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

Debt obligations consists of the following:

 

 

 

As of

 

 

As of

 

 

 

March 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

Revolver facility

 

$

77,900

 

 

$

80,900

 

Debt issuance costs

 

 

(2,552

)

 

 

(2,783

)

Revolver facility, net

 

$

75,348

 

 

$

78,117

 

 

 

 

 

 

 

 

Term Loan

 

$

209,844

 

 

$

212,500

 

Debt issuance costs

 

 

(1,295

)

 

 

(1,393

)

Term loan, net

 

$

208,549

 

 

$

211,107

 

Total debt obligations

 

$

283,897

 

 

$

289,224

 

 

 

 

March 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

Maturity Date

 

Aggregate Facility Size

 

 

Outstanding Debt

 

 

Amount Available

 

 

Net Carrying Value

 

 

Average Interest Rate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term Loan

 

12/22/2025

 

$

212,500

 

 

$

209,844

 

 

$

 

 

$

208,549

 

 

 

6.62

%

Revolver Facility

 

12/22/2025

 

 

162,500

 

 

 

77,900

 

 

 

84,600

 

 

 

75,348

 

 

 

6.20

%

Total

 

 

 

$

375,000

 

 

$

287,744

 

 

$

84,600

 

 

$

283,897

 

 

 

 

Schedule of Maturities of Long-term Debt

Future principal maturities of debt as of March 31, 2023 are as follows:

 

2023

 

$

7,969

 

2024

 

 

10,625

 

2025

 

 

269,150

 

 

$

287,744