XML 26 R17.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Senior Secured Notes, Net | 9 Months Ended
--- | ---
Sep. 30, 2022
Receivables [Abstract] |
Secured Debt Arrangement, Net/Participations Sold | Secured Debt Arrangements, Net We utilize our secured debt arrangements to finance the origination activity in our loan portfolio. Our secured debt arrangements comprise secured credit facilities and a private securitization. During the nine months ended September 30, 2022, we entered into two new asset-specific credit facilities and increased borrowing capacity on three of our existing secured credit facilities. Our borrowings under secured debt arrangements at September 30, 2022 and December 31, 2021 are detailed in the following table ($ in thousands):
| September 30, 2022 |  | December 31, 2021 |
| Maximum Amount of Borrowings(1) |  | Borrowings Outstanding(1) |  | Maturity (2) |  | Maximum Amount of Borrowings(1) |  | Borrowings Outstanding(1) |  | Maturity (2) |
JPMorgan Facility - USD(3)(4) | $ | 1,533,896 |  |  | $ | 1,427,097 |  |  | September 2026 |  | $ | 1,344,283 |  |  | $ | 1,329,923 |  |  | September 2026 |
JPMorgan Facility - GBP(3)(4) | 66,104 |  |  | 66,104 |  |  | September 2026 |  | 87,497 |  |  | 86,849 |  |  | September 2026 |
JPMorgan Facility - EUR(3)(4) | — |  |  | — |  |  | N/A |  | 68,220 |  |  | 68,220 |  |  | September 2026 |
Deutsche Bank Facility - USD(3) | 700,000 |  |  | 432,269 |  |  | March 2023 |  | 700,000 |  |  | 259,073 |  |  | March 2023 |
Credit Suisse Facility - USD | 633,798 |  |  | 629,026 |  |  | August 2026(6)(7) |  | 161,609 |  |  | 148,720 |  |  | February 2025(6)(7) |
HSBC Facility - GBP | 336,887 |  |  | 336,887 |  |  | April 2025 |  | — |  |  | — |  |  | N/A |
HSBC Facility - EUR | 255,623 |  |  | 255,623 |  |  | January 2026(7) |  | 167,756 |  |  | 162,937 |  |  | July 2022 |
Goldman Sachs Facility - USD | 300,000 |  |  | 148,334 |  |  | November 2025(5) |  | 300,000 |  |  | 168,231 |  |  | November 2025(5) |
Barclays Facility - USD | 200,000 |  |  | 125,592 |  |  | June 2027(6) |  | 200,000 |  |  | 32,693 |  |  | March 2024 |
MUFG Securities Facility - GBP | 179,592 |  |  | 179,592 |  |  | June 2025(6) |  | — |  |  | — |  |  | N/A |
Santander Facility - EUR | 52,931 |  |  | 48,426 |  |  | August 2024 |  | — |  |  | — |  |  | N/A |
Total Secured Credit Facilities | 4,258,831 |  |  | 3,648,950 |  |  |  |  | 3,029,365 |  |  | 2,256,646 |  |  |  |
Barclays Private Securitization - GBP, EUR, SEK | 1,734,264 |  |  | 1,715,169 |  |  | January 2026(7) |  | 1,902,684 |  |  | 1,902,684 |  |  | August 2024(7) |
Total Secured Debt Arrangements | 5,993,095 |  |  | 5,364,119 |  |  |  |  | 4,932,049 |  |  | 4,159,330 |  |  |  |
Less: deferred financing costs | N/A |  | (13,533) |  |  |  |  | N/A |  | (9,062) |  |  |  |
Total Secured Debt Arrangements, net(8)(9)(10) | $ | 5,993,095 |  |  | $ | 5,350,586 |  |  |  |  | $ | 4,932,049 |  |  | $ | 4,150,268 |  |  |
