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Subsequent Events
6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events
Note 16. Subsequent Events
On August 6, 2024, the Company entered into the Fourth Amendment to its Credit Agreement (the “Fourth Amendment”) to provide up to $275.0 million of additional delayed draw term loan commitments. The Company is required to pay a quarterly ticking fee at a rate of 0.350%, increasing to 0.500% per annum on the daily unused amount of such new delayed draw term loan commitments though the earlier of the funding date or May 6, 2025. Once borrowed, the additional delayed draw term loans will bear interest, at the Company’s option, at either (a) a base rate, defined as a fluctuating rate per annum equal to the greatest of (i) the prime rate then in effect, (ii) the federal funds rate then in effect, plus 0.50% per annum, and (iii) an adjusted term SOFR rate determined on the basis of a one-month interest period, plus 1.00%, in each case, plus a margin of between 0.75% and 1.25%; and (b) an adjusted term SOFR rate (based on one, three or six month interest periods), plus a margin of between 1.75% and 2.25%.