v3.25.2
Debt (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt

At June 30, 2025 and December 31, 2024, debt consisted of:

 

 

June 30, 2025

 

 

December 31, 2024

 

 

 

Average
Interest Rate

 

Outstanding
Balance

 

 

Average
Interest Rate

 

Outstanding
Balance

 

Term Loan

 

 

 

$

200,250

 

 

 

 

$

200,250

 

Delayed-Draw Term Loan

 

 

 

 

154,000

 

 

 

 

 

156,750

 

Revolving Credit

 

 

 

 

110,000

 

 

 

 

 

57,225

 

 Total before debt issuance costs

 

5.7%

 

 

464,250

 

 

6.6%

 

 

414,225

 

 Unamortized debt issuance costs

 

 

 

 

(1,931

)

 

 

 

 

(2,482

)

Total

 

 

 

$

462,319

 

 

 

 

$

411,743

 

 

 

 

June 30, 2025

 

 

December 31, 2024

 

Current portion of long-term debt

 

$

 

 

$

 

Long-term debt - non-current

 

 

462,319

 

 

 

411,743

 

Total

 

$

462,319

 

 

$

411,743

 

Schedule of Future Scheduled Repayments of Debt Principal

Future scheduled repayments of debt principal are as follows:

Payments due by

 

Term Loan

 

 

Delayed-Draw Term Loan

 

 

Revolving Credit

 

 

Total

 

June 30, 2026

 

$

 

 

$

 

 

$

 

 

$

 

May 6, 2027 (Maturity)

 

 

200,250

 

 

 

154,000

 

 

 

110,000

 

 

 

464,250

 

 Total

 

$

200,250

 

 

$

154,000

 

 

$

110,000

 

 

$

464,250