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Borrowings (Tables)
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Information Related to Borrowings
The following table summarizes the interest expense, non-usage fees and amortization of financing costs incurred on the Holdings Credit Facility for the three and nine months ended September 30, 2022 and September 30, 2021:
 Three Months EndedNine Months Ended
 September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Interest expense$6,734 $2,446 $13,937 $7,606 
Non-usage fee$154 $311 $558 $1,004 
Amortization of financing costs$807 $806 $2,395 $2,046 
Weighted average interest rate4.4 %2.0 %3.2 %2.2 %
Effective interest rate5.0 %2.9 %3.9 %3.0 %
Average debt outstanding$607,585 $483,131 $580,699 $467,570 
The following table summarizes the interest expense, non-usage fees and amortization of financing costs incurred on the NMFC Credit Facility for the three and nine months ended September 30, 2022 and September 30, 2021:
 Three Months EndedNine Months Ended
 September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Interest expense$1,872 $655 $3,798 $2,262 
Non-usage fee$25 $69 $118 $188 
Amortization of financing costs$60 $61 $175 $137 
Weighted average interest rate4.3 %2.2 %3.2 %2.5 %
Effective interest rate4.5 %2.7 %3.5 %2.8 %
Average debt outstanding$171,850 $117,146 $156,303 $122,537 
The following table summarizes the interest expense, non-usage fees and amortization of financing costs incurred on the DB Credit Facility for the three and nine months ended September 30, 2022 and September 30, 2021:
 Three Months EndedNine Months Ended
 September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Interest expense(1)$2,682 $1,384 $6,555 $4,517 
Non-usage fee(1)$103 $105 $236 $269 
Amortization of financing costs$272 $272 $809 $708 
Weighted average interest rate5.3 %2.8 %4.0 %2.9 %
Effective interest rate6.1 %3.5 %4.7 %3.5 %
Average debt outstanding$199,442 $198,938 $217,817 $209,417 
(1)Interest expense includes the portion of the facility agent fee applicable to the drawn portion of the DB Credit Facility and non-usage fee includes the portion of the facility agent fee applicable to the undrawn portion of the DB Credit Facility.
The following table summarizes the interest expense and amortization of financing costs incurred on the Unsecured Notes for the three and nine months ended September 30, 2022 and September 30, 2021:
 Three Months EndedNine Months Ended
 September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Interest expense$6,512 $5,958 $18,624 $18,443 
Amortization of financing costs$202 $204 $607 $1,661 
Weighted average interest rate4.8 %4.7 %4.7 %4.7 %
Effective interest rate5.0 %4.8 %4.9 %5.2 %
Average debt outstanding$539,870 $511,500 $525,456 $518,333 
The following table summarizes the Company’s SBA-guaranteed debentures as of September 30, 2022:
Issuance DateMaturity DateDebenture AmountInterest RateSBA Annual Charge
Fixed SBA-guaranteed debentures(1):    
March 25, 2015March 1, 2025$37,500 2.517 %0.355 %
September 23, 2015September 1, 202537,500 2.829 %0.355 %
September 23, 2015September 1, 202528,795 2.829 %0.742 %
March 23, 2016March 1, 202613,950 2.507 %0.742 %
September 21, 2016September 1, 20264,000 2.051 %0.742 %
September 20, 2017September 1, 202713,000 2.518 %0.742 %
March 21, 2018March 1, 202815,255 3.187 %0.742 %
Fixed SBA-guaranteed debentures(2):
September 19, 2018September 1, 202815,000 3.548 %0.222 %
September 25, 2019September 1, 202919,000 2.283 %0.222 %
March 25, 2020March 1, 203041,000 2.078 %0.222 %
March 25, 2020March 1, 203024,000 2.078 %0.275 %
September 23, 2020September 1, 203051,000 1.034 %0.275 %
Total SBA-guaranteed debentures $300,000   
(1)SBA-guaranteed debentures are held in SBIC I.
(2)SBA-guaranteed debentures are held in SBIC II.
The following table summarizes the interest expense and amortization of financing costs incurred on the SBA-guaranteed debentures for the three and nine months ended September 30, 2022 and September 30, 2021:
 Three Months EndedNine Months Ended
September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Interest expense$2,042 $2,042 $6,061 $6,061 
Amortization of financing costs$253 $253 $750 $750 
Weighted average interest rate2.7 %2.7 %2.7 %2.7 %
Effective interest rate3.0 %3.0 %3.0 %3.0 %
Average debt outstanding$300,000 $300,000 $300,000 $300,000 
Schedule of Information Related to Convertible Notes
The following table summarizes certain key terms related to the convertible features of the Company’s 2018 Convertible Notes as of September 30, 2022:
2018 Convertible Notes
Initial conversion premium10.0 %
Initial conversion rate(1)65.8762 
Initial conversion price$15.18 
Conversion premium at September 30, 202210.0 %
Conversion rate at September 30, 2022(1)(2)65.8762 
Conversion price at September 30, 2022(2)(3)$15.18 
Last conversion price calculation dateAugust 20, 2022
(1)Conversion rates denominated in shares of common stock per $1 principal amount of the 2018 Convertible Notes converted.
(2)Represents conversion rate and conversion price, as applicable, taking into account certain de minimis adjustments that will be made on the conversion date.
(3)The conversion price in effect at September 30, 2022 was calculated on the last anniversary of the issuance and will be calculated again on the next anniversary, unless the exercise price shall have changed by more than 1.0% before the anniversary.
The following table summarizes the interest expense, amortization of financing costs and amortization of premium incurred on the 2018 Convertible Notes for the three and nine months ended September 30, 2022 and September 30, 2021:
 Three Months EndedNine Months Ended
 September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Interest expense$2,893 $2,893 $8,679 $8,679 
Amortization of financing costs$100 $100 $296 $296 
Amortization of premium$(26)$(26)$(77)$(77)
Weighted average interest rate5.8 %5.8 %5.8 %5.8 %
Effective interest rate5.9 %5.9 %5.9 %5.9 %
Average debt outstanding$201,250 $201,250 $201,250 $201,250