——————— (1)As of September 30, 2022, GBP, EUR, and Swedish Krona ("SEK") borrowings were converted to USD at a rate o f 1.12, 0.98, and 0.09, respectively. As of December 31, 2021, GBP, EUR and SEK borrowings were converted to USD at a rate of 1.35, 1.14 and 0.11, respectively. (2)Maturity date assumes extensions at our option are exercised with consent of financing providers, where applicable. (3)Facility enables us to elect to receive advances in USD, GBP, or EUR. (4)The JPMorgan Facility allows for $1.6 billion of maximum borrowings in total. (5)Assumes facility enters the two-year amortization period subsequent to the November 2023 maturity, which allows for the refinancing or pay down of assets under the facility. (6)Assumes financings are extended in line with the underlying loans. (7)Represents weighted average maturity across various financings with the counterparty. See below for additional details. (8)Weighted-average borrowing costs as of September 30, 2022 and December 31, 2021 were applicable benchmark rates and credit spread adjustments, plus spreads of USD: +2.31% / GBP: +1.95% / EUR: +1.55% / SEK: +1.50% and USD: +2.00% / GBP: +1.86% / EUR: +1.42%/ SEK: +1.50%, respectively. (9)Weighted average advance rates based on cost as of September 30, 2022 and December 31, 2021 were 69.5% (65.7% (USD) / 74.0% (GBP) / 73.0% (EUR) / 80.6% (SEK)) and 69.8% (67.1% (USD) / 72.7% (GBP) / 68.9% (EUR) / 80.7% (SEK)), respectively. (10)As of September 30, 2022 and December 31, 2021, approximately 55% and 50% of the outstanding balance under these secured borrowings were recourse to us. Terms of our secured credit facilities are designed to keep each lender's credit exposure generally constant as a percentage of the underlying value of the assets pledged as security to it. As of September 30, 2022 and December 31, 2021, the weighted average haircut under our secured debt arrangements was approximately 30.5% and 30.2%, respectively. Our secured credit facilities do not contain capital markets-based mark-to-market provisions. Barclays Private Securitization We are party to a private securitization with Barclays Bank plc (the "Barclays Private Securitization"). Commercial mortgage loans currently financed under the Barclays Securitization are denominated in GBP, EUR and SEK. The Barclays Private Securitization does not include daily margining provisions and grants us significant discretion to modify certain terms of the underlying collateral including waiving certain loan-level covenant breaches and deferring or waiving of debt service payments for up to 18 months. The securitization includes loan-to-value based covenants with deleveraging requirements that are based on significant declines in the value of the collateral as determined by an annual third-party (engaged by us) appraisal process tied to the provisions of the underlying loan agreements. We believe this provides us with both cushion and predictability to avoid sudden unexpected outcomes and material repayment requirements. The table below provides principal balances and the carrying value for commercial mortgage loans pledged to the Barclays Private Securitization as of September 30, 2022 and December 31, 2021 ($ in thousands):
| September 30, 2022
Local Currency | Count |  | Outstanding Principal |  | Carrying Value
GBP | 7 |  | $ | 1,398,521 |  |  | $ | 1,381,632 |
EUR | 5 |  | 690,087 |  | 685,090
SEK | 1 |  | 233,280 |  |  | 230,964 |
Total | 13 |  | $ | 2,321,888 |  |  | $ | 2,297,686 |
| December 31, 2021
Local Currency | Count |  | Outstanding Principal |  | Carrying Value
GBP | 7 |  | $ | 1,767,063 |  |  | $ | 1,748,367 |
EUR | 2 |  | 533,164 |  | 528,344
SEK | 1 |  | 286,822 |  |  | 282,555 |
Total | 10 |  | $ | 2,587,049 |  |  | $ | 2,559,266 |
