XML 88 R77.htm IDEA: XBRL DOCUMENT v3.25.2
Debt - Stonepeak Credit Agreement (Details)
Dec. 12, 2023
USD ($)
item
$ / shares
shares
Sep. 30, 2025
USD ($)
Jun. 30, 2025
USD ($)
$ / shares
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Debt          
Principal Balance     $ 310,178,000   $ 300,194,000
Stonepeak Warrants          
Debt          
Unamortized debt discount $ 31,800,000        
Stonepeak Warrants, With Exercise Price Of Dollars 5.50          
Debt          
Aggregate number of warrant shares (in shares) | shares 10,000,000        
Exercise price of the warrant (in dollars per share) | $ / shares $ 5.5   $ 5.5    
Stonepeak Warrants, With Exercise Price Of Dollars 6.50          
Debt          
Aggregate number of warrant shares (in shares) | shares 10,000,000        
Exercise price of the warrant (in dollars per share) | $ / shares $ 6.5   $ 6.5    
Stonepeak Loan Facility          
Debt          
Interest rate 9.50%        
Period of company may elect to payment of interest in kind 2 years        
Percentage of interest company may elect to pay in kind 75.00%        
Internal rate of return for each lender under loan facility 11.50%        
Minimum multiple on invested capital for each lender under credit facility | item 1.4        
Debt issuance costs net $ 39,300,000        
Original issue discount and direct lender fees 6,100,000        
Debt issuance costs $ 1,400,000        
Amount of interest to be payable-in-kind     $ 15,000,000    
Amount of interest to be payable-in-kind for each quarter   $ 5,000,000 5,000,000 $ 5,000,000  
Stonepeak Loan Facility | If Change In Control Occurs On Or Prior To First Anniversary Of Loan Facility Closing Date          
Debt          
Change in control premium percentage 20.00%        
Stonepeak Loan Facility | If Change In Control Occurs After First Anniversary Of Loan Facility Closing Date But On Or Prior To Second Anniversary Of Loan Facility Closing Date          
Debt          
Change in control premium percentage 10.00%        
Stonepeak Loan Facility | If Change In Control Occurs After Second Anniversary Of Loan Facility Closing Date          
Debt          
Internal rate of return for each lender under loan facility 11.50%        
Stonepeak Term Loan          
Debt          
Debt issuance amount $ 300,000,000        
Principal Balance     $ 310,000,000   $ 300,000,000
Stonepeak delayed draw term loan          
Debt          
Debt issuance amount $ 100,000,000        
Commitment fee 1.00%