BORROWING (Tables)

6 Months Ended

Jun. 30, 2026

The following table presents our outstanding term loans under the Loan Agreement:


(in thousands)	June 30, 2026		December 31, 2025
Principal(1)
Term A Loan	$	14,371	$	27,500
Term B Loan	11,758		22,500
Term C Loan	41,940		50,000
Term D Loan	50,000		50,000
Term E Loan	50,000		50,000
Term F Loan	50,000		—
Term H Loan	31,931		—
Total principal	250,000		200,000
Adjustments to principal value
Unamortized discount and debt issuance costs	(3,021)		(1,127)
Accreted value of final fee	4,844		3,961
Total long-term debt	251,823		202,834
Less: Current portion of long-term debt	—		—
Long-term debt, net of current portion	$	251,823	$	202,834

(1)The outstanding term loans bear an interest rate at the sum of 4.55% plus the greater of (a) the one-month SOFR or (b) 3.50%, and mature on July 1, 2030.

- 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