The table below provides the borrowings outstanding (on an as converted basis) and weighted-average fully-extended maturities by currency for the assets financed under the Barclays Private Securitization as of September 30, 2022 ($ in thousands):
| Borrowings outstanding(1) |  | Fully-Extended Maturity(2)
Total/Weighted-Average GBP | $ | 1,046,524 |  |  | April 2026
Total/Weighted-Average EUR | 482,021 |  | July 2025(3)
Total/Weighted-Average SEK | 186,624 |  | May 2026
Total/Weighted-Average Securitization | $ | 1,715,169 |  |  | January 2026
——————— (1)As of September 30, 2022, we had £936.9 million, €491.8 million, and kr2.1 billion of borrowings outstanding under the Barclays Private Securitization secured by certain of our commercial mortgage loans. (2)Assumes underlying loans extend to fully extended maturity and extensions at our option are exercised. (3)The EUR portion of the Barclays Private Securitization has an "evergreen" feature such that the facility continues for one year and can be terminated by either party on certain dates with, depending on the date of notice, a minimum of nine to twelve months' notice. The table below provides the borrowings outstanding (on an as converted basis) and weighted-average fully-extended maturities by currency for the assets financed under the Barclays Private Securitization as of December 31, 2021 ($ in thousands):
| Borrowings outstanding |  | Fully-Extended Maturity(1)
Total/Weighted-Average GBP | $ | 1,299,321 |  |  | June 2025
Total/Weighted-Average EUR | 373,904 |  | November 2022(2)
Total/Weighted-Average SEK | 229,458 |  | November 2022
Total/Weighted-Average Securitization | $ | 1,902,683 |  |  | August 2024
——————— (1)Assumes underlying loans extend to fully extended maturity and extensions at our option are exercised. (2)The EUR portion of the Barclays Private Securitization has an "evergreen" feature such that the facility continues for one year and can be terminated by either party on certain dates with, depending on the date of notice, a minimum of nine to twelve months' notice. The table below provides the assets and liabilities of the Barclays Private Securitization VIE included in our condensed consolidated balance sheet ($ in thousands):
| September 30, 2022 |  | December 31, 2021
Assets: |  |  |
Cash | $ | 7,375 |  |  | $ | 3,456 |
Commercial mortgage loans, net(1) | 2,297,686 |  |  | 2,559,266 |
Other Assets | 20,590 |  |  | 20,765 |
Total Assets | $ | 2,325,651 |  |  | $ | 2,583,487 |
Liabilities: |  |  |
Secured debt arrangements, net (net of deferred financing costs of $2.7 million and $2.0 million in 2022 and 2021, respectively) | $ | 1,712,454 |  |  | $ | 1,900,640 |
Accounts payable, accrued expenses and other liabilities(2) | 5,379 |  |  | 2,671 |
Total Liabilities | $ | 1,717,833 |  |  | $ | 1,903,311 |
——————— (1)Net of the General CECL Al lowance of $6.2 million and $11.8 million as of September 30, 2022 and December 31, 2021, respectively. (2)Includes General CECL Allowance related to unfunded commitments on commercial mortgage loans, net o f $1.3 million and $0.4 million as of September 30, 2022 and December 31, 2021, respectively. The table below provides the net income of the Barclays Private Securitization VIE included in our condensed consolidated statement of operations ($ in thousands):
| Three months ended September 30, |  | Nine months ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Net Interest Income: |  |  |  |  |  |  |
