XML 71 R61.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt Obligations, Collateralized Loan Obligations (Details)
$ in Thousands
1 Months Ended 9 Months Ended
Oct. 01, 2018
USD ($)
Jun. 30, 2018
USD ($)
item
tranche
Sep. 30, 2018
USD ($)
Sep. 30, 2017
USD ($)
Mar. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Debt Obligations            
Debt, Carrying Value     $ 1,592,089     $ 1,418,422
Weighted average note rate (as a percent)     4.10%     3.34%
Proceeds from issuance of collateralized loan obligations     $ 441,000 $ 561,874    
CLOs            
Debt Obligations            
Debt, Face Value     1,609,524     $ 1,436,274
Debt, Carrying Value     $ 1,592,089     $ 1,418,422
Weighted average note rate (as a percent)     3.98%     3.48%
Collateral Loans, Unpaid Principal     $ 1,792,687     $ 1,745,891
Collateral Loans, Carrying Value     1,786,843     1,740,180
Cash collateral     169,579     115,109
Deferred financing fees     $ 17,400     $ 17,900
Weighted average note rate including certain fees and costs (as a percent)     4.49%     4.08%
Collateral at risk         $ 0 $ 0
CLO X            
Debt Obligations            
Number of tranches of CLO notes issued | tranche   7        
Number of newly-formed wholly-owned subsidiaries | item   2        
Value of the seven tranches issued   $ 494,200        
Value of portfolio loans as collateral   $ 501,900        
Debt, Face Value     $ 441,000      
Debt, Carrying Value     $ 436,132      
Weighted average note rate (as a percent)     3.76%      
Collateral Loans, Unpaid Principal     $ 510,303      
Collateral Loans, Carrying Value     508,357      
Cash collateral     42,032      
Replacement period   4 years        
Proceeds from issuance of collateralized loan obligations   $ 58,100        
Notional amount of residual interest retained   119,000        
CLO X | Period of up to 120 days from the CLO closing date            
Debt Obligations            
Value of portfolio loans as collateral $ 560,000          
Maximum period to acquire additional loan obligations 120 days          
Leverage (as a percent) 79.00%          
CLO X | Investment grade            
Debt Obligations            
Debt, Face Value   441,000        
CLO X | Below investment grade            
Debt Obligations            
Debt, Face Value   53,200        
Notional amount of residual interest retained   $ 53,200        
CLO X | Secured Debt | One-month LIBOR            
Debt Obligations            
Weighted average note rate (as a percent)   1.45%        
CLO IX            
Debt Obligations            
Debt, Face Value     356,400     356,400
Debt, Carrying Value     $ 351,934     $ 351,042
Weighted average note rate (as a percent)     3.67%     2.97%
Collateral Loans, Unpaid Principal     $ 417,089     $ 372,350
Collateral Loans, Carrying Value     415,776     371,236
Cash collateral     3,911     88,650
CLO VIII            
Debt Obligations            
Debt, Face Value     282,874     282,874
Debt, Carrying Value     $ 279,538     $ 278,606
Weighted average note rate (as a percent)     3.62%     2.92%
Collateral Loans, Unpaid Principal     $ 304,078     $ 364,838
Collateral Loans, Carrying Value     303,302     363,339
Cash collateral     39,409     162
CLO VII            
Debt Obligations            
Debt, Face Value     279,000     279,000
Debt, Carrying Value     $ 276,221     $ 275,331
Weighted average note rate (as a percent)     4.31%     3.61%
Collateral Loans, Unpaid Principal     $ 285,134     $ 346,524
Collateral Loans, Carrying Value     284,322     345,220
Cash collateral     43,885     13,476
CLO VI            
Debt Obligations            
Debt, Face Value     250,250     250,250
Debt, Carrying Value     $ 248,264     $ 247,470
Weighted average note rate (as a percent)     4.81%     4.10%
Collateral Loans, Unpaid Principal     $ 276,083     $ 314,382
Collateral Loans, Carrying Value     275,086     313,582
Cash collateral     $ 40,342     10,618
CLO V            
Debt Obligations            
Debt, Face Value           267,750
Debt, Carrying Value           $ 265,973
Weighted average note rate (as a percent)           4.06%
Collateral Loans, Unpaid Principal           $ 347,797
Collateral Loans, Carrying Value           346,803
Cash collateral           $ 2,203
Debt Instrument Redemption Value   $ 267,800        
Deferred fees expensed as interest expense   $ 1,300