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Long-term Debt (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Long-term debt

Long-term debt consisted of the following:

 

 

 

June 30,

 

 

December 31,

 

(In thousands)

 

2026

 

 

2025

 

Term Loan A Facility, due February 12, 2031

 

$

739,401

 

 

$

 

Term Loan B Facility, due August 12, 2031

 

 

763,710

 

 

 

 

Total

 

 

1,503,111

 

 

 

 

Less: current portion

 

 

(26,500

)

 

 

 

Long-term debt

 

$

1,476,611

 

 

$

 

Scheduled of maturities long term debt

Scheduled maturities with respect to the Facilities are as follows (in thousands):

 

Year Ending December 31:

 

 

 

2026

 

$

19,875

 

2027

 

 

26,500

 

2028

 

 

40,563

 

2029

 

 

45,250

 

2030

 

 

45,250

 

Thereafter

 

 

1,347,562

 

Total

 

$

1,525,000

 

The Company is subject to mandatory prepayments of principal in certain circumstances, as set forth in the Facilities. To date, the Company has not been required to make any such mandatory prepayments. The Facilities also contain customary affirmative covenants and events of default. The Company was in compliance with its debt covenants at June 30, 2026