XML 60 R54.htm IDEA: XBRL DOCUMENT v3.25.3
Debt - Additional Information (Details) - USD ($)
3 Months Ended 9 Months Ended
Apr. 10, 2025
Feb. 18, 2025
Dec. 03, 2024
May 31, 2024
May 09, 2023
Mar. 09, 2023
Feb. 17, 2021
Mar. 28, 2016
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Apr. 09, 2025
Dec. 31, 2024
Dec. 02, 2024
May 05, 2021
Debt Instrument [Line Items]                                
Weighted average interest rate                     6.52% 7.23%        
Weighted average debt outstanding                 $ 883,927,000 $ 897,987,000 $ 894,994,000 $ 878,918,000        
Aggregate Principal Amount Committed                 1,121,600,000   1,121,600,000     $ 1,221,600,000    
Line of Credit Facility, Increased Interest Rate     0.125%                          
Deferred financing costs, net                 6,448,000   6,448,000     8,214,000    
Series 2024A Unsecured Notes - 2028                                
Debt Instrument [Line Items]                                
Aggregate Principal Amount Committed [1]                 35,000,000   35,000,000     35,000,000    
Deferred financing costs, net                 258,000   258,000     0    
Debt instrument, aggregate principal amount   $ 35,000,000                            
Debt instrument, interest rate   6.77%                            
Debt instrument, maturity date   Feb. 18, 2028                            
Series 2024A Unsecured Notes - 2030                                
Debt Instrument [Line Items]                                
Aggregate Principal Amount Committed [2]                 80,000,000   80,000,000     80,000,000    
Deferred financing costs, net                 650,000   650,000     0    
Debt instrument, aggregate principal amount   $ 80,000,000                            
Debt instrument, interest rate   6.90%                            
Debt instrument, maturity date   Feb. 18, 2030                            
Series 2024A Unsecured Notes - 2028 and 2030                                
Debt Instrument [Line Items]                                
Debt instrument, aggregate principal amount   $ 115,000,000                            
Series 2021A Unsecured Notes                                
Debt Instrument [Line Items]                                
Aggregate Principal Amount Committed [3]                 135,000,000   135,000,000     135,000,000    
Deferred financing costs, net                 109,000   $ 109,000     323,000    
Debt instrument, aggregate principal amount             $ 135,000,000                  
Debt instrument, offering date             Feb. 17, 2021                  
Debt instrument, interest rate             4.00%                  
Debt instrument, maturity date             Feb. 17, 2026                  
Debt instrument, redemption, description                     The Series 2021A Unsecured Notes will mature on February 17, 2026 and may be redeemed in whole or in part, at the Company’s option, at any time or from time to time at par plus a “make-whole” premium, if applicable          
Series 2021A Unsecured Notes, Closed on February 17, 2021                                
Debt Instrument [Line Items]                                
Debt instrument, aggregate principal amount             $ 50,000,000                  
Series 2021A Unsecured Notes, Closed on May 5, 2021                                
Debt Instrument [Line Items]                                
Debt instrument, aggregate principal amount                               $ 85,000,000
FCRX Unsecured Notes                                
Debt Instrument [Line Items]                                
Aggregate Principal Amount Committed [4]                 111,600,000   $ 111,600,000     111,600,000    
Debt instrument, aggregate principal amount           $ 111,600,000                    
Percentage of redemption price of outstanding principal amount           100.00%                    
Debt instrument, interest rate           5.00%                    
Debt instrument, maturity date           May 25, 2026                    
Debt instrument, redemption, description                     The FCRX Unsecured Notes mature on May 25, 2026 and may be redeemed in whole or in part at any time or from time to time at the Company’s option, at a redemption price of 100% of the outstanding principal amount thereof plus accrued and unpaid interest payments otherwise payable for the then-current quarterly interest period accrued to but not including the date fixed for redemption          
Series 2023A Unsecured Notes                                
Debt Instrument [Line Items]                                
Aggregate Principal Amount Committed [5]                 50,000,000   $ 50,000,000     50,000,000    
Deferred financing costs, net                 62,000   $ 62,000     118,000    
Debt instrument, aggregate principal amount         $ 50,000,000                      
Debt instrument, offering date         May 09, 2023                      
Debt instrument, interest rate         7.54%                      
Debt instrument, maturity date         Jul. 28, 2026                      
Debt instrument, redemption, description                     The Series 2023A Unsecured Notes will mature on July 28, 2026 and may be redeemed in whole or in part, at the Company’s option, at any time or from time to time at par plus a “make-whole” premium, if applicable.          
