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Borrowings (Tables)

3 Months Ended

Mar. 31, 2026

Borrowings [Abstract]

Schedule of Unsecured Notes

The following are the Company’s outstanding principal amounts, carrying values and fair values of the Company’s borrowings as of March 31, 2026 and December 31, 2025.

($ in millions)		As of
		March 31, 2026									December 31, 2025
		Principal Amount			Carrying Value(1)			Fair Value			Principal Amount			Carrying Value(1)			Fair Value
5.50% Unsecured Notes		$	80.5		$	79.6		$	76.5		$	80.5		$	79.5		$	77.8
7.75% Unsecured Notes			74.8			72.3			74.8			74.8			72.1			76.2
Total(2)		$	155.3		$	151.9		$	151.2		$	155.3		$	151.6		$	154.0

(1) The Carrying Value represents the aggregate principal amount outstanding less the unamortized deferred issuance costs. As of March 31, 2026, the total unamortized deferred issuance costs for the 5.50% Unsecured Notes and 7.75% Unsecured Notes were approximately $0.9 million and $2.5 million, respectively. As of December 31, 2025, the total unamortized deferred issuance costs for the 5.50% Unsecured Notes and 7.75% Unsecured Notes were approximately $1.0 million, and $2.6 million, respectively.

(2) Totals may not sum due to rounding.

Schedule of Components of Interest Expense

The tables below summarize the components of interest expense for the three months ended March 31, 2026 and March 31, 2025, respectively:

($ in thousands)		Three Months Ended March 31, 2026
($ in thousands)		Stated Interest Expense			Amortization of Deferred Debt Issuance Costs			Total
5.50% Unsecured Notes		$	1,106.9		$	95.1		$	1,202.0
7.75% Unsecured Notes			1,448.3			141.0			1,589.3
Total		$	2,555.2		$	236.1		$	2,791.3

($ in thousands)		Three Months Ended March 31, 2025
($ in thousands)		Stated Interest Expense			Amortization of Deferred Debt Issuance Costs			Total(1)
6.25% Unsecured Notes		$	699.9		$	57.5		$	757.4
5.50% Unsecured Notes			1,106.9			95.1			1,202.0
Total(1)		$	1,806.8		$	152.6		$	1,959.3

(1) Totals may not sum due to rounding.