		75,000		—
Total	$	325,000	$	163,000	$	162,000	$	325,000	$	163,000	$	162,000

Interest expense on these borrowings includes the interest cost charged on borrowings, the unused fee on the Credit Facility (as defined below), paying and administrative agent fees, and the amortization of deferred Credit Facility fees and expenses. These expenses are shown in the table below:

	For the Three Months Ended March 31,
Interest Expense and Amortization of Fees (in thousands)	2025		2024
Revolving Credit Facility
Interest cost	$	2,521	$	2,081
Unused fee	203		205
Amortization of costs and other fees	250		250
Revolving Credit Facility Total	$	2,974	$	2,536
2027 Notes
Interest cost	$	1,098	$	1,099
Amortization of costs and other fees	48		45
2027 Notes Total	$	1,146	$	1,144
Total interest expense and amortization of fees	$	4,120	$	3,680

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The following table shows additional information about the level in the fair value hierarchy of the Company’s liabilities as of March 31, 2025 and December 31, 2024:

Liability (in thousands)	March 31, 2025								December 31, 2024
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Credit Facility	$	—	$	—	$	88,000	$	88,000	$	—	$	—	$	88,000	$	88,000
2027 Notes	—		—		74,796		74,796		—		—		72,277		72,277
Total	$	—	$	—	$	162,796	$	162,796	$	—	$	—	$	160,277	$	160,277