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Long-term Debt, Net (Tables)

9 Months Ended

Sep. 30, 2025

Debt Instruments [Abstract]

Schedule of long term debt

The Company’s long-term debt, net consists of the following (in thousands):


	September 30, 2025				December 31, 2024
2030 Notes	$	800,000			$	—
Term Loan Facility		—				163,555
Experience Financing		102,094				111,375
2017 Bank Loans		56,205				63,695
EE Revolver		—				—
Total debt		958,299				338,625
Less unamortized debt issuance costs		(16,250	)			(5,072	)
Total debt, net		942,049				333,553
Less current portion, net		(23,230	)			(46,793	)
Total long-term debt, net	$	918,819			$	286,760

Schedule of variable rate debt obligation

The following table shows the range of interest rates and weighted average interest rates incurred on the Company’s variable-rate debt obligations during the nine months ended September 30, 2025.


	For the nine months ended September 30, 2025
	Range		Weighted Average
Term Loan Facility (1)	7.1% – 7.4%		7.3%
Experience Financing	7.3% – 7.8%		7.7%
2017 Bank Loans (2)	6.9% – 9.4%		8.5%
EE Revolver	N/A		N/A

(1)

Weighted average interest rate, net of the impact of settled derivatives, was 6.8% for the nine months ended September 30, 2025.

(2)

Weighted average interest rate, net of the impact of settled derivatives, was 7.2% for the nine months ended September 30, 2025.