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

A summary of the Company’s long-term obligations as of March 31, 2025 and December 31, 2024 are as follows:

 

 

 

March 31, 2025

 

 

December 31, 2024

 

 

 

 

Principal

 

 

Carrying Value

 

 

Effective Interest Rate

 

 

Principal

 

 

Carrying Value

 

 

Effective Interest Rate

 

 

Senior Secured Credit Facilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revolving Credit Facility

 

$

 

 

$

 

 

 

 

 

$

 

 

$

 

 

 

 

 

Term Loan Facility

 

 

515,225

 

 

 

486,274

 

 

 

10.9

%

 

 

518,700

 

 

 

488,298

 

 

 

11.1

%

 

Other debt:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance leases

 

 

1,300

 

 

 

1,300

 

 

 

7.3

%

 

 

1,090

 

 

 

1,090

 

 

 

5.6

%

 

 

 

 

 

 

487,574

 

 

 

 

 

 

 

 

 

489,388

 

 

 

 

 

Less: Current portion of long-term debt

 

 

 

 

 

(5,811

)

 

 

 

 

 

 

 

 

(7,939

)

 

 

 

 

Long-term debt

 

 

 

 

$

481,763

 

 

 

 

 

 

 

 

$

481,449

 

 

 

 

 

Schedule of Debt Maturities

Debt maturities as of March 31, 2025, which are due in the next five years are as follows:

 

Debt Maturities

 

Amount

 

Nine remaining months of 2025

 

$

4,511

 

2026

 

 

5,648

 

2027

 

 

5,552

 

2028

 

 

500,814

 

Total debt liabilities

 

$

516,525