Debt (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Components of Debt Obligations

The table below presents the components of our debt:


	March 31, 2026		December 31, 2025
Revolving Credit Facility	$	455,000	$	365,000
Incremental Term Loan	300,000		—
Total debt	755,000		365,000
Less: deferred debt issuance costs	743		—
Long-term debt, net (1)	$	754,257	$	365,000

(1)There were no current portions of long-term debt as of March 31, 2026 and December 31, 2025. The Company classified the borrowings under the Revolving Credit Facility as long-term debt in the accompanying Condensed Consolidated Balance Sheets, as we have the intent and unilateral ability to refinance any borrowings on a continuous basis through the maturity of the Revolving Credit Facility on November 21, 2027.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details