v3.26.1
DEBT (Tables)
 6 Months Ended
Jun. 30, 2026
Debt And Derivatives Disclosure [Abstract]  
Schedule of Debt
A summary of debt is as follows:
June 30,
2026		December 31,
2025
Senior Secured Credit Facility:
Term loan A facility (“Term Loan Facility”) payable quarterly beginning in the fiscal year ended December 31, 2027 with balance due September 2029; bearing interest at 5.194% as of June 30, 2026
$800,000 $800,000 
Revolving Credit Facility due September 2029; bearing interest at 5.174% as of June 30, 2026
185,000 — 
Tax-Exempt Bonds:
New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014 (“New York Bonds 2014R-1”) due December 2044 - fixed rate interest period bearing interest at 2.875% through December 2029
25,000 25,000 
New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014R-2 (“New York Bonds 2014R-2”) due December 2044 - fixed rate interest period bearing interest at 4.300% through June 2036
15,000 15,000 
New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2020 (“New York Bonds 2020”) due September 2050 - fixed rate interest period bearing interest at 4.250% through September 2030
37,500 37,500 
New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2020R-2 (“New York Bonds 2020R-2”) due September 2050 - fixed rate interest period bearing interest at 5.125% through September 2030
35,000 35,000 
Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2015R-3 (“FAME Bonds 2015R-3”) due August 2035 - fixed rate interest period bearing interest at 5.000% through August 2035
29,000 29,000 
Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2024 (“FAME Bonds 2024”) due December 2047 - fixed rate interest period bearing interest at 4.625% through May 2035
45,000 45,000 
Vermont Economic Development Authority Solid Waste Disposal Long-Term Revenue Bonds Series 2013 (“Vermont Bonds 2013”) due April 2036 - fixed rate interest period bearing interest at 4.625% through April 2028
16,000 16,000 
Vermont Economic Development Authority Solid Waste Disposal Long-Term Revenue Bonds Series 2022A-1 (“Vermont Bonds 2022A-1”) due June 2052 - fixed rate interest period bearing interest at 5.000% through May 2027
35,000 35,000 
Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds Series 2022A-2 (“Vermont Bonds 2022A-2”) due June 2052 - fixed rate interest period bearing interest at 4.375% through May 2032
25,000 25,000 
Business Finance Authority of the State of New Hampshire Solid Waste Disposal Revenue Bonds Series 2013 (“New Hampshire Bonds”) due April 2029 - fixed rate interest period bearing interest at 2.950% through April 2029
11,000 11,000 
Other:
Finance leases maturing through December 2107; bearing interest at a weighted average of 4.907% as of June 30, 2026
104,425 94,035 
Notes payable with no stated interest rate maturing through September 2028731 1,097 
Principal amount of debt 1,363,656 1,168,632 
Less—unamortized debt issuance costs 12,944 13,970 
Debt less unamortized debt issuance costs1,350,712 1,154,662 
Less—current maturities of debt25,580 25,735 
$1,325,132 $1,128,927 
The Credit Facility shall bear interest, at our election, at term secured overnight financing rate (“Term SOFR”) or at a base rate, in each case plus or minus any sustainable rate adjustment of up to positive or negative 4.0 basis points per annum, plus an applicable interest rate margin based upon our consolidated net leverage ratio as follows:
Term SOFR LoansBase Rate Loans
Credit Facility
1.300% to 2.175%
0.300% to 1.175%
Schedule of Cash and Cash Equivalents
A reconciliation of beginning of period and end of period cash, cash equivalents and restricted cash, including non-current for the six month ended June 30, 2026 presented in the unaudited consolidated statements of cash flows is as follows:
June 30,
2026		December 31,
2025
Cash and cash equivalents$25,541 $123,773 
Restricted cash - non-current
— 93,086 
Cash, cash equivalents and restricted cash, including non-current$25,541 $216,859 
Schedule of Restricted Cash
A reconciliation of beginning of period and end of period cash, cash equivalents and restricted cash, including non-current for the six month ended June 30, 2026 presented in the unaudited consolidated statements of cash flows is as follows:
June 30,
2026		December 31,
2025
Cash and cash equivalents$25,541 $123,773 
Restricted cash - non-current
— 93,086 
Cash, cash equivalents and restricted cash, including non-current$25,541 $216,859 
Schedule of Cash Flow Hedges
A summary of the effect of cash flow hedges related to derivative instruments on the consolidated balance sheets follows:
Fair Value
Balance Sheet LocationJune 30,
2026		December 31,
2025
Interest rate swapsOther current assets$2,233 $2,081 
Interest rate swapsOther non-current assets1,336 835 
$3,569 $2,916 
Interest rate swapsOther accrued liabilities$1,571 $3,073 
Interest rate swapsOther long-term liabilities1,088 5,348 
$2,659 $8,421 
Interest rate swapsAccumulated other comprehensive income (loss), net of tax$910 $(5,505)
Interest rate swaps - tax effectAccumulated other comprehensive income (loss), net of tax(350)1,550 
$560 $(3,955)