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Debt and Finance Lease Obligations (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt and Finance Lease Obligations ebt and finance lease obligations consisted of the following:

 

 

September 30,

 

 

December 31,

 

(in thousands, except interest rates)

 

2025

 

 

2024

 

2025 Revolving Credit Facility - Pursuit borrowings 5.9% interest rate as of September 30, 2025, due through 2030 (1)

 

$

43,700

 

 

$

—

 

Jasper Term Loan - 6.5% interest rate as of September 30, 2025 and December 31, 2024, due through 2028

 

 

11,796

 

 

 

11,583

 

2025 Revolving Credit Facility - Brewster, Inc. borrowings 4.6% interest rate as of September 30, 2025, due through 2030 (1)

 

 

10,056

 

 

 

—

 

Flyover Iceland Credit Facility - 7.5% interest rate as of September 30, 2025 and 8.4% as of December 31, 2024, due through 2029 (1)

 

 

3,456

 

 

 

3,434

 

Other

 

 

238

 

 

 

—

 

Less: unamortized debt issuance costs

 

 

(2,695

)

 

 

(271

)

Total debt

 

 

66,551

 

 

 

14,746

 

Finance lease obligations, due through 2067 (2)

 

 

60,536

 

 

 

58,567

 

Total debt and finance lease obligations (3)

 

 

127,087

 

 

 

73,313

 

Current portion

 

 

(2,602

)

 

 

(1,870

)

Long-term debt and finance lease obligations

 

$

124,485

 

 

$

71,443

 
(1)
Represents the weighted-average interest rate in effect as of the end of the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees.
(2)
See Note 17 – Leases and Other for additional information.
(3)
The estimated fair value of total debt and finance lease obligations was $126.9 million and $70.6 million as of September 30, 2025 and December 31, 2024, respectively. The fair value of debt was estimated by discounting the future cash flows using rates currently available for debt of similar terms and maturity, which is a Level 2 measurement. See Note 12 – Fair Value Measurements for additional information.