| Schedule of long-term debt |
Long-term debt consists of the following (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of: | | | March 31, 2025 | | December 31, 2024 | | | Principal
Amount | | Unamortized Premium (Discount) and Deferred Financing Costs | | Carrying
Value | | Principal
Amount | | Unamortized Premium (Discount) and Deferred Financing Costs | | Carrying
Value | | 2024 Debt Repayment | $ | 221,625 | | | $ | 105,616 | | | $ | 327,241 | | | $ | 221,625 | | | $ | 107,176 | | | $ | 328,801 | | | 2023 Funding Agreement | 155,000 | | | (10,249) | | | 144,751 | | | 155,000 | | | (11,031) | | | 143,969 | | | 2021 Funding Agreement | 32,200 | | | (1,443) | | | 30,757 | | | 40,850 | | | (2,198) | | | 38,652 | | | Total debt | $ | 408,825 | | | $ | 93,924 | | | $ | 502,749 | | | $ | 417,475 | | | $ | 93,947 | | | $ | 511,422 | | | Less: current portion | 32,200 | | | (1,443) | | | 30,757 | | | 34,600 | | | — | | | 34,600 | | | Long-term debt | $ | 376,625 | | | $ | 95,367 | | | $ | 471,992 | | | $ | 382,875 | | | $ | 93,947 | | | $ | 476,822 | |
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