v3.25.2
Interest Bearing Liabilities (Tables)
 6 Months Ended
Jun. 30, 2025
Interest Bearing Liabilities [Abstract]  
Summary of Interest Bearing Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following is a summary of interest-bearing liabilities
 
at June 30, 2025:
 
(in US$ thousands)
June 30, 2025
December 31, 2024
Weighted Average
Interest Rate at
June 30, 2025
Final
Maturity
9.250
% Senior Secured Notes
$
400,000
$
400,000
9.99
%
(2)
2029
ABL Facility
75,000
—
15.00
%
2028
Loan - Curragh Housing Transaction
25,012
24,472
14.14
%
(2)
2034
Discount and debt issuance costs
(1)
(11,226)
(12,165)
Total
 
interest bearing liabilities
488,786
412,307
Less: current portion
(1,532)
(1,363)
Non-current interest-bearing liabilities
$
487,254
$
410,944
(1)
Relates to discount and debt issuance costs
 
in connection with the Notes and Curragh Housing
 
Transaction (each as defined below)
loan. Deferred debt issuance costs incurred in
 
connection with the establishment of the ABL Facility
 
have been included within
 
"Other non-
current assets" in the unaudited Condensed Consolidated
 
Balance Sheets.
(2)
 
Represents the effective interest rate. The effective interest
 
is higher than the implied interest rate as
 
it incorporates the effect of debt
issuance costs and discount, where applicable.