v3.26.1
FINANCING ARRANGEMENTS (Tables)
12 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Financing Arrangements
The Company's debt consists of the following:
Twelve months endedJune 30,
2026202520262025
(Cash interest rate %)(Dollars in thousands)
Term loan (1)8.42%9.14%$116,135 $118,875 
Paid-in-kind interest11,101 5,376 
Deferred financing fees (2)(9,392)(12,174)
Term loan, net117,844 112,077 
Revolving credit facility (1)8.42%9.14%1,030 1,030 
Fair value of warrants issued to lenders(1,736)(2,314)
Total debt, net$117,138 $110,793 
Less: Long-term debt, current portion(3,000)(1,100)
Long-term debt, net$114,138 $109,693 
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(1)The term loan and revolving credit facility mature on June 24, 2029. The interest rate applicable to any letter of credit is 5.25% and paid currently in cash.
(2)Deferred financing fees, inclusive of $4.3 million of original issue discount fees, are amortized on a straight-line basis over the term of the related agreement.