Interest income from commercial mortgage loans | $ | 30,518 |  |  | $ | 23,446 |  |  | $ | 86,695 |  |  | $ | 60,482 |
Interest expense | (12,668) |  |  | (7,014) |  |  | (32,830) |  |  | (18,000) |
Net interest income | $ | 17,850 |  |  | $ | 16,432 |  |  | $ | 53,865 |  |  | $ | 42,482 |
Reversal of (provision for) loan losses, net | 889 |  |  | 1,819 |  |  | 4,698 |  |  | (3,849) |
Foreign currency translation gain (loss) | (50,237) |  |  | (15,866) |  |  | (111,745) |  |  | (13,976) |
Net Income | $ | (31,498) |  |  | $ | 2,385 |  |  | $ | (53,182) |  |  | $ | 24,657 |
At September 30, 2022, our borrowings had the following remaining maturities ($ in thousands):
| Less than 1 year |  | 1 to 3 years |  | 3 to 5 years |  | More than 5 years |  | Total
JPMorgan Facility | $ | 220,269 |  |  | $ | 671,652 |  |  | $ | 601,280 |  |  | $ | — |  |  | $ | 1,493,201 |
Deutsche Bank Facility | 432,269 |  |  | — |  |  | — |  |  | — |  |  | 432,269 |
Credit Suisse Facility | — |  |  | 164,323 |  |  | 464,703 |  |  | — |  |  | 629,026 |
HSBC Facility | — |  |  | 452,042 |  |  | 140,468 |  |  | — |  |  | 592,510 |
Goldman Sachs Facility | 112,478 |  |  | — |  |  | 35,856 |  |  | — |  |  | 148,334 |
Barclays Facility | — |  |  | — |  |  | 125,592 |  |  | — |  |  | 125,592 |
MUFG Securities Facility | — |  |  | 179,592 |  |  | — |  |  | — |  |  | 179,592 |
Santander Facility | — |  |  | 48,426 |  |  | — |  |  | — |  |  | 48,426 |
Barclays Private Securitization | — |  |  | 553,485 |  |  | 1,161,684 |  |  | — |  |  | 1,715,169 |
Total | $ | 765,016 |  |  | $ | 2,069,520 |  |  | $ | 2,529,583 |  |  | $ | — |  |  | $ | 5,364,119 |
The table above reflects the fully extended maturity date of the facility and assumes facilities with an "evergreen" feature continue to extend through the fully-extended maturity of the underlying asset and assumes underlying loans are extended with consent of financing providers. The table below summarizes the outstanding balances at September 30, 2022, as well as the maximum and average month-end balances for the nine months ended September 30, 2022 for our borrowings under secured debt arrangements ($ in thousands).
| As of September 30, 2022 |  | For the nine months ended September 30, 2022
| Balance |  | Amortized Cost of Collateral |  | Maximum Month-End Balance |  | Average Month-End Balance
JPMorgan Facility | $ | 1,493,201 |  |  | $ | 2,451,227 |  |  | $ | 1,584,171 |  |  | $ | 1,407,031 |
Deutsche Bank Facility | 432,269 |  |  | 633,026 |  |  | 432,455 |  |  | 403,888 |
Goldman Sachs Facility | 148,334 |  |  | 240,039 |  |  | 164,607 |  |  | 155,750 |
Credit Suisse Facility | 629,026 |  |  | 846,123 |  |  | 633,143 |  |  | 511,003 |
HSBC Facility | 592,510 |  |  | 743,442 |  |  | 660,004 |  |  | 461,138 |
Barclays Facility | 125,592 |  |  | 155,459 |  |  | 172,693 |  |  | 97,972 |
MUFG Securities Facility | 179,592 |  |  | 240,904 |  |  | 186,860 |  |  | 122,151 |
Santander Facility | 48,426 |  |  | 64,568 |  |  | 52,222 |  |  | 50,080 |
Barclays Private Securitization | 1,715,169 |  |  | 2,303,863 |  |  | 1,963,837 |  |  | 1,830,053 |
Total | $ | 5,364,119 |  |  | $ | 7,678,651 |  |  |  |  |
The table below summarizes the outstanding balances at December 31, 2021, as well as the maximum and average month-end balances for the year ended December 31, 2021 for our borrowings under secured debt arrangements ($ in thousands).
