Debt (Tables)

6 Months Ended

Jun. 30, 2023

Debt obligations consisted of the following as of June 30, 2023 and December 31, 2022:


	June 30, 2023
	Aggregate Principal Amount Committed		Outstanding Principal		Amount Available (1)		Carrying Value (2)
Subscription Facility	$	1,350,000	$	635,014	$	714,986	$	629,725
Revolving Credit Facility		700,000		485,507		214,493		480,574
Total Debt	$	2,050,000	$	1,120,521	$	929,479	$	1,110,299

(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 $5.3 million and $4.9 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 June 30, 2023, the components of interest expense were as follows:


	Three Months Ended			Six Months Ended
	June 30, 2023			June 30, 2023
Interest expense	$	13,923		$	21,330
Commitment fees		1,088			1,647
Amortization of deferred financing costs		1,382			2,268
Total Interest Expense	$	16,393		$	25,245
Average debt outstanding (in millions)	$	742.1		$	594.7
Weighted average interest rate		7.5	%		7.2	%