XML 36 R25.htm IDEA: XBRL DOCUMENT v3.25.2
BORROWINGS (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Borrowings Outstanding
The Company had the following borrowings outstanding as of June 30, 2025 and December 31, 2024: 
Issuance Date
($ in thousands)		Maturity Date
Interest Rate as of June 30, 2025
June 30, 2025December 31, 2024
Credit Facility:
February 21, 2019 November 5, 20295.662%$547,313 $438,590 
Total Credit Facility$547,313 $438,590 
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%303,341 295,604 
(Less: Deferred financing fees)(7,282)(8,773)
Total Notes$1,021,059 $1,011,831 
(1) Inclusive of change in fair market value of effective hedge.
The Company’s summary information of its borrowings were as follows:
 
Three Months Ended
Three Months Ended
Six Months Ended
Six Months Ended
($ in thousands)June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Combined weighted average interest rate(1)
5.251 %5.706 %5.229 %5.666 %
Combined weighted average debt outstanding$1,584,139 $1,432,853 $1,510,052 $1,438,770 
(1) Excludes unused commitment fees and amortization of financing costs. Inclusive of effective interest rate swaps and hedged items.