v3.26.1
LONG-TERM DEBT (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table presents the components of Long-term debt, net (in thousands, except interest rates):
Maturity DateInterest Rate per Annum as of March 31, 2026March 31, 2026December 31, 2025
Revolving Equipment Notes
2029
SOFR + 1.75%
$196,897 $173,239 
Term Loan
202810.0%501,603 489,368 
Revolving Credit Facility(1)
202810.0%50,540 8,712 
Total debt
749,040 671,319 
Less: Total unamortized debt discount and debt issuance costs
326,958 335,922 
Less: Current maturities of long-term debt
21,742 19,039 
Long-term debt, net
$400,340 $316,358 
__________________
(1)    As of March 31, 2026, includes $9.9 million outstanding in connection with the Credit Support Premium (as defined below), which will become due and payable in-full upon the earlier of repayment and extinguishment of the Revolving Equipment Note Facility (as defined below) and the termination of Delta’s obligation to provide credit support for the Revolving Equipment Notes Facility. The Credit Support Premium is deemed a Revolving Loan (as defined in the Credit Agreement (as defined below)) under the Credit Agreement; however, any such accrued amounts do not reduce Delta’s $100.0 million commitment available to be borrowed by the Company from time to time until September 20, 2026 under the Revolving Credit Facility (as defined below).
Schedule of Maturities of Long-Term Debt
Maturities of principal debt payments through December 31, 2029 for debt obligations outstanding as of March 31, 2026 are as follows (in thousands):
Maturities
Remainder of 2026
$16,306 
202722,829 
2028527,693 
2029182,212 
Total
$749,040