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DEBT (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | The Company’s debt obligations were as follows.
| March 31, 2024 |  | December 31, 2023
| Aggregate Principal Committed | Outstanding Principal | Unused Portion |  | Aggregate Principal Committed | Outstanding Principal | Unused Portion
BNP Funding Facility | $ | 600,000 |  | $ | 300,000 |  | $ | 300,000 |  |  | $ | 600,000 |  | $ | 282,000 |  | $ | 318,000 |
Truist Credit Facility(1) | 1,120,000 |  | 492,257 |  | 623,745 |  |  | 1,120,000 |  | 520,263 |  | 599,484 |
2027 Notes(2) | 425,000 |  | 425,000 |  | — |  |  | 425,000 |  | 425,000 |  | — |
2025 Notes(2) | 275,000 |  | 275,000 |  | — |  |  | 275,000 |  | 275,000 |  | — |
Total | $ | 2,420,000 |  | $ | 1,492,257 |  | $ | 923,745 |  |  | $ | 2,420,000 |  | $ | 1,502,263 |  | $ | 917,484 |
(1)As of March 31, 2024 and December 31, 2023, a letter of credit of $3,998 and $253, respectively, was outstanding, which reduced the unused availability under the Truist Credit Facility by the same amount. Under the Truist Credit Facility, the Company may borrow in U.S. dollars or certain other permitted currencies. As of March 31, 2024 and December 31, 2023, the Company had borrowings denominated in Euros (EUR) of 238 and 238, respectively. (2)As of March 31, 2024, the carrying value of the Company’s 2027 Notes and 2025 Notes were presented on the Consolidated Statements of Assets and Liabilities net of unamortized debt issuance costs of $3,219 and $1,763, and unamortized original issuance discount of $614 and $0, respectively. As of December 31, 2023, the carrying value of the Company’s 2027 Notes and 2025 Notes were presented on the Consolidated Statements of Assets and Liabilities net of unamortized debt issuance costs of $3,499 and $2,065, and unamortized original issuance discount of $667 and $0, respectively. The summary information of the BNP Funding Facility is as follows:
|  | For the Three Months Ended
|  | March 31, 2024 |  | March 31, 2023
Borrowing interest expense |  | $ | 6,149 |  |  | $ | 6,903 |
Facility unused commitment fees |  | 314 |  |  | 100 |
Amortization of deferred financing costs |  | 413 |  |  | 260 |
Total |  | $ | 6,876 |  |  | $ | 7,263 |
Weighted average interest rate |  | 8.19 | % |  | 6.90 | %
Weighted average outstanding balance |  | $ | 297,165 |  |  | $ | 400,000 |
The summary information of the Truist Credit Facility is as follows:
|  | For the Three Months Ended
|  | March 31, 2024 |  | March 31, 2023
Borrowing interest expense |  | $ | 8,628 |  |  | $ | 7,822 |
Facility unused commitment fees |  | 635 |  |  | 543 |
Amortization of deferred financing costs |  | 513 |  |  | 439 |
Total |  | $ | 9,776 |  |  | $ | 8,804 |
Weighted average interest rate |  | 7.33 | % |  | 6.45 | %
Weighted average outstanding balance |  | $ | 465,631 |  |  | $ | 484,809 |
The summary information of 2027 Notes is as follows:
|  | For the Three Months Ended
|  | March 31, 2024 |  | March 31, 2023
Borrowing interest expense |  | $ | 4,781 |  |  | $ | 4,781 |
Accretion of original issuance discount |  | 54 |  |  | 53 |
Amortization of debt issuance costs |  | 280 |  |  | 276 |
Total |  | $ | 5,115 |  |  | $ | 5,110 |
Stated interest rate |  | 4.50 | % |  | 4.50 | %
The summary information of 2025 Notes is as follows:
|  | For the Three Months Ended
|  | March 31, 2024 |  | March 31, 2023
Borrowing interest expense |  | $ | 5,191 |  |  | $ | 5,191 |
Amortization of debt issuance costs |  | 302 |  |  | 299 |
Total |  | $ | 5,493 |  |  | $ | 5,490 |
Stated interest rate |  | 7.55 | % |  | 7.55 | %

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