Debt and finance lease obligations as of June 30, 2026, December 31, 2025, and June 30, 2025, consisted of the following:


(in thousands, except interest rates)	June 30, 2026			December 31, 2025			June 30, 2025
2025 Revolving Credit Facility - Pursuit borrowings 5.6%, 5.5%, and 6.2% interest rate, respectively, due through 2030(1)	$	128,300		$	58,500		$	10,500
2025 Revolving Credit Facility - Brewster, Inc. borrowings 4.6% and 4.3% as of June 30, 2026 and December 31, 2025, respectively, due through 2030(1)		42,150			28,857			—
Jasper Term Loan - 6.5% fixed interest rate, due through 2028(1)		11,396			11,906			12,126
Forest Park Hotel Renovation Construction Loan - 5.5% as of June 30, 2026, due through 2028(1)		9,984			—			—
Flyover Iceland Credit Facility		—			—			3,690
Other		—			—			443
Total debt (2)		191,830			99,263			26,759
Finance lease obligations, due through 2067 (3)		45,428			59,830			60,188
Total debt and finance lease obligations		237,258			159,093			86,947
Less: unamortized debt issuance costs		(2,471	)		(2,563	)		(1,980	)
Less: current portion		(705	)		(1,510	)		(2,566	)
Long-term debt and finance lease obligations	$	234,082		$	155,020		$	82,401

(1)

Represents the weighted-average interest rate in effect as of the end of the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees.

(2)

The carrying value of total debt approximates the estimated fair value of total debt for the respective periods due to the variable nature of the associated interest rates for the majority of the borrowings.

(3)

See Note 13 – Leases and Other for additional information.

As of June 30, 2026, the Company was in compliance with all financial covenants under the 2025 Credit Agreement.

As of June 30, 2026, capacity remaining under the 2025 Revolving Credit Facility was $124.2 million, reflecting the $300.0 million total facility size, less $170.5 million of outstanding borrowings and $5.3 million in outstanding letters of credit.

The Jasper Credit Facility provides for a CAD $17.0 million term loan (“Jasper Term Loan”) and a CAD $10.0 million revolving credit facility (“Jasper Revolving Credit Facility”).

As of June 30, 2026, there were no outstanding borrowings, and capacity remaining under the Jasper Revolving Credit Facility was CAD $10.0 million (approximately USD $7.0 million as of June 30, 2026). As of June 30, 2026, the Company was in compliance with all financial covenants under the Jasper Credit Facility.