Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2025

Debt Instrument [Line Items]

Schedule of outstanding long-term debt

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

	June 30,		December 31,		June 30,
	2025		2024		2024
Term Loan Facility (1)	$	1,330,401	$	1,335,535	$	1,340,942
Real Estate Facilities (2)		168,332		173,132		189,039
Other Long-Term Debt		7,760		7,926		8,087
Subtotal		1,506,493		1,516,593		1,538,068
Less: current portion		(23,023)		(23,275)		(24,082)
Total	$	1,483,470	$	1,493,318	$	1,513,986

(1) Net of $8.3 million, $9.6 million, and $10.8 million of original issue discount at June 30, 2025, December 31, 2024, and June 30, 2024, respectively, and $3.2 million, $3.8 million, and $4.2 million of finance costs at June 30, 2025, December 31, 2024, and June 30, 2024, respectively.

(2) Net of $2.5 million, $3.1 million, and $3.6 million of finance costs at June 30, 2025, December 31, 2024, and June 30, 2024, 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,
	2025		2024		2024
Senior Secured Credit Facilities:
Term Loan Facility:
Principal amount of borrowings	$	1,400,000	$	1,400,000	$	1,400,000
Less: cumulative principal payments		(58,057)		(51,049)		(44,041)
Less: unamortized original issue discount		(8,329)		(9,600)		(10,839)
Less: unamortized finance costs		(3,213)		(3,816)		(4,178)
		1,330,401		1,335,535		1,340,942
Less: current portion		(14,015)		(14,015)		(14,015)
Long-term debt, net of current portion	$	1,316,386	$	1,321,520	$	1,326,927
Revolving Credit Facility:
Total commitment	$	65,000	$	65,000	$	65,000
Less: outstanding letters of credit		(4,902)		(4,902)		(4,930)
Less: total net leverage ratio borrowing limitation		(37,348)		(37,348)		(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, 2025
			Remaining			Wtd. Average
(In thousands)	Outstanding(1)		Available(2)			Interest Rate
Real Estate Facilities
M&T Real Estate Facility	$	165,095	$	57,390	(3)		6.52%
First CIBC Real Estate Facility		3,237		—			7.25%
	$	168,332	$	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.