DEBT (Tables)

3 Months Ended

Mar. 31, 2026

Debt for the Company as of March 31, 2026, and December 31, 2025, follow:


	March 31, 2026		December 31, 2025
	(In thousands)
Amended and Restated ABL Facility: Summit Holdings’ asset based credit facility due July 2029	$	116,000	$	113,000
New Permian Transmission Facility: Summit Permian Transmission’s variable rate senior secured term loan due March 2031	340,000		—
Legacy Permian Transmission Term Loan: Summit Permian Transmission’s variable rate senior secured term loan due January 2028	—		116,998
2029 Secured Notes: 8.625% senior secured second lien notes due October 2029	825,000		825,000
Less: unamortized debt discount, premium and debt issuance costs	(15,236)		(9,428)
Total debt, net of unamortized debt discount, premium and debt issuance costs	1,265,764		1,045,570
Less: current portion of long-term debt	(850)		(21,223)
Total long-term debt	$	1,264,914	$	1,024,347

Schedule of Debt Instrument Redemption

Thereafter, Summit Holdings may redeem all or a portion of the 2029 Secured Notes in whole at any time or in part from time to time at the following redemption prices (expressed as percentages of the principal amount) plus accrued and unpaid interest if redeemed during the periods indicated below:


Period	Redemption Price
July 31, 2026 to July 30, 2027	104.313	%
July 31, 2027 to July 30, 2028	102.156	%
July 31, 2028 and thereafter	100.000	%

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details