Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt Instrument [Line Items]

Long-Term debt

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

	June 30,		December 31,		June 30,
	2024		2023		2023
Term Loan Facility (1)	$	1,340,942	$	1,346,229	$	1,351,543
Real Estate Facilities (2)		189,039		166,604		188,449
Other Long-Term Debt		8,087		8,246		8,403
Subtotal		1,538,068		1,521,079		1,548,395
Less: current portion		(24,082)		(22,121)		(26,766)
Total	$	1,513,986	$	1,498,958	$	1,521,629

(1) Net of $10.8 million, $12.0 million, and $13.2 million of original issue discount at June 30, 2024, December 31, 2023, and June 30, 2023, respectively, and $4.2 million, $4.7 million, and $5.3 million of finance costs at June 30, 2024, December 31, 2023, and June 30, 2023, respectively.

(2) Net of $3.6 million, $3.3 million, and $3.6 million of finance costs at June 30, 2024, December 31, 2023, and June 30, 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):

	June 30,		December 31,		June 30,
	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		(44,041)		(37,034)		(30,026)
Less: unamortized original issue discount		(10,839)		(12,016)		(13,167)
Less: unamortized finance costs		(4,178)		(4,721)		(5,264)
		1,340,942		1,346,229		1,351,543
Less: current portion		(14,015)		(14,015)		(14,015)
Long-term debt, net of current portion	$	1,326,927	$	1,332,214	$	1,337,528
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)		(37,320)
Additional borrowing capacity	$	22,750	$	22,750	$	22,750

Real Estate Facilities

Debt Instrument [Line Items]

Schedule of outstanding amounts and available borrowings

	As of June 30, 2024
			Remaining			Wtd. Average
(In thousands)	Outstanding(1)		Available(2)			Interest Rate
Real Estate Facilities
M&T Real Estate Facility	$	185,524	$	7,390	(3)		7.63%
First CIBC Real Estate Facility		3,515		—			8.28%
	$	189,039	$	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.