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Borrowings (Tables)
6 Months Ended
Jun. 30, 2023
Borrowings [Abstract]  
Schedule of debt obligations credit facility Debt obligations under the BoA Credit Facility consisted of the following as of June 30, 2023
   June 30, 2023 
   Aggregate
Principal
Committed
   Outstanding
Principal
   Amount
Available(1)
   Net
Carrying
Value(2)
 
BoA Credit Facility  $725,000,000   $490,000,000   $235,000,000   $491,619,131 
Total debt  $725,000,000   $490,000,000   $235,000,000   $491,619,131 
(1)The amount available reflects any limitations related to the BoA Credit Facility’s borrowing base.
(2)The carrying value of the BoA Credit Facility is presented net of deferred financing costs of $1.063 million and accrued interest of $2.683 million.
   December 31, 2022 
   Aggregate
Principal
Committed
   Outstanding
Principal
    Amount
 Available(1)
   Net
Carrying
Value(2)
 
BoA Credit Facility  $725,000,000   $514,500,000   $210,500,000   $513,726,164 
Total debt  $725,000,000   $514,500,000   $210,500,000   $513,726,164 
(1) The amount available reflects any limitations related to the BoA Credit Facility’s borrowing base.
(2) The carrying value of the BoA Credit Facility is presented net of deferred financing costs of $1.358 million and accrued interest of $584 thousand.

 

   June 30, 2023 
   Aggregate
Principal
Committed
   Outstanding
Principal
    Amount
 Available(1)
   Net
Carrying
Value(2)
 
WF Credit Facility  $150,000,000   $134,250,000   $15,750,000   $135,746,351 
Total debt  $150,000,000   $134,250,000   $15,750,000   $135,746,351 
(1)The amount available reflects any limitations related to the WF Credit Facility’s borrowing base.
(2)The carrying value of the WF Credit Facility is presented net of deferred financing costs of $872 thousand and accrued interest of $2.368 million.
   December 31, 2022 
   Aggregate
Principal
Committed
   Outstanding
Principal
    Amount
 Available(1)
   Net
Carrying
Value(2)
 
WF Credit Facility  $150,000,000   $126,750,000   $23,250,000   $127,583,253 
Total debt  $150,000,000   $126,750,000   $23,250,000   $127,583,253 
(1)The amount available reflects any limitations related to the WF Credit Facility’s borrowing base.
(2)The carrying value of the WF Credit Facility is presented net of deferred financing costs of $1.047 million and accrued interest of $1.880 million.
Schedule of interest expense For the three and six months ended June 30, 2023 and June 30, 2022, the components of interest expense with respect to the BoA Credit Facility were as follows
   For the Three Months Ended
June 30
   For the Six Months Ended
June 30
 
   2023   2022   2023   2022 
                 
Interest expense  $8,257,485   $3,140,658   $16,110,649   $5,384,937 
Amortization of debt issuance costs   161,353    158,398    319,296    315,055 
Total interest expense  $8,418,838   $3,299,056   $16,429,945   $5,699,992 
Average interest rate   6.40%   2.06%   6.14%   1.76%
   For the Three Months Ended
June 30
   For the Six Months Ended
June 30
 
   2023   2022   2023   2022 
                 
Interest expense  $2,368,060   $1,041,192   $4,592,062   $1,704,248 
Amortization of debt issuance costs   87,986    87,986    175,006    175,006 
Total interest expense  $2,456,046   $1,129,178   $4,767,068   $1,879,254 
Average interest rate   7.15%   3.07    6.92%   2.70%