LONG-TERM DEBT AND OTHER BORROWINGS, NET (Tables)

12 Months Ended

Dec. 31, 2024

The table below sets forth a summary of the Company’s outstanding long-term debt as of December 31, 2024 and December 31, 2023:


	December 31,
(in thousands)	2024		2023
Term Loan - WhiteHorse	$	183,150	$	185,000
Backstop Notes	120,000		120,000
Other borrowings	—		561
Total	$	303,150	$	305,561
Less: current portion of long-term debt	(1,850)		(2,411)
Less: debt issuance costs, net of accumulated amortization of $1.4 million and $0.8 million, respectively	(2,349)		(2,911)
Less: original issue discount on Term Loan - WhiteHorse	(3,290)		(4,130)
Total Long-term debt and other borrowings, net	$	295,661	$	296,109

Schedule of Maturities of Long-term Debt

The table below sets forth the future principal repayments on all long-term debt as of December 31, 2024:


(in thousands)	Principal Repayment
2025	$	1,850
2026	1,850
2027	1,850
2028	297,600
Total	$	303,150

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details