| Schedule of Debt Obligations |
Debt obligations consists of the following:
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
As of |
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2025 |
|
|
2024 |
|
|
|
|
|
|
|
|
Revolver facility |
|
$ |
52,500 |
|
|
$ |
- |
|
Debt issuance costs |
|
|
(2,850 |
) |
|
|
(3,308 |
) |
Revolver facility, net |
|
$ |
49,650 |
|
|
$ |
(3,308 |
) |
|
|
|
|
|
|
|
Term Loan |
|
$ |
325,000 |
|
|
$ |
325,000 |
|
Debt issuance costs |
|
|
(1,629 |
) |
|
|
(1,909 |
) |
Term loan, net |
|
$ |
323,371 |
|
|
$ |
323,091 |
|
Total debt obligations, net |
|
$ |
373,021 |
|
|
$ |
319,783 |
|
The principal balance consists of the following tranches:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2025 |
|
|
Principal Amount |
|
|
Base Rate |
|
|
SOFR Rate |
|
|
Rate Expiration Date |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan |
|
$ |
325,000 |
|
|
|
2.60 |
% |
|
|
4.25 |
% |
|
11/5/2025 |
Revolver - Tranche 1 |
|
|
30,000 |
|
|
|
2.60 |
% |
|
|
4.33 |
% |
|
8/28/2025 |
Revolver - Tranche 2 |
|
|
7,000 |
|
|
|
2.60 |
% |
|
|
4.31 |
% |
|
7/16/2025 |
Revolver - Tranche 3 |
|
|
8,000 |
|
|
|
2.60 |
% |
|
|
4.31 |
% |
|
7/9/2025 |
Revolver - Tranche 4 |
|
|
7,500 |
|
|
|
2.60 |
% |
|
|
4.32 |
% |
|
7/23/2025 |
Total |
|
$ |
377,500 |
|
|
|
|
|
|
|
|
|
|
| Schedule of Maturities of Long-term Debt |
Future principal maturities of debt as of June 30, 2025 are as follows:
|
|
|
|
|
2025 |
|
$ |
4,063 |
|
2026 |
|
|
16,250 |
|
2027 |
|
|
16,250 |
|
2028 |
|
|
340,937 |
|
|
|
$ |
377,500 |
|
|