| Schedule of Long-term Debt Instruments |
The Company had the following debt outstanding as of March 31, 2026 and December 31, 2025:
| | | | | | | | | | | | | | | | | | | | Interest rate as of | Principal amount | | Maturity Date | March 31,
2026 | December 31,
2025 | March 31,
2026 | December 31,
2025 | | | | | (in thousands) | | Senior Secured Term Loan | July 2028 | 5.700 | % | 5.672 | % | $ | 909,248 | | $ | 916,688 | | Senior Secured Notes (the "2026 Notes") | July 2026 | 2.875 | % | 2.875 | % | 500,000 | | 500,000 | | | | | | | | | Senior Secured Notes (the "2027 Notes")* | May 2027 | 5.809 | % | 5.809 | % | 750,000 | | 750,000 | | | Senior Secured Notes (the "2029 Notes")* | May 2029 | 5.849 | % | 5.849 | % | 750,000 | | 750,000 | | | Senior Secured Notes (the "2034 Notes")* | May 2034 | 6.000 | % | 6.000 | % | 500,000 | | 500,000 | | | Total debt | | | | 3,409,248 | | 3,416,688 | | | Less current portion of debt | | | | (529,762) | | (529,762) | | | Total long-term debt | | | | 2,879,486 | | 2,886,926 | | | Less debt issuance costs and debt discount | | | | (12,791) | | (14,310) | | | Total long-term debt, net | | | | $ | 2,866,695 | | $ | 2,872,616 | |
*Issued May 8, 2024 During the quarter ended March 31, 2026, the Company drew down $nil (year ended December 31, 2025: $50.0 million) of the senior secured revolving loan facility and repaid $nil (year ended December 31, 2025: $50.0 million) as shown below. As at March 31, 2026, $nil (December 31, 2025: $nil) was drawn under the senior secured revolving loan facility. | | | | | | | | | | | | | Drawdown | Repayment | Closing Balance | | (in thousands) | | | | | | Quarter 1, 2025 | $ | 50,000 | | $ | (50,000) | | $ | — | | | Quarter 2, 2025 | — | | — | | — | | | Quarter 3, 2025 | — | | — | | — | | | Quarter 4, 2025 | — | | — | | — | | | Total drawdown / (repayment) in 2025 | 50,000 | | (50,000) | | — | | | Quarter 1, 2026 | — | | — | | — | | | Total drawdown / (repayment) in 2026 | $ | — | | $ | — | | $ | — | |
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| Schedule of Contractual Maturities of Debt |
As of March 31, 2026, the contractual maturities of the Company's debt obligations were as follows:
| | | | | | | | | | | | | | | | Contractual maturities of debt | | (in thousands) | | 2026 (remaining) | | | | $ | 522,322 | | | 2027 | | | | 779,762 | | | 2028 | | | | 857,164 | | | 2029 | | | | 750,000 | | | 2030 and thereafter | | | | 500,000 | | | Total | | | | $ | 3,409,248 | | | | | | | | | | | | | | | | |
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| Schedule of Principal Payments on Debt Instrument |
Principal repayments on the senior secured term loan, comprising mandatory repayments, during the three months ended March 31, 2026 and year ended December 31, 2025 were as follows:
| | | | | | | | | | Principal repayments | (in thousands) | | Quarter 1, 2025 | | $ | (7,440) | | | Quarter 2, 2025 | | (7,441) | | | Quarter 3, 2025 | | (7,440) | | | Quarter 4, 2025 | | (7,441) | | | Total repayments in 2025 | | $ | (29,762) | | | Quarter 1, 2026 | | (7,440) | | | | | | | | | Total repayments in 2026 | | $ | (7,440) | |
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