| Summary of Long-Term Debt, Net |
Long-term debt, net, as of March 31, 2026 and December 31, 2025 consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
March 31, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
|
|
(In thousands) |
|
Term B-3 Loans (effective interest rate of 5.67% and 5.72% at March 31, 2026 and December 31, 2025, respectively) |
|
$ |
1,519,163 |
|
|
$ |
1,523,019 |
|
Revolving Credit Facility (effective interest rate of 5.43% at March 31, 2026) |
|
|
30,000 |
|
|
|
- |
|
Senior Notes due 2029 (interest rate of 5.25%) |
|
|
725,000 |
|
|
|
725,000 |
|
Total long-term debt |
|
|
2,274,163 |
|
|
|
2,248,019 |
|
Less: unamortized discounts and debt issuance costs |
|
|
(13,826 |
) |
|
|
(14,888 |
) |
Less: current maturities |
|
|
(15,423 |
) |
|
|
(15,423 |
) |
Total long-term debt, net |
|
$ |
2,244,914 |
|
|
$ |
2,217,708 |
|
|
| Summary of Long-Term Debt Repayable |
Long-term debt at March 31, 2026 is repayable as follows and does not include the impact of any future voluntary prepayments:
|
|
|
|
|
Years Ending December 31, |
|
(In thousands) |
|
Remainder of 2026 |
|
$ |
11,567 |
|
2027 |
|
|
15,423 |
|
2028 |
|
|
15,423 |
|
2029 |
|
|
770,423 |
|
2030 |
|
|
15,423 |
|
Thereafter |
|
|
1,445,904 |
|
Total |
|
$ |
2,274,163 |
|
|