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v3.25.1

Financing Arrangements - Schedule of Credit Facility (Details) - USD ($) $ in Thousands | 2 Months Ended | 3 Months Ended | 12 Months Ended
--- | --- | --- | ---
Mar. 31, 2025 | Mar. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2024 | Mar. 31, 2024 | Dec. 31, 2024
Debt Instrument [Line Items] |  |  |  |  |  |
Amortization of deferred financing costs |  | $ 1,799 |  |  | $ 1,254 | $ 5,593
JPM Credit Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Stated interest expense |  | 6,173 |  |  | 11,957 | 42,934
Amortization of deferred financing costs |  | 501 |  |  | 494 | 2,013
Non-usage fee |  | 163 |  |  | 316 | 1,211
Total interest expense |  | $ 6,837 |  |  | $ 12,767 | $ 46,158
Weighted average interest rate |  | 7.38% |  |  | 8.79% | 8.47%
Average borrowings |  | $ 341,222 |  |  | $ 550,000 | $ 513,866
2029 Notes |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Stated interest expense |  | 3,234 |  | $ 3,163 |  |
Amortization of deferred financing costs |  | 193 |  | 210 |  |
Total interest expense |  | $ 3,427 |  | $ 3,373 |  |
Weighted average interest rate |  | 7.50% |  | 7.50% |  |
Average borrowings |  | $ 172,500 |  | $ 172,500 |  |
2026 Notes |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Stated interest expense |  | 1,406 |  |  | 1,406 | 5,625
Amortization of deferred financing costs |  | 131 |  |  | 133 | 535
Total interest expense |  | $ 1,537 |  |  | $ 1,539 | $ 6,160
Weighted average interest rate |  | 4.50% |  |  | 4.50% | 4.50%
Average borrowings |  | $ 125,000 |  |  | $ 125,000 | $ 125,000
UBS Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Stated interest expense |  | 919 |  |  | 2,619 | 8,974
Non-usage fee |  | 45 |  |  | 54 | 341
Total interest expense |  | $ 964 |  |  | $ 2,673 | $ 9,315
Weighted average interest rate |  | 8.07% |  |  | 8.72% | 8.70%
Average borrowings |  | $ 47,778 |  |  | $ 121,264 | $ 105,287
2025 UBS Credit Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Stated interest expense | $ 923 |  |  |  |  |
Amortization of deferred financing costs | 51 |  |  |  |  |
Non-usage fee | 24 |  |  |  |  |
Total interest expense | $ 998 |  |  |  |  |
Weighted average interest rate | 7.25% |  |  |  |  |
Average borrowings | $ 100,000 |  |  |  |  |
Series A Notes |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Stated interest expense |  | 2,301 |  |  | 2,642 | 10,378
Amortization of deferred financing costs |  | 393 |  |  | 397 | 1,598
Total interest expense |  | $ 2,694 |  |  | $ 3,039 | $ 11,976
Weighted average interest rate |  | 8.02% |  |  | 9.10% | 8.91%
Average borrowings |  | $ 114,844 |  |  | $ 114,844 | $ 114,844
Tranche B 2027 Notes |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Stated interest expense |  | 4,424 |  |  | 2,544 | 12,453
Amortization of deferred financing costs |  | 400 |  |  | 107 | 772
Total interest expense |  | $ 4,824 |  |  | $ 2,651 | $ 13,225
Weighted average interest rate |  | 8.85% |  |  | 10.06% | 9.68%
Average borrowings |  | $ 200,000 |  |  | $ 100,000 | $ 128,689
2022 Term Loan |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Stated interest expense |  | 979 |  |  | 1,116 | 4,391
Amortization of deferred financing costs |  | 50 |  |  | 51 | 205
Total interest expense |  | $ 1,029 |  |  | $ 1,167 | $ 4,596
Weighted average interest rate |  | 7.83% |  |  | 8.83% | 8.64%
Average borrowings |  | $ 50 |  |  | $ 50 | $ 50
2021 Term Loan |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Stated interest expense |  | 0 |  |  | 394 | 1,157
Amortization of deferred financing costs |  | 0 |  |  | 72 | 209
Total interest expense |  | $ 0 |  |  | $ 466 | $ 1,366
Weighted average interest rate |  | 0.00% |  |  | 5.20% | 5.20%
Average borrowings |  | $ 0 |  |  | $ 30 | $ 21,885
2024 Term Loan |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Stated interest expense |  | 610 | $ 651 |  |  |
Amortization of deferred financing costs |  | 78 | 50 |  |  |
Total interest expense |  | $ 688 | $ 701 |  |  |
Weighted average interest rate |  | 8.13% | 8.40% |  |  |
Average borrowings |  | $ 30 | $ 30 |  |  |

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