v3.25.2
Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Components of Long-Term Debt

The components of the Company’s long-term debt were as follows:

 

 

 

Predecessor

 

 

 

December 28,

 

 

 

2024

 

 

 

Principal
Balance

 

 

Unamortized
Deferred
Financing
Costs

 

 

Unamortized
Debt
Discount

 

 

Effective
Rate
(1)

 

Revolving Credit Facility due April 13, 2026

 

$

 

 

$

 

 

$

 

 

 

0.00

%

Term Loan Facility due April 13, 2028

 

 

945,000

 

 

 

3,604

 

 

 

7,468

 

 

 

9.37

%

Senior Secured Notes due April 15, 2029

 

 

500,000

 

 

 

3,285

 

 

 

 

 

 

4.69

%

Total

 

$

1,445,000

 

 

$

6,889

 

 

$

7,468

 

 

 

7.74

%

Less: Current portion

 

 

 

 

 

 

 

 

 

 

 

 

         Unamortized deferred financing costs

 

 

6,889

 

 

 

 

 

 

 

 

 

 

         Unamortized debt discount

 

 

7,468

 

 

 

 

 

 

 

 

 

 

Total long-term debt

 

$

1,430,643

 

 

 

 

 

 

 

 

 

 

 

(1)
Includes amortization of deferred financing costs and debt discount.

 

 

 

 

Successor

 

 

 

June 30,

 

 

 

2025

 

 

 

Principal
Balance

 

 

Unamortized
Deferred
Financing
Costs

 

 

Unamortized
Debt
Premium

 

 

Effective
Rate
(1)

 

New Term Loan Facility due June 24, 2030

 

$

465,000

 

 

$

1,298

 

 

$

(1,816

)

 

 

11.09

%

Total

 

$

465,000

 

 

$

1,298

 

 

$

(1,816

)

 

 

 

Less: Current portion

 

 

 

 

 

 

 

 

 

 

 

 

         Unamortized deferred financing costs

 

 

1,298

 

 

 

 

 

 

 

 

 

 

         Unamortized debt premium

 

 

(1,816

)

 

 

 

 

 

 

 

 

 

Total long-term debt

 

$

465,518

 

 

 

 

 

 

 

 

 

 

 

(1)
Includes amortization of deferred financing costs and debt discount.