v3.25.2
Note 8 - Debt - Summary of Debt Outstanding (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Long-term debt, gross $ 635,597 $ 647,887
Debt discount and issuance costs (10,357) (10,791)
Less: Current portion of long-term debt (93,366) (65,386)
Total long-term debt 531,874 571,710
Secured Debt [Member]    
Long-term debt, gross [1] 187,500 212,500
Unsecured Debt [Member]    
Long-term debt, gross [2] 250,000 250,000
Nordic Bond [Member]    
Long-term debt, gross [2] 175,000 175,000
Vessel Facility Agreements [Member]    
Long-term debt, gross $ 23,097 $ 10,387
[1] As of June 30, 2025 and December 31, 2024, the fair value (Level 3) of the Senior Secured Term Loan was $192.5 million and $218.2 million, respectively. The Level 3 fair value is derived from discounted present value calculations.
[2] As of June 30, 2025 and December 31, 2024, the fair value (Level 1) of the 10.375% Senior Unsecured Notes due July 2028 was $265.2 million and $266.1 million, respectively. The fair value is obtained from public transaction activity on the Nordic ABM exchange (XOAM).