v3.25.1
NEW CREDIT AGREEMENT (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of carrying value of the current and non-current components of the term loan
The carrying value of the current and non-current components of the New Credit Facility as of March 31, 2025 and December 31, 2024 are:
Current
(in thousands)March 31,
2025		December 31,
2024
Current borrowing on debt$12,188 $10,156 
Deferred financing costs(995)(984)
Current debt, net of deferred financing costs$11,193 $9,172 
Non-Current
(in thousands)March 31,
2025		December 31,
2024
Non-current borrowing on debt$308,750 $312,813 
Deferred financing costs(3,456)(3,705)
Non-current debt, net of deferred financing costs and current component$305,294 $309,108 
Schedule of contractual maturity of term loan and DDTL
The contractual maturity of the Term Loan A is as follows for the period ending:
(in thousands)New Credit Facility
2025 (remainder of the year)$8,125 
202618,281 
202724,375 
202824,375 
2029245,782 
Total$320,938 
Schedule of components of total interest expense related to the notes and term loan
The following table sets forth the total interest expense related to the Credit Facility, as recognized in the accompanying unaudited condensed consolidated statements of operations for the three months ended March 31, 2025 and 2024:
Three Months Ended March 31,
(in thousands)20252024
Contractual coupon$— $6,913 
Amortization of deferred financing costs— 591 
Capitalized interest— (112)
$— $7,392 
The following table sets forth the components of total interest expense, net recognized in the accompanying unaudited condensed consolidated statements of operations for the three months ended March 31, 2025 and 2024:
Three Months Ended March 31,
(in thousands)20252024
Contractual coupon interest expense, Truist$—$(8,511)
Contractual coupon interest expense, Term Loan A(5,529)—
Contractual coupon interest expense, Convertible Notes(1,759)—
Amortization of deferred financing costs(819)(591)
Interest expense(8,107)(9,102)
Capitalized interest related to Construction in Progress65112
Interest and dividend income on bank balances1,3202,791
Interest income on interest rate swap1,2381,599
Interest income2,6234,502
Interest expense, net$(5,484)$(4,600)