v3.26.1
Interest Bearing Liabilities (Tables)
 6 Months Ended
Jun. 30, 2026
Interest Bearing Liabilities [Abstract]  
Summary of Interest Bearing Liabilities
The following
is a summary
of
interest-bearing
liabilities
as at June
30, 2026:
(in US$ thousands)
June 30, 2026
December 31, 2025
Weighted Average
Interest Rate at
June 30, 2026
Final
Maturity
9.250
%
Senior Secured
Notes
$
400,000
$
400,000
9.99
%
(2)
2029
ABL Facility
279,270
272,115
9
.00%
2030
Loan -
Curragh Housing
Transaction
24,489
24,748
14.14
%
(2)
2034
Debt
issuance costs
(1)
(9,133)
(10,203)
Total
interest
bearing liabilities
694,626
686,660
Less: current
portion
(1,829)
(1,671)
Non-current
interest-bearing
liabilities
$
692,797
$
684,989
(1)
Relates to debt issuance
costs in
connection with
the
Notes and Curragh
Housing Transaction
(each as defined
below)
loan.
Deferred
debt issuance costs incurred
in connection
with the establishment
of the
ABL
Facility (as defined
below) have
been included
within
"Other
non
-current
assets" in
the unaudited
Condensed
Consolidated
Balance Sheets.
(2)
Represents the effective
interest rate.
The effective interest
is higher
than the
implied interest rate as it incorporates
the
effect of debt
issuance
costs
and
discount,
where applicable.