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SALE OF MIDDLE MARKET LENDING PORTFOLIO
9 Months Ended
Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
SALE OF MIDDLE MARKET LENDING PORTFOLIO
9. SALE OF MIDDLE MARKET LENDING PORTFOLIO
In April 2022, the Company entered into a definitive agreement to sell substantially all of the MML Portfolio for $2.4 billion. The Company’s loans, having an unpaid principal balance of $1.9 billion, were transferred for cash proceeds of $1.9 billion and a realized gain of $20.4 million was recorded during the year ended December 31, 2022. All of the assets comprising the MML Portfolio were transferred by the end of 2022.