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Long-term Debt (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Summary of the Company's Long-term Debt

The following table provides a summary of the Company’s long-term debt, net at:

($ in thousands)		March 31, 2025				December 31, 2024
2021 Term Loan, due 2028		$	693,314			$	695,568
Senior Notes, due 2029			350,000				350,000
Less: original issue discounts			(2,138	)			(2,322	)
Less: unamortized deferred financing costs			(8,332	)			(9,035	)
Total long-term debt, net		$	1,032,844			$	1,034,211

Schedule of Consolidated First Lien Net Leverage Ratio and Applicable Prepayment Percentage

In addition, the 2021 Term Loan requires mandatory prepayments equal to the product of the excess cash flows of the Company (as defined in the 2021 Term Loan agreement) and the applicable prepayment percentages (calculated as of the last day of the fiscal year), as set forth in the following table:

Consolidated First Lien Net Leverage Ratio (As Defined by the 2021 Term Loan Agreement)		Applicable Prepayment Percentage
> 3.70:1.00		50%
< 3.70:1.00 and > 3.20:1.00		25%
< 3.20:1.00		0%

Summary of Senior Notes Redemption Prices Set Forth in Percentages by Year

The Company may redeem all or a portion of the Senior Notes at the redemption prices set forth below in percentages by year, plus accrued and unpaid interest:

Year		Percentage
2025		101.375%
2026 and thereafter		100.000%

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