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Debt Obligations (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Debt Obligations

Debt obligations consists of the following:

 

 

 

As of

 

 

As of

 

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Gross revolving credit facility state tax credits

 

$

 

 

$

1,533

 

Debt issuance costs

 

 

(8

)

 

 

(25

)

Revolving credit facility state tax credits, net

 

$

(8

)

 

$

1,508

 

Gross notes payable to sellers

 

$

-

 

 

$

41,064

 

Less debt discount

 

 

-

 

 

 

(9,205

)

Notes payable to sellers, net

 

$

-

 

 

$

31,859

 

Gross credit and guaranty facility

 

$

-

 

 

$

261,683

 

Debt issuance costs

 

 

-

 

 

 

(4,995

)

Credit and guaranty facility, net

 

$

-

 

 

$

256,688

 

Revolver facility

 

$

90,900

 

 

$

-

 

Debt issuance costs

 

 

(233

)

 

 

-

 

Revolver facility, net

 

$

90,667

 

 

$

-

 

Term Loan

 

$

125,000

 

 

$

-

 

Debt issuance costs

 

 

(3,163

)

 

 

-

 

Term loan, net

 

$

121,837

 

 

$

-

 

Total debt obligations

 

$

212,496

 

 

$

290,055

 

Schedule of Maturities of Long-term Debt

Future principal maturities of debt as of December 31, 2021 are as follows:

 

2022

 

$

-

 

2023

 

 

6,250

 

2024

 

 

6,250

 

2025

 

 

203,400

 

 

 

$

215,900