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Credit Facility and Bank Loans (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Credit Facility

The Company’s debt balance consisted of the following (in thousands):

 

 

June 30,
2025

 

 

December 31,
2024

 

Term Loan

 

$

246,875

 

 

$

281,500

 

Revolver Loan

 

 

162,000

 

 

 

146,732

 

Promissory Note Payable

 

 

9,875

 

 

 

9,875

 

Total debt

 

 

418,750

 

 

 

438,107

 

 

 

 

 

 

 

 

Less: Current portion of debt

 

 

(12,500

)

 

 

(9,375

)

Less: Unamortized financing costs

 

 

(5,193

)

 

 

(3,433

)

 

 

 

 

 

 

 

Long-term debt

 

$

401,057

 

 

$

425,299

 

 

Schedule of Future Commitments of Credit Facility

The following are the future commitments, as of June 30, 2025, of the Company’s debt for the years ending December 31 (in thousands):

 

 

Amount

 

2025 (excluding the six months ended June 30, 2025)

 

$

6,250

 

2026

 

 

12,500

 

2027

 

 

27,063

 

2028

 

 

18,750

 

2029

 

 

23,437

 

Thereafter

 

 

330,750

 

 

 

 

 

Total

 

$

418,750