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BORROWINGS (Tables)
9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Borrowings Outstanding
The Company had the following borrowings outstanding as of September 30, 2025 and December 31, 2024: 
Issuance Date
($ in thousands)
Maturity Date
Interest Rate as of September 30, 2025
September 30, 2025December 31, 2024
Credit Facility:
February 21, 2019 November 5, 20294.143%$353,981 $438,590 
Total Credit Facility$353,981 $438,590 
Notes:
September 24, 2020 - August 2025 NotesAugust 4, 2025—%$— $25,000 
September 29, 2020 - August 2025 NotesAugust 4, 2025—%— 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%303,874 295,604 
September 15, 2025 - September 2028 Notes (1)September 15, 20285.200%298,360 — 
(Less: Deferred financing fees)(11,684)(8,773)
Total Notes$1,265,550 $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
Nine Months Ended
Nine Months Ended
($ in thousands)September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Combined weighted average interest rate(1)
5.096 %5.544 %5.184 %5.625 %
Combined weighted average debt outstanding$1,586,610 $1,345,723 $1,535,852 $1,407,528 
(1) Excludes unused commitment fees and amortization of financing costs. Inclusive of effective interest rate swaps and hedged items.