| Schedule of long-term debt |
| | | | | | | | | | | | | Face Value Debt | | Maturity Date | | Interest Rate | | Wtd. Avg. Rate | Revolving Facility | $ | 123,000 | | September 2030 | | | SOFR +
[1.00% - 1.60%] (5) | | | 4.95% | 2029 Term Loan (1) | | 150,000 | | September 2029 | | | SOFR +
[1.15% - 1.75%] | | | 5.35% | 2030 Term Loan (2) | | 150,000 | | September 2030 | | | SOFR +
[1.15% - 1.75%] | | | 4.93% | 2031 Term Loan (3) | | 150,000 | | September 2031 | | | SOFR +
[1.15% - 1.75%] | | | 4.76% | 2032 Term Loan (4) | | 150,000 | | March 2032 | | | SOFR +
[1.15% - 1.75%] | | | 3.43% | Total Long-Term Face Value Debt | $ | 723,000 | | | | | | | | | 4.67% |
(1) | The Company utilized interest rate swaps on the $150.0 million 2029 Term Loan to fix SOFR and achieve a weighted average fixed swap rate of 4.10% plus the applicable spread. |
(2) | The Company utilized interest rate swaps on the $150.0 million 2030 Term Loan balance to fix SOFR and achieve a weighted average fixed swap rate of 3.68% plus the applicable spread. |
(3) | The Company utilized interest rate swaps on the $150.0 million 2031 Term Loan balance to fix SOFR and achieve a fixed swap rate of 3.51% plus the applicable spread. |
(4) | The Company utilized interest rate swaps on the $150.0 million 2032 Term Loan balance to fix SOFR and achieve a weighted average fixed swap rate of 2.18% plus the applicable spread. |
(5) | The interest rate on the Revolving Facility also includes a facility fee of 0.20% based on the Company’s leverage ratio, as defined in the agreement, as of September 30, 2026. |
| | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | | Total | | | Due Within One Year | | | Total | | | Due Within One Year | Revolving Facility | $ | 123,000 | | $ | — | | $ | 151,000 | | $ | — | 2027 Term Loan | | — | | | — | | | 100,000 | | | — | 2028 Term Loan | | — | | | — | | | 100,000 | | | — | 2029 Term Loan | | 150,000 | | | — | | | 125,000 | | | — | 2030 Term Loan | | 150,000 | | | — | | | 125,000 | | | — | 2031 Term Loan | | 150,000 | | | — | | | — | | | — | 2032 Term Loan | | 150,000 | | | — | | | — | | | — | Mortgage Note Payable | | — | | | — | | | 17,800 | | | 17,800 | Financing Costs, net of Accumulated Amortization | | (5,379) | | | — | | | (2,455) | | | — | Total Long-Term Debt | $ | 717,621 | | $ | — | | $ | 616,345 | | $ | 17,800 |
| | | | | Total | Current Face Amount | $ | 723,000 | Financing Costs, net of Accumulated Amortization | | (5,379) | Total Long-Term Debt | $ | 717,621 |
| | | | | | | | | | | | | | Three Months Ended September 30, | | | Nine Months Ended September 30, | | | 2026 | | | 2025 | | | 2026 | | | 2025 | Interest Expense (1) | $ | 7,585 | | $ | 6,533 | | $ | 21,971 | | $ | 18,843 | Amortization of Deferred Financing Costs | | 349 | | | 300 | | | 1,017 | | | 940 | Amortization of Discount on Convertible Notes | | — | | | — | | | — | | | 45 | Total Interest Expense | $ | 7,934 | | $ | 6,833 | | $ | 22,988 | | $ | 19,828 | | | | | | | | | | | | | Total Interest Paid | $ | 7,805 | | $ | 4,160 | | $ | 21,920 | | $ | 16,950 |
(1) Net of capitalized interest of $0.1 million and $0.4 million during the three and nine months ended September 30, 2026, respectively, and $0.1 million capitalized during the nine months ended September 30, 2025.
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