| As of December 31, 2021 |  | For the year ended December 31, 2021
| Balance |  | Amortized Cost of Collateral |  | Maximum Month-End Balance |  | Average Month-End Balance
JPMorgan Facility | $ | 1,484,992 |  |  | $ | 2,259,376 |  |  | $ | 1,484,992 |  |  | $ | 1,219,072 |
Deutsche Bank Facility | 259,073 |  |  | 389,238 |  |  | 520,217 |  |  | 407,428 |
Goldman Sachs Facility | 168,231 |  |  | 261,848 |  |  | 331,154 |  |  | 228,312 |
Credit Suisse Facility | 148,720 |  |  | 214,124 |  |  | 369,182 |  |  | 224,351 |
HSBC Facility | 162,937 |  |  | 211,813 |  |  | 174,717 |  |  | 165,958 |
Barclays Facility | 32,693 |  |  | 50,241 |  |  | 35,193 |  |  | 33,526 |
Barclays Private Securitization | 1,902,684 |  |  | 2,571,067 |  |  | 1,902,684 |  |  | 1,396,411 |
Total | $ | 4,159,330 |  |  | $ | 5,957,707 |  |  |  |  |
Debt Covenants The guarantees related to our secured debt arrangements contain the following financial covenants: (i) tangible net worth must be greater than $1.25 billion plus 75% of the net cash proceeds of any equity issuance after March 31, 2017; (ii) our ratio of total indebtedness to tangible net worth cannot be greater than 3.75:1; and (iii) our liquidity cannot be less than an amount equal to the greater of 5% of total recourse indebtedness or $30.0 million. Under these covenants, our General CECL Allowance is added back to our tangible net worth calculation. We were in compliance with the covenants under each of our secured debt arrangements at September 30, 2022 and December 31, 2021. Senior Secured Term Loans, Net In May 2019, we entered into a $500.0 million senior secured term loan (the "2026 Term Loan"), which matures in May 2026 and contains restrictions relating to liens, asset sales, indebtedness, and investments in non-wholly owned entities. The 2026 Term Loan bears interest at LIBOR plus 2.75% and was issued at a price of 99.5%. In March 2021, we entered into an additional $300.0 million senior secured term loan, with substantially the same terms as the 2026 Term Loan, (the "2028 Term Loan" and, together with the 2026 Term Loan, the "Term Loans"), which matures in March 2028 and contains restrictions relating to liens, asset sales, indebtedness, and investments in non-wholly owned entities. The 2028 Term Loan bears interest at LIBOR (with a floor of 0.50%) plus 3.50% and was issued at a price of 99.0%. The Term Loans are amortizing with repayments of 0.25% per quarter of the total committed principal. During both the three and nine months ended September 30, 2022 and 2021, we repaid $1.3 million and $3.8 million of principal related to the 2026 Term Loan, respectively. During the three and nine months ended September 30, 2022, we repaid $0.7 million and $2.2 million of principal related to the 2028 Term Loan, respectively. During the three and nine months ended September 30, 2021, we repaid $0.8 million and $1.5 million of principal related to the 2028 Term Loan, respectively. The following table summarizes the terms of our Term Loans as of September 30, 2022 ($ in thousands):
| Principal Amount | Unamortized Issuance Discount(1) | Deferred Financing Costs(1) | Carrying Value | Spread | Maturity Date
2026 Term Loan | $ | 483,750 |  | $ | (1,280) |  | $ | (6,635) |  | $ | 475,835 |  | 2.75 | % | 5/15/2026
2028 Term Loan | 295,500 |  | (2,321) |  | (4,115) |  | 289,064 |  | 3.50 | % | 3/11/2028
Total | $ | 779,250 |  | $ | (3,601) |  | $ | (10,750) |  | $ | 764,899 |  |  |
——————— (1) Unamortized issuance discount and deferred financing costs will be amortized to interest expense over remaining life of respective term loans. The following table summarizes the terms of our Term Loans as of December 31, 2021 ($ in thousands):
| Principal Amount | Unamortized Issuance Discount(1) | Deferred Financing Costs(1) | Carrying Value | Spread | Maturity Date
2026 Term Loan | $ | 487,500 |  | $ | (1,548) |  | $ | (7,933) |  | $ | 478,019 |  | 2.75 | % | 5/15/2026
2028 Term Loan | 297,750 |  | (2,643) |  | (4,801) |  | 290,306 |  | 3.50 | % | 3/11/2028
Total | $ | 785,250 |  | $ | (4,191) |  | $ | (12,734) |  | $ | 768,325 |  |  |
——————— (1) Unamortized issuance discount and deferred financing costs will be amortized to interest expense over remaining life of respective term loans. Covenants During the fourth quarter of 2021, we modified the financial covenants of the Term Loans which included the following: (i) increased our maximum ratio of total recourse debt to tangible net worth from 3:1 to 4:1; (ii) increased our maximum ratio of total unencumbered assets to total pari-passu indebtedness from 1.25:1 to 2.50:1; and (iii) amended the definition of unencumbered asset to include the carrying value of the residual equity in the entities where we hold assets financed under repurchase obligations. In conjunction with the modifications, we incurred $5.2 million in fees, $3.9 million of which were consent fees paid to borrowers recorded as deferred financing costs and $1.3 million of arrangement fees paid to the Term Loan arranger recorded as general and