XML 58 R38.htm IDEA: XBRL DOCUMENT v3.22.0.1
Senior Secured Notes, Net (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Senior Secured Notes, Net The following table details our secured debt ($ in thousands):
 
Secured Debt
Borrowings Outstanding
 December 31, 2021December 31, 2020
Secured credit facilities$12,299,580 $7,896,863 
Acquisition facility——
Total secured debt$12,299,580 $7,896,863 
Deferred financing costs(1)
(19,538)(16,327)
Net book value of secured debt$12,280,042 $7,880,536 
(1)Costs incurred in connection with our secured debt are recorded on our consolidated balance sheet when incurred and recognized as a component of interest expense over the life of each related facility.
As of December 31, 2021, the following Senior Secured Notes, were outstanding ($ in thousands):
Senior Secured NotesFace ValueInterest Rate
All-in Cost(1)
Maturity
Senior Secured Notes$400,000 3.75 %4.04 %January 15, 2027
(1)Includes transaction expenses that are amortized through interest expense over the life of the Senior Secured Notes.
The following table details the net book value of our Senior Secured Notes on our consolidated balance sheets ($ in thousands):
 December 31, 2021December 31, 2020
Face value$400,000 $— 
Deferred financing costs(5,990)—
Net book value$394,010 $—