SUBSEQUENT EVENTS (Tables)

6 Months Ended

Jun. 30, 2025

Subsequent Events [Abstract]

Schedule of Long-Term Debt Instruments

The new borrowings, repayments and pro-forma balances of long-term debt, secured borrowings and Senior Notes, as of the date of August 7, 2025 were as follows ($ in thousands):

	June 30, 2025		Weighted Average Interest Rate(1)	New Borrowing(2)		Repayments		Pro-forma
	As Reported
Long-term debt(3)	$	332,125	11.95%	$	—	$	(332,125)	$	—
Secured borrowing(3)	267,647		15.14%	—		(58,118)		209,529
Senior notes	—		8.875%	500,000		—		500,000
Total	$	599,772		$	500,000	$	(390,243)	$	709,529

(1) Interest rates as of June 30, 2025 for long-term debt and secured borrowing.

(2) Excluding underwriting fees of $7.5 million

(3) Excluding debt issuance costs.