Long-Term Debt and Finance Leases (Tables)

6 Months Ended

Jun. 30, 2025

Summary of long-term debt and finance lease obligations


							December 31,
	June 30, 2025						2024
	Available
	borrowing		Effective		Outstanding		Outstanding
	capacity		interest rate(1)		balance		balance

	(in millions)
Long-term debt:
Super-priority Loans, net(2)		—	8.92	%		907.2		913.7
Revolving Credit Facility(3)		110.4	7.26	%		135.0		95.0
Total long-term debt	$	110.4				1,042.2		1,008.7
Other Financing						0.7		0.9
Finance lease obligations						24.7		24.9
Total long-term debt, finance lease obligations and other						1,067.6		1,034.5
Debt issuance costs, net(4)						(14.6)		(17.1)
Sub-total						1,053.0		1,017.4
Less current portion						(20.3)		(20.0)
Long-term portion					$	1,032.7	$	997.4

(1)	Represents the effective interest rate in effect for all borrowings outstanding as of June 30, 2025 pursuant to each debt instrument including the applicable margin. Excluding the impact of the derivative instruments the First Out Term Loan rate is 11.5% and the Second Out Term Loan rate is 7.5%.

(2)	At June 30, 2025 and December 31, 2024 includes $2.9 million and $3.3 million of net unamortized discounts, respectively.

(3)

Available borrowing capacity at June 30, 2025 represents $250.0 million of total availability less borrowings of $135.0 million on the Revolving Credit Facility and outstanding letters of credit of $4.6 million. Letters of credit are used in the ordinary course of business and are released when the respective contractual obligations have been fulfilled by the Company.

(4)	At June 30, 2025 and December 31, 2024 debt issuance costs include $12.5 million and $14.3 million related to Super Priority Loans and $2.1 million and $2.8 million related to the Revolving Credit Facility, respectively.