Debt (Tables)

3 Months Ended

Mar. 31, 2023

Debt obligations consisted of the following as of March 31, 2023 and December 31, 2022:


	March 31, 2023
	Aggregate Principal Amount Committed		Outstanding Principal		Amount Available (1)		Carrying Value (2)
Subscription Facility	$	1,300,000	$	548,594	$	751,406	$	542,434
Revolving Credit Facility		700,000		242,698		457,302		237,501
Total Debt	$	2,000,000	$	791,292	$	1,208,708	$	779,935

(1)

The amount available may be subject to limitations related to the borrowing base under the Subscription Facility, Revolving Credit Facility and asset coverage requirements.

(2)

The carrying values of the Subscription Facility and Revolving Credit Facility are presented net deferred financing costs of $6.2 million and $5.2 million, respectively.


	December 31, 2022
	Aggregate Principal Amount Committed		Outstanding Principal		Amount Available (1)		Carrying Value (2)
Subscription Facility	$	700,000	$	537,991	$	162,009	$	534,080
Total Debt	$	700,000	$	537,991	$	162,009	$	534,080

(1)

The amount available may be subject to limitations related to the borrowing base under the Subscription Facility and asset coverage requirements.

(2)

The carrying value of the Subscription Facility is presented net deferred financing costs of $3.9 million.

Schedule of Components of Interest Expense

For the three months ended March 31, 2023, the components of interest expense were as follows:


	Three Months Ended
	March 31, 2023
Interest expense	$	7,407
Commitment fees		560
Amortization of deferred financing costs		885
Total Interest Expense	$	8,852
Average debt outstanding (in millions)	$	445.6
Weighted average interest rate		6.7	%