A summary of outstanding debt obligations as of June 30, 2026 and December 31, 2025 is as follows: | | | | | | | Successor | | | | | | | Interest | | June 30,
2026 | | | Description | | Term Range | | Rate Range | | (in thousands) | | | ABS III Securitization | | July 2026 - 2041 | | 5.9%-6.7% | | $ | 348,117 | | | ABS II Securitization | | July 2023 - Mar 2038 | | 7.8% - 8.4% | | | — | | | Trail Dust Financing | | Jan 2024 - Jan 2029 | | 7.3% | | | 2,013 | | | Citizens RBL | | Mar 2026 - Mar 2030 | | 7.3% - 9.3% | | | — | | | Equipment financing obligations | | | | | | | 1,462 | | | ABS III debt issuance costs, net | | | | | | | (8,520 | ) | | Total debt | | | | | | $ | 343,072 | | | Current portion | | | | | | | (35,836 | ) | | Total long-term portion | | | | | | $ | 307,236 | | | | | | | | | Predecessor | | | | | | | Interest | | December 31,
2025 | | | Description | | Term Range | | Rate Range | | (in thousands) | | | ABS II Securitization | | Jul 2023 - Mar 2038 | | 7.8% - 8.4% | | $ | 266,892 | | | Trail Dust Financing | | Jan 2024 - Jan 2029 | | 7.3% | | | 2,266 | | | WAB RBL | | Jul 2025 - Dec 2026 | | 7.3% | | | 3,500 | | | Equipment financing obligations | | | | | | | 1,831 | | | ABS II Debt issuance costs, net | | | | | | | (3,918 | ) | | Trail Dust Debt issuance costs, net | | | | | | | (16 | ) | | WAB RBL Debt issuance costs, net | | | | | | | (49 | ) | | Total debt | | | | | | $ | 270,506 | | | Current portion | | | | | | | (45,363 | ) | | Total long-term portion | | | | | | $ | 225,143 | |
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