v3.25.4
Long-Term Debt (Tables)
 9 Months Ended
Dec. 31, 2025
Long-Term Debt  
Schedule of long-term debt
Our long-term debt consists of the following at the dates indicated:
December 31, 2025March 31, 2025
Face
Amount		Unamortized
Debt Issuance
Costs (1)		Book
Value		Face
Amount		Unamortized
Debt Issuance
Costs (1)		Book
Value
(in thousands)
Asset-based revolving credit facility (“ABL Facility”)$92,000 $92,000 $109,000 $109,000 
Senior secured term loan "B" credit facility (“Term Loan B”)687,750 $(15,015)672,735 693,000 $(16,479)676,521 
Senior secured notes:
8.125% Notes due 2029 (“2029 Senior Secured Notes”)
900,000 (8,240)891,760 900,000 (10,219)889,781 
8.375% Notes due 2032 (“2032 Senior Secured Notes”)
1,281,000 (14,411)1,266,589 1,300,000 (16,416)1,283,584 
Other long-term debt10,314 (25)10,289 11,652 (30)11,622 
Total long-term debt2,971,064 (37,691)2,933,373 3,013,652 (43,144)2,970,508 
Less: Current maturities 8,918 — 8,918 8,805 — 8,805 
Long-term debt$2,962,146 $(37,691)$2,924,455 $3,004,847 $(43,144)$2,961,703 
(1)    Debt issuance costs related to the ABL Facility are reported within intangible assets, rather than as a reduction of the carrying amount of long-term debt. The unamortized debt issuance costs for the Term Loan B include a $3.8 million discount.
Schedule of maturities of long-term debt
The scheduled maturities of our long-term debt are as follows at December 31, 2025:
Year Ending March 31,ABL FacilityTerm Loan BSenior Secured NotesOther Long-Term DebtTotal
(in thousands)
2026 (three months)$— $1,750 $— $468 $2,218 
2027— 7,000 — 1,957 8,957 
2028— 7,000 — 2,120 9,120 
202992,000 7,000 900,000 2,300 1,001,300 
2030— 7,000 — 2,494 9,494 
2031— 658,000 — 975 658,975 
Thereafter— — 1,281,000 — 1,281,000 
Total$92,000 $687,750 $2,181,000 $10,314 $2,971,064 
Schedule of future amortization expense of debt issuance costs
The following table summarizes expected amortization of debt issuance costs at December 31, 2025 (in thousands):
Year Ending March 31,
2026 (three months)$1,996 
20277,949 
20287,949 
20297,612 
20305,310 
20314,823 
Thereafter2,052 
Total$37,691 
Repurchases | Senior Secured Notes  
Long-Term Debt  
Schedule of repurchases
The following table summarizes repurchases of Senior Secured Notes for the nine months ended December 31, 2025 (in thousands):
2032 Senior Secured Notes
Notes repurchased (1)$19,000 
Cash paid (excluding payments of accrued interest)$17,274 
Gain on early extinguishment of debt (2)$1,492 
(1)    We did not repurchase any notes during the three months ended December 31, 2025.
(2)    Gain on early extinguishment of debt for the 2032 Senior Secured Notes during the nine months ended December 31, 2025 is inclusive of the write off of debt issuance costs of $0.2 million. The gain is reported within (loss) gain on early extinguishment of liabilities, net within our unaudited condensed consolidated statement of operations.