FAIR VALUE DISCLOSURES (Tables)
|3 Months Ended|
Mar. 31, 2023
|Fair Value Disclosures [Abstract]|
|Schedule of fair value of debt||
The carrying and fair values of the Company’s debt are as follows (in thousands):
(1)As of March 31, 2023 and December 31, 2022, the carrying values were net of unamortized deferred financing fees of $6.9 million and $7.2 million respectively.
(2)The NatWest Debt was entered into in January 2023. Given the close proximity of the reporting date and entry into the financing agreements, and the variable SONIA rate attached to the NatWest Debt, the Company believes the fair value of this debt is materially the same as the carrying amount as of March 31, 2023. As of March 31, 2023, the carrying values of unamortized deferred financing fees related to the NatWest Debt were $9.1 million.
(3)As of December 31, 2022, the carrying values of unamortized discounts related to the Lombard Debt were $7.0 million.
Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.
No definition available.