Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Instrument [Line Items]

Long-Term debt

The following reflects outstanding long-term debt as of December 31, 2024 and 2023, (in thousands):

	December 31,		December 31,
	2024		2023
Term Loan Facility (1)	$	1,335,535	$	1,346,229
Real Estate Facilities (2)		173,132		166,604
Other Long-Term Debt		7,926		8,246
Subtotal		1,516,593		1,521,079
Less: current portion		(23,275)		(22,121)
Total	$	1,493,318	$	1,498,958

(1) Net of $9.6 million and $12.0 million of original issue discount at December 31, 2024 and 2023, respectively, and $3.8 million and $4.7 million of finance costs at December 31, 2024 and 2023, respectively.

(2) Net of $3.1 million and $3.3 million of finance costs at December 31, 2024 and 2023, respectively.

Schedule of Aggregate Maturities of Long-term Debt

The aggregate future maturities of long-term debt at December 31, 2024, excluding original issue discount of $9.6 million and finance costs of $6.9 million, were as follows (in thousands):

Long-term debt instruments
2025	$	25,083
2026		27,856
2027		166,450
2028		1,309,686
2029		248
Thereafter		3,776
Total	$	1,533,099

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,
	2024		2023
Senior Secured Credit Facilities:
Term Loan Facility:
Principal amount of borrowings	$	1,400,000	$	1,400,000
Less: cumulative principal payments		(51,049)		(37,034)
Less: unamortized original issue discount		(9,600)		(12,016)
Less: unamortized finance costs		(3,816)		(4,721)
		1,335,535		1,346,229
Less: current portion		(14,015)		(14,015)
Long-term debt, net of current portion	$	1,321,520	$	1,332,214
Revolving Credit Facility:
Total commitment	$	65,000	$	65,000
Less: outstanding letters of credit		(4,902)		(4,930)
Less: total net leverage ratio borrowing limitation		(37,348)		(37,320)
Additional borrowing capacity	$	22,750	$	22,750

Real Estate Facilities

Debt Instrument [Line Items]

Schedule of outstanding amounts and available borrowings

	As of December 31, 2024
			Remaining			Wtd. Average
(In thousands)	Outstanding(1)		Available(2)			Interest Rate
Real Estate Facilities
M&T Real Estate Facility	$	169,756	$	57,390	(3)		6.55%
First CIBC Real Estate Facility		3,376		—			7.89%
	$	173,132	$	57,390

(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.