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v3.24.3

Debt (Tables) | 3 Months Ended
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Sep. 30, 2024
Debt |
Schedule of long term debt | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Revolving Credit and Term A-1 Loans | ​ | Term A-2 Loans
Net Leverage Ratio | ​ | Base rate | SOFR | ​ | Base rate | SOFR
≥ 4.00:1.00 |  | 1.75 | % | 2.75 | % |  | 2.25 | % | 3.25 | %
≥ 3.50:1.00 and < 4.00:1.00 | ​ | 1.50 | % | 2.50 | % | ​ | 2.00 | % | 3.00 | %
≥ 2.25:1.00 and < 3.50:1.00 | ​ | 1.25 | % | 2.25 | % | ​ | 1.75 | % | 2.75 | %
< 2.25:1.00 | ​ | 1.00 | % | 2.00 | % | ​ | 1.50 | % | 2.50 | %
​
​ | ​ | ​ | ​
Period | maximum Net Leverage Ratio | ​ | minimum interest coverage ratio
Prior to October 31, 2024 | 4.00:1.00 | ​ | 3.00:1.00
First fiscal quarter ending after October 31, 2024 through April 30, 2026 | 4.75:1.00 | ​ | 2.50:1.00
After April 30, 2026 to April 30, 2027 | 4.50:1.00 | ​ | 2.75:1.00
After April 30, 2027 to April 30, 2028 | 4.25:1.00 | ​ | 3.00:1.00
After April 30, 2028 | 4.00:1.00 | ​ | 3.00:1.00
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, | ​ | June 30,
As of | ​ | 2024 | ​ | 2024
Initial Term A-1 Loan due July 2029 | ​ | $ | 160,988 | ​ | $ | —
Initial Term A-2 Loan due July 2031 | ​ | ​ | 137,137 | ​ | ​ | —
2021 Term A Loan due April 2026 | ​ | ​ | — | ​ | ​ | 256,875
2023 Incremental Term Loan due April 2026 | ​ | ​ | — | ​ | ​ | 45,000
2022 Term Loan due September 2027 | ​ | ​ | — | ​ | ​ | 11,265
Gross term loan balances | ​ |  | 298,125 | ​ |  | 313,140
Unamortized debt issuance costs | ​ |  | (2,957) | ​ |  | (1,056)
Term loan balances, net of unamortized debt issuance costs | ​ |  | 295,168 | ​ |  | 312,084
Less: current maturities of long-term debt | ​ |  | (7,500) | ​ |  | (29,795)
Long-term debt | ​ | $ | 287,668 | ​ | $ | 282,289
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | ​ | ​ | Three Months
​ | ​ | September 30, | June 30, | ​ | Ended September 30
​ | ​ | 2024 | 2024 | ​ | 2024 | ​ | 2023 | ​
Revolving Credit Facility |  | 5.90 | % | 6.00 | % |  | 7.24 | % | 6.19 | %
Initial Term A-1 Loan due July 2029 | ​ | 3.01 | % | — | % | ​ | 3.01 | % | — | %
Initial Term A-2 Loan due July 2031 | ​ | 3.51 | % | — | % | ​ | 3.51 | % | — | %
2021 Term A Loan | ​ | — | % | 2.36 | % | ​ | — | % | 2.36 | %
2023 Incremental Term Loan | ​ | — | % | 7.68 | % | ​ | — | % | 7.57 | %
2022 Term Loan | ​ | — | % | 7.43 | % | ​ | — | % | 7.43 | %

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