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Debt (Tables)

9 Months Ended

Sep. 30, 2022


	As of September 30, 2022						As of December 31, 2021
	Total						Total
	Aggregate						Aggregate
	Principal		Principal				Principal		Principal
	Amount		Amount		Carrying		Amount		Amount		Carrying
	Committed		Outstanding		Value ⁽¹⁾		Committed		Outstanding		Value ⁽¹⁾
2018-1 Notes	$	—	$	—	$	—	$	365,700	$	365,700	$	364,178
2019-1 Notes		352,500		352,500		351,066		352,500		352,500		350,969
Revolving Advisor Loan		50,000		—		—		50,000		—		—
2023 Notes		—		—		—		150,000		112,500		111,133
March 2026 Notes		300,000		300,000		296,106		300,000		300,000		295,260
October 2026 Notes		300,000		300,000		294,467		300,000		300,000		293,442
Sumitomo Credit Facility		635,000		418,000		418,000		300,000		—		—
Total Debt	$	1,637,500	$	1,370,500	$	1,359,639	$	1,818,200	$	1,430,700	$	1,414,982

⁽¹⁾	Carrying value represents aggregate principal amount outstanding less unamortized debt issuance costs.

Schedule of contractual maturities of debt obligations


	Payments Due by Period
			Less than						More than
	Total		1 year		1 — 3 years		3 — 5 years		5 years
2019-1 Debt	$	352,500	$	—	$	—	$	—	$	352,500
March 2026 Notes		300,000		—		—		300,000		—
October 2026 Notes		300,000		—		—		300,000		—
Sumitomo Credit Facility		418,000		—		—		418,000		—
Total Debt Obligations	$	1,370,500	$	—	$	—	$	1,018,000	$	352,500

2018-1 Notes

Debt

Schedule of components of interest expense


	For the Three Months Ended September 30,
	2022		2021
Borrowing interest expense	$	—	$	1,997
Amortization of deferred financing costs and upfront commitment fees		—		44
Total interest and debt financing expenses	$	—	$	2,041


	For the Nine Months Ended September 30,
	2022		2021
Borrowing interest expense	$	1,299	$	6,042
Amortization of deferred financing costs and upfront commitment fees		28		130
Total interest and debt financing expenses	$	1,327	$	6,172

2019-1 CLO Reset Notes

Debt

Schedule of outstanding borrowings


2019-1 Debt	Principal Amount		Spread above Index		Interest rate at September 30, 2022
Class A-1-R	$	282,500	1.50	% + 3 Month LIBOR	4.01	%
Class A-2-R		55,000	2.00	% + 3 Month LIBOR	4.51	%
Class B-R		15,000	2.60	% + 3 Month LIBOR	5.11	%
Total 2019-1 Debt		352,500
Membership Interests		102,250	Non-interest bearing		Not applicable
Total	$	454,750

2019-1 Notes

Debt

Schedule of components of interest expense


	For the Three Months Ended September 30,
	2022		2021
Borrowing interest expense	$	3,526	$	2,475
Amortization of deferred financing costs and upfront commitment fees		33		58
Total interest and debt financing expenses	$	3,559	$	2,533


	For the Nine Months Ended September 30,
	2022		2021
Borrowing interest expense	$	7,418	$	7,507
Amortization of deferred financing costs and upfront commitment fees		97		172
Total interest and debt financing expenses	$	7,515	$	7,679

Revolving Advisor Loan

Debt

Schedule of components of interest expense


	For the Three Months Ended September 30,
	2022		2021
Borrowing interest expense	$	—	$	—
Total interest and debt financing expenses	$	—	$	—


	For the Nine Months Ended September 30,
	2022		2021
Borrowing interest expense	$	—	$	—
Total interest and debt financing expenses	$	—	$	—

2023 Notes

Debt

Schedule of components of the carrying value


	September 30,		December 31,
	2022		2021
Principal amount of debt	$	—	$	112,500
Unamortized debt issuance cost		—		(822)
Original issue discount, net of accretion		—		(545)
Carrying value of 2023 Notes	$	—	$	111,133

Schedule of components of interest expense


	For the Three Months Ended September 30,
	2022		2021
Borrowing interest expense	$	1,625	$	2,520
Amortization of debt issuance cost		102		114
Accretion of original issue discount		67		76
Total interest and debt financing expenses	$	1,794	$	2,710


	For the Nine Months Ended September 30,
	2022		2021
Borrowing interest expense	$	6,219	$	8,895
Amortization of debt issuance cost		374		477
Accretion of original issue discount		248		316
Total interest and debt financing expenses	$	6,841	$	9,688

March 2026 Notes

Debt

Schedule of components of the carrying value


	September 30,		December 31,
	2022		2021
Principal amount of debt	$	300,000	$	300,000
Unamortized debt issuance cost		(2,234)		(2,719)
Original issue discount, net of accretion		(1,660)		(2,021)
Carrying value of 2026 Notes	$	296,106	$	295,260

Schedule of components of interest expense



	For the Three Months Ended September 30,
	2022		2021
Borrowing interest expense	$	2,212	$	2,213
Amortization of debt issuance cost		164		163
Accretion of original issue discount		121		122
Total interest and debt financing expenses	$	2,497	$	2,498



	For the Nine Months Ended September 30,
	2022		2021
Borrowing interest expense	$	6,638	$	4,942
Amortization of debt issuance cost		485		362
Accretion of original issue discount		360		270
Total interest and debt financing expenses	$	7,483	$	5,574

October 2026 Notes

Debt

Schedule of components of the carrying value


	September 30,		December 31,
	2022		2021
Principal amount of debt	$	300,000	$	300,000
Unamortized debt issuance cost		(2,949)		(3,495)
Original issue discount, net of accretion		(2,584)		(3,063)
Carrying value of October 2026 Notes	$	294,467	$	293,442

Schedule of components of interest expense


	For the Three Months Ended September 30,
	2022		2021
Borrowing interest expense	$	1,913	$	—
Amortization of debt issuance cost		184		—
Accretion of original issue discount		162		—
Total interest and debt financing expenses	$	2,259	$	—


	For the Nine Months Ended September 30,
	2022		2021
Borrowing interest expense	$	5,738	$	—
Amortization of debt issuance cost		546		—
Accretion of original issue discount		479		—
Total interest and debt financing expenses	$	6,763	$	—

Sumitomo Credit Facility

Debt

Schedule of components of interest expense



	For the Three Months Ended September 30,
	2022		2021
Borrowing interest expense	$	3,952	$	—
Unused facility fee		144		—
Amortization of original issue discount		176		—
Total interest and debt financing expenses	$	4,272	$	—



	For the Nine Months Ended September 30,
	2022		2021
Borrowing interest expense	$	5,156	$	—
Unused facility fee		573		—
Amortization of original issue discount		393		—
Total interest and debt financing expenses	$	6,122	$	—

BCSF Revolving Credit Facility

Debt

Schedule of components of interest expense


	For the Three Months Ended September 30,
	2022		2021
Borrowing interest expense	$	—	$	—
Unused facility fee		—		—
Amortization of deferred financing costs and upfront commitment fees		—		—
Total interest and debt financing expenses	$	—	$	—


	For the Nine Months Ended September 30,
	2022		2021
Borrowing interest expense	$	—	$	509
Unused facility fee		—		118
Amortization of deferred financing costs and upfront commitment fees		—		—
Total interest and debt financing expenses	$	—	$	627

JPM credit facility

Debt

Schedule of components of interest expense


	For the Three Months Ended September 30,
	2022		2021
Borrowing interest expense	$	—	$	1,558
Unused facility fee		—		860
Amortization of deferred financing costs and upfront commitment fees		—		65
Total interest and debt financing expenses	$	—	$	2,483


	For the Nine Months Ended September 30,
	2022		2021
Borrowing interest expense	$	—	$	3,977
Unused facility fee		—		3,204
Amortization of deferred financing costs and upfront commitment fees		—		194
Total interest and debt financing expenses	$	—	$	7,375