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Debt Obligations (Tables)
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Debt Obligations

Debt obligations consists of the following:

 

 

 

As of

 

 

As of

 

 

 

September 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Revolver facility

 

$

 

 

$

90,700

 

Debt issuance costs

 

 

(3,540

)

 

 

(1,848

)

Revolver facility, net

 

$

(3,540

)

 

$

88,852

 

 

 

 

 

 

 

 

Term Loan

 

$

325,000

 

 

$

201,875

 

Debt issuance costs

 

 

(2,049

)

 

 

(883

)

Term loan, net

 

$

322,951

 

 

$

200,992

 

Total debt obligations, net

 

$

319,411

 

 

$

289,844

 

 

 

 

 

 

 

September 30, 2024

 

 

Principal Amount

 

 

Base Rate

 

 

SOFR Rate

 

 

Rate Expiration Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term Loan

 

$

325,000

 

 

 

2.60

%

 

 

5.08

%

 

2/1/2025

Total

 

$

325,000

 

 

 

 

 

 

 

 

 

Schedule of Maturities of Long-term Debt

Future principal maturities of debt as of September 30, 2024 are as follows:

 

2024

 

$

-

 

2025

 

 

4,063

 

2026

 

 

16,250

 

2027

 

 

16,250

 

2028

 

 

288,437

 

 

$

325,000