v3.26.1
LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
The Company’s long-term debt is a liability of People Inc. and consists of:
December 31,
20252024
(In thousands)
Term Loan A-1 due May 14, 2030$341,250 $— 
Term Loan B-2 due June 16, 2032700,000 — 
7.625% Senior Secured Notes due June 15, 2032; interest payable each June 15 and December 15
400,000 — 
Term Loan A due December 1, 2026— 297,500 
Term Loan B-1 due December 1, 2028— 1,182,500 
Total long-term debt1,441,250 1,480,000 
Less: current portion of long-term debt24,500 35,000 
Less: original issue discount3,397 3,512 
Less: unamortized debt issuance costs12,029 6,481 
Total long-term debt, net$1,401,324 $1,435,007 
Schedule of Aggregate Contractual Maturities of Long-term Debt
Long-term debt maturities at December 31, 2025 are summarized in the table below:
Year Ending December 31, (In thousands)
2026$24,500 
202724,500 
202842,000 
202959,500 
2030225,750 
Thereafter1,065,000 
Total1,441,250 
Less: current portion of long-term debt24,500 
Less: original issue discount3,397 
Less: unamortized debt issuance costs12,029 
Total long-term debt, net$1,401,324 
Schedule of Debt Instrument Redemption On and after June 15, 2028, the 2032 Notes may be redeemed at the prices set forth below (expressed as percentages of principal amount of the 2032 Notes to be redeemed), plus accrued and unpaid interest thereon, if any, to, but not including, the applicable redemption date, if redeemed during the twelve-month period beginning on June 15 of the years indicated below:
YearPercentage
2028103.813%
2029101.906%
2030 and thereafter100.000%