v3.26.1
Long-term Debt - Related Party
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Long-term debt - related party Long-term debt – related party

The Company’s related party long-term debt consists of the following (in thousands):

 

June 30, 2026

 

 

December 31, 2025

 

Exquisite Financing

$

155,940

 

 

$

161,952

 

Less current portion

 

(10,035

)

 

 

(10,521

)

Total long-term related party debt

$

145,905

 

 

$

151,431

 

 

Exquisite Financing

In June 2018, the Company entered into a sale leaseback agreement with the Nakilat JV to provide $220.0 million of financing for Exquisite at 7.73% (the “Exquisite Financing”). The agreement was recognized as a failed sale leaseback transaction and was treated as financing due to the transaction’s terms.