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Debt (Tables)

6 Months Ended

Dec. 31, 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

​

​	​	​	​	​	​	​
​		December 31,		​	June 30,
As of	​	2024		​	2024
Initial Term A-1 Loan due July 2029	​	$	159,975	​	$	—
Initial Term A-2 Loan due July 2031	​	​	136,274	​	​	—
Delayed Draw Term A-1 Loan due July 2029	​	​	189,000	​	​	—
Delayed Draw Term A-2 Loan due July 2031	​	​	161,000	​	​	—
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	​		646,249	​		313,140
Unamortized debt issuance costs	​		(7,119)	​		(1,056)
Term loan balances, net of unamortized debt issuance costs	​		639,130	​		312,084
Less: current maturities of long-term debt	​		(16,250)	​		(29,795)
Long-term debt	​	$	622,880	​	$	282,289

​

​	​	​	​	​	​	​	​	​	​	​
​		​	​	​	​	​	Six Months
​	​	December 31,		June 30,		​	Ended December 31
​	​	2024		2024		​	2024	​	2023	​
Revolving Credit Facility		5.34	%	6.00	%		6.62	%	6.19	%
Initial Term A-1 Loan due July 2029	​	2.76	%	—	%	​	2.94	%	—	%
Initial Term A-2 Loan due July 2031	​	3.26	%	—	%	​	3.44	%	—	%
Delayed Draw Term A-1 Loan due July 2029	​	6.44	%	—	%	​	6.96	%	—	%
Delayed Draw Term A-2 Loan due July 2031	​	7.21	%	—	%	​	7.31	%	—	%
2021 Term A Loan	​	—	%	2.36	%	​	—	%	2.36	%
2023 Incremental Term Loan	​	—	%	7.68	%	​	—	%	7.62	%
2022 Term Loan	​	—	%	7.43	%	​	—	%	7.39	%

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- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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