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

Debt outstanding as of March 31, 2025 and December 31, 2024 consisted of the following (in thousands):

 

 

 

March 31,
2025

 

 

December 31,
2024

 

Credit Agreement

 

 

 

 

 

 

Term Loan

 

$

320,823

 

 

$

320,823

 

Unamortized discount on term loan

 

 

(2,752

)

 

 

(2,889

)

Unamortized debt issuance costs on term loan

 

 

(4,809

)

 

 

(5,049

)

Revolver

 

 

80,000

 

 

 

110,000

 

Total Credit Agreement

 

 

393,262

 

 

 

422,885

 

8.625% Secured Notes due 2029

 

 

 

 

 

 

Notes Due in 2029

 

 

650,000

 

 

 

650,000

 

Unamortized debt issuance costs

 

 

(11,469

)

 

 

(12,039

)

Total 8.625% Secured Notes due 2029

 

 

638,531

 

 

 

637,961

 

10.250% Unsecured Notes due 2031

 

 

 

 

 

 

Notes Due in 2031

 

 

625,000

 

 

 

625,000

 

Unamortized debt issuance costs

 

 

(11,202

)

 

 

(11,522

)

Total 10.25% Unsecured Notes due 2031

 

 

613,798

 

 

 

613,478

 

6.50% Exchangeable Senior Notes due 2026

 

 

 

 

 

 

Notes Due in 2026

 

 

 

 

 

100

 

Unamortized debt issuance costs

 

 

 

 

 

 

Total 6.50% Exchangeable Senior Notes due 2026

 

 

 

 

 

100

 

Finance Lease Liabilities

 

 

378

 

 

 

556

 

Other debt, net of unamortized debt issuance costs

 

 

37,746

 

 

 

38,048

 

Total debt

 

 

1,683,715

 

 

 

1,713,028

 

Current portion of finance lease liabilities and long-term debt

 

 

(25,622

)

 

 

(1,612

)

Finance Lease Liabilities, long-term portion

 

 

 

 

 

(219

)

Long-Term Debt

 

$

1,658,093

 

 

$

1,711,197