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Commitments and Contingencies (Tables) | 9 Months Ended
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Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Principal Contractual Obligations | Our contractual principal debt repayments as of September 30, 2025 were as follows ($ in thousands):
Year |  | Secured Debt(1) |  | Asset-Specific Debt(1) |  | Term Loans(2) |  | Senior Secured Notes |  | Convertible Notes(3) |  | Total(4)
2025 (remaining) |  | $199,342 |  | $— |  | $3,754 |  | $— |  | $— |  | $203,096
2026 |  | 2,313,383 |  | — |  | 324,282 |  | — |  | — |  | 2,637,665
2027 |  | 2,821,019 |  | 76,549 |  | 15,015 |  | 335,316 |  | 266,157 |  | 3,514,056
2028 |  | 1,320,197 |  | — |  | 15,015 |  | — |  | — |  | 1,335,212
2029 |  | 1,162,807 |  | 390,357 |  | 448,862 |  | 450,000 |  | — |  | 2,452,026
Thereafter |  | 1,731,584 |  | 162,984 |  | 1,001,199 |  | — |  | — |  | 2,895,767
Total obligation |  | $9,548,332 |  | $629,890 |  | $1,808,127 |  | $785,316 |  | $266,157 |  | $13,037,822
(1)Our secured debt and asset-specific debt agreements are generally term-matched to their underlying collateral. Therefore, the allocation of payments under such agreements is generally allocated based on the maximum maturity date of the collateral loans, assuming all extension options are exercised by the borrower. In limited instances, the maturity date of the respective debt agreement is used. (2)The Term Loans are partially amortizing, with an amount equal to 1.0% per annum of the initial principal balance due in quarterly installments. Refer to Note 11 for further details on our Term Loans. (3)Reflects the outstanding principal balance of Convertible Notes, excluding any potential conversion premium. Refer to Note 13 for further details on our Convertible Notes. (4)Total does not include $2.5 billion of consolidated securitized debt obligations, as the satisfaction of these liabilities will not require cash outlays from us.

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- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Subparagraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
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