Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt Instrument [Line Items]

Long-Term debt

Outstanding long-term debt consisted of the following (in thousands):

	March 31,		December 31,		March 31,
	2024		2023		2023
Term Loan Facility (1)	$	1,343,580	$	1,346,229	$	1,354,221
Real Estate Facilities (2)		219,068		166,604		194,802
Other Long-Term Debt		8,168		8,246		3,250
Subtotal		1,570,816		1,521,079		1,552,273
Less: current portion		(25,651)		(22,121)		(26,969)
Total	$	1,545,165	$	1,498,958	$	1,525,304

(1) Net of $11.4 million, $12.0 million, and $13.7 million of original issue discount at March 31, 2024, December 31, 2023, and March 31, 2023, respectively, and $4.4 million, $4.7 million, and $5.5 million of finance costs at March 31, 2024, December 31, 2023, and March 31, 2023, respectively.

(2) Net of $3.9 million, $3.3 million, and $3.9 million of finance costs at March 31, 2024, December 31, 2023, and March 31, 2023, respectively.

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):

	March 31,		December 31,		March 31,
	2024		2023		2023
Senior Secured Credit Facilities:
Term Loan Facility:
Principal amount of borrowings	$	1,400,000	$	1,400,000	$	1,400,000
Less: cumulative principal payments		(40,538)		(37,034)		(26,523)
Less: unamortized original issue discount		(11,433)		(12,016)		(13,721)
Less: unamortized finance costs		(4,449)		(4,721)		(5,535)
		1,343,580		1,346,229		1,354,221
Less: current portion		(14,015)		(14,015)		(14,015)
Long-term debt, net of current portion	$	1,329,565	$	1,332,214	$	1,340,206
Revolving Credit Facility:
Total commitment	$	65,000	$	65,000	$	65,000
Less: outstanding letters of credit		(4,930)		(4,930)		(4,930)
Less: total net leverage ratio borrowing limitation		(37,320)		(37,320)		—
Additional borrowing capacity	$	22,750	$	22,750	$	60,070

Real Estate Facilities

Debt Instrument [Line Items]

Schedule of outstanding amounts and available borrowings

	As of March 31, 2024
	Principal		Remaining			Wtd. Average
(In thousands)	Outstanding(1)		Available(2)			Interest Rate
Real Estate Facilities
M&T Real Estate Facility	$	206,549	$	7,390	(3)		7.63%
First CIBC Real Estate Facility		3,585		—			8.33%
Third CIBC Real Estate Facility		8,934		—			8.08%
	$	219,068	$	7,390

(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.