v3.25.3
DEBT AND FINANCING ARRANGEMENTS (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Summary of Classification Between Short-Term and Long-Term Debt
The balance outstanding under the 2024 Credit Facilities at September 30, 2025 and December 31, 2024 was as follows (in thousands):
September 30, 2025December 31, 2024
Short-term debt
Current portion, Term Loan
$70,000 $70,000 
Current portion debt issuance costs, Term Loan(3,677)(3,823)
Total short-term debt$66,323 $66,177 
Long-term debt
Revolver Facility$239,300 $20,900 
Debt issuance costs, Revolver(6,919)(7,160)
Long-term portion, Term Loan
1,277,500 1,330,000 
Long-term portion Debt Issuance Costs, Term Loan
(7,242)(9,985)
Total long-term debt$1,502,639 $1,333,755 
Summary of Unsecured Credit Facility
The blended effective interest rates under the 2024 Credit Facilities and the 2022 credit facility, including the impact of interest rate swaps associated with those credit facilities, for the nine months ended September 30, 2025 and 2024 were as follows:
Nine Months Ended
September 30,
20252024
Weighted average rates6.64%5.40%
Range of effective rates
3.18% - 8.75%
1.93% - 6.83%
Summary of Recognized Interest Expense Interest expense, including amortization of deferred financing costs, commitment fees, line of credit fees, and other applicable bank charges, for the three and nine months ended September 30, 2025 and 2024 was as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Credit facilities$27,953 $4,968 $80,973 $15,360 
Other7 — 10 3 
Total$27,960 $4,968 $80,983 $15,363