XML 83 R73.htm IDEA: XBRL DOCUMENT v3.25.1
Debt Obligations - Collateralized Loan Obligations (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
USD ($)
loan
Dec. 31, 2024
USD ($)
loan
Debt Obligations    
Debt, Carrying Value $ 3,286,395 $ 4,622,489
Debt, Wtd. Avg. Rate 6.70%  
Total securitized debt    
Debt Obligations    
Debt, Face Value $ 3,291,733 4,632,015
Debt, Carrying Value $ 3,286,395 $ 4,622,489
Debt, Wtd. Avg. Rate 6.23% 6.35%
Collateral, Loans, UPB $ 4,359,334 $ 5,901,442
Collateral, Loans, Carrying Value 4,357,315 5,898,103
Collateral, Cash, Restricted Cash $ 0 $ 88,000
Weighted average note rate including certain fees and costs, percentage 6.53% 6.59%
Collateralized loan obligations    
Debt Obligations    
Debt, Face Value $ 3,253,783 $ 4,581,374
Debt, Carrying Value $ 3,248,557 $ 4,572,055
Debt, Wtd. Avg. Rate 6.23% 6.35%
Collateral, Loans, UPB $ 4,276,894 $ 5,806,502
Collateral, Loans, Carrying Value 4,274,901 5,803,208
Collateral, Cash, Restricted Cash 0 88,000
Deferred financing fees $ 5,200 $ 9,500
Number of loans under the loan portfolio | loan 43 46
Collateral at risk $ 1,720,000 $ 1,600,000
Proceeds from issuance of collateralized loan obligations for acquiring additional loan obligations 14,400 43,400
CLO 19    
Debt Obligations    
Debt, Face Value   753,987
Debt, Carrying Value   $ 751,364
Debt, Wtd. Avg. Rate   7.02%
Collateral, Loans, UPB   $ 912,935
Collateral, Loans, Carrying Value   912,392
Collateral, Cash, Restricted Cash   0
CLO 18    
Debt Obligations    
Debt, Face Value 1,246,319 1,335,647
Debt, Carrying Value $ 1,244,153 $ 1,332,950
Debt, Wtd. Avg. Rate 6.42% 6.47%
Collateral, Loans, UPB $ 1,619,662 $ 1,684,765
Collateral, Loans, Carrying Value 1,618,935 1,684,285
Collateral, Cash, Restricted Cash 0 37,090
CLO 17    
Debt Obligations    
Debt, Face Value 1,408,697 1,482,657
Debt, Carrying Value $ 1,407,044 $ 1,480,495
Debt, Wtd. Avg. Rate 6.16% 6.15%
Collateral, Loans, UPB $ 1,796,122 $ 1,811,391
Collateral, Loans, Carrying Value 1,795,594 1,810,463
Collateral, Cash, Restricted Cash 0 50,910
CLO 16    
Debt Obligations    
Debt, Face Value 598,767 682,845
Debt, Carrying Value $ 597,360 $ 681,008
Debt, Wtd. Avg. Rate 5.98% 5.93%
Collateral, Loans, UPB $ 861,110 $ 944,660
Collateral, Loans, Carrying Value 860,372 943,542
Collateral, Cash, Restricted Cash 0 0
CLO 14    
Debt Obligations    
Debt, Face Value   326,238
Debt, Carrying Value   $ 326,238
Debt, Wtd. Avg. Rate   6.11%
Collateral, Loans, UPB   $ 452,751
Collateral, Loans, Carrying Value   452,526
Collateral, Cash, Restricted Cash   0
Q Series securitization    
Debt Obligations    
Debt, Face Value 37,950 50,641
Debt, Carrying Value $ 37,838 $ 50,434
Debt, Wtd. Avg. Rate 6.41% 6.49%
Collateral, Loans, UPB $ 82,440 $ 94,940
Collateral, Loans, Carrying Value 82,414 94,895
Collateral, Cash, Restricted Cash $ 0 $ 0
Weighted average note rate including certain fees and costs, percentage 7.48% 7.46%