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Subsequent Events
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
In July 2025, the U.S. President signed the budget reconciliation legislation (House of Representatives 1, or “H.R.1”) into law, commonly referred to as the “One Big Beautiful Bill.” H.R.1 includes significant provisions, such as (i) the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, (ii) modifications to the international tax framework, and (iii) the restoration of favorable tax treatment for certain business provisions. H.R.1 has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. We are currently evaluating the impact of H.R.1 on our unaudited condensed consolidated financial statements.
On July 14, 2025, we entered into an amendment to the Revolving Facility which reduced the revolving loan commitment from $150.0 million to $100.0 million and extended the maturity date from July 2, 2026 to July 14, 2030. In addition, the amendment to the Revolving Facility adds an additional reduction of 0.25% to the existing interest rate margins under the Revolving Facility and 0.05% on the commitment fee upon achieving a total net lien leverage ratio of 3.50 to 1.00 and removes the 0.10% credit spread adjustment to the Secured Overnight Financing Rate benchmark for all available interest periods.