Debt (Tables)

3 Months Ended

Mar. 31, 2026

The following table presents the Company’s debt, other than debt related to securitization activities discussed in Note 4 - Asset Backed Facilities and Note 5 - Securitization Activities.


(in thousands)	March 31, 2026		December 31, 2025
Term Loan due August 2031 (5.92% and 5.98% as of March 31, 2026 and December 31, 2025, respectively)	$	1,300,000	$	1,365,000


Finance lease obligations	201		236
Gross long-term debt	1,300,201		1,365,236




Less: current portion of finance lease obligations	(100)		(113)
Less: unamortized debt issuance costs on Term Loan	(3,241)		(3,496)
Less: unamortized original issue discount on Term Loan	(6,409)		(6,991)
Long-term debt, net	$	1,290,451	$	1,354,636

Summary of Other Disclosure Related to Debt

The following table presents a summary of other disclosure items related to the Company’s debt, which are recorded in interest expense, net line of our Condensed Consolidated Statement of Comprehensive Income:


	Three Months Ended March 31,
(in thousands)	2026		2025
Amortization expense - debt issuance costs	$	388	$	335
Amortization expense - original issue discount	$	581	$	398

- 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