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Long-term Debt (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Debt

At March 31, 2026 and December 31, 2025, long-term debt consisted of:

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

Average
Interest Rate

 

Outstanding
Balance

 

 

Average
Interest Rate

 

Outstanding
Balance

 

Term Loan

 

 

 

$

200,250

 

 

 

 

$

200,250

 

Delayed-Draw Term Loan

 

 

 

 

154,000

 

 

 

 

 

154,000

 

Revolving Credit

 

 

 

 

86,037

 

 

 

 

 

48,484

 

 

 

5.0%

 

 

440,287

 

 

5.6%

 

 

402,734

 

 Unamortized debt issuance costs

 

 

 

 

(1,103

)

 

 

 

 

(1,379

)

Total

 

 

 

$

439,184

 

 

 

 

$

401,355

 

Schedule of Future Scheduled Repayments of Debt Principal

Future scheduled repayments of debt principal are as follows:

Payments due by

 

Term Loan

 

 

Delayed-Draw Term Loan

 

 

Revolving Credit

 

 

Total

 

May 6, 2027 (Maturity) (1)

 

 

200,250

 

 

 

154,000

 

 

 

86,037

 

 

 

440,287

 

(1)
On April 10, 2026, the Company refinanced the Credit Facility, extending the maturity date to April 10, 2031. See Note 15 – Subsequent Event.