Senior Debt (Tables)

12 Months Ended

Dec. 31, 2023

Senior Debt [Abstract]

Schedule of Debt

The senior debt facilities as of December 31, 2023 and 2022 are as follows:

		December 31, 2023						December 31, 2022
(in thousands)	Facility Maturity	Maximum Facility		Amount Outstanding		Amount Available		Maximum Facility		Amount Outstanding		Amount Available
Senior Debt:
ABL Credit Facility(1)	February 17, 2026	$	550,000	$	70,000	$	429,571	$	550,000	$	90,000	$	395,621
Term Loan Facility	February 17, 2028	875,000		811,083		—		875,000		859,688		—
Total		$	1,425,000	881,083		$	429,571	$	1,425,000	949,688		$	395,621
Unamortized debt issuance costs				(14,376)						(18,786)
Total senior debt, net				$	866,707					$	930,902

(1) Borrowing availability is net of issued letters of credit of approximately $50.4 million and $64.4 million for the years ended December 31, 2023 and 2022, respectively

Schedule of Maturities of Long-Term Debt

The table below shows the scheduled maturity dates of our outstanding senior debt at December 31, 2023 for each of the years ending December 31:

(in thousands)	ABL Credit Facility		Term Loan Facility (1)		Total
2024	$	—	$	—	$	—
2025	—		—		—
2026	70,000		—		70,000
2027	—		—		—
2028	—		811,083		811,083
Thereafter	—		—		—
Total senior debt	$	70,000	$	811,083	$	881,083

(1)    Annual installment requirements were reduced by the amount of the excess cash flow payment described above, in accordance with the terms of the credit agreement governing the Term Loan Facility.