Debt as of September 30, 2023 and December 31, 2022 consisted of the following:
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|
|
|
|
|
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(in thousands) |
|
September 30, 2023 |
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|
December 31, 2022 |
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Outstanding borrowings under the Credit Facility (as defined below)
Term loan payable in quarterly principal installments of $550 through September 2023,
$825 through September 2025 and $1,100 thereafter with balance due upon maturity in
December 2026 |
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|
|
|
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|
Term loan |
|
$ |
39,656 |
|
|
$ |
41,309 |
|
Revolving credit facility |
|
|
92,300 |
|
|
|
61,300 |
|
Total outstanding borrowings under the Credit Facility |
|
|
131,956 |
|
|
|
102,609 |
|
Outstanding borrowings under the joint venture term debt |
|
|
9,132 |
|
|
|
10,083 |
|
Unamortized debt discount |
|
|
(1,089 |
) |
|
|
(1,488 |
) |
Total outstanding borrowings |
|
|
139,999 |
|
|
|
111,204 |
|
Less: current portion |
|
|
(4,726 |
) |
|
|
(3,579 |
) |
Total debt, less current portion |
|
$ |
135,273 |
|
|
$ |
107,625 |
|
|