DEBT AND CREDIT FACILITIES (Tables)

3 Months Ended

Mar. 31, 2026

The following table presents total debt under the 2022 Credit Agreement and the LSA (together, “the Credit Facilities”) (in thousands):


	March 31, 2026		December 31, 2025
Current portion of long-term debt
2022 Credit Agreement	$	8,600	$	—
Long-term debt, net of current portion
2022 Credit Agreement (1)	583,400		427,000
LSA (weighted average interest rate of 4.50% at March 31, 2026)	286,200		325,000
Total long-term debt, net of current portion	869,600		752,000
Total debt	$	878,200	$	752,000

(1) As of March 31, 2026, our outstanding revolving credit loan balance under the 2022 Credit Agreement consisted of:

•$217.0 million at a weighted average variable interest rate of 5.39%;

•$90.0 million which is effectively fixed at 6.24% with interest rate swap agreements through July 2026;

•$75.0 million which is effectively fixed at 6.36% with an interest rate swap agreement through April 2027;

•$75.0 million which is effectively fixed at 6.21% with an interest rate swap agreement through May 2027;

•$75.0 million which is effectively fixed at 5.26% with an interest rate swap agreement through August 2028; and

•$60.0 million which is effectively fixed at 5.27% with interest rate swap agreements through July 2028.

Availability under the LSA is calculated as follows (in thousands):


	March 31, 2026
Borrowing base, based on eligible receivables	$	286,371
Less: outstanding borrowings	(286,200)
Availability under LSA	$	171

At March 31, 2026, the aggregate maturities of future debt principal payments under the Credit Facilities are as follows (in thousands):