v3.25.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Outstanding Debt The following table is a summary of the Company’s outstanding debt:
June 30, 2025
December 31, 2024
Term debt
7-year term loan facility, periodic interest and quarterly principal
payments, Adjusted Term SOFR + 2.25%, matures September 13, 2031
$1,666,100
$1,672,532
Senior secured notes
8-year senior secured notes, semi-annual interest payments, 4.38%,
mature February 1, 2030
402,171
401,676
8-year senior secured notes, semi-annual interest payments, 5.88%,
mature August 1, 2032
1,208,727
1,198,183
Revolving debt
5-year revolving loan facility, periodic interest payments, Adjusted Term
SOFR + up to 2.50%, plus commitment fees of 0.25%-0.50%, matures
July 30, 2029
185,464
1,207
Premium financing notes
Commercial notes, periodic interest and principal payments, 5.25%,
expire May 1, 2026
6,216
—
Commercial notes, periodic interest and principal payments, 6.25%,
expired May 1, 2025
—
2,673
Commercial notes, periodic interest and principal payments, 6.25%,
expired June 1, 2025
—
548
Commercial notes, periodic interest and principal payments, 6.25%,
expired June 21, 2025
—
2,642
Units subject to mandatory redemption
3,399
3,399
Total debt
$3,472,077
$3,282,860
Less: Short-term debt and current portion of long-term debt
(61,688)
(51,732)
Long-term debt
$3,410,389
$3,231,128