v3.26.1
Interest Bearing Liabilities (Tables)
 3 Months Ended
Mar. 31, 2026
Interest Bearing Liabilities [Abstract]  
Summary of Interest Bearing Liabilities
The following is a summary of interest-bearing liabilities
as at March 31, 2026:
(in US$ thousands)
March 31, 2026
December 31, 2025
Weighted Average
Interest Rate at
March 31, 2026
Final
Maturity
9.250
% Senior Secured Notes
$
400,000
$
400,000
9.99
%
(2)
2029
ABL Facility
278,295
272,115
9
.00%
2030
Loan - Curragh Housing Transaction
24,860
24,748
14.14
%
(2)
2034
Debt issuance costs
(1)
(9,684)
(10,203)
Total
interest bearing liabilities
693,471
686,660
Less: current portion
(1,764)
(1,671)
Non-current interest-bearing liabilities
$
691,707
$
684,989
(1)
Relates to debt issuance costs in connection with
the Notes and Curragh Housing Transaction (each as defined
below) loan. Deferred
debt issuance costs incurred in connection with
the establishment of the ABL Facility (as defined
below) have been included within "Other
non-current assets" in the unaudited Condensed Consolidated
Balance Sheets.
(2)
Represents the effective interest rate. The effective interest
is higher than the implied interest rate as
it incorporates the effect of debt
issuance costs and discount, where applicable.