Credit Facility (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Summary of Key Characteristics of Credit Agreement

The following table provides a summary of the key characteristics of the Credit Agreement, as of September 30, 2024:

Current Balance - Line of Credit (in millions)	$	72.0
Maximum Capacity (in millions)	$	1,445.0
Inception Date	September 16, 2022
Revolving Commitment Termination	September 16, 2025
Extension Option(1)	Yes
ABR Revolving Credit Loans Interest Rate	ABR + Applicable Margin
SOFR Revolving Credit Loans Interest Rate(2)	Adjusted SOFR + Applicable Margin
(1) The Account has two options to extend the Commitment Termination Date for an additional twelve months each. The Account may also request additional funding, not to exceed $55.0 million, at any time prior to the Commitment Termination Date; however, this request is subject to approval at the sole discretion of the lenders and is not guaranteed.
(2) The weighted average interest rate for three and nine months ended September 30, 2024 was 6.244% and 6.288%, respectively.

The following table provides a summary of the key characteristics of the outstanding senior notes payable, as of September 30, 2024:

	Principal (in millions)		Interest Rate	Maturity Date
Series A	$	300.0	3.24%	June 10, 2029
Series B	$	200.0	3.35%	June 10, 2032
Series C	$	400.0	5.50%	May 30, 2027