Long-term Debt, Net (Tables)

3 Months Ended

Mar. 31, 2025

Debt Instruments [Abstract]

Schedule of long term debt

The Company’s long-term debt, net consists of the following (in thousands):


	March 31, 2025				December 31, 2024
Term Loan Facility	$	157,304			$	163,555
Experience Vessel Financing		108,281				111,375
2017 Bank Loans		61,709				63,695
EE Revolver		—				—
Total debt		327,294				338,625
Less unamortized debt issuance costs		(4,663	)			(5,072	)
Total debt, net		322,631				333,553
Less current portion, net		(46,993	)			(46,793	)
Total long-term debt, net	$	275,638			$	286,760

Schedule of variable rate debt obligation

The following table shows the range of interest rates and weighted average interest rates incurred on the Company’s variable-rate debt obligations during the three months ended March 31, 2025.


	For the three months ended March 31, 2025
	Range		Weighted Average
Term Loan Facility (1)	7.2% – 7.4%		7.3%
Experience Vessel Financing	7.5% – 7.8%		7.7%
2017 Bank Loans (2)	7.3% – 9.4%		8.6%
EE Revolver	N/A		N/A

(1)

Weighted average interest rate, net of the impact of settled derivatives, was 6.8% for the three months ended March 31, 2025.

(2)

Weighted average interest rate, net of the impact of settled derivatives, was 7.1% for the three months ended March 31, 2025.