v3.26.1
Debt (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments

The Company's debt consisted of the following (in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

 

Weighted
Average
Interest
Rate

 

 

Final
Maturity

Senior Secured Notes

 

$

156,517

 

 

$

156,517

 

 

 

7.875

%

 

December 2028

ABL Borrowings

 

 

—

 

 

 

—

 

 

Varies(1)

 

 

September 2028(2)

Debt discount

 

 

(1,926

)

 

 

(2,265

)

 

 

 

 

 

Total debt

 

 

154,591

 

 

 

154,252

 

 

 

 

 

 

Less: current debt

 

 

—

 

 

 

—

 

 

 

 

 

 

Total long-term debt

 

$

154,591

 

 

$

154,252

 

 

 

 

 

 

 

(1)
Borrowings under the Amended ABL Facility bear interest at a rate equal to Secured Overnight Financing Rate ("SOFR") ranging from 1.5% to 2.0% or an alternate base rate plus an applicable margin, which is determined based on the average availability of the commitments under the Amended ABL Facility, ranging from 0.5% to 1.0%.
(2)
The Amended ABL Facility extends the maturity date to the earlier of (x) August 28, 2030 and (y) 91 days prior to the maturity date of the Company's 7.875% Senior Notes due 2028 (if such notes are still outstanding as of such date).