v3.25.1
DEBT (Tables)
3 Months Ended
Mar. 31, 2025
DEBT [Abstract]  
Summary of Outstanding Debt

The following is a summary of the Company’s outstanding debt (in thousands):

 

 

As of

 

 

March 31,

 

 

December 31,

 

 

2025

 

 

2024

 

First Lien Term Loan (due November 2031)

 

$

2,743,125

 

 

$

2,750,000

 

Secured Commercial Loans

 

 

29,867

 

 

 

30,267

 

Notes payable

 

 

2,902

 

 

 

4,800

 

Total principal

 

 

2,775,894

 

 

 

2,785,067

 

Unamortized discount

 

 

(8,115

)

 

 

(10,154

)

Unamortized debt issuance cost

 

 

(12,252

)

 

 

(12,631

)

Total debt

 

 

2,755,526

 

 

 

2,762,282

 

Less: Current portion of long-term debt

 

 

(27,010

)

 

 

(26,977

)

Total long-term debt

 

$

2,728,516

 

 

$

2,735,305