v3.26.1
Debt (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Maximum Leverage Ratios
Under the terms of the June 2025 Amendment, the Company’s Consolidated Total Leverage Ratio (defined, as of any date of determination, as the ratio of (a) Consolidated Funded Indebtedness as of such date (as defined in the Senior Credit Facility) less cash that is not subject to any restriction on the use or investment thereof to (b) Consolidated EBITDA (as defined in the Senior Credit Facility)) for the period of four consecutive fiscal quarters ending on such date was modified to the following:
Fiscal Quarter EndingMaximum Consolidated Total Leverage Ratio
June 30, 2025 through June 30, 2026
5.00 to 1.00
September 30, 2026
4.75 to 1.00
December 31, 2026
4.50 to 1.00
March 31, 2027 and the last day of each fiscal quarter thereafter
4.00 to 1.00
Schedule of Contractual Repayments of Debt
Contractual repayments of the term loan component of the Senior Credit Facility are due as follows:
As of June 30, 2026
Principal Repayment
Dollars in thousands
Remainder of 2026
$19,375 
2027
53,281 
2028
634,531 
$707,187 
Schedule of Carrying Amounts and Estimated Fair Values of Debt Instruments
The carrying amounts and the estimated fair values of debt as of June 30, 2026 and December 31, 2025 are as follows:
June 30, 2026December 31, 2025
Fair Value MeasurementCarrying ValueEstimated Fair ValueCarrying ValueEstimated Fair Value
Dollars in thousands
Senior credit facility - term loanLevel 2$707,188 $706,015 $726,563 $725,480 
Senior credit facility - revolving componentLevel 21,075,000 1,073,013 1,045,000 1,043,340 
SecuritizationLevel 292,600 90,301 87,800 86,678 
Subtotal$1,874,788 $1,869,329 $1,859,363 $1,855,498 
Debt issuance costs(2,489)(3,257)
Total debt$1,872,299 $1,869,329 $1,856,106 $1,855,498