INDEBTEDNESS (Tables)

3 Months Ended

Mar. 31, 2023

INDEBTEDNESS

Schedule of carrying value of the current and non-current components of the term loan

	Current
	March 31,		December 31,
(in thousands)	2023		2022
Current borrowing on debt	$	3,000	$	3,000
Deferred financing costs		(2,150)		(2,150)
Current debt, net of deferred financing costs	$	850	$	850

	Non-Current
	March 31,		December 31,
(in thousands)	2023		2022
Non-current borrowing on debt	$	293,250	$	294,000
Deferred financing costs		(7,793)		(8,331)
Non-current debt, net of deferred financing costs and current component	$	285,457	$	285,669

Schedule of contractual maturity of term loan and DDTL

The contractual maturity of our Term Facility is as follows for the period ending:

(in thousands)	Term Facility
2023 (remainder of the year)	$	2,250
2024		3,000
2025		3,000
2026		3,000
2027		285,000
Total	$	296,250

Schedule of components of total interest expense related to the notes and term loan

The following table sets forth the components of total interest expense related to the Term Facility during the three months ended March 31, 2023 and 2022, as recognized in the accompanying unaudited interim condensed consolidated statements of operations for the three months ended March 31, 2023 and 2022:

	Three Months Ended
	March 31,		March 31,
(in thousands)	2023		2022
Contractual coupon	$	7,350	$	6,058
Amortization of finance fees		591		591
Capitalized interest		(21)		(30)
	$	7,920	$	6,619