v3.26.1
Debt (Tables)
12 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Components of Debt

The Company’s debt is comprised of the following (in thousands):

 

 

 

June 30, 2026

 

 

June 30, 2025

 

Current portion of long-term debt:

 

 

 

 

 

 

Term loan

 

$

20,000

 

 

$

15,000

 

Less: unamortized debt issuance costs

 

 

(659

)

 

 

(729

)

Current portion of long-term debt

 

$

19,341

 

 

$

14,271

 

 

 

 

 

 

 

 

Long-term debt, less current portion:

 

 

 

 

 

 

Term loan

 

$

145,000

 

 

$

165,000

 

Less: unamortized debt issuance costs

 

 

(618

)

 

 

(1,276

)

Total long-term debt, less current portion

 

 

144,382

 

 

 

163,724

 

Total debt

 

$

163,723

 

 

$

177,995

 

Schedule of Maturities of Long-term Debt Excluding Unamortized Debt Issuance Costs The Company’s debt principal repayment schedule by period is as follows, excluding unamortized debt issuance costs (in thousands):

 

 

Amount

 

For the fiscal year ending June 30,

 

 

 

2027

 

$

20,000

 

2028

 

 

145,000

 

Total

 

$

165,000

 

 

Debt Financing Subsequent to June 30, 2026

On July 29, 2026, the Company entered into a Credit Agreement (the “2026 Credit Agreement”) with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. The 2026 Credit Agreement provides for a five-year revolving loan facility in an aggregate principal amount of $500.0 million (the “2026 Revolving Facility”). The 2026 Revolving Facility includes an uncommitted accordion feature, pursuant to which the Company may request incremental revolving loan commitments and/or incremental term loans in an aggregate amount not to exceed the sum of (A) the greater of (i) $175.0 million and (ii) 100.0% of Consolidated EBITDA, plus (B) an amount equal to any voluntary prepayments (in the case of voluntary prepayments of revolving indebtedness, accompanied by a permanent reduction to the related revolving commitments) of indebtedness under the 2026 Revolving Facility and other first lien indebtedness, plus (C) an unlimited amount subject to pro forma compliance with the Company’s consolidated total net leverage ratio and consolidated interest charge coverage ratio financial covenants.

On the closing date of the 2026 Credit Agreement, the Company repaid all outstanding indebtedness under the Amended Credit Agreement, together with all accrued and unpaid interest and fees. At closing, the Company borrowed $200.0 million under the 2026 Revolving Facility and used the proceeds to repay the outstanding indebtedness under the Amended Credit Agreement and to pay fees and expenses related to the 2026 Revolving Facility. As of the closing date, $200.0 million of revolving loans were outstanding under the 2026 Revolving Facility and $300.0 million of revolving commitments remained available for borrowing thereunder.