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v3.25.3

Term Notes Payable (Details) - USD ($) $ in Thousands |  |  |  | 9 Months Ended |
--- | --- | --- | --- | --- | ---
Sep. 03, 2024 | Jul. 29, 2024 | Jul. 28, 2024 | Sep. 30, 2025 | Mar. 22, 2022
2022 Term Loan |  |  |  |  |
Term Notes Payable |  |  |  |  |
Aggregate principal amount |  |  |  |  | $ 650,000
2024 Term Loan |  |  |  |  |
Term Notes Payable |  |  |  |  |
Aggregate principal amount |  |  | $ 645,833 |  |
Debt modification and transaction fee |  |  | 619 |  |
Commitment and other fees |  |  | 11,825 |  |
Note discounts |  |  | 4,192 | $ 11,084 |
Aggregate principal amount outstanding as of November 18, 2028 |  |  | 50,000 |  |
Quarterly Amortization Payments on Percentage of Original Funded Amount |  |  |  | 2.50% |
Contractual interest rate (as a percent) |  |  |  | 8.92% |
Principal |  |  |  | $ 581,250 |
Equal quarterly installments over the remaining four years |  |  |  | 16,146 |
Equal quarterly installments over the remaining four years with final payment |  |  |  | $ 387,500 |
2024 Term Loan | Until September 30, 2024 |  |  |  |  |
Term Notes Payable |  |  |  |  |
Variable interest rate margin (as a percent) |  |  |  | 0.13% |
Floor rate |  |  |  | 1.20% |
Margin |  |  |  | 7.50% |
2024 Term Loan | After September 30, 2024 |  |  |  |  |
Term Notes Payable |  |  |  |  |
Variable interest rate margin (as a percent) |  |  |  | 0.13% |
Floor rate |  |  |  | 4.00% |
Margin |  |  |  | 4.50% |
Initial term loan |  |  |  |  |
Term Notes Payable |  |  |  |  |
Aggregate principal amount |  |  | 320,833 |  |
Percentage of one-time fee |  | 1.25% |  |  |
Delayed draw term loan |  |  |  |  |
Term Notes Payable |  |  |  |  |
Aggregate principal amount |  |  | $ 325,000 |  |
Percentage of one-time fee due at the time of closing | 2.25% |  |  |  |

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