Long-term debt, Net (Tables)

12 Months Ended

Dec. 31, 2024

Debt Instruments [Abstract]

Schedule of long term debt

The Company’s long-term debt, net consists of the following (in thousands):

	December 31, 2024			December 31, 2023
Term Loan Facility	$	163,555		$	185,430
Experience Vessel Financing		111,375			123,750
2017 Bank Loans		63,695			74,013
EE Revolver		—			—
Total debt		338,625			383,193
Less unamortized debt issuance costs		(5,072	)		(7,212	)
Total debt, net		333,553			375,981
Less current portion, net		(46,793	)		(42,614	)
Total long-term debt, net	$	286,760		$	333,367

Schedule of variable rate debt obligation

The following table shows the range of interest rates and weighted average interest rates incurred on our variable-rate debt obligations during the years ended December 31, 2024, 2023 and 2022.

	2024		2023		2022
	Range	Weighted Average	Range	Weighted Average	Range	Weighted Average
Term Loan Facility (1)	7.7% – 8.4%	8.3%	7.8% – 8.5%	8.3%	N/A	N/A
Experience Vessel Financing	7.3% – 9.1%	8.6%	8.0% – 8.8%	8.4%	3.5% – 6.8%	4.8%
2017 Bank Loans (2)	7.3% – 10.2%	9.4%	7.0% – 10.1%	9.1%	2.6% – 7.0%	5.2%
EE Revolver	N/A	N/A	N/A	N/A	3.9%	3.9%

(1)Weighted average interest rate, net of the impact of settled derivatives, was 6.9% and 5.8% for the years ended December 31, 2024 and 2023, respectively.

(2)Weighted average interest rate, net of the impact of settled derivatives, was 7.1%, 6.4% and 5.8% for the years ended December 31, 2024, 2023 and 2022, respectively.

Summary of Future principal payments on long-term debt outstanding

Future principal payments on long-term debt outstanding as of December 31, 2024 are as follows (in thousands):

2025	$	48,435
2026		49,239
2027		138,636
2028		25,999
2029		26,816
Thereafter		49,500
Total debt, net	$	338,625