administrative expenses. We were in compliance with the covenants under the Term Loans at September 30, 2022 and December 31, 2021. Interest Rate Cap During the second quarter of 2020, we entered into a three-year interest rate cap to cap LIBOR at 0.75%. This effectively limits the maximum all-in coupon on our 2026 Term Loan to 3.50%. In connection with the interest rate cap, we incurred upfront fees of $1.1 million for the year ended December 31, 2020, which we recorded as a deferred financing cost on our consolidated balance sheet. The deferred financing cost is being amortized over the duration of the interest rate cap with respective amortization recognized as part of interest expense in our condensed consolidated statement of operations. During the three and nine months ended September 30, 2022, LIBOR exceeded the cap rate of 0.75%. As such, during the three and nine months ended September 30, 2022, we recognized income from the interest rate cap in the amount of $1.8 million and $2.0 million, respectively, which is offsetting interest expense in our condensed consolidated statement of operations. There was no such contra-expense recorded during the three and nine months ended September 30, 2021. Senior Secured Notes, Net In June 2021, we issued $500.0 million of 4.625% Senior Secured Notes due 2029 (the "2029 Notes"), for which we received net proceeds of $495.0 million, after deducting initial purchasers' discounts and commissions. The 2029 Notes will mature on June 15, 2029, unless earlier repurchased or redeemed. The 2029 Notes are secured by a first-priority lien, and rank pari passu in right of payment with all of our existing and future first lien obligations, including indebtedness under the Term Loans. The 2029 Notes were issued at par and contain covenants relating to liens, indebtedness, and investments in non-wholly owned entities. The 2029 Notes had a carrying value of $494.6 million and $494.1 million, net of deferred financing costs of $5.4 million and $5.9 million, as of September 30, 2022 and December 31, 2021, respectively. Covenants The 2029 Notes include certain covenants including a requirement that we maintain a ratio of total unencumbered assets to total pari-passu indebtedness of at least 1.20:1. As of September 30, 2022 and December 31, 2021, we were in compliance with all covenants. Participations Sold Participations sold represents the subordinate interests in loans we originated and subsequently partially sold. We account for participations sold as secured borrowings on our condensed consolidated balance sheet with both assets and non-recourse liabilities because the participations do not qualify as a sale under ASC 860, "Transfers and Servicing." The income earned on the participations sold is recorded as interest income and an identical amount is recorded as interest expense in our condensed consolidated statements of operations. In October 2020, we sold a $25.0 million interest, at par, in a mezzanine loan collateralized by a ground-up condominium development in New York City that we originated in December 2017. The participation interest sold accrued payment-in-kind interest, was accounted for as a secured borrowing on our condensed consolidated balance sheet, and was subordinate to our remaining mezzanine loan. The mezzanine loan was repaid at par in June 2021, and therefore, we de-recognized the related participating interest of $27.7 million, which included $2.7 million in payment-in-kind interest. In December 2020, we sold a £6.7 million ($8.9 million assuming conversion into USD at time of transfer) interest, at par, in a first mortgage loan collateralized by an office building located in London, United Kingdom that was originated by us in December 2017. In connection with this sale, we transferred our remaining unfunded commitment of £19.1 million ($25.3 million assuming conversion into USD at time of transfer). The participation interest sold is subordinate to our remaining £71.6 million ($79.9 million assuming conversion into USD) first mortgage loan and is accounted for as a secured borrowing on our condensed consolidated balance sheet. During the nine months ended September 30, 2022, the participation sold on commercial mortgage loans balance decreased by $4.4 million due to unrealized loss on foreign currency translation. Refer to "Note 4 – Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net" for further discussion of default interest being accrued on the whole position. The table below details participations sold included in our condensed consolidated balance sheet ($ in thousands):
| September 30, 2022 |  | December 31, 2021
Participation sold on commercial mortgage loans | $ | 22,696 |  |  | $ | 27,064 |
Total participations sold | $ | 22,696 |  |  | $ | 27,064 |

X
- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI https://asc.fasb.org/topic&trid=2208564 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(c)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1E -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration