v3.26.1
Long-Term Obligations (Tables)
 6 Months Ended
Jun. 30, 2026
LOng-Term Obligations Disclosure [Abstract]  
Applicable Margin Based on Leverage Ratio
The applicable Interest Margins and the Commitment Fee with respect to the New Revolving Credit Facility and the New Term Loan A Facility is determined by reference to the leverage ratio in effect from time to time as set forth in the table below:


Leverage RatioApplicable Margin for Eurocurrency Rate Loans and RFR LoansApplicable Margin for Base Rate LoansCommitment Fee Rate
Greater than 4.00 to 1.02.25%1.25%0.35%
Less than or equal to 4.00 to 1.0 but greater than 3.00 to 1.02.00%1.00%0.30%
Less than or equal to 3.00 to 1.0 but greater than 2.50 to 1.01.75%0.75%0.25%
Less than or equal to 2.50 to 1.0 but greater than 2.00 to 1.01.50%0.50%0.20%
Less than or equal to 2.00 to 1.0 but greater than 1.75 to 1.01.25%0.25%0.15%
Less than or equal to 1.75 to 1.01.00%—%0.10%
Leverage Ratio
The applicable margin for the Term Loan B is determined by reference to the leverage ratio in effect from time to time as set forth in the following table:
Leverage RatioApplicable Margin for Term SOFR LoansApplicable Margin for Base Rate Loans
Greater than 2.75 to 1.02.50%1.50%
Less than 2.75 to 1.02.25%1.25%
Schedule of Long-term Debt Instruments
The carrying values of our long-term debt consist of the following (in thousands):

Effective Interest Rate
As of
June 30, 2026
Effective Interest Rate
As of
December 31, 2025
Senior Secured Credit Facilities:
New Credit Facilities:
  Term Loan A — principal5.52 %$740,625 7.02 %$750,000 
  Revolving Credit Facility — principal— — — %— 
Prior Credit Facilities:
  Term Loan B — principal6.60 %499,188 7.56 %544,500 
Less unamortized debt issuance costs(1)
(8,614)(9,833)
Total carrying value of long-term debt1,231,199 1,284,667 
Less current portion of long-term debt18,750 18,750 
Long-term debt, net$1,212,449 $1,265,917 
_______________________________
(1)    Comprised of $4.8 million and $3.8 million relating to the Term Loan A and the Term Loan B, respectively, as of June 30, 2026. Comprised of $5.3 million and $4.5 million relating to the Term Loan A and the Term Loan B, respectively, as of December 31, 2025.
Schedule of Maturities of Long-term Debt
As of June 30, 2026, the aggregate amount of principal repayments of our long-term debt (including any current portion) for each of the next five years and thereafter is approximately (in thousands):

Remainder of 2026$9,375 
202718,750 
202837,500 
2029536,688 
2030637,500 
2031— 
Total$1,239,813 
Interest expense on long term debt
The following table presents the total interest expense related to our long-term debt (in thousands):
Three months ended
June 30,		Six months ended
June 30,
2026202520262025
Contractual interest$18,184 $23,868 $36,408 $50,756 
Amortization of debt issuance costs799 1,783 1,573 3,483 
Commitment fee — Revolving Credit Facility253 342 537 717 
Total long-term debt-related interest expense$19,236 $25,993 38,518 54,956