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Note 12. Debt (Tables)
12 Months Ended
Dec. 31, 2025
Debt Instruments [Abstract]  
Schedule of debt arrangements
Our debt arrangements consisted of the following at December 31, 2025 and 2024 (in thousands):
Balance (USD)
Loan AgreementCurrency20252024
Revolving Credit Facility
USD
$— $— 
India Credit FacilityUSD373,651 464,550 
India HSBC Working Capital Facility
INR
46,719 69,097 
India Credit Agricole Working Capital Facility
INR
41,157 — 
India JPM Working Capital Facility
INR
26,140 28,490 
India Citibank Working Capital Facility
INR
11,123 48,017 
Total debt principal498,790 610,154 
Less: unamortized issuance costs(218)(376)
Total debt498,572 609,778 
Less: current portion(215,979)(236,424)
Noncurrent portion$282,593 $373,354 
Schedule of borrowing rates on outstanding debt arrangements
As of December 31, 2025, the borrowing rates for our outstanding debt arrangements were as follows:
Loan Agreement
Interest Rate Description
Interest Rate
India Credit FacilityU.S. Treasury Constant Maturity Yield plus 1.75%5.57%
India HSBC Working Capital Facility (1)
India Treasury bill rate plus 1.25%
6.50%
India Credit Agricole Working Capital Facility (1)
Overnight Index Swap rate plus 1.14% to 1.23%
6.53%
India JPM Working Capital Facility (1)
India Treasury bill rate plus 1.3%
6.57%
India Citibank Working Capital Facility (1)
India Treasury bill rate plus 1.25%
6.42%
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(1)The weighted-average interest rate for our outstanding short-term debt arrangements was 6.52% as of December 31, 2025.
Schedule of future principal payments on long-term debt
At December 31, 2025, the future principal payments on our long-term debt were due as follows (in thousands):
Total Debt
2026$90,899 
202790,950 
202891,000 
2029100,802 
Total long-term debt future principal payments$373,651