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Fair Value of Financial Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Reconciliation of Investment in Convertible Note

The reconciliation of beginning and ending balances of the Investment in Convertible Note as of June 30, 2024 were as follows (in thousands):


	For the Three Months Ended June 30,			For the Six Months Ended June 30,
	2024			2024
Balance at beginning of period	$	18,132		$	—
Investment		—			5,000
Change in fair value		(14,694	)		(1,562	)
Balance at end of period	$	3,438		$	3,438

Summary of Fair Value and Carrying Value of Long-Term Debt

The fair value and carrying value of long-term debt as of June 30, 2024 and December 31, 2023 were as follows (in thousands):


	June 30, 2024					December 31, 2023
	Fair Value (1)		Carrying Value			Fair Value (1)		Carrying Value
Term Loan Facility	$	602,000	$	601,375	(2)	$	610,000	$	604,797	(2)

(1)

Fair value amounts are rounded to the nearest million.

(2)

Carrying value of the Term Loan Facility reflects the unaccreted debt discount of $1.9 million and $2.1 million as of June 30, 2024 and December 31, 2023, respectively. See Note 8, “Long-Term Debt and Other Liabilities,” for further information.