v3.26.1
LONG-TERM DEBT (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Outstanding
Long-term debt outstanding for the Company consisted of the following:
(In thousands)March 31, 2026December 31, 2025
Asset-based Revolving Credit Facility due 2027(1)
$50,000 $50,000 
Term Loan Facility due 20265,095 5,095 
Incremental Term Loan Facility due 20261,500 1,500 
Term Loan Facility due 2029(2)
2,118,903 2,124,267 
6.375% Senior Notes due 2026
44,644 44,644 
5.25% Senior Notes due 2027
6,983 6,983 
8.375% Senior Unsecured Notes due 2027
72,388 72,388 
4.75% Senior Secured Notes due 2028
276,868 276,868 
9.125% First Lien Notes due 2029
717,588 717,588 
7.75% First Lien Notes due 2030
661,285 661,285 
7.00% First Lien Notes due 2031
178,443 178,443 
10.875% Second Lien Notes due 2030
675,165 675,165 
Other secured subsidiary debt5,112 3,934 
Long-term debt fees(6,766)(7,220)
Debt Premium(3)
229,798 242,151 
Total Debt5,037,006 5,053,091 
Less: Current portion74,721 73,429 
Total long-term debt$4,962,285 $4,979,662 
(1)As of March 31, 2026, the ABL Facility had a borrowing base of $439.2 million, $50.0 million outstanding borrowings and $29.7 million in outstanding letters of credit, resulting in $359.5 million of borrowing base availability.
(2)Quarterly amortization payments of $5.4 million (equal to 0.25% of the original principal amount) are required per the terms of the Term Loan Facility due 2029.
(3)The difference between the carrying value of the exchanged 5.25% Senior Notes, 4.75% Senior Secured Notes, and 8.375% Senior Unsecured Notes and the principal amount of the 7.75% First Lien Notes due 2030, 7.00% First Lien Notes due 2031 and 10.875% Second Lien Notes due 2030 was recorded as debt premium and will be reduced as contractual interest payments are made.