v3.26.1
Long Term Debt (Tables)
6 Months Ended 12 Months Ended
Dec. 31, 2025
Jun. 30, 2025
Debt Disclosure [Abstract]    
Schedule of Long-Term Debt
Long-term debt consisted of the following (in thousands):
 
    
June 30,
2025
   
December 31,
2025
 
2025 Term Loan Facility
   $ —          $ 600,000  
Revolving Facility
     —            —       
2023 Term Loan Facility
     511,112       —       
2023 Revolving Facility
     —            —       
Less: discount and deferred financing costs
     (9,005     (16,494
  
 
 
   
 
 
 
Total debt, net of discount and deferred financing costs
     502,107       583,506  
Less: current portion
     (5,173     (4,500
  
 
 
   
 
 
 
Long-term debt, net current portion
   $ 496,934     $ 579,006  
  
 
 
   
 
 
 
Long-term debt consists of the following (in thousands):
 
    
Successor
 
    
June 30,
 
    
2024
   
2025
 
Senior debt - initial term loan
   $ 202,284     $ 200,252  
Senior debt - 2024 term loan
     259,000       256,410  
Senior debt - delayed draw term loan
     55,000       54,450  
Senior debt - revolving line of credit
     —        —   
Less: deferred finance costs
     (11,128     (9,005
  
 
 
   
 
 
 
Total debt, net of deferred financing costs
     505,156       502,107  
Less: current portion
     (5,173     (5,173
  
 
 
   
 
 
 
Long-Term Debt, net current portion
   $ 499,983     $ 496,934  
  
 
 
   
 
 
 
Schedule of Principal Maturities on Long Term Debt  
The aggregate amounts of principal maturities on long-term debt is as follows (in thousands):
 
Year Ending June 30,
 
2026
   $ 5,173  
2027
     5,173  
2028
     5,173  
2029
     5,173  
2030
     490,420  
  
 
 
 
   $ 511,112