| Schedule of Debt Obligations |
Debt obligations consist of the following:
|
|
|
|
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As of |
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|
As of |
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|
|
June 30, |
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|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
|
|
|
|
|
|
|
Revolver facility |
|
$ |
181,000 |
|
|
$ |
56,000 |
|
Debt issuance costs |
|
|
(1,970 |
) |
|
|
(2,386 |
) |
Revolver facility, net |
|
$ |
179,030 |
|
|
$ |
53,614 |
|
|
|
|
|
|
|
|
Term loan |
|
$ |
312,813 |
|
|
$ |
320,938 |
|
Debt issuance costs |
|
|
(1,072 |
) |
|
|
(1,348 |
) |
Term loan, net |
|
$ |
311,741 |
|
|
$ |
319,590 |
|
Total debt obligations, net |
|
$ |
490,771 |
|
|
$ |
373,204 |
|
The principal balance consists of the following tranches as of June 30, 2026:
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|
As of June 30, 2026 |
|
|
Principal Amount |
|
|
Base Rate |
|
|
SOFR Rate |
|
|
Rate Expiration Date |
Term Loan |
|
$ |
312,813 |
|
|
|
2.60 |
% |
|
|
3.67 |
% |
|
11/5/2026 |
Revolver - Tranche 1 |
|
|
12,500 |
|
|
|
2.60 |
% |
|
|
3.66 |
% |
|
8/27/2026 |
Revolver - Tranche 2 |
|
|
15,000 |
|
|
|
2.60 |
% |
|
|
3.67 |
% |
|
7/23/2026 |
Revolver - Tranche 3 |
|
|
7,500 |
|
|
|
2.60 |
% |
|
|
3.64 |
% |
|
8/19/2026 |
Revolver - Tranche 4 |
|
|
7,000 |
|
|
|
2.60 |
% |
|
|
3.63 |
% |
|
7/15/2026 |
Revolver - Tranche 5 |
|
|
139,000 |
|
|
|
2.60 |
% |
|
|
3.67 |
% |
|
9/18/2026 |
Total |
|
$ |
493,813 |
|
|
|
|
|
|
|
|
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|