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Borrowings (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Borrowings Outstanding
The Company had the following borrowings outstanding as of December 31, 2024 and 2023: 
Issuance Date
($ in thousands)
Maturity Date
Interest Rate as of December 31, 2024
December 31, 2024December 31,
2023
Credit Facility:
February 21, 2019November 5, 20296.037%$438,590 $719,914 
Total Credit Facilities$438,590 $719,914 
Notes:
September 24, 2020 - August 2025 NotesAugust 4, 20254.660%$25,000 $25,000 
September 29, 2020 - August 2025 NotesAugust 4, 20254.660%25,000 25,000 
November 5, 2020 - Series B NotesNovember 4, 20254.250%62,500 62,500 
November 5, 2020 - Series C NotesNovember 4, 20274.750%112,500 112,500 
February 25, 2021 Series D NotesFebruary 26, 20263.410%80,000 80,000 
February 25, 2021 Series E NotesFebruary 26, 20284.060%70,000 70,000 
November 23, 2021 - November 2026 NotesNovember 23, 20263.300%350,000 350,000 
February 12, 2024 - February 2029 Notes (1)February 15, 20297.000%295,604 — 
(Less: Deferred financing fees)(8,773)(4,417)
Total Notes$1,011,831 $720,583 
(1) Inclusive of change in fair market value of effective hedge.
The Company’s summary information of its borrowings were as follows:
 Year Ended December 31,
($ in thousands)20242023
Combined weighted average interest rate(1)
5.565 %5.353 %
Combined weighted average debt outstanding$1,412,987 $1,503,459 
(1) Excludes unused commitment fees and amortization of financing costs. Inclusive of effective interest rate swaps and hedged items