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v3.25.3

Borrowings - Holdings Credit Facility (Details) - USD ($) $ in Thousands |  | 3 Months Ended | 8 Months Ended | 9 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Mar. 28, 2025 | Sep. 30, 2025 | Sep. 30, 2024 | Mar. 27, 2025 | Sep. 30, 2025 | Sep. 30, 2024 | Jul. 28, 2024 | Dec. 31, 2024 | Jun. 09, 2018 | Jun. 08, 2018 | Nov. 05, 2014
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Minimum asset coverage ratio |  |  |  |  |  |  |  |  | 150.00% | 200.00% | 150.00%
Amortization of financing costs |  |  |  |  | $ 6,866 | $ 7,502 |  |  |  |  |
Holdings Credit Facility |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Credit facility outstanding balance |  | $ 308,063 |  |  | 308,063 |  |  | $ 294,363 |  |  |
Revolving Credit Facility | Holdings Credit Facility |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Credit facility outstanding balance |  | 308,063 |  |  | 308,063 |  |  | $ 294,363 |  |  |
Revolving Credit Facility | Holdings Credit Facility | Line of Credit |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity | $ 800,000 |  |  |  |  |  |  |  |  |  |
Available borrowing capacity |  | $ 730,000 |  |  | $ 730,000 |  |  |  |  |  |
Borrowing capacity, first percentage |  | 35.00% |  |  | 35.00% |  |  |  |  |  |
Borrowing capacity, second percentage |  | 45.00% |  |  | 45.00% |  |  |  |  |  |
Borrowing capacity, third percentage |  | 55.00% |  |  | 55.00% |  |  |  |  |  |
Borrowing capacity, fourth percentage |  | 67.50% |  |  | 67.50% |  |  |  |  |  |
Borrowing capacity, fifth percentage |  | 70.00% |  |  | 70.00% |  |  |  |  |  |
Minimum asset coverage ratio |  | 150.00% |  |  | 150.00% |  |  |  |  |  |
Interest expense |  | $ 4,726 | $ 7,835 |  | $ 13,741 | 21,417 |  |  |  |  |
Non-usage fee |  | 557 | 409 |  | 1,865 | 1,417 |  |  |  |  |
Amortization of financing costs |  | $ 677 | $ 585 |  | $ 1,921 | $ 1,737 |  |  |  |  |
Weighted average interest rate |  | 6.30% | 7.60% |  | 6.40% | 7.70% |  |  |  |  |
Effective interest rate |  | 8.00% | 8.70% |  | 8.20% | 9.00% |  |  |  |  |
Average debt outstanding |  | $ 293,932 | $ 405,661 |  | $ 285,184 | $ 364,418 |  |  |  |  |
Revolving Credit Facility | Holdings Credit Facility, Excluding Broadly Syndicated Loans | Line of Credit |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Interest rate margin | 1.95% |  |  | 2.15% |  |  |  |  |  |  |
Revolving Credit Facility | Holdings Credit Facility, Broadly Syndicated Loans | Line of Credit |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |
Interest rate margin |  |  |  |  |  |  | 2.50% |  |  |  |

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- Definition Amount of amortization expense attributable to debt issuance costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-3 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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