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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
The Company’s outstanding debt obligations were as follows:
December 31, 2023
Aggregate
Principal
Committed		Outstanding
Principal		Carrying
Value		Unamortized Debt Issuance Costs
Unused
Portion (1)
Amount
Available (2)
Jackson Hole Funding Facility(3)
$500,000 $233,019 $233,019 $— $266,981 $266,981 
Breckenridge Funding Facility1,025,000 741,700 741,700 — 283,300 283,300 
Big Sky Funding Facility500,000 480,906 480,906 — 19,094 19,094 
Revolving Credit Facility(4)
1,775,000 682,258 682,258 — 1,092,742 1,092,662 
2026 Notes800,000 800,000 796,343 3,657 — — 
New 2026 Notes700,000 700,000 695,206 4,794 — — 
2027 Notes650,000 650,000 641,412 8,588 — — 
2028 Notes650,000 650,000 641,086 8,914 — — 
Total$6,600,000 $4,937,883 $4,911,930 $25,953 $1,662,117 $1,662,037 
(1)The unused portion is the amount upon which commitment fees, if any, are based.
(2)The amount available reflects any limitations related to each respective credit facility’s borrowing base.
(3)Under the Jackson Hole Funding Facility, the Company may borrow in U.S. dollars (USD) or certain other permitted currencies. As of December 31, 2023, the Company had no borrowings denominated in currencies other than USD.
(4)Under the Revolving Credit Facility, the Company may borrow in USD or certain other permitted currencies. As of December 31, 2023, the Company had non-USD borrowings denominated in the following currencies:
•Canadian Dollars (CAD) 1.0 million
•Euros (EUR) 94.4 million
•British Pounds (GBP) 66.9 million
December 31, 2022
Aggregate Principal CommittedOutstanding PrincipalCarrying ValueUnamortized Debt Issuance Costs
Unused
Portion (1)
Amount
Available (2)
Jackson Hole Funding Facility(3)
$400,000 $360,019 $360,019 $— $39,981 $39,981 
Breckenridge Funding Facility825,000 825,000 825,000 — — — 
Big Sky Funding Facility500,000 499,606 499,606 — 394 394 
Revolving Credit Facility(4)
1,625,000 678,378 678,378 — 946,622 936,004 
2023 Notes
400,000 400,000 398,850 1,150 — — 
2026 Notes800,000 800,000 794,559 5,441 — — 
New 2026 Notes700,000 700,000 693,432 6,568 — — 
2027 Notes650,000 650,000 638,669 11,332 — — 
2028 Notes650,000 650,000 639,202 10,798 — — 
Total$6,550,000 $5,563,003 $5,527,715 $35,289 $986,997 $976,379 
(1)The unused portion is the amount upon which commitment fees, if any, are based.
(2)The amount available reflects any limitations related to each respective credit facility’s borrowing base.
(3)Under the Jackson Hole Funding Facility, the Company may borrow in USD or certain other permitted currencies. As of December 31, 2022, the Company had no borrowings denominated in currencies other than USD.
(4)Under the Revolving Credit Facility, the Company may borrow in USD or certain other permitted currencies. As of December 31, 2022, the Company had borrowings denominated in the following currencies:
•Canadian Dollars (CAD) 355.9 million
•Euros (EUR) 97.9 million
•British Pounds (GBP) 66.6 million
The components of interest expense were as follows:
For the Year Ended December 31,
202320222021
Borrowing interest expense$246,642 $187,035 $107,900 
Facility unused fees4,971 2,131 2,791 
Amortization of deferred financing costs5,471 4,008 2,676 
Amortization of original issue discount and debt issuance costs9,336 10,405 7,102 
Total Interest Expense$266,420 $203,579 $120,469 
Cash paid for interest expense$256,478 $182,152 $94,552