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Debt (Tables)
3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Carrying Values of Debt

As of March 31, 2023 and December 31, 2022 the carrying values of debt were as follows:

 

 

 

 

 

 

March 31, 2023

 

December 31, 2022

 

 

Issuance
date

Maturity
date

 

Amount
(in thousands)

 

Effective
Interest Rate

 

Amount
(in thousands)

 

Effective
Interest Rate

2018 Credit Facility

 

October 2018

October 2025

 

$

185,100

 

8.1% - 8.7%

 

$

185,650

 

3.9% - 8.1%

Less: Unamortized issuance discount and issuance costs, net

 

 

 

 

 

759

 

 

 

 

834

 

 

Less: Debt, current

 

 

 

 

 

1,900

 

 

 

 

1,900

 

 

Debt, non-current

 

 

 

 

$

182,441

 

 

 

$

182,916

 

 

Schedule of Future Minimum Payment Obligations of Principal Amounts Due

As of March 31, 2023, future minimum payment obligations of principal amounts due by year under the 2018 Credit Facility were as follows (in thousands):

 

Remainder of 2023

$

1,650

 

2024

 

2,200

 

2025

 

181,250

 

Total principal outstanding

$

185,100