SPV Asset Facility                                
Debt Instrument [Line Items]                                
Aggregate Principal Amount Committed $ 400,000,000             $ 400,000,000 400,000,000   $ 400,000,000   $ 500,000 500,000,000    
Line of credit facility, maturity date, description                     The maturity date is the earlier of (a) the date the Borrower voluntarily reduces the commitments to zero, (b) May 31, 2029 and (c) the date upon which Wells Fargo declares the obligations due and payable after the occurrence of an Event of Default          
Line of credit facility, interest rate description                     plus a 1.95% margin with no floor          
Unused facility fees               0.50%                
Line of credit facility, covenant compliance                     The SPV Asset Facility includes customary covenants, including certain limitations on the incurrence of additional indebtedness and liens, as well as usual and customary events of default for revolving credit facilities of this nature. The facility size is subject to availability under the borrowing base, which is based on the amount of CCAP SPV’s assets from time to time, and satisfaction of certain conditions, including certain concentration limits          
Deferred financing costs, net                 3,453,000   $ 3,453,000     5,262,000    
Extended maturity date       May 31, 2029                        
Extended reinvestment period       May 31, 2027                        
SMBC Corporate Revolving Facility                                
Debt Instrument [Line Items]                                
Aggregate Principal Amount Committed     $ 310,000,000           310,000,000   $ 310,000,000     310,000,000 $ 350,000,000  
Line of credit facility, interest rate description                     adjusted SOFR plus 2.000% or 2.125%          
Unused facility fees     0.375%                          
Deferred financing costs, net                 $ 1,917,000   $ 1,917,000     $ 2,511,000    
Line of credit facility, maturity date     Dec. 03, 2029                          
SMBC Corporate Revolving Facility | Revolving Commitment                                
Debt Instrument [Line Items]                                
Aggregate Principal Amount Committed     $ 285,000,000                          
Line of credit facility, maturity date     Dec. 01, 2028                          
SMBC Corporate Revolving Facility | Term Loan                                
Debt Instrument [Line Items]                                
Aggregate Principal Amount Committed     $ 25,000,000                          
Minimum | SPV Asset Facility                                
Debt Instrument [Line Items]                                
Interest Rate, Floor 2.45%     2.75%                        
Minimum | SMBC Corporate Revolving Facility | LIBOR                                
Debt Instrument [Line Items]                                
Interest Rate, Floor     2.00%                          
Maximum | SPV Asset Facility                                
Debt Instrument [Line Items]                                
Interest Rate, Floor 1.95%     2.45%                        
Maximum | SMBC Corporate Revolving Facility | SOFR                                
Debt Instrument [Line Items]                                
Interest Rate, Floor     2.125%                          
[1] As of September 30, 2025, the fair value of the Series 2024A Unsecured Notes -2028 was approximately $35,114.
[2] As of September 30, 2025, the fair value of the Series 2024A Unsecured Notes -2030 was approximately $80,829.
[3] As of September 30, 2025 and December 31, 2024, the fair value of the Series 2021A Unsecured Notes was approximately $133,521 and $133,280, respectively.
[4] As of September 30, 2025 and December 31, 2024, the fair value of the FCRX Unsecured Notes was approximately $111,645 and $109,680.
[5] As of September 30, 2025 and December 31, 2024, the fair value of the Series 2023A Unsecured Notes was approximately $50,300 and $52,027.