v3.26.1
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2026
Summary of Financial Liabilities Measured on Recurring Basis

The following tables set forth the carrying values and fair values of the Company’s financial liabilities measured on a recurring basis, categorized by input level within the fair value hierarchy:

(in thousands)

 

Carrying Value

 

 

Fair Value
(Level 2)

 

Balance at March 31, 2026

 

 

 

 

 

 

Term Loan Facility

 

$

1,028,116

 

 

$

804,556

 

6.5% Senior Secured Notes

 

 

2,007

 

 

 

1,558

 

9.0% Senior Secured Notes due 2030

 

 

561,444

 

 

 

425,345

 

Total long-term debt

 

$

1,591,567

 

 

$

1,231,459

 

 

(in thousands)

 

Carrying Value

 

 

Fair Value
(Level 2)

 

Balance at December 31, 2025

 

 

 

 

 

 

Term Loan Facility

 

$

1,092,745

 

 

$

928,880

 

6.5% Senior Secured Notes

 

 

595,087

 

 

 

483,776

 

Total long-term debt

 

$

1,687,832

 

 

$

1,412,656

 

Fair Value, Recurring [Member]  
Summary of Financial Assets and Liabilities Measured on Recurring Basis

The following table sets forth the Company’s financial assets and liabilities measured on a recurring basis at fair value, categorized by input level within the fair value hierarchy.

 

 

March 31, 2026

 

(in thousands)

 

Fair Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Liabilities measured at fair value

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

186

 

 

$

 

 

$

186

 

 

$

 

Total liabilities measured at fair value

 

$

186

 

 

$

 

 

$

186

 

 

$

 

 

 

 

December 31, 2025

 

(in thousands)

 

Fair Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Liabilities measured at fair value

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

476

 

 

$

 

 

$

476

 

 

$

 

Total liabilities measured at fair value

 

$

476

 

 

$

 

 

$

476

 

 

$