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Debt Obligations (Tables)
9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Debt Obligations

Debt obligations consists of the following:

 

 

 

As of

 

 

As of

 

 

 

September 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

Revolver facility

 

$

60,500

 

 

$

80,900

 

Debt issuance costs

 

 

(2,083

)

 

 

(2,783

)

Revolver facility, net

 

$

58,417

 

 

$

78,117

 

Term Loan

 

$

204,531

 

 

$

212,500

 

Debt issuance costs

 

 

(1,013

)

 

 

(1,393

)

Term loan, net

 

$

203,518

 

 

$

211,107

 

Total debt obligations

 

$

261,935

 

 

$

289,224

 

 

 

 

September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal Amount

 

 

Base Rate

 

 

SOFR Rate

 

 

Rate Expiration Date

 

 

 

 

 

 

 

 

 

 

 

 

Term Loan

 

$

84,219

 

 

 

2.10

%

 

 

4.94

%

 

10/18/2023

Term Loan

 

 

120,312

 

 

 

2.10

%

 

 

5.35

%

 

12/29/2023

Revolver Facility

 

 

4,000

 

 

 

2.10

%

 

 

5.30

%

 

10/13/2023

Revolver Facility

 

 

6,000

 

 

 

2.10

%

 

 

5.33

%

 

10/23/2023

Revolver Facility

 

 

16,500

 

 

 

2.10

%

 

 

5.42

%

 

11/30/2023

Revolver Facility

 

 

12,000

 

 

 

2.10

%

 

 

5.41

%

 

12/14/2023

Revolver Facility

 

 

20,000

 

 

 

2.10

%

 

 

5.39

%

 

12/27/2023

Revolver Facility

 

 

2,000

 

 

 

2.10

%

 

 

5.39

%

 

12/28/2023

Total

 

$

265,031

 

 

 

 

 

 

 

 

 

Schedule of Maturities of Long-term Debt

Future principal maturities of debt as of September 30, 2023 are as follows:

 

2023

 

$

2,656

 

2024

 

 

10,625

 

2025

 

 

251,750

 

 

$

265,031