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Subsequent Events
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 16. Subsequent Events

On April 16, 2025, the Company entered into an interest rate swap agreement with a notional amount of $250.0 million. The interest rate swap will hedge our outstanding debt with a floating SOFR rate with a fixed rate of 3.56%. The interest rate swap agreement is effective as of April 30, 2025 and matures on April 30, 2028.

On May 7, 2025, the Company made a voluntary principal repayment of $15.0 million on its outstanding Amended First Lien Credit Facility. The repayment was made using available cash on hand and reflects the Company’s ongoing efforts to reduce leverage and strengthen its balance sheet. No prepayment penalties were incurred.