v3.26.1
DEBT (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
Debt consisted of the following as of June 30, 2026 and December 31, 2025:
June 30, 2026December 31, 2025
Term loan, due 2032$694,750 $698,250 
Less: current portion [1]
(7,000)(7,000)
Less: unamortized discount and debt issuance costs(19,900)(21,324)
Total long-term debt$667,850 $669,926 
[1] The current portion of the Company’s debt is included in other current liabilities on the Condensed Consolidated Balance Sheets.
Schedule of Company’s Debt Outstanding
The Company’s remaining debt outstanding as of June 30, 2026 matures as follows:

2026$3,500 
20277,000 
20287,000 
20297,000 
20307,000 
Thereafter663,250 
Total debt$694,750 
Unamortized discounts and debt issuance costs(19,900)
Total debt, net of unamortized discounts and debt issuance costs$674,850 
Schedule of Material Interest Rate Terms
The following table summarizes the material interest rate terms applicable to borrowings under the Credit Agreement. Borrowings bear interest at either a benchmark rate or an alternate base rate, and applicable rates are subject to potential step-downs in 0.25% increments pursuant to a pricing grid based on net leverage:

FacilityRate TypeApplicable Rate
Term Loan Facility
Benchmark Rate[1]
2.50%
Alternate Rate[2]
1.50%
Revolving Credit Facility
Benchmark Rate[1]
2.25%
Alternate Rate[2]
1.25%
Revolving Credit Facility
Commitment Fee[3] (unused portion)
0.50%
[1] Bear interest at the benchmark rate, including Term SOFR or, in the case of certain foreign currency borrowings, Euro Interbank Offered Rate, plus the applicable rate shown above.
[2] Bear interest at the alternate base rate, plus the applicable rate shown above. The alternate base rate is defined as the highest of (i) the U.S. prime rate, (ii) the federal funds rate plus 0.50%, (iii) the Benchmark Rate for an interest period of one month plus 1.00% and (iv) 1.00%.
[3] The commitment fee is payable on the unused portion of the Revolving Credit Facility.