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Debt and Other Financing Arrangements (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Summary of Long-Term Obligations

A summary of the Company's long-term obligations as December 31, 2024 and December 31, 2023 are as follows:

 

 

 

December 31, 2024

 

 

December 31, 2023

 

 

 

 

Principal

 

 

Carrying Value

 

 

Effective Interest Rate

 

 

Principal

 

 

Carrying Value

 

 

Effective Interest Rate

 

 

Senior Secured Credit Facilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revolving Credit Facility

 

$

 

 

$

 

 

 

 

 

$

 

 

$

 

 

 

 

 

Term Loan Facility

 

 

518,700

 

 

 

488,298

 

 

 

11.1

%

 

 

396,000

 

 

 

375,920

 

 

 

12.6

%

 

Senior Notes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.00% Senior Notes

 

 

 

 

 

 

 

 

 

 

 

239,601

 

 

 

238,126

 

 

 

6.0

%

 

Other debt:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

European CapEx loans

 

 

 

 

 

 

 

 

 

 

 

784

 

 

 

784

 

 

 

2.2

%

 

Finance leases

 

 

1,090

 

 

 

1,090

 

 

 

5.6

%

 

 

1,124

 

 

 

1,124

 

 

 

2.4

%

 

 

 

 

 

 

489,388

 

 

 

 

 

 

 

 

 

615,954

 

 

 

 

 

Less: Current portion of long-term debt

 

 

 

 

 

(7,939

)

 

 

 

 

 

 

 

 

(5,322

)

 

 

 

 

Long-term debt

 

 

 

 

$

481,449

 

 

 

 

 

 

 

 

$

610,632

 

 

 

 

 

Schedule of Debt Maturities

Debt maturities due in the next five years and thereafter are as follows:

 

Debt Maturities

 

Amount

 

2025

 

$

7,939

 

2026

 

 

5,595

 

2027

 

 

5,398

 

2028

 

 

500,858

 

2029

 

 

 

Total debt liabilities

 

$

519,790