DEBT (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of debt

	As of December 31,
(In millions)	2025		2024
Private Placement Term Loans:
3.37 %, payable through 2027	$	23.1	$	34.6
3.14 %, payable through 2031		85.8		100.1
Title XI Debt:
1.22 %, payable through 2043		142.4		150.3
1.35 %, payable through 2044		109.9		115.9
Revolving credit facility, maturity date of July 23, 2030		—		—
Total Debt		361.2		400.9
Less: Current portion		(39.7)		(39.7)
Total Long-term Debt		321.5		361.2
Less: Deferred loan fees		(9.4)		(10.4)
Total Long-term Debt, net of deferred loan fees	$	312.1	$	350.8

Schedule of maturities of debt

	As of
Year (in millions)	December 31, 2025
2026	$	39.7
2027		39.7
2028		28.2
2029		28.2
2030		28.2
Thereafter		197.2
Total Debt	$	361.2

Schedule of deferred loan fees

Deferred Loan Fees (in millions)	Amount
Balance at December 31, 2024	$	10.4
Payment of deferred loan fees		0.1
Amortization expense		(1.1)
Balance at December 31, 2025	$	9.4

Schedule of estimated amortization expense relating to deferred loan fees

Year (in millions)	Amount
2026	$	1.0
2027		1.0
2028		0.9
2029		0.8
2030		0.8
Thereafter		4.9
Total amortization expense of deferred loan fees	$	9.4

Revolving Credit Facility

Schedule of deferred loan fees

Revolving Credit Facility Deferred Loan Fees (in millions)	Amount
Balance at December 31, 2024	$	0.7
Payment of deferred loan fees		1.9
Amortization expense		(0.5)
Balance at December 31, 2025	$	2.1

Schedule of estimated amortization expense relating to deferred loan fees

As of December 31, 2025, amortization expense relating to revolving credit facility deferred loan fees are as follows:

Year (in millions)	Amount
2026	$	0.5
2027		0.5
2028		0.4
2029		0.4
2030		0.3
Thereafter		—
Total amortization expense of revolving credit facility deferred loan fees	$	2.1