XML 71 R58.htm IDEA: XBRL DOCUMENT v3.25.2
Financing Arrangements - Schedule of Credit Facility (Details) - USD ($)
$ in Thousands
3 Months Ended 5 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Dec. 31, 2024
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Debt Instrument [Line Items]                
Amortization of deferred financing costs $ 1,864     $ 1,255   $ 3,663 $ 2,509 $ 5,593
JPM Credit Facility                
Debt Instrument [Line Items]                
Stated interest expense 5,774     11,824   11,947 23,781 42,934
Amortization of deferred financing costs 508     496   1,009 990 2,013
Non-usage fee 205     316   368 632 1,211
Total interest expense $ 6,487     $ 12,636   $ 13,324 $ 25,403 $ 46,158
Weighted average interest rate 7.32%     8.77%   7.35% 8.78% 8.47%
Average borrowings $ 325,000     $ 550,000   $ 333,066 $ 550,000 $ 513,866
2029 Notes                
Debt Instrument [Line Items]                
Stated interest expense 3,235 $ 3,163       6,469    
Amortization of deferred financing costs 204 210       397    
Total interest expense $ 3,439 $ 3,373       $ 6,866    
Weighted average interest rate 7.50% 7.50%       7.50%    
Average borrowings $ 172,500 $ 172,500       $ 172,500    
2026 Notes                
Debt Instrument [Line Items]                
Stated interest expense 1,406     1,406   2,812 2,812 5,625
Amortization of deferred financing costs 133     133   264 266 535
Total interest expense $ 1,539     $ 1,539   $ 3,076 $ 3,078 $ 6,160
Weighted average interest rate 4.50%     4.50%   4.50% 4.50% 4.50%
Average borrowings $ 125,000     $ 125,000   $ 125,000 $ 125,000 $ 125,000
UBS Facility                
Debt Instrument [Line Items]                
Stated interest expense 0     2,155   919 4,774 8,974
Non-usage fee 0     95   45 149 341
Total interest expense $ 0     $ 2,250   $ 964 $ 4,923 $ 9,315
Weighted average interest rate 0.00%     8.90%   8.07% 8.80% 8.70%
Average borrowings $ 0     $ 100,000   $ 12,757 $ 110,632 $ 105,287
2025 UBS Credit Facility                
Debt Instrument [Line Items]                
Stated interest expense 1,782       $ 2,705      
Amortization of deferred financing costs 100       151      
Non-usage fee 48       72      
Total interest expense $ 1,930       $ 2,928      
Weighted average interest rate 7.24%       7.24%      
Average borrowings $ 100,000       $ 100,000      
Series A Notes                
Debt Instrument [Line Items]                
Stated interest expense 2,452     2,671   4,753 5,313 10,378
Amortization of deferred financing costs 397     398   790 795 1,598
Total interest expense $ 2,849     $ 3,069   $ 5,543 $ 6,108 $ 11,976
Weighted average interest rate 8.44%     9.13%   8.23% 9.12% 8.91%
Average borrowings $ 114,844     $ 114,844   $ 114,844 $ 114,844 $ 114,844
Tranche B 2027 Notes                
Debt Instrument [Line Items]                
Stated interest expense 4,273     2,544   8,697 5,088 12,453
Amortization of deferred financing costs 405     106   805 213 772
Total interest expense $ 4,678     $ 2,650   $ 9,502 $ 5,301 $ 13,225
Weighted average interest rate 8.65%     10.07%   8.70% 10.07% 9.68%
Average borrowings $ 200,000     $ 100,000   $ 200,000 $ 100,000 $ 128,689
2022 Term Loan                
Debt Instrument [Line Items]                
Stated interest expense 985     1,112   1,964 2,228 4,391
Amortization of deferred financing costs 52     51   102 102 205
Total interest expense $ 1,037     $ 1,163   $ 2,066 $ 2,330 $ 4,596
Weighted average interest rate 7.80%     8.80%   7.81% 8.81% 8.64%
Average borrowings $ 50     $ 50   $ 50 $ 50 $ 50
2021 Term Loan                
Debt Instrument [Line Items]                
Stated interest expense 0     395   0 789 1,157
Amortization of deferred financing costs 0     71   0 143 209
Total interest expense $ 0     $ 466   $ 0 $ 932 $ 1,366
Weighted average interest rate 0.00%     5.20%   0.00% 5.20% 5.20%
Average borrowings $ 0     $ 30   $ 0 $ 30 $ 21,885
2024 Term Loan                
Debt Instrument [Line Items]                
Stated interest expense 614   $ 651     1,224    
Amortization of deferred financing costs 64   50     142    
Total interest expense $ 678   $ 701     $ 1,366    
Weighted average interest rate 8.10%   8.40%     8.11%    
Average borrowings $ 30   $ 30     $ 30