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Borrowings (Tables) | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | The Company’s outstanding debt obligations were as follows:
| March 31, 2024
| Aggregate Principal Committed |  | Outstanding Principal |  | Carrying Value |  | Unamortized Debt Issuance Costs |  | Unused Portion (1) |  | Amount Available (2)
Jackson Hole Funding Facility(3) | $ | 500,000 |  |  | $ | 387,949 |  |  | $ | 387,949 |  |  | $ | — |  |  | $ | 112,051 |  |  | $ | 112,051 |
Breckenridge Funding Facility | 1,025,000 |  |  | 824,350 |  |  | 824,350 |  |  | — |  |  | 200,650 |  |  | 200,650 |
Big Sky Funding Facility | 500,000 |  |  | 500,000 |  |  | 500,000 |  |  | — |  |  | — |  |  | — |
Revolving Credit Facility(4) | 1,775,000 |  |  | 785,728 |  |  | 785,728 |  |  | — |  |  | 989,273 |  |  | 989,273 |
2026 Notes | 800,000 |  |  | 800,000 |  |  | 796,789 |  |  | 3,211 |  |  | — |  |  | — |
New 2026 Notes | 700,000 |  |  | 700,000 |  |  | 695,647 |  |  | 4,353 |  |  | — |  |  | — |
2027 Notes | 650,000 |  |  | 650,000 |  |  | 642,097 |  |  | 7,903 |  |  | — |  |  | — |
2028 Notes | 650,000 |  |  | 650,000 |  |  | 641,554 |  |  | 8,446 |  |  | — |  |  | — |
Total | $ | 6,600,000 |  |  | $ | 5,298,027 |  |  | $ | 5,274,114 |  |  | $ | 23,913 |  |  | $ | 1,301,974 |  |  | $ | 1,301,974 |
(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 March 31, 2024, the Company had no borrowings denominated in currencies other than USD. (4)Under the Revolving Credit Facility, the Company may borrow in U.S. dollars or certain other permitted currencies. As of March 31, 2024, the Company had non-USD borrowings denominated in the following currencies: •Canadian Dollars (CAD) 1.0 million •Euros (EUR) 101.1 million •British Pounds (GBP) 113.2 million •Australian Dollar (AUD) 1.0 million
| 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 Facility | 1,025,000 |  |  | 741,700 |  |  | 741,700 |  |  | — |  |  | 283,300 |  |  | 283,300 |
Big Sky Funding Facility | 500,000 |  |  | 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 Notes | 800,000 |  |  | 800,000 |  |  | 796,343 |  |  | 3,657 |  |  | — |  |  | — |
New 2026 Notes | 700,000 |  |  | 700,000 |  |  | 695,206 |  |  | 4,794 |  |  | — |  |  | — |
2027 Notes | 650,000 |  |  | 650,000 |  |  | 641,412 |  |  | 8,588 |  |  | — |  |  | — |
2028 Notes | 650,000 |  |  | 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 The components of interest expense were as follows:
| Three months ended March 31,
| 2024 |  | 2023
Borrowing interest expense | $ | 61,165 |  |  | $ | 62,125 |
Facility unused fees | 1,816 |  |  | 929 |
Amortization of deferred financing costs | 1,698 |  |  | 1,125 |
Amortization of original issue discount and debt issuance costs | 2,041 |  |  | 2,549 |
Total Interest Expense | $ | 66,720 |  |  | $ | 66,728 |
Cash paid for interest expense | $ | 72,624 |  |  | $ | 88,513 |

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