Debt (Tables)

6 Months Ended

Jun. 30, 2026

Long-term debt consisted of the following (in thousands):


	June 30,		December 31,
	2026		2025
Bank credit facility - term loan	$	900,000	$	296,250
Amortizing notes	66,668		—
Principal amount of long-term debt	966,668		296,250
Less: unamortized debt issuance costs	(19,711)		(3,446)
Total debt, net of debt issuance costs	946,957		292,804
Less: current portion	(32,004)		(7,500)
Total long-term debt, net of current portion	$	914,953	$	285,304

Schedule of Term Loan Payments

Future required payments of outstanding debt as of June 30, 2026 are as follows (in thousands):


Year Ending	Term Loan		Amortizing Notes		Total
Remainder of 2026	$	4,500	$	11,333	$	15,833
2027	9,000		23,691		32,691
2028	9,000		25,128		34,128
2029	9,000		6,516		15,516
2030	9,000		—		9,000
2031	9,000		—		9,000
Thereafter	850,500		—		850,500
Total	$	900,000	$	66,668	$	966,668

- 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.

+ References

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+ Details