| Schedule of Long-Term Debt Instruments |
The carrying value of debt presented within current portion of indebtedness and long-term indebtedness, net of debt discounts, on the condensed consolidated balance sheets as of September 30, 2026 and December 31, 2025 includes the following components: | | | | | | | | | | | | | As of September 30, 2026 | | As of December 31, 2025 | | | | | | (amounts in thousands) | | 2023 Term Loan Initial Draw - January 18, 2023 | $ | — | | | $ | 200,000 | | | Exit fee on 2023 Term Loan - January 18, 2023 | — | | | 2,000 | | | 2023 Term Loan Subsequent Draw - March 5, 2024 | — | | | 200,000 | | | Exit fee on 2023 Term Loan - March 5, 2024 | — | | | 2,000 | | | 2026 Term Loan Initial Draw - April 1, 2026 | 400,000 | | | — | | | Less: Unamortized debt discounts and financing costs | (6,998) | | | (25,550) | | | Net debt | $ | 393,002 | | | $ | 378,450 | |
The components of interest expense associated with the Company’s long-term indebtedness, excluding finance leases, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | (amounts in thousands) | | Debt discount amortization | $ | 312 | | | $ | 2,463 | | | $ | 3,234 | | | $ | 12,163 | | | Interest expense | 8,926 | | | 11,036 | | | 28,016 | | | 33,311 | | | Interest expense on long-term indebtedness, excluding finance leases | $ | 9,238 | | | $ | 13,499 | | | $ | 31,250 | | | $ | 45,474 | |
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