Debt (Tables)

9 Months Ended

Sep. 30, 2026

Long-term debt consisted of the following (in thousands):


	September 30,		December 31,
	2026		2025
Bank credit facility - term loan	$	897,750	$	296,250
Bank credit facility - revolving facility	20,000		—
Amortizing notes	61,043		—
Principal amount of long-term debt	978,793		296,250
Less: unamortized debt issuance costs	(18,854)		(3,446)
Total debt, net of debt issuance costs	959,939		292,804
Less: current portion	(32,344)		(7,500)
Total long-term debt, net of current portion	$	927,595	$	285,304

Schedule of Term Loan Payments

Future required payments of outstanding debt as of September 30, 2026 are as follows (in thousands):


Year Ending	Term Loan		Revolving Facility		Amortizing Notes		Total
Remainder of 2026	$	2,250	$	—	$	5,708	$	7,958
2027	9,000		—		23,691		32,691
2028	9,000		—		25,128		34,128
2029	9,000		—		6,516		15,516
2030	9,000		20,000		—		29,000
2031	9,000		—		—		9,000
Thereafter	850,500		—		—		850,500
Total	$	897,750	$	20,000	$	61,043	$	978,793

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details