TRUIST CREDIT FACILITY (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

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

The following table sets forth the total interest expense related to the Credit Facility, as recognized in the accompanying unaudited condensed consolidated statements of operations for the three and nine months ended September 30, 2024:

	Three Months Ended September 30,		Nine Months Ended September 30,
(in thousands)	2024		2024
Contractual coupon	$	2,883	$	16,644
Amortization of deferred financing costs	295		1,477
Capitalized interest	(138)		(401)
	$	3,040	$	17,720

The following table sets forth the components of total interest expense, net recognized in the accompanying unaudited condensed consolidated statements of operations for the three and nine months ended September 30, 2025 and 2024:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2025		2024		2025		2024
Contractual coupon interest expense, Truist	$	—	$	(4,003)	$	—	$	(20,993)
Contractual coupon interest expense, Term Loan A	$	(5,662)	(1,061)		(16,806)		(1,061)
Contractual coupon interest expense, Convertible Notes	$	(1,779)	(969)		(5,317)		(969)
Amortization of deferred financing costs	$	(838)	(625)		(2,484)		(1,806)
Interest expense	(8,279)		(6,658)		(24,607)		(24,829)
Capitalized interest related to Construction in Progress	115		138		269		401
Interest and dividend income on bank balances	2,180		2,537		4,957		7,960
Interest income on interest rate swap	1,257		1,652		3,732		4,881
Interest income	3,552		4,327		8,958		13,242
Interest expense, net	$	(4,727)	$	(2,331)	$	(15,649)	$	(11,587)