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Senior Debt (Tables)
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Summary of Debt

Debt as of March 31, 2025 and December 31, 2024 consisted of the following:

(in thousands)

 

March 31, 2025

 

 

December 31, 2024

 

Outstanding borrowings under Credit Facility (defined below)

 

 

 

 

 

 

Term loan

 

$

 

 

$

 

Revolving credit facility

 

 

334,700

 

 

 

214,200

 

Total outstanding borrowings under the Credit Facility

 

 

334,700

 

 

 

214,200

 

Outstanding borrowings under the joint venture term debt

 

 

6,885

 

 

 

7,297

 

Other borrowings

 

 

545

 

 

 

 

Unamortized debt discount

 

 

(2,420

)

 

 

(2,617

)

Total outstanding borrowings

 

 

339,710

 

 

 

218,880

 

   Less: current portion

 

 

(1,673

)

 

 

(1,650

)

Total debt, less current portion

 

$

338,037

 

 

$

217,230