v3.26.1
Indebtedness, net (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Summary of Outstanding Indebtedness The outstanding indebtedness at March 31, 2026 is summarized as follows (in thousands):

 

 

 

Carrying Value as of

 

 

 

 

 

 

March 31, 2026

 

December 31, 2025

 

Interest Rate(A)

 

Maturity Date(A)

2025 Notes

 

$

150,000

 

$

150,000

 

5.58%—5.87%

 

Sep 2030 — Sep 2032

2026 Notes

 

 

200,000

 

 

28,000

 

4.90%—5.13%

 

Jan 2031 — Jan 2033

Net unamortized debt issuance costs

 

 

(2,847

)

 

(2,914

)

 

 

 

Total senior notes

 

$

347,153

 

$

175,086

 

 

 

 

 

 

 

 

 

 

 

 

 

2024 Term Loan

 

$

100,000

 

$

100,000

 

4.53%(B)

 

Oct 2027

2025 Term Loan

 

 

150,000

 

 

150,000

 

4.61%(B)

 

Jan 2029

Net unamortized debt issuance costs

 

 

(1,650

)

 

(1,847

)

 

 

 

Total term loans

 

$

248,350

 

$

248,153

 

 

 

 

 

 

 

 

 

 

 

 

 

Total indebtedness

 

$

595,503

 

$

423,239

 

 

 

 

 

(A)
As of March 31, 2026.
(B)
Reflects the utilization of a swap, which caps the variable-rate (SOFR) interest rate.