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Subsequent Events (Details) - Credit Agreement - Subsequent Event $ in Millions | Jul. 31, 2023 USD ($)
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Line of Credit |
Subsequent Event [Line Items] |
Face amount of debt | $ 200
Higher borrowing capacity | $ 400
Percentage of appraised value | 55.00%
Debt term | 3 years
Term of extension options (in years) | 1 year
Interest rate (as a percent) | 7.50%
Debt service coverage, minimum | 1.75
Percentage of outstanding debt amount | 0.20%
Additional basis points to interest rate | 10
Variable rate floor (as a percent) | 0.00%
Debt default basis spread rate | 2.00%
Consolidated leverage ratio, maximum (as a percent) | 0.55
Consolidated fixed charge coverage ratio, at the end of the year | 1.1
Consolidated fixed charge coverage ratio, thereafter | 1.25
Line of Credit | US Treasury (UST) Interest Rate |
Subsequent Event [Line Items] |
Basis spread on variable rate (as a percent) | 2.50%
Line of Credit | Minimum | Secured Overnight Financing Rate (SOFR) |
Subsequent Event [Line Items] |
Basis spread on variable rate (as a percent) | 2.25%
Line of Credit | Maximum | Secured Overnight Financing Rate (SOFR) |
Subsequent Event [Line Items] |
Basis spread on variable rate (as a percent) | 3.00%
Term Loan |
Subsequent Event [Line Items] |
Face amount of debt | $ 150
Revolving Credit Facility | Line of Credit |
Subsequent Event [Line Items] |
Borrowing capacity | 50
Proceeds from debt | $ 46

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