v3.26.1
Debt Obligations (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Outstanding debt obligations consisted of the following:
(in thousands)March 31, 2026December 31, 2025
2024 Credit Agreement
Term facility - matures July 31, 2032, interest rate of 7.42% and 7.47% at March 31, 2026 and December 31, 2025, respectively
$1,020,000 $1,020,000 
Revolving credit facility - $100.0 million line matures July 31, 2030, interest rate of 7.17% and 7.22% at March 31, 2026 and December 31, 2025, respectively
— — 
Residual Finance Credit Facility
Term facility - matures August 18, 2031, interest rate of 9.93% and 9.98% at March 31, 2026 and December 31, 2025, respectively
42,003 35,394 
Total debt obligations1,062,003 1,055,394 
Less: current portion of long-term debt(525)— 
Less: unamortized debt discounts and deferred financing costs(15,569)(16,036)
Long-term debt, net$1,045,909 $1,039,358 
Schedule of Interest Expense for Outstanding Debt
Interest expense for outstanding debt, including fees for undrawn amounts and amortization of deferred financing costs and debt discounts was as follows:
Three Months Ended March 31,
(in thousands)20262025
Interest expense(1)(2)
$21,016 $23,176 
(1)Included in interest expense is $0.4 million and $1.0 million related to the accretion of deferred consideration from acquisitions for the three months ended March 31, 2026 and 2025, respectively.
(2)Interest expense included amortization of deferred financing costs and debt discounts of $0.5 million and $0.4 million for the three months ended March 31, 2026 and 2025, respectively.