Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Instrument [Line Items]

Long-Term debt

The following reflects outstanding long-term debt as of December 31, 2022 and 2021 (in thousands):

	December 31,		December 31,
	2022		2021
Term Loan Facility (1)	$	1,360,454	$	1,367,277
Real Estate Facilities (2)		145,911		22,896
Other Long-Term Debt		3,280		3,400
Subtotal		1,509,645		1,393,573
Less: current portion		(25,229)		(15,822)
Total	$	1,484,416	$	1,377,751

(1) Net of $14.2 million and $16.8 million of original issue discount at December 31, 2022 and 2021, respectively, and $5.8 million and $6.9 million of finance costs at December 31, 2022 and 2021, respectively.

(2) Net of $3.4 million and $0.2 million of finance costs at December 31, 2022 and 2021, respectively.

Schedule of Aggregate Maturities of Long-term Debt

The aggregate future maturities of long-term debt at December 31, 2022, were as follows (in thousands):

Long-term debt instruments
2023	$	25,229
2024		22,017
2025		21,492
2026		37,586
2027		116,222
Thereafter		1,310,410
Total		1,532,956

Term Loan Facility

Debt Instrument [Line Items]

Schedule of outstanding amounts and available borrowings

The following table details the outstanding amounts and available borrowings under the Senior Secured Credit Facilities as of (in thousands):

	December 31,		December 31,
	2022		2021
Senior Secured Credit Facilities:
Term Loan Facility:
Principal amount of borrowings	$	1,400,000	$	1,400,000
Less: cumulative principal payments		(19,515)		(9,004)
Less: unamortized original issue discount		(14,224)		(16,826)
Less: unamortized finance costs		(5,807)		(6,893)
		1,360,454		1,367,277
Less: current portion		(14,015)		(14,015)
Long-term debt, net of current portion	$	1,346,439	$	1,353,262
Revolving Credit Facility:
Total commitment	$	65,000	$	65,000
Less: outstanding letters of credit		(4,930)		(4,930)
Additional borrowing capacity	$	60,070	$	60,070

Real Estate Facilities

Debt Instrument [Line Items]

Schedule of outstanding amounts and available borrowings

The following table shows a summary of the outstanding balances, remaining available borrowings, and weighted average interest rate under the M&T Real Estate Facility and the CIBC Real Estate Facilities (collectively the “Real Estate Facilities”) at December 31, 2022:

	As of December 31, 2022
	Principal		Remaining			Wtd. Average
(In thousands)	Outstanding(1)		Available(2)			Interest Rate
Real Estate Facilities
M&T Real Estate Facility	$	124,655	$	122,134	(3)		6.39%
First CIBC Real Estate Facility		3,934		—			6.39%
Second CIBC Real Estate Facility		7,779		—			6.39%
Third CIBC Real Estate Facility		9,543		—			6.14%
	$	145,911	$	122,134

(1) Outstanding principal amounts are net of unamortized finance costs.

(2) Amounts cannot be reborrowed.

(3) Additional borrowings on the M&T Real Estate Facility are subject to a debt service coverage ratio covenant and to the property collateral requirements under the M&T Real Estate Facility.