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DEBT (Tables)
3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
The Company’s debt obligations were as follows.
March 31, 2024December 31, 2023
Aggregate Principal CommittedOutstanding PrincipalUnused PortionAggregate Principal CommittedOutstanding PrincipalUnused Portion
BNP Funding Facility$600,000 $300,000 $300,000 $600,000 $282,000 $318,000 
Truist Credit Facility(1)
1,120,000 492,257 623,745 1,120,000 520,263 599,484 
2027 Notes(2)
425,000 425,000 — 425,000 425,000 — 
2025 Notes(2)
275,000 275,000 — 275,000 275,000 — 
Total$2,420,000 $1,492,257 $923,745 $2,420,000 $1,502,263 $917,484 
(1)As of March 31, 2024 and December 31, 2023, a letter of credit of $3,998 and $253, respectively, was outstanding, which reduced the unused availability under the Truist Credit Facility by the same amount. Under the Truist Credit Facility, the Company may borrow in U.S. dollars or certain other permitted currencies. As of March 31, 2024 and December 31, 2023, the Company had borrowings denominated in Euros (EUR) of 238 and 238, respectively.
(2)As of March 31, 2024, the carrying value of the Company’s 2027 Notes and 2025 Notes were presented on the Consolidated Statements of Assets and Liabilities net of unamortized debt issuance costs of $3,219 and $1,763, and unamortized original issuance discount of $614 and $0, respectively. As of December 31, 2023, the carrying value of the Company’s 2027 Notes and 2025 Notes were presented on the Consolidated Statements of Assets and Liabilities net of unamortized debt issuance costs of $3,499 and $2,065, and unamortized original issuance discount of $667 and $0, respectively.
The summary information of the BNP Funding Facility is as follows:
For the Three Months Ended
 March 31, 2024March 31, 2023
Borrowing interest expense$6,149 $6,903 
Facility unused commitment fees314 100 
Amortization of deferred financing costs413 260 
Total$6,876 $7,263 
Weighted average interest rate8.19 %6.90 %
Weighted average outstanding balance$297,165 $400,000 
The summary information of the Truist Credit Facility is as follows:
For the Three Months Ended
 March 31, 2024March 31, 2023
Borrowing interest expense$8,628 $7,822 
Facility unused commitment fees635 543 
Amortization of deferred financing costs513 439 
Total$9,776 $8,804 
Weighted average interest rate7.33 %6.45 %
Weighted average outstanding balance$465,631 $484,809 
The summary information of 2027 Notes is as follows:
For the Three Months Ended
 March 31, 2024March 31, 2023
Borrowing interest expense$4,781 $4,781 
Accretion of original issuance discount54 53 
Amortization of debt issuance costs280 276 
Total$5,115 $5,110 
Stated interest rate4.50 %4.50 %
The summary information of 2025 Notes is as follows:
For the Three Months Ended
 March 31, 2024March 31, 2023
Borrowing interest expense$5,191 $5,191 
Amortization of debt issuance costs302 299 
Total$5,493 $5,490 
Stated interest rate7.55 %7.55 %