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v3.25.1

Unsecured Credit Facility (Details) - USD ($) $ in Thousands |  |  | 3 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | ---
Mar. 31, 2025 | Mar. 28, 2025 | Mar. 31, 2025 | Mar. 31, 2024 | Mar. 27, 2025 | Dec. 31, 2024 | Apr. 17, 2024
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Long-term Line of Credit | $ 300,000 |  | $ 300,000 |  |  | $ 0 |
Loss from early extinguishment of debt |  |  | $ 338 | $ 0 |  |  |
Commercial Paper |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Commercial Paper, Maximum Borrowing Capacity |  | $ 750,000 |  |  |  |  | $ 500,000
Maximum [Member] |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Line of Credit Facility, Commitment Fee Percentage |  | 0.30% |  |  |  |  |
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage |  | 1.40% |  |  |  |  |
Minimum [Member] |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Line of Credit Facility, Commitment Fee Percentage |  | 0.10% |  |  |  |  |
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage |  | 0.70% |  |  |  |  |
Line of Credit [Member] |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity |  | $ 3,500,000 |  |  |  |  |
Line of Credit Facility, Interest Rate Description |  | At BPLP’s option, loans under the 2025 Credit Facility that are advanced in U.S. dollars will bear interest at a rate per annum equal to Term SOFR, Daily Simple SOFR or a Base Rate (each as defined in the Tenth Amended and Restated Credit Agreement, which governs the 2025 Credit Facility (the “Credit Agreement”)), in each case, plus a margin based on BPLP’s credit rating ranging from (i) for Term SOFR and Daily Simple SOFR loans, (a) under the Revolving Facility, 70.0 to 140.0 basis points, or (b) under the Term Loan Facility, 75.0 to 160.0 basis points (plus a SOFR conversion adjustment of 10 basis points) (See Note 14), and (ii) for Base Rate loans, (a) under the Revolving Facility, 0 to 40.0 basis points, or (b) under the Term Loan Facility, 0 to 60.0 basis points. |  |  |  |  |
Line of Credit Facility, Covenant Terms |  | Among other covenants, the 2025 Credit Facility requires that BPLP maintain: (1) a leverage ratio not to exceed 60%, however, the leverage ratio may increase to no greater than 65% provided that it is reduced back to 60% within one year, (2) a secured debt leverage ratio not to exceed 55%, (3) a fixed charge coverage ratio of at least 1.40, (4) an unsecured debt leverage ratio not to exceed 60%, however, the unsecured debt leverage ratio may increase to no greater than 65% provided that it is reduced to 60% within one year, (5) an unsecured debt interest coverage ratio of at least 1.75 and (6) limitations on permitted investments. |  |  |  |  |
Line of Credit Facility, Covenant Compliance |  |  | At March 31, 2025, BPLP was in compliance with each of these financial restrictions and requirements. |  |  |  |
Line of Credit Facility, Current Borrowing Capacity |  | $ 2,950,000 |  |  |  |  |
Loss from early extinguishment of debt |  |  | $ 300 |  |  |  |
Revolving Credit Facility [Member] |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | 0.85% |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity |  |  |  |  | $ 2,000,000 |  |
Line of Credit Facility, Commitment Fee Percentage | 0.20% |  |  |  |  |  |
Debt Instrument, Alternate Basis Spread on Variable Rate | 0.00% |  | 0.00% |  |  |  |
Long-term Line of Credit | $ 300,000 |  | $ 300,000 |  |  |  |
Line of Credit Facility, Current Borrowing Capacity |  | $ 2,250,000 |  |  |  |  |
Debt Instrument, Maturity Date |  | Mar. 29, 2030 |  |  |  |  |

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- Definition Date when the debt instrument is scheduled to be fully repaid, in YYYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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- Definition The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. + References No definition available. + Details
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- Definition Description of the conditions for borrowing under the credit facility including the nature of any restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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- Definition Description of interest rate for borrowing under credit facility. Includes, but is not limited to, terms and method for determining interest rate. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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