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Debt and Financing Lease Liabilities (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Summary of Debt
Debt was comprised of the following:  
As of December 31,
20232022
Senior secured credit facility, 9.12%, due January 2024 to March 2025 (1) (8)
$279,900 $477,900 
June 2020 construction revolver, 6.96%, due March 2024 (2) (8)
$20,705 $39,536 
July 2020 construction revolver, 5.92%, due June 2023 (2) (8)
— 5,855 
April 2023 construction credit facility, 6.82%, due July 2024
134,415 — 
August 2023 construction credit facility, 9.34%, due August 2026
278,858 — 
August 2023 construction revolver, 6.85%, due April 2030
36,270 — 
Subtotal energy asset construction facilities$470,248 $45,391 
January 2006 variable rate term loan, 0.00%, due June 2024 (2) (3)
$— $3,403 
October 2011 term loan, 6.11% due June 2028 (5)
1,976 2,348 
October 2012 variable rate term loan, 7.88%, due June 2025 (4) (8)
34,453 37,204 
September 2015 variable rate term loan, 7.21%, due March 2028 (4) (8)
13,747 14,084 
August 2016 term loan, 4.95%, due June 2031 (4)
2,253 2,588 
March 2017 term loan, 5.00%, due March 2028 (4)
— 2,258 
April 2017 term loan, 4.50%, due April 2027 (5)
— 1,846 
April 2017 term loan, 5.61%, due February 2034 (4)
1,348 1,437 
June 2017 variable rate term loan, 7.81%, due December 2027 (4) (8)
7,158 7,874 
June 2018 term loan, 5.15%, due December 2038 (2) (4)
21,063 23,255 
June 2018 variable rate term loan, 7.41%, due June 2033 (2) (8) (3)
6,592 6,951 
October 2018 variable rate term loan, 7.86%, due October 2029 (2) (8) (5)
6,145 6,977 
November 2020 fixed rate note, 3.58%, due December 2027 (4)
2,004 2,425 
June 2021 fixed rate note, 4.92%, due June 2045 (4)
3,489 3,474 
July 2021 fixed rate note, 3.25%, due March 2046 (2) (4)
35,090 37,302 
July 2021 variable rate term loan, 9.01%, due July 2030 (2) (4) (8)
2,140 2,915 
June 2022 fixed rate shelf note, 5.45%, due March 2042 (2) (4)
6,395 6,859 
October 2022 fixed rate financing facility, 6.70%, due August 2039
349,093 92,203 
March 2023 fixed rate shelf note 5.99%, due, December 2047 (2) (4)
21,984 — 
August 2023 seller's promissory note, 5.00%, due January 2024
28,294 — 
August 2023 fixed rate note, 5.70%, due April 2047 (2)
3,520 — 
Various Enerqos financing facilities
17,786 — 
Subtotal energy asset term loans$564,530 $255,403 
August 2018 master sale-leaseback, 0.00% to 1.86%, due July 2039 to July 2047 (3) (6)
$163,504 $104,011 
December 2020 master sale-leaseback, 0.00%, due December 2040 to March 2043 (4) (6)
22,194 16,912 
Subtotal sale-leasebacks$185,698 $120,923 
Financing leases (7)
$13,928 $16,060 
Total debt and financing leases$1,514,304 $915,677 
Less: current maturities, net of unamortized discount
322,247 331,479 
Less: unamortized discount and debt issuance costs21,982 15,563 
Long-term debt and financing lease liabilities, net of current portion, unamortized discount and debt issuance costs$1,170,075 $568,635 
(1) Facility has interest at varying rates monthly in arrears.
(2) These agreements have acceleration causes that, in the event of default, as defined, the payee has the option to accelerate payment terms and make the remaining principal and the required interest balance due according to the agreement.
(3) Facility is payable in semi-annual installments.
(4) Facility is payable in quarterly installments.
(5) Facility is payable in monthly installments.
(6) These agreements are sale-leaseback arrangements and are accounted for as failed sales under the guidance and are classified as financing liabilities. See Note 8.
(7) Financing leases are sale-leaseback arrangements under previous guidance and do not include approximately $12,468 in future interest payments as of December 31, 2023 and $14,212 as of December 31, 2022. See Note 8.
(8) These agreements are now using the Secured Overnight Financing Rate (“SOFR”) as the primary reference rate used to calculate interest.
The table below sets forth amounts outstanding under the senior credit facility:
Rate as of December 31, 2023
As of December 31,
20232022
Term loan A8.70 %$75,000 $75,000 
Delayed draw term loan A8.70 %$65,000 $220,000 
Revolving credit facility9.54 %$139,900 $182,900 
Total senior secured credit facility outstanding$279,900 $477,900 
Less: unamortized debt discount and debt issuance costs$(884)$(1,562)
Total senior secured credit facility outstanding, net$279,016 $476,338 
Schedule of Aggregate Maturities of Long-Term Debt
The following table presents the aggregate maturities of long-term debt and financing leases as of December 31, 2023:
2024$324,423 
2025298,569 
2026340,080 
202762,162 
202859,250 
Thereafter429,820 
Total maturities$1,514,304