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Debt (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Summary of borrowings
The following table is a summary of the Company’s borrowing as of June 30, 2022:
June 30, 2022December 31, 2021
Long-term debt
Floating rate loans due August 2025 (11.25% at June 30, 2022)(1)
$426,127 $417,685 
Floating rate loans due September 2026 (10.50% at June 30, 2022)(2)
356,894 227,300 
Total debt principal783,021 644,985 
Unamortized debt discount and issuance costs(18,038)(18,265)
Long-term debt$764,983 $626,720 
(1) As of June 30, 2022 and December 31, 2021, paid in kind interest of $26,127 and $17,685, respectively, are included in the principal balance.
(2) As of June 30, 2022 and December 31, 2021, paid in kind interest of $6,894 and $2,300, respectively, are included in the principal balance.
Schedule of required repayments of debt principal The following is a summary of the Company's required repayments of debt principal due during each of the next five years, as of June 30, 2022:
2022$— 
202310,587 
202439,958 
2025411,272 
2026321,204 
$783,021