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Credit Facility (Tables) | 9 Months Ended
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Apr. 30, 2026
Line of Credit Facility [Abstract] |
Schedule of Line of Credit Facilities | The following table summarizes the cumulative activity relating to deferred financing costs and discounts under the Credit Facility:
| Deferred Financing Costs |  | Discount |  |  |  |
| Term Loan |  | Revolver |  | Total |  | Term Loan |  | Total |  |
Credit facility and amendment fees | $ | 6,626,000 |  |  | 4,328,000 |  |  | $ | 10,954,000 |  |  | $ | 16,812,000 |  |  | $ | 27,766,000 |  |  |
Term loan proceeds allocated to Lender warrants | — |  |  | — |  |  | — |  |  | 3,011,000 |  |  | 3,011,000 |  |  |
Term loan proceeds allocated to embedded derivative | — |  |  | — |  |  | — |  |  | 3,116,000 |  |  | 3,116,000 |  |  |
Write-off due to prepayments and reduced commitments | (1,788,000) |  |  | (1,707,000) |  |  | (3,495,000) |  |  | (5,482,000) |  |  | (8,977,000) |  |  |
Amortization | (1,315,000) |  |  | (714,000) |  |  | (2,029,000) |  |  | (3,653,000) |  |  | (5,682,000) |  |  |
Balance at July 31, 2025 | $ | 3,523,000 |  |  | 1,907,000 |  |  | $ | 5,430,000 |  |  | $ | 13,804,000 |  |  | $ | 19,234,000 |  |  |
Amortization | (738,000) |  |  | (477,000) |  |  | (1,215,000) |  |  | (2,893,000) |  |  | (4,108,000) |  |  |
Balance at April 30, 2026 | $ | 2,785,000 |  |  | 1,430,000 |  |  | $ | 4,215,000 |  |  | $ | 10,911,000 |  |  | $ | 15,126,000 |  |  |
The amount of debt outstanding under our Credit Facility was as follows:
|  | April 30, 2026 |  | July 31, 2025
Term Loan |  | $ | 116,031,000 |  |  | $ | 116,260,000 |
Less: Unamortized deferred financing costs related to term loan |  | 2,785,000 |  |  | 3,523,000 |
Less: Unamortized discount related to term loan |  | 10,911,000 |  |  | 13,804,000 |
Term loan, net |  | 102,335,000 |  |  | 98,933,000 |
Revolving Loan |  | 3,641,000 |  |  | 17,641,000 |
Embedded derivative related to credit facility |  | 2,267,000 |  |  | 1,890,000 |
Amount outstanding under credit facility, net |  | $ | 108,243,000 |  |  | 118,464,000 |
Less: Current portion of credit facility |  | 4,050,000 |  |  | 4,050,000 |
Non-current portion of credit facility, net |  | $ | 104,193,000 |  |  | $ | 114,414,000 |
The following table reconciles the amount outstanding under the Subordinated Credit Facility to its net carrying value:
|  |  |  | April 30, 2026 |  | July 31, 2025 |  |
Subordinated credit facility, including interest paid-in-kind |  |  |  |  |  | $ | 104,135,000 |  |  | 100,144,000 |  |  |
Less: Unamortized deferred financing costs |  |  |  |  |  | 1,287,000 |  |  | 1,528,000 |  |  |
Less: Unamortized discount |  |  |  |  |  | 12,978,000 |  |  | 15,404,000 |  |  |
Plus: Accretion of make-whole amount |  |  |  |  |  | 16,211,000 |  |  | 6,623,000 |  |  |
Subordinated credit facility, net - subtotal |  |  |  |  |  | 106,081,000 |  |  | 89,835,000 |  |  |
Embedded derivative related to redemption features |  |  |  |  |  | 798,000 |  |  | 5,753,000 |  |  |
Amount outstanding under the subordinated credit facility, net |  |  |  |  |  | 106,879,000 |  |  | 95,588,000 |  |  |
Less: Current portion of subordinated credit facility |  |  |  |  |  | — |  |  | — |  |  |
Non-current portion of subordinated credit facility, net |  |  |  |  |  | $ | 106,879,000 |  |  | 95,588,000 |  |  |

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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