Secured Debt Arrangements (Tables)

9 Months Ended

Sep. 30, 2024

Disclosure of Repurchase Agreements [Abstract]

Summary of Borrowings Under Secured Debt Arrangements

The Company's borrowings under secured debt arrangements at September 30, 2024 are detailed in the following table ($ in thousands):

	Maximum Amount of Borrowings		Borrowings Outstanding			Weighted Average Borrowing Costs	Maturity Date (1)
JPM Repurchase Agreement	$	250,000	$	188,775		SOFR + 2.51%	October 2028
Less: Unamortized deferred financing costs	N/A			(589	)
	$	250,000	$	188,186

(1)Maturity date assumes extensions at the Company's option are exercised with consent of the financing provider.

Summary of Maturities of Borrowings

At September 30, 2024, the Company's borrowings had the following maturities ($ in thousands):

	Less than 1 year		1 to 3 years		3 to 5 years		More than 5 years		Total
JPM Repurchase Agreement	$	19,500		17,500		151,775		-	$	188,775

The table above assumes extensions at the Company's option are exercised with consent of financing providers